[ad_1]
News and research before you hear CNBC and others. Claim your 2-week free trial StreetInsider Premium here.
LISBON (Reuters) – London's popularity among Europe's tech startups hubs has slumped as its European market share.
The survey of 540 tech founders showed that London's popularity dropped to 41 percent in 2018 in a weighted vote, down from 55 percent in 2017. Berlin followed with 40 percent, according to the survey by the European Startup Initiative, a nonprofit organization.
London's popularity is partly because it attracts more investment money for startups than anywhere else. It captured 53 percent of all European Union startups last year, the survey said.
But after Brexit it could become more difficult or less attractive for tech startups in London.
"With Brexit looming the question is pressing, how is the fragile network of European startup hubs will react when an important bloodline is pinched off," the organization said in a statement.
The second tier of European startups was unchanged from the previous year, with the remaining 20% of the vote.
The biggest gainer was Lisbon, which jumped into fifth place with 12 percent of the vote, ahead of Amsterdam, which dropped to sixth place from fifth. Lisbon has gained ground to the city of Europe's largest tech event, the Web Summit.
The survey found 50 percent of all founders' votes.
Dublin and Stockholm fell out of the top 10, replaced by Munich and Milan. Zurich jumped into ninth position thanks to its popularity among fintech specialists, followed by Copenhagen.
The survey's main question to tech company founders was: "Where would you start if you could begin all over again?"
(Reporting By Axel Bugge Editing by Jane Merriman)
[ad_2]
Source link
