So what are the best places for startups in Europe? Do you have the idea of starting a new business? Would you like to find the best city for your startup? Insider Monkey has given the answer where to start a new company in the world.
It is exhilarating to work for a startup. It is very exciting as well because you de something new that hasn’t been created. You can always find a market that has been left untouched. The opportunities are unlimited in these days and their number is continually growing. For instance car services are excellent examples because while large numbers of cities have cabs, apps like Uber, Gett, Lyft have revolutionized the way we can call a car if we want to go somewhere. Many people use these apps when they do overwork, it’s late at night and the trains don’t run very often, so it would be difficult to get home.
There are many misunderstandings about what a startup really is. Some of the explanations say that they are young companies in the beginning of their developing. As startup companies are rather tech-heavy as a rule, it’s essential that these companies begin in a city where the tech is excellent. It is true that these cities are usually expensive, but only the starting costs a lot of money, especially when it needs development and design as well. Insider Monkey has investigated these cities, using the help of Startup Genome – which has the latest and most updated data regarding to startup cities.
In order to get the right answers Insider Monkey has consulted the most useful sites that offer the most valuable information about the cities in Europe. We have picked two cities from their list for now: Moscow and Barcelona. Moscow’s market reach is 19%. One of the interesting facts about startups in Moscow is that they have the lowest acceptance rate of visas for foreign candidates in the world. Their early-stage funding growth index is 4.2 and global connections rate 8.8. Russian startups generally concentrate on gathering talents on the local level or neighboring countries, mainly because of the language. The next one is Barcelona, Spain. The market search is 24%. Barcelona is a great combination of talents and money, so if you search these two ones, then Barcelona is for you. It has the fifth highest percentage of startup founders over 30. Moreover, its early-stage funding growth index is 4.7, whereas global connection rate is a little bit above the average with 6.4.
For any further interesting information, you should read Insider Monkey’s article about the best places for startups in Europe.
