An information and analytics digest for everyone going abroad or staying home
Education

European Silicon Valley

A new study shows that innovation loves European megacities

True, as Deutsche Welle notes, Germany does not produce enough technical specialists – only 0.4% of the total population. In the European ranking, this country ranks tenth in the number of graduates who studied technology or mathematics. The top two positions in the ranking are held by the United Kingdom and France.

Despite the fact that Germany lacks technical specialists, it has managed to become a magnet for IT specialists from other countries. London, Paris and Berlin are three megacities that host two-thirds of all high-tech startups in Europe. This conclusion was reached by researchers from the British company Balderton Capital, who surveyed 15,000 employees from 1,000 venture-backed enterprises. The top 10 included Amsterdam, Barcelona, Madrid, Stockholm, Dublin, Copenhagen, Milan.

Three European capitals – London, Paris and Berlin – also lead in terms of investment attracted. And in terms of the number of IT specialists and developers working here, together they almost equal Silicon Valley in California: London – 300,345 people, Berlin – 81,860, Paris – 134,322. Silicon Valley employs about 564,000 developers.

One of the main conclusions of the European Talent Landscape 2016 study: Germany, along with the United Kingdom and France, is the most attractive place to work in Europe. In 2016, 38% of all job seekers in the European market – specialists in computer and engineering technologies – tried to find work in the UK, 21% in Germany, 11% in France.

Another interesting fact: many startup employees gained their first experience at Google and Microsoft. Among the "first" employers of future innovators, there are also many telecommunications giants.