This statistic displays the developmental stage for startups in selected European countries, based on a survey of startups in 2018.In this year, Hungary had the most startups in the earliest stage of development, followed by Greece and Turkey. Startups that have reached the growth stage were most numerous in the United Kingdom, where they accounted for 47.8 percent of all startups in that country.
Distribution of startups in selected European countries in 2018, by development stage
The source adds the following information regarding methodology: "The data for the EU Startup Monitor 2018 was collected from February-May 2018 with an online survey directly targeted at founders and C-level employees of start-ups, in cooperation with many practitioner supporters, start-up associations and a variety of ecosystem stakeholders. All EU Member States were encouraged to participate and sufficient data was generated for 18 countries, so that the results present a comprehensive overview of the current startup landscape.
* The source added the following information about what the developmental stages mean in the 2016 report
Seed stage means the founders are in the process of idea generation and have not yet generated any revenue.
Startup stage implies the founders are on the verge of offering a marketable product/service and of generating first revenues and/or customer value.
Growth stage is defined as startups that have succeeded in creating a marketable product/service and have shown high sales/customer value growth.
Later stage indicates that the organization is an established player and/or are planning an exit through an initial public offering.
Steady stage startups are those with stagnating or even decreasing growth rates.
**The data for Austria has been generated in cooperation with the Austrian Startup Monitor. The presented values have not been included in the EU average due to a variance in results, caused by different cleansing criteria and in
some cases, additional sources of data.
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ESM. (November 21, 2018). Distribution of startups in selected European countries in 2018, by development stage [Graph]. In Statista. Retrieved November 30, 2023, from https://www.statista.com/statistics/879461/startup-stage-of-development-in-european-countries/
ESM. "Distribution of startups in selected European countries in 2018, by development stage." Chart. November 21, 2018. Statista. Accessed November 30, 2023. https://www.statista.com/statistics/879461/startup-stage-of-development-in-european-countries/
ESM. (2018). Distribution of startups in selected European countries in 2018, by development stage. Statista. Statista Inc.. Accessed: November 30, 2023. https://www.statista.com/statistics/879461/startup-stage-of-development-in-european-countries/
ESM. "Distribution of Startups in Selected European Countries in 2018, by Development Stage." Statista, Statista Inc., 21 Nov 2018, https://www.statista.com/statistics/879461/startup-stage-of-development-in-european-countries/
ESM, Distribution of startups in selected European countries in 2018, by development stage Statista, https://www.statista.com/statistics/879461/startup-stage-of-development-in-european-countries/ (last visited November 30, 2023)
Distribution of startups in selected European countries in 2018, by development stage [Graph], ESM, November 21, 2018. [Online]. Available: https://www.statista.com/statistics/879461/startup-stage-of-development-in-european-countries/