The recent collapse of Silicon Valley Bank (SVB) has sent shockwaves through the startup ecosystem and raised important questions about the role of policymakers in supporting robust startup ecosystems.
This collapse underscores the importance of diversifying funding sources and ensuring that startups have access to a range of financing options as well as incentivizing investment, and providing regulatory frameworks that balance risk and innovation.
Governments and regulators around the world, including in the UK and Australia, are checking for SVB exposure in their own ecosystems; taking action to ensure their startup communities continue to drive economic growth, create jobs, and foster innovation for years to come.
Munich and Berlin have become startup hubs fostering entrepreneurial talent. Munich startups create over 41K jobs locally and over 96K globally. Younger companies generate over half of all Munich startup jobs, and former unicorn employees' startups create 7.6K+ jobs. In Berlin, 73K+ local jobs are supported, with seed and early-stage companies holding up better than late-stage firms. Deep Tech startups in Munich create 14.6K jobs (30% of the total), while 84 impact startups provide 10% of all startup jobs. Berlin attracts foreign startups, which have created 17K jobs in the city.
π³π΄ Norway is home to almost 3,000 startups and scaleups
In the entrepreneurial Nordics, the early-stage ecosystem in Norway is growing faster than in neighbors Sweden, Denmark, and Finland and now they have a new digital home. Introducing the new open-access Norwegian Startup Database for discovering startups, investors, innovation trends, and deals, backed by Innovation NorwayOslo Business Region and Business Norway.
π¦πΉ May 30, Startup World Cup Austria, Vienna
The Austrian finals of Startup World Cup will take place as part of ViennaUp on May 30th, 2023. Early-stage startups HQ in Austria? Applications close on March 26th!
Know an insightful tech event in your region you would like to highlight?