This year’s Global Tech Ecosystem Index has won Paris as the continent’s top high-tech hub.
The report analyzed the technical talent, innovation and investment in 288 cities and 69 countries.
The French capital also ranked fourth in the world, while London ranked sixth.
Cambridge, Munich, Stockholm and Grenoble were the only European cities to reach the top 20 in the world.
Cambridge shows the concentration of the best talent in Europe
Analysts say the UK has raised less money than in recent years. The startup was just above 19 billion euros in 2024, the lowest since 2020.
Nevertheless, the UK still remains the driving force behind the European technological scene.
According to the report, Cambridge is the most concentrated in Europe, with a corporate value of over 162 billion euros and a population of just 150,000.
Density leaders say, “It is an ecosystem that is better than population size and shows outstanding innovation output per capita.”
“These hubs are marked by high startup activities, research strength and strong university connections, demonstrating the ability of a world-class ecosystem to emerge everywhere,” the report states.
As Lagos leads worldwide, Kiev ranks as the top rising star in Europe
This report ranks top European stars in terms of enterprise value and unicorn growth. It’s a privately owned startup worth over $1 billion, all adjusted to local GDP and cost of living per capita.
Lagos, Nigeria, tops this list, has created five unicorns and has grown more than 11 times the value of the ecosystem since 2017 despite the small economy.
In Europe, the top-rising star is Kiev, followed by Vilnius, Zagreb, Prague, Warsaw and Athens.
Experts say Ukrainian high-tech hubs are booming, with over 300,000 tech experts growing in 2023, from an estimated 75,000 in 2014.
The Ukrainian capital has over 1,000 high-tech companies, including Ajax Systems and Grammarly.
A few months ago, the World Economic Forum chose Kiev and opened a new Govtech centre, replacing the best Govtech practices and innovative solutions.
