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European tech hubs to rival Silicon Valley

8 Dec, 2016 09:00 am

Silicon Valley's dominance as the world's leading technology centre may soon be threatened as a growing number of digital firms spring up across Europe, according to a new report.

@ Fotolia

Tomorrow's leading-edge technologies may well be created by researchers and entrepreneurs based not in the US, but on the other side of the Atlantic, according to "The State of European Tech 2016" report by investment capital firm Atomico and conference organiser Slush.

Citing successful European tech companies such as Spotify and King, the report highlights the record number of start-ups launched in Europe, although adds that they often lack the investment offered to the Californian counterparts.

In addition to the traditional European tech capitals of London, Berlin, and Stockholm, the report also points to the growing number of clusters based in cities such as Munich, Zurich, Lisbon, Madrid, and Copenhagen.

Read more on Business Insider
A thriving start-up culture and a long list of successful companies help to explain why technology-development hubs in Europe are set to lead the world in the tech sector.
Explore the Trend: Seeking inspiration from start-ups to avoid uberisation

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