Startups can happen anywhere, such as in a college dorm or in a basement, and without a great deal of capital. There are many cities have been home to startups that have helped not only the company, but it’s community as well. In Europe, for example, there has influx of new companies, such as GetJar, LogMeIn and Shapeways. Below are some European startup hubs for entrepreneurs.
- Vilnius, Lithuania. After having received its independence from Soviet Union, this Baltic State has made leaps and bounds in becoming economically strong. It is very startup friendly with its short turnaround time for company registration and has legislation put in place to help businesses thrive. In fact, Vilnius Tech Park is the largest startup hub in not just the Baltic States, but in the Nordic countries as well per Start Up Lithuania.
- Tallinn, Estonia. This is another Baltic State that loves startups, and notably known for Skype. Non-EU nationals can take advantage of the Estonian Startup Visa Program, which allows them to move to Estonia and start a business (or work for a startup). And it has been named one of the best cities for millennials to start businesses by Intelligent Community Forum.
- Lisbon, Portugal. This tourist location has come a long way since the Eurozone crisis. It has emerged as a prominent startup hub due to an English-speaking workforce and startup funding from various venture capital companies, such as Faber Ventures, EggNest and Portugal Ventures.
- Eindhoven, Netherlands. This bustling high tech and design hub has many startup success stories. It is home to the High Tech Campus, which consists of 160 companies (e.g. Philips) and 11,000 tech researchers, developers and entrepreneurs from 80 countries. This city thrives on innovation and has the resources to support a startup ecosystem.
- Zurich, Switzerland. As the largest city in Switzerland, Zurich is far from neutral when it comes being a tech startup hub. It’s strong economy, exceptional transportation infrastructure and high quality of life (e.g. a major investment in education) make it a much sought after place for startups. Notable startups include Knip, Trekksoft and Uepaa!
- Dublin, Ireland. Some may be surprised that this city made the list, but it’s known for having the capital for startups, particularly in travel tech. It still has a ways to go to be a tech hub, but it makes up for it with the mentoring offered to entrepreneurs as well as providing a entrepreneur culture.