Predictably, most EU-backed startups work in what the report calls physical tech, i.e.
producing tangible goods in the verticals such as spacetech, semiconductors, biotech, etc.
In these industries, the share of EU-backed startups ranges from 24% to 28%.
From Series A to Series D, EU-funded physical tech startups show a graduation rate thats 1-3 pp.
higher than for the rest of the industry.
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The problem is on the technology consumption level, he said.
Europe as a continent is a late adopter, especially on the enterprise side.
If youre a German startup, youre pretty okay selling to German enterprises.
The full report will be available in December you canpre-download it now.
