Monday, 12 August 2013

Innovation, Indicators for Growth in High Tech Industry

Hopping on my twitter feed today, I came across about a web summit which is going to take place 30-31 October, on which private innovative ideas from 52 countries around the globe will be presented, (for more details you can follow the link here).

Among a lot of interesting things that someone can examine about this summit ( which is told from big companies, "an opportunity to discover the next Facebook or Twitter", is to have a look on the origin of these start-ups, in order to discover the countries presence. The leading positions for the origin of these start-ups is an interesting thing to examine, as well as the portion that specific EU countries will have on this summit. These specific countries can be the ones that are currently impacted by the financial crisis which are under special agreements (memorandums), struggling to recover from the negative growth numbers in order to achieve steady growth in the mid and long term.  These are Spain, Portugal, Cyprus and Greece.


First on this summit list the leading position is for United Kingdom with almost 12% out of the presented start-ups (188 in total), 24 originate from UK. On the second place, follows Italy with 16 start-ups present, (which is impacted as well by the financial crisis) and then Netherlands on the third position, with 10 start-ups.

As said in the introduction of this post, special interest and examination can be shown for the countries that are affected by the Financial crisis in the EU, in pursue for growth. These EU countries are Greece, Cyprus, Spain and Portugal, all of them under strict measures with special agreements (Memorandums) with EU, ECB and IMF in order to achieve financial stability and eventually growth in the long term.

The leading position out of these four countries is for Spain with 8 start-ups present (almost 4% of the total presences in this summit list), Greece and Portugal follow with equal presences, four, and then is Cyprus with 3 presences, 1,60% of the overall presences in the announced summit for the end of October.

Start-ups that will be present from Greece:

  • juengo.gr
  • radiojar.com
  • socialgreenproject.com
  • workable.com


Start-ups that will be present from Cyprus:

  • calendize.com
  • funifi.com
  • booknbloom.com


For those two specificc EU countries these are definitely initiatives that can show the way for growth in an industry with great competition in a global scale.

For more details please visit the site for the Web Summit here.

I have created a graphical representation with the distribution of the 188 start-ups, grouped per origin country, which can be found below.


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