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Europe as an entire has lengthy been a driver of innovation and entrepreneurship. Cities like London (UK), Berlin (Germany), Dublin (Eire), Copenhagen (Denmark), Amsterdam (the Netherlands), and Paris (France) are famend startup hubs, nurturing a few of the continent’s most inventive minds and future-forward companies. Nevertheless, with the outbreak of the COVID-19 pandemic final 12 months, about 40% of residents began contemplating shifting away from massive European capitals to smaller cities.
So, what are a few of the greatest various European cities for aspiring or budding entrepreneurs? We took a glance past the plain to discover a few of Europe’s less-expected cities with dynamic startup scenes which can be nice for brand new companies. Right here’s what we discovered:
Ljubljana, Slovenia
Slovenia is within the nascent stage of creating a startup ecosystem. With its vibrant economic system, favorable laws for entrepreneurs, and inexpensive residing alternatives, this can be a nice small metropolis to relocate to in a post-COVID world. Present in Japanese Europe only a brief drive from the Croatian, Austrian, and Italian borders, Ljubljana is thought for its clear air, low crime price, proximity to the “sunny aspect of the Alps”, and bustling artwork scene.
The nation’s small measurement and placement make it very accessible to help and traders from different EU international locations, and the Slovenian authorities is making public sources of funding simply accessible for entrepreneurs.
Barcelona, Spain
Europe’s quintessential startup metropolis, Barcelona is a world-renowned tech startup magnet. The town is stuffed with startup success tales, and practically two-thirds of town’s startup founders have come from overseas. And it’s probably not stunning why—with its cheap price of residing, enticing beachside life-style, and famously top quality of life, it’s not exhausting to persuade gifted professionals to relocate.
There’s a powerful startup neighborhood with loads of incubators and accelerators in search of the following large factor (and also you don’t even want to talk Spanish to do it). There are common tech and startup networking occasions, starting from comparatively small to main, just like the Cellular World Congress. Though Madrid is the authorized capital of Spain, Barcelona is the undoubted chief on the planet of startups.
Prague, Czech Republic
With its developed infrastructure, extremely expert and educated workforce, and its pretty low price of residing for a capital metropolis, Prague is a good place to maneuver for aspiring entrepreneurs. Usually seen as a gateway to bigger startup hubs like Vienna, or Berlin, Prague is an excellent place to get your foot within the door of the European entrepreneurship scene.
The nation’s secure economic system creates a dynamic enterprise setting that attracts in native and worldwide professionals. The working mentality and perspective there additionally affords the chance for an incredible work-life stability for anybody trying to relocate. Also known as one of the crucial lovely cities in Europe, Prague has been attracting digital nomads for the reason that early 2010s. You’re virtually assured to have the ability to converse English wherever you go along with the variety of expats settled in Prague!
Zurich, Switzerland
Switzerland as an entire was lately named among the finest international locations to reside in worldwide due to its high quality of life and, importantly for entrepreneurs, its business-friendly setting. Actually, Swiss startups generated greater than CHF 2 billion in 2021 alone due to the supply of capital, expertise, and clients in the marketplace!
Zurich is charming metropolis filled with inexperienced areas, lush riverside promenades, an thrilling artwork scene, and at shut proximity to quite a lot of ski stations and mountaineering routes. The town is very habitable with an environment friendly public transport system, nice colleges, and worldwide presence. What’s extra, its distinctive location within the heart of Europe makes it driving distance to different key entrepreneurship hubs like Munich and Milan.
Lisbon, Portugal
Able to fall in love with azulejos, windy roads, and pasteis de belem? Then Lisbon is the place for you! It’s an incredible metropolis to maneuver to in case you’re trying to work with a few of the continent’s best growth minds. Lisbon’s universities are well-known for the standard of the builders they prove every year, with a whopping 53% of graduates holding a STEM diploma!
Foreigners flock to Lisbon for a lot of causes, certainly one of them being the very favorable fiscal state of affairs supplied by the Portuguese authorities. For the primary 10 years of life there, foreigners working for strategic industries can qualify for the non-habitual resident standing whereby you pay a flat price of 20% on revenue tax and aren’t taxed on something you earn overseas.
Athens, Greece
The cradle of philosophy, tradition, and know-how, Greece has at all times been a hub of innovation and data. Lately, the Greek authorities has put a number of incentives in place to assist native and worldwide entrepreneurs get their enterprise concepts off the bottom – and what’s extra, it’s been working! Increasingly more startups come out of Greece every year, with 800 startups at present in operation in Athens alone.
The nation’s largest metropolis, Athens has year-round sunshine, an incomparably bustling cafe tradition, nightlife that seemingly by no means stops, and a big ex-pat neighborhood. The town heart is stuffed with eating places, bars, retailers, galleries, and extra – to not point out that it surrounds probably one of the crucial important historic artifacts – the Acropolis.
Stockholm, Sweden
Fashionable Stockholm lately grew to become a hub for entrepreneurs with a spike in enterprise capital and authorities funding. That is the go-to place for startups and small enterprise house owners trying to make a constructive social or environmental impression!
The cosmopolitan metropolis abounds with healthcare startups, corporations specializing in the elimination of meals waste, and EdTech to call a couple of. It’s an incredible place to go for entrepreneurs hoping to safe seed funding, enter an accelerator program, or appeal to traders. To not point out that Stockholm is reputed for its nice high quality of life, tolerant society, and having a powerful deal with environmental safety.
Florence, Italy
While you consider Florence, you usually think about an attractive outdated city, a Duomo, and a wealthy historical past of artwork and structure. And whereas that’s completely true, do you know that it’s additionally the best place for e-commerce, retail, leisure, and advertising startups to arrange store? These industries thrive in Florence, and there are many coworking areas to community in in addition to startup incubators to get your initiative off the bottom. A brief, hour-and-a-half practice trip from each Rome and Milan, this small, secure metropolis is completely situated for anybody trying to discover Italy whereas constructing the following large factor!
Cambridge, United Kingdom
Finest identified for its world-class college, Cambridge additionally has a thriving startup scene. Self-proclaimed “Silicon Fen” (the UK’s reply to Silicon Valley), there are a selection of high-tech companies and ecosystems able to help newcomers at each flip.
This can be a excellent spot to go for startups trying to recruit the most effective and the brightest contemporary out of Cambridge College, enter a good enterprise incubator, or collaborate with friends in pocket-friendlier coworking areas than in London. This can be a nice various to London for entrepreneurs in search of a quieter life-style away from the hustle and bustle of the large metropolis. Simply be sure to learn up on to settle in correctly after Brexit.
Hamburg, Germany
Hamburg has the second-highest density of startups in Germany, with practically 10,000 new corporations based every year! The native authorities pours loads of assets into entrepreneurship right here, constructing its status as a pacesetter in service, gaming, tech, and commerce. The town can be the chosen spot for Airbus and Google’s presence in Germany, with town drawing in prime expertise due to its globally revered college.
It’s additionally been ranked essentially the most livable metropolis in Germany for its nice schooling alternatives, sturdy healthcare system, stability, and infrastructure. To not point out it could be a novel alternative so that you can be taught German and discover the neighboring nation of Austria as effectively!
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