UK startups accounted for 25% of new ventures in Europe, raising 40% of total capital in 2024
300+ Words Refined into 3 Facts by AI • 1 source • 54m ago
Damian Routley, COO of Founders Factory, argues that the UK's startup ecosystem is thriving despite challenges, stating that UK startups accounted for 25% of all new ventures in Europe in 2024.1
Routley highlights that the UK attracts more venture capital than any other European country, with investment levels double that of the next closest competitor.1
Routley emphasizes the importance of incentivizing investment and protecting schemes like the Enterprise Investment Scheme (EIS) for early-stage investors.1
The UK government aims to foster innovation by ensuring money, talent, and a market are available for startups.1
Damian Routley, COO of Founders Factory, claims that the UK's startup ecosystem is thriving, with UK startups accounting for 25% of all new ventures in Europe in 2024.
He notes that the UK attracts more venture capital than any other European country, with investment levels double that of the next closest competitor.
Routley emphasizes the need for incentivizing investment and protecting schemes like the Enterprise Investment Scheme (EIS) for early-stage investors.
Entrepreneur
300+ Words Refined into 3 Facts by AI • 1 source • 54m ago