From Berlin and London to Stockholm and Prague, European cities are breeding highly innovative tech companies that attract international investments. While the VC investment globally is down 53 percent, this year’s funding for European industrial tech is rising. Industrial tech startups have raised USD 4.8 bn — already almost as much as was raised in 2021 (USD 4.9 bn), a boom year for investment generally. By the end of the year, investment is predicted to rise 28 percent on last year, states a report published by early-stage European VC Speedinvest and intelligence platform Dealroom. By far, Germany has attracted the most funding this year. In fact, Germany’s 26 percent GDP comes from the industrial sector.
London, established as a European leader in fostering a conducive environment for unicorns to emerge, is also not far behind. Even in the wake of Brexit, record-breaking inflation rates, the war in Ukraine, and critical supply chain issues, the city has outperformed much of the world regarding startup investment, outstripping China, India, and France in fostering innovative new companies. Throughout the opening five months of 2022, over 950 UK tech startups have raised £12.4 bn compared to the £12 bn raised in 2020.
From one unicorn in 2012, Europe has produced 132 unicorns in the last decade. In this issue, we celebrate the success of European organisations that have put innovation at the heart of operations. We have identified the 10 Most Innovative Companies in Europe – 2022 with the ability to execute an efficient and consistent idea with an overarching strategy. On the cover, we feature the Dossenheim-baed German organisation NEXUS / CHILI, founded in 1997, which has done some pioneering work in the teleradiology and telemedicine domain and continues to do so.