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Europe's tech ecosystem is feeling the impact - positive and negative - of macro events

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Europe's tech community views the UK's triggering of Article 50 as the most material event of the past 12 months

Which event of the past 12 months has had the most material impact - positive or negative - on Europe's tech ecosystem?

More than any other event, the Brexit process is singled out for its impact on the European tech ecosystem

52%
of survey respondents cited the triggering of Article 50 as the most material event to have impacted the European tech industry in the past 12 months
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Europe's tech community is feeling the impact of Brexit in different ways

How, if at all, has the UK triggering Article 50 to start the Brexit process impacted your company?

How, if at all, has the UK triggering Article 50 to start the Brexit process impacted your company?
Note:
Respondents that selected 'the UK triggering Article 50 to start the process of exiting the EU' only
Source:
Quid, The State of European Tech Survey 2017

The ongoing uncertainty caused by the Brexit vote and exit process is impacting hiring, fundraising and office location decisions

How, if at all, has the UK triggering Article 50 impacted your company?

Meanwhile, in France, Macron's electoral victory has injected huge optimism into the French ecosystem, creating a renewed sense of entrepreneurial spirit

How, if at all, has the election of Emmanuel Macron impacted your company?

There was a lot of self-bashing in France, lots of people saying that “it is much better in the West - especially in the tech ecosystem, it is much better in Silicon Valley, it is better in London, and so on.” We were kind of self-hating on ourselves. I thought it was a generation thing, and it would take a long time to make that shift. But that happened overnight with Macron being elected. The day after he got elected there was no-one complaining in France, there was a new burst of positivity in the country.

Romain Lavault

  • Partech Ventures

These events have had a significant impact on the perception of founders and investors. The UK is the only country in Europe where more founders think it's got harder to raise capital compared to 12 months ago

In your opinion, is it easier or harder to raise venture capital in Europe than it was 12 months ago?