Money is pouring into European tech startups but a fierce battle is being fought over the recruitment of talent, involving France, the Netherlands and Germany, according to the study "State of European Tech" 2017 of the fund of European venture capital Atomico, unveiled at its Slush event in Helsinki.
In 2017, the report indicates that $ 19 billion will have been invested in tech, or $ 4.6 billion more than in 2016. There are now 41 companies founded since 2003 in the club of companies valued at more than one billion dollars. 'euros, says Atomico.
In the rounds, more than 50 involved more than 50 million euros worth of transactions, including Actility, Showroomprivé and ManoMano in France.
With 753 transactions already concluded in 2017, France exceeded for the first time the United Kingdom on the number of transactions concluded per year.
"While Europe is remarkably absent from the world's top 10 companies, the likelihood that the next industrial company can come from Europe has never been so high," said Tom Wehmeier, partner and head of research at Atomico. , quoted in a statement.
Nearly 200,000 developers in Paris
As a direct result of this prediction, the central question is the recruitment of the best profiles. On this criterion, Europe is also particularly well supplied. According to an OECD study, Europe produces twice as many doctoral graduates in science, technology, engineering and mathematics (STEM) as the US and there are now 5.5 million professional developers in companies in Europe, 17% more than in 2016.
"A 'royal battle' is being formed as more and more entrepreneurs look for good talent, tech giants open offices on the continent and more and more companies are investing in technology," explains Tom Wehmeier,
According to Atomico - which gathered data from several partners (LinkedIn, Meetup, Stack Overflow, etc.) and interviewed more than 1000 founders of startups - there are three countries that are particularly offensive on this point: Germany, France and the Netherlands.
All three want to take advantage of Brexit, the fate of foreign workers in tech in the United Kingdom remains uncertain at this stage. London is today the first place for techies - European and non-European - who would be more than 300,000 in the English capital according to Stack Overflow.
But the UK has lost market share compared to other European destinations since 2016.
Here are the key figures in this report on tech talent:
France: + 6% of developers in one year. There are 181,700 developers in Paris.
Germany: + 18% of developers in one year.
Regarding European migrant workers in tech: France saw its share go from 8.6% to 9.1% between 2016 and 2017.
Regarding European migrant tech workers: Germany saw its share rise from 12.4% to 13.8% in one year.
Regarding non-European migrant workers in tech: France saw its share increase from 10.7% to 12.1% between 2016 and 2017.
The median salary of a software engineer in Paris is now 50,600 dollars (42,600 euros approximately). In Berlin, it is 59,700 dollars (50,350 euros) and London 54,800 dollars (46,200 euros).
With these findings, startups are elbowing to find these talents of tomorrow, still unknown to the competition, especially from Central and Eastern Europe. The Czech Republic, Bulgaria and Hungary are so well known for their researchers and mathematicians in artificial intelligence as we confided in a recent interview the former Minister of Culture in France and now at the head of the fund Korelya, Fleur Pellerin .
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