- December 12, 2023
- Posted by: EBAN Team
- Category: Industry Reports
The State of the European Tech executive summary encapsulates the most crucial data points of the year. Delving into key indicators of the ecosystem’s health, it meticulously spotlights both favorable aspects and challenges. The narrative articulates a central thesis for the year: the imperative for the entire ecosystem to commence embracing risk in order to shape the future.
Key findings reveal that global investment levels have experienced a notable decline, reflecting a market reset that extends beyond European borders. Projections for the total investment volume in 2023 indicate a decrease to less than half of the peak seen in 2021 across all global regions.
Contrary to a global slowdown, Europe emerges as a leader in producing new tech founders, surpassing the United States consistently over the past five years. Despite a heightened threshold for entering entrepreneurship, the annual volume of founders initiating new tech startups in Europe exceeds that of the US.
Following a downturn that resulted in a $400 billion reduction in ecosystem value, there has been a significant rebound, bringing the total ecosystem value back to $3 trillion. This resurgence is attributed to a robust recovery in public markets, elevating Europe’s value to its historical peak.
You can read or download the report here: