The pandemic created a make or break environment for many businesses over the past 2 years. From companies going bust, to new business opportunities rising for budding entrepreneurs, the past couple years have been pretty turbulent.
With this in mind, a new study by Paymentsense has revealed the best countries in Europe for a startup business, by analysing the following data points:
-
Number of new businesses between 2015-2019
-
The most popular type of startup business
-
The city with the most new startup businesses
-
Percentage of startups located in the most popular city for businesses
-
Five year business survival rate in each country
Ranked: The Top 15 Countries With Most Startups in Europe
|
Rank |
Country |
City with the most startups |
Most popular type of startup in that country |
Number of startups from 2015 To 2019 |
Percentage change in number of start up businesses between 2015 and 2019 |
|
1 |
France |
Paris |
Software |
2,000,100 |
56.1% |
|
2 |
United Kingdom |
London |
Fintech |
1,755,035 |
1.1% |
|
3 |
Spain |
Barcelona |
Software/SaaS |
1,438,815 |
5.7% |
|
4 |
Italy |
Milan |
E-Commerce |
1,403,569 |
-0.7% |
|
5 |
Poland |
Warsaw |
Software/SaaS |
1,279,577 |
5.0% |
|
6 |
Germany |
Berlin |
SaaS/Software |
1,041,221 |
25.9% |
|
7 |
Portugal |
Lisbon |
Information Technology |
693,279 |
13.9% |
|
8 |
Netherlands |
Amsterdam |
Software/SaaS |
595,531 |
31.2% |
|
9 |
Czechia |
Prague |
Artificial Intelligence |
464,772 |
9.4% |
|
10 |
Romania |
Bucharest |
Software |
402,428 |
9.5% |
|
11 |
Hungary |
Budapest |
Information Technology/Fintech |
344,772 |
39.8% |
|
12 |
Slovakia |
Bratislava |
Software/Internet Of Things |
296,047 |
17.4% |
|
13 |
Sweden |
Stockholm |
Software |
255,865 |
-7.1% |
|
14 |
Belgium |
Brussels |
Artificial Intelligence |
219,533 |
22.0% |
|
15 |
Bulgaria |
Sofia |
Software |
205,253 |
-1.5% |
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United Kingdom Is The Second Most Popular Country In Europe For Startup Businesses
The UK has been ranked as the second most popular city in Europe to build a startup business. Between 2015 to 2019 there were 1,755,035 startup businesses registered here, with just a 1.1% percentage change from 2015 to 2019 showing a slight increase in the number of startup businesses.
Data Reveals Paris Is The Most Popular City In Europe To Start A Business
Paris is home to over two million startup businesses and ranks as the most popular city in Europe for budding entrepreneurs to set up their business. From 2015 to 2019, there has been a 56.1% growth in the number of startups in the country.Software companies are the most prominent type of startup here, which is interesting considering the city is renowned for its fashion industry.
In third place, and home to some of Europe’s most astonishing architecture, is Spain. The city saw over 1,438,815 new startup businesses between 2015 and 2019, with a large proportion also being in the software and software as a service (SaaS) industries.
The 25 top countries with the highest five year survival rate
By analysing over 20,000 new startups on Eurostat and EU Startups, we discovered the countries across Europe with the highest five year survival rate for their startups.
|
Rank |
Country |
City with the most new startups |
5 year survival rate |
|
1 |
Malta |
Valletta |
78.7% |
|
2 |
Sweden |
Stockholm |
60.8% |
|
3 |
Netherlands |
Amsterdam |
57.7% |
|
4 |
Belgium |
Brussels |
57.5% |
|
5 |
Greece |
Athens |
56.0% |
|
6 |
Luxembourg |
Luxembourg City |
55.8% |
|
7 |
Slovakia |
Bratislava |
55.1% |
|
8 |
Croatia |
Zagreb |
52.6% |
|
9 |
Romania |
Bucharest |
51.8% |
|
10 |
Cyprus |
Limassol |
51.2% |
|
11 |
France |
Paris |
50.1% |
|
12 |
Slovenia |
Ljubljana |
48.8% |
|
13 |
Ireland |
Dublin |
48.4% |
|
14 |
Czechia |
Prague |
47.8% |
|
15 |
Austria |
Vienna |
47.4% |
|
16 |
Switzerland |
Zurich |
47.1% |
|
17 |
Hungary |
Budapest |
46.7% |
|
18 |
Estonia |
Tallinn |
45.6% |
|
19 |
Bulgaria |
Sofia |
45.2% |
|
20 |
Finland |
Helsinki |
45.1% |
|
21 |
Latvia |
Riga |
44.5% |
|
22 |
Spain |
Barcelona |
|
