There is no European version of Silicon Valley yet.
My impression is that there is still a lot of “regional” thought in Europe, which means that initiatives across land borders do not have the same “suction” as Silicon Valley.This has to do with how Europe has been set up, it is not a closed federation like the United States, but an open federation, a model that has not been conceived before. As a result, there is a certain degree of complexity in laws and regulations that may hinder the entrepreneurial climate. If you have a startup in the US you know which legal structure (in Dutch terms: private company, Limited Company, company under firm) you have to set up for a particular purpose.
But whether a Dutch private company has the same legal status as a German GMBH (Gesellschaft mit beschränkter Haftung), and if no, what the differences are?One big question mark.
However, we can make a few statements.One of the most innovative cities in Europe is London. But yeah… Brexit… And the further?
In the north we find at reasonably short distance Stockholm and Copenhagen.Two countries, but both with a strong tech industry.
In Our little Frog country There is also an interesting development going on.
Everyone knows Amsterdam, and by Brexit a lot of parties from London are pulling this way, especially in the financial world.
Eindhoven is also very quick to develop, especially if we take Veldhoven (ASML) in it.The University of Eindhoven has a strong profile in the “technology domain”, not only information technology, but also other technology.
Rotterdam and The Hague are increasingly pulling together as catalysts in the region.The Hague does not have its own university, while this is often the motor around technological renewal. The Rotterdam Erasmus University is not known from the technology domain, but it is highly regarded in other domains.
However, Rotterdam has a strong entrepreneurial climate, and in addition to the various parts of the government, The Hague also has a number of major financial institutions.
If we look at the distances in which these developments take place: The Delta Rotterdam, The Hague, Amsterdam is about 1.5 hours maximum.Rotterdam to Eindhoven/Veldhoven is a similar distance. Amsterdam to Eindhoven: less than 2 hours.
In The Netherlands, a strong FinTech development is underway, especially now that the position of London has been pressurised by Brexit.
Because of its history and education, the Netherlands is also the country with a very high European integration, this also offers opportunities.
The big problem of Europe is that there is no clarity in laws and regulations, national and international. Completely when you consider that some legal business constructions in the United States use the legislation of one of the States, but that the business operations take place in another state.Suppose you want to have a company operating from the Netherlands, but with a legal BV-like construction in the Czech Republic… Can that be, how does that work?
In addition, national thinking is still strongly present, which hampered mobility.
Finally, entrepreneurial culture in Europe is quite different from that in the United States.
Because of this, I do not see an entrepreneurial climate in the short term as is present in Silicon Valley or New York.With London under pressure because of Brexit, I expect a part of the business to move to the permanent country, and thus get a suction effect on the financial industry.
This offers prospects for the Netherlands, but also for Ireland (Dublin) where the financial sector is also strongly represented.
This will not approach Silicon Valley, but potentially the entrepreneurial climate in New York.
What can we expect?
Short-term little, too many islets and lack of transparency.
In a few decades: when Europeans are explained how the European Union works exactly, and how this makes their lives better, if politics stops hiding behind Europe (in an open federation is much more national freedom than politics now lets hear , because now you can shift unpopular policy to Europe), it is possible that Europe can compete with New York and possibly Silicon Valley.
The question, however, is: how much does China in particular develop in the tech domain.I have now depreciated India as a potential tech booster, the culture is really in the way of development, and this has not been solved with one or two decades.
Not if you’re strict about the IT scene.
But in another reply to Quora this Youtube video was shown, explaining how thanks to very practical internationals recognized as high-quality research in Wageningen University and Research resulted in the Netherlands being on its small Surface could become the second largest fruit and vegetable exporter worldwide after many times larger U.S.
The list for Europe is long enough, so yes. Anyway, you have to realise what Silicon Valley is exactly. Just a high-tech center with a large number of inhabitants who mainly focus on automation and technology.A bit like the Randstad in the Netherlands, so.
Europe has always been a high-tech environment.But during the Second World War, Germany was primarily technologically ahead and after they lost the war most of their scientific investigations were “conquered” by the Allies and the Soviets. Europe then had to recover for a while, especially the Americans continued with these investigations. Especially for the development of atomic weapons, which they were able to conclude thanks to German research and German professors.
And what can you expect from it?Well, all these companies work together globally so that everything is developed in various places. For example, Silicon Valley can come up with funding for a project that is being implemented in the Netherlands with technology from Japan. (And made in China…)
WiFi was conceived by Cees Links, a Dutchman who went to work for an American company but gained his knowledge in the Netherlands.
Jaap Haartsen has played a major role in the development of Bluetooth.For Ericsson in Sweden at the time, before Sony bought the company.
Guido van Rossum is the creator of the Python programming language.Again a Dutchman, so. But he now lives in California…
And Koninklijke Philips is of course a world famous brand that has its origins in our cold Frog country…
Well, what can you expect from it?Things like the notch on contemporary rusts, for example. Then you can easily get out of a roll. But also many other technological developments. Among other things in the field of robotics and agriculture.
The Dutch agricultural techniques are pretty much the best on this planet as we are able to achieve a huge production with a small surface area.After the US, the Netherlands is actually the second agricultural exporter in the world. Can you check out what a feat that is! In 2015, we exported 81 billion in agriculture and thus we defeated the French, Germans and Brazilians.
But as mentioned, a lot of research is done in cooperation with other countries.Silicon Valley is ideal for introducing new things to get financiers for a new project.
But take a look at Kickstarter and see what’s just being invented in Amsterdam!About 1100 projects by Beden Kers based in Amsterdam who all seek funding. Bacon sprinkles, for example… Or the Be. E-The BioScooter, Artificial Ears or the Glass Shop Wall.The latter is useful because you get intelligent windows that can lure you long-running customers but also present your webshop so that people can go to your shop after closing time and shop online. Pity only that it failed…
So you can expect everything from…:-)
Actually, the answer is no.Perhaps Silicon Docks in Ireland is the closest thing to come in the area, although that is not even the biggest concentration of high tech in Europe.
Silicon Valley is uniquely economically geographically unique.It offers work to about 225,000 high tech professionals, all of which have concentrated around two thirds of all such jobs in the US in an area with approximately a similar surface area of the island of Fiji. In addition, there is a lot of hedge funds in the area and a rich concentration of lenders that offer opportunities for start-up capital.
Europe simply does not.There are concentrations, for example Silicon Docks with roughly 7,000 jobs, but that falls into nothing with Silicon Valley. Silicon Docks is about 33 times smaller in order of size compared to Silicon Valley.
There is also no place in Europe that has the combination with so many hedge funds.The reason it has been able to happen in California, has actually to do with the fact that Hollywood is near light and universities like Berkeley. This brought capital and knowledge together, but hedge funds are a risky capital and the reason it sits there is to make Hollywood. Production of films is a risky investment.
Europe does not actually do this and companies operate in much more risk averse climate.Silicon Docks will be at least a little closer in the area, because there are also some real estate investors besides spin-offs, but it is not really comparable.
Dresden in Germany has a higher concentration of high-tech jobs than in Ireland, but there is mainly a lot of mechanical industrialization.The same type of concentration is also found in the UK in Silicon Fen, near the University of Cambridge. France also has such concentrations of high tech, but then pharmacological, or aviation related near cities such as Nice and Montpellier. Russia also has such concentrations, but especially in biomedical, nuclear, or aerospace areas. It’s all much more uniform and smaller than the real Silicon Valley and is closer to old heavy industry than real high tech.
A short answer this time:
Not on the scale as Cupertino and San Jose, but keep an eye on the region of Eindhoven.A huge amount of IT companies there.
If you’re using Silicon Valley to mean a region where startups have a greater chance of succeeding than anywhere else, then the answer is that in Europe there is not one Silicon Valley, but several.Each with its own strength. In several lists, such as the annual startup Ecosytem Overview of Startup Genome, cities like Berlin and Stockholm are often highly valued. London is also called a lot. But just a few steps from Amsterdam (or if you want the Netherlands, because Eindhoven is also strong). There is a great deal going on in Paris at the moment.
Important facets in Europe include: the presence of talented founders, the presence of universities and research centres, and the role of the large corporates.The Hub Station F consists in the grace of investments of large corporates who like to come into contact with the innovative power of startups. The presence of Philips and ASML in the vicinity of Eindhoven has a strong and positive influence for that region. When Nokia’s mobile phone branch was sold to Microsoft, a lot of startups were created in Helsinki, where the Slush festival is a result.
Right also Tallinn in Estonia, Riga in Latvia and Vilnius in Lithuania not out.Especially in Tallinn is outside-proportionally much going on because of the influence of the original processors of Skype and the strongly digitally oriented government.
Warsaw is also a place where a lot is happening.Munich benefits from a strong university and the automobile industry.
In short, in Europe it is much more diverse than in the US. The big step that startups have yet to make is to approach the EU as a single market.Then the fence really goes from the dam.
Certainly, only those in Israel lie.Very strong in (of course) military technology, cyber security and AI.
Brainpark region Eindhoven, conurents directly with Silicon Valley to hi-tech talents.