A new index specifically for digital startups
The European Digital City Index describes how well different cities across Europe support digital entrepreneurs. It gives startups information about the strengths and weaknesses of local ecosystems, and gives policy makers a tool to see where they should prioritise. The index covers all 28 capital cities in the EU, plus seven additional European cities.
The EDCi index focuses on what matters most to digital startups, and looks at a wide set of factors, such as the skills of the local workforce, the city’s entrepreneurial culture, its lifestyle, the degree of access to capital, and the digital infrastructure. The index was commissioned by Nesta, a registered charity in the UK.
Amsterdam receives top marks
Amsterdam achieved a top-three ranking for both startups and scale-ups, which are companies that have already achieved a scalable business model.
According to the index, Amsterdam is considered an exciting and diverse city, and this adds to its allure as one of the best places in Europe to start a business. It is generally considered a great place to live, and its reputation as a permissive, connected, and clean city attracts entrepreneurs from across the world. Specifically, Amsterdam scored strongly in terms of capital, culture, and connectedness.
A city that actively innovates in terms of policy
Amsterdam's size also permits a high level of policy experimentation when it comes to entrepreneurship. StartupAmsterdam is noted as an important organisation that provides a wealth of information for young startups an actively contributes to the startup ecosystem in the city. Its action programme consists of 15 measures that also target the themes mentioned in the report such as access to capital, business environment, skills and knowledge spillovers.
Amsterdam has also been investing in its innovation strategy, with projects like the Smart City initiative, where new products can be tested in a living lab, and adjusted based on real-world feedback.
The Netherlands as Launchpad
In addition, the report takes note of StartupDelta, the national initiative that links established tech-clusters across the Netherlands. Together, StartupAmsterdam and StartupDelta help establish the Netherlands as the best possible Launchpad for startups and scale-ups in Europe.