Why start ups are the flavour of the month

Daniel Dalton | Issue 5 | Comment, Magazine

From the Archive

The future’s bright for startups – especially if the UK and EU can work together and rise to global challenges

It’s boom time for tech startups on both sides of the Channel. British startups are believed to have raised more than $30 billion this year, while European startups raised over €24 billion in Q3 alone. However, securing funding is no guarantee of success, even for the most innovative companies. Startups continue to face the challenge of scaling up into a secure business. As many as nine out of every ten fail. Policy-makers are not short of strategies to try to deal with this. The UK is still Europe’s leading startup nation and the government has published both an innovation and an AI strategy in the past few months. In Brussels, the European Commission has come forward with several startup strategies, including the Startup Nations Standard (SNS), the European Startup Nations Alliance (ESNA), and Global Powerhouses. The French government has also proposed the ScaleUp Europe Initiative ahead of its European Council Presidency. These initiatives demonstrate how popular startups are in g...

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