The Transatlantic Insights Report has landed! We're excited to share our latest findings with you on behalf of 10 of the leading startup organizations through our new startup analysis, The Transatlantic Insights Report.
Despite Europe's rich history and diverse talents, it unfortunately lags behind its American counterpart in global innovation and economic power. Out of the top 100 global companies, a mere eight originate from Europe, highlighting an urgent need for revitalization and adaptation to ensure future prosperity.
This report goes deep into uncovering the key differences in challenges faced by startups in Europe versus the United States. Through a blend of data analysis and interviews with founders and experts, we provide a clear picture of the barriers each ecosystem faces. By showcasing how startups operate in different cultural and political contexts, we aim to spark discussions on how to better support European startups in overcoming these challenges and thriving in the global market.
For the soon-to-be elected politicians in the EU Parliament, understanding the challenges faced by startups is crucial. These companies play a vital role in driving innovation, creating jobs, and fostering economic growth. The next EU-parliament has the opportunity to influence legislation and policies that directly impact startups. Therefore, it's important for them to be aware of the specific needs and challenges faced by startups.
Key findings from the report
- European startups fear their own politician's regulations: 67 percent of EU startups expressed a strong fear of regulation, compared to just 33 percent of US startups.
- American startups are more apprehensive about factors beyond their control—specifically, macroeconomic conditions: 66 pct. of US startups were concerned about macroeconomic conditions, a sentiment shared by only 34 percent of EU startups. This reveals a clear divergence in the primary issues facing startups in these two ecosystems.
- 35 pct. of EU startups rate the quality of support services as "Poor", signaling a concerning gap between what these emerging companies need and the resources available to them.
- 28 pct. of EU startups rate the legal and administrative environment as "Poor", signaling that many new businesses face obstacles related to regulatory complexity, bureaucratic hurdles, lack of supportive infrastructure and inefficient administrative processes
- Bureaucracy: Our examination of bureaucratic barriers exposes the uneven playing field between larger companies and startups, challenging the traditional notion of regulation as a necessary evil and advocating for reforms and modernization.
