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The European Digital City Index (EDCi) was produced by Nesta as part of the European Digital Forum, EDCi provides information about the strengths and weaknesses of local economies in relation to the formation and growth of digital businesses.
The index applies a number of different criteria in drawing up its index which are set out in the Methodology section of its website. Applying those criteria, Nesta produced the following table of leading European ciies for start-ups:
For scale-ups, the table was:
Why London? ESCi explains:
"The city’s substantial financial sector is undoubtedly a major benefit: not only is London’s venture capital industry the most developed in Europe, but the presence of many financial services firms helps promote a growing number of fintech and crowdfunding startups, like Seedrs, Funding Circle, Transferwise, Wonga and DueDil. London is also the accelerator and coworking capital of Europe, as well as boasting a number of world-class universities. Its vibrant startup scene is supported by a strong creative cluster around ‘Silicon Roundabout’ and, despite Brexit fears, the city still attracts significant talent from all over the world."Successful start-ups include Deliveroo, Made.com, AppNexus and Borro. Shazam, Transferwise, Wonga, FarFetch, Zoopla and Lastminute.com are examples of successful scale-ups.
If anyone wants to discuss the legal aspects of starting a digital or any other business, call me on 020 7404 5252 or send me a message through my contact form.