A new index specifically for digital startupsThe 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, as opposed to startups more generally. It 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 marksAmsterdam 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.