An attractive city for startups and international talent
In an elaborate article, the publication examined the pros and the cons of the Amsterdam Area as a hub for startups. The Financial Times
praises the can-do mentality of the Dutch and the ability to work and live fully with the English language here. Eighty percent of the workforce can speak English, making Amsterdam the largest anglophone city in continental Europe. The city also stands out because for centuries its liberal, tolerant and free-spirited reputation has attracted people who think outside the box. What's more, the fiscally friendly climate and a flourishing internationally oriented business community make it the ideal testbed for startups.
Best possible digital foundation
Especially relevant for startups in the tech sector, the Netherlands is home to the sixth fastest internet in the world and the Amsterdam Area also boasts the best possible digital foundation thanks to the presence of the Amsterdam Internet Exchange (AMS-IX), which is the largest data transport hub in the world. As such, it's no wonder many tech icons such as Uber, Twitter and Google have established offices in Amsterdam. The city is also said to be particularly strong in gaming, fintech and 3D printing startups.
Fantastic investment opportunities for startups
Furthermore, the Financial Times notes that government support has helped to increase the opportunities for promising startups to receive funding. The first results are already visible as Amsterdam-based payment startup Adyen recently secured $250 million (around €215 million) in funding from investors, who valued the company at €1.3 billion. Other examples of Amsterdam-based startups that have recently been funded by investors include TravelBird and Peerby.
Easy access to global markets
The domestic market here is relatively small, forcing many companies to take an international approach from the start. Luckily, the rest of the world is never far away thanks to Amsterdam Airport Schiphol. From here, direct flights take you to more than 300 destinations worldwide and many of Europe’s main business destinations are reachable in two hours or less.