Featured Article 15 Mar 2016

The EU start-up scoreboard was devised through a crowdsourcing exercise involving the national experts of 25 countries, most specifically looking at the outcomes of the StartUp Manifestowritten back in 2013.

The manifesto was a 22-action roadmap supported by nine of the leading European entrepreneurs – divided into 72 measurable actions to spur discussion on improving the start-up ecosystem and digital-era performance in the EU’s 28 member states.

In the manifesto, so far signed by thousands across Europe, there are six key pillars on which this recent scoreboard was defined.

Good showing from Ireland

These include an institutional framework, access to education and skills, available talent, amount of funding available, data protection standard and finally, digital leadership within a nation.

In the report, Ireland is shown to have adopted the recommendations in the manifesto at a rate of 72pc, compared with the EU average of 60pc, putting it in fourth place overall.

The Netherlands has been ranked first by the EDF with 85pc, followed by Italy (82pc) and the UK (77pc).

Croatia worst in Europe

The worst-ranked nation in the EU is its latest addition, Croatia, which has an adoption rate of the manifesto of just 32pc of its key targets since 2013.

In its focused explanation of Ireland’s ranking, the EDF cites Irish entrepreneurs’ demand for a start-up manifesto for the country as being a key factor, given Ireland’s hosting of  Startup Nations Summit this November, the first time it is to be held in Europe.

“Ireland’s start-up ecosystem seems to be at a phase of network growth where individual pockets of excellence are increasing in density and starting to connect with each other nationally,” says the report.

Need to move beyond words’

Despite Ireland ranking an adoption rate of 100pc in terms of digital leadership, it has only ranked 50pc in terms of access to talent, despite many of the major tech companies having their headquarters here.

Principal author of the report and director and co-founder of Open Evidence, an online consultancy firm, David Osimo, says: “On balance, Europe is making good progress in key areas. But many countries need to move beyond words.

“Policymakers need to take harder decisions to deliver more progress in areas that would make it easier for start-ups to scale up. And we need to involve the start-up community more directly in setting challenges – and monitoring progress.”

Colm Gorey

EU flag image via Shutterstock

This article was originally published on www.siliconrepublic.com and can be found at:

https://www.siliconrepublic.com/start-ups/2016/03/15/eu-start-up-scoreboard-ireland

Contact us

Contact IDA Ireland

You'll find us responsive to your needs, proactive, professional and willing to go the extra mile.

Contact IDA Ireland

International Offices

We have 28 Offices worldwide helping support companies expand their operations in Ireland.

Find your nearest office