DIGITAL ENTREPENEURSHIP INDEX FOR THE EUROPEAN CITIES

Transcription

1 DIGITAL ENTREPENEURSHIP INDEX FOR THE EUROPEAN CITIES CITIES & ECONOMY FORUM Bilbao, 2016 Jorge Sicilia and Tomasa Rodrigo

2 GDP per capita (USD PPP) DIGITAL ENTREPENEURSHIP INDEX FOR EUROPEAN CITIES NOVEMBER 2016 EVOLUTION OF THE URBAN LANDSCAPE Why are cities important in Europe? INCREASING ROLE OF CITIES IT STILL MATTERS IN EUROPE! LEVEL OF URBANIZATION AND GDP PER CAPITA IN EUROPE IN Norway Ireland Denmark United Kingdom Slovenia Portugal Germany Spain Belgium Bosnia and Herzegovina Albania Croatia Moldova Romania Urban population (% of total) Advanced Europe Estonia Armenia Latvia Developing Europe City population: 10 mill or more 5 to 10 mill 1 to 5 mill to 1 mill Why? What next? Source: BBVA Research, UN and WB 2

3 IN THE SEARCH OF AN INDEX Entrepreneurship & capital WHAT IS IT ALREADY AVAILABLE? WHAT DO WE THINK WE NEED? Qualitative indexes Quantitative index More focused on countries At city level Small role of digital Strong digital block Lack of data driven analysis Focused on surveys Data driven analysis Alternative sources (including Big Data) The evolution of digital technologies has transformed the business landscape. There are new key drivers to promote economic growth and development 3

4 BBVA Research Digital Entrepreneurship Index for European cities COMPONENTS OF THE INDEX INCLUDED CITIES IN THE ANALYSIS Entrepreneurial culture and attitudes Digitalization Financing Skills and business environment Life quality and infraestructures Dublin London Cambridge Oxford Lisbon Bilbao Madrid Amsterdam Rotterdam Brussels Luxembourg Paris Barcelona Stockholm Copenhagen Hamburg Berlin Cologne Munich Prague Vienna Bratislava Stuttgart Ljubljana Budapest Milan Zagreb Roma Valletta Warsaw Helsinki Tallinn Riga Vilnius Sofia Athens Bucharest Nicosia 4

5 BBVA Research Digital Entrepreneurship Index for European cities: Results ENTREPRENEURSHIP DIGITAL INDEX RANKING AND GDP PER CAPITA IN EUROPEAN CITIES, London Paris 0.7 Amsterdam Helsinki 0.6 Stockholm Rotterdam Copenhagen 0.5 Berlin Dublin Brussels Cambridge 0.4 Madrid Oxford Hamburg Munich Cologne Stuttgart 0.3 Bilbao Barcelona Lisbon Vienna Milan Luxembourg 0.2 Riga Rome Prague Warsaw Vilnius Budapest 0.1 Sofia Zagreb Bucharest Bratislava 0 Valletta Athens Source: BBVA Research and WB 5

6 BBVA Research Digital Entrepreneurship Index for European cities: Components Digital Entrepeneurship Index 1 London 2 Paris 3 Amsterdam 4 Helsinki 5 Stockholm 6 Copenhagen 7 Rotterdam 8 Berlin 9 Dublin 10 Brussels 11 Hamburg 12 Cambridge 13 Munich 14 Oxford 15 Madrid 16 Stuttgart 17 Barcelona 18 Bilbao 19 Luxembourg 20 Cologne 21 Vienna 22 Milan 23 Prague 24 Lisbon 25 Nicosia 26 Riga 27 Budapest 28 Warsaw 29 Tallinn 30 Vilnius 31 Rome 32 Bucharest 33 Sofia 34 Ljubljana 35 Bratislava 36 Zagreb 37 Valletta 38 Athens Weights in the index Entrepeneurial culture and attitudes 1 London 2 Paris 3 Copenhagen 4 Amsterdam 5 Helsinki 6 Stockholm 7 Berlin 8 Oxford 9 Brussels 10 Dublin 11 Madrid 12 Cambridge 13 Barcelona 14 Bilbao 15 Luxembourg 16 Rotterdam 17 Munich 18 Hamburg 19 Stuttgart 20 Nicosia 21 Prague 22 Cologne 23 Milan 24 Vienna 25 Riga 26 Tallinn 27 Budapest 28 Sofia 29 Rome 30 Warsaw 31 Lisbon 32 Bucharest 33 Vilnius 34 Zagreb 35 Bratislava 36 Ljubljana 37 Athens 38 Valletta Digital 1 London 2 Helsinki 3 Amsterdam 4 Paris 5 Stockholm 6 Copenhagen 7 Rotterdam 8 Brussels 9 Oxford 10 Cambridge 11 Munich 12 Berlin 13 Dublin 14 Cologne 15 Hamburg 16 Luxembourg 17 Vienna 18 Madrid 19 Barcelona 20 Bilbao 21 Stuttgart 22 Nicosia 23 Milan 24 Riga 25 Tallinn 26 Prague 27 Bratislava 28 Ljubljana 29 Vilnius 30 Lisbon 31 Budapest 32 Zagreb 33 Warsaw 34 Valletta 35 Bucharest 36 Sofia 37 Rome 38 Athens Financing 1 London 2 Paris 3 Copenhagen 4 Berlin 5 Hamburg 6 Munich 7 Stockholm 8 Helsinki 9 Amsterdam 10 Dublin 11 Rotterdam 12 Brussels 13 Oxford 14 Cambridge 15 Madrid 16 Luxembourg 17 Barcelona 18 Cologne 19 Stuttgart 20 Bilbao 21 Vienna 22 Lisbon 23 Warsaw 24 Budapest 25 Milan 26 Prague 27 Nicosia 28 Bratislava 29 Rome 30 Valletta 31 Ljubljana 32 Vilnius 33 Tallinn 34 Athens 35 Riga 36 Bucharest 37 Zagreb 38 Sofia Skills and business environment 1 London 2 Copenhagen 3 Stockholm 4 Helsinki 5 Amsterdam 6 Paris 7 Luxembourg 8 Stuttgart 9 Cambridge 10 Berlin 11 Munich 12 Dublin 13 Rotterdam 14 Brussels 15 Hamburg 16 Madrid 17 Oxford 18 Barcelona 19 Milan 20 Bilbao 21 Cologne 22 Prague 23 Vienna 24 Nicosia 25 Warsaw 26 Bucharest 27 Tallinn 28 Budapest 29 Ljubljana 30 Vilnius 31 Lisbon 32 Rome 33 Valletta 34 Bratislava 35 Athens 36 Riga 37 Sofia 38 Zagreb Life quality and infraestructures 1 London 2 Amsterdam 3 Stockholm 4 Helsinki 5 Paris 6 Berlin 7 Copenhagen 8 Dublin 9 Rotterdam 10 Hamburg 11 Luxembourg 12 Cambridge 13 Stuttgart 14 Oxford 15 Munich 16 Brussels 17 Cologne 18 Vienna 19 Lisbon 20 Madrid 21 Nicosia 22 Barcelona 23 Bilbao 24 Rome 25 Warsaw 26 Prague 27 Riga 28 Milan 29 Tallinn 30 Budapest 31 Zagreb 32 Sofia 33 Bucharest 34 Vilnius 35 Bratislava 36 Ljubljana 37 Athens 38 Valletta

7 Digital Entrepeneurship Index DIGITAL ENTREPENEURSHIP INDEX FOR EUROPEAN CITIES NOVEMBER 2016 BBVA Research Digital Entrepreneurship Index for European cities: Policy making DIGITAL ENTREPRENEURSHIP INDEX AND POLICY INITIATIVES TO FOSTER ENTREPRENEURSHIP IN THE EUROPEAN CITIES IN Challenges Stockholm Copenhagen London Paris Helsinki Front runners Amsterdam Dublin Rotterdam Berlin Hamburg Oxford Cambridge Brussels Stuttgart Munich Madrid Luxembourg Cologne Bilbao Vienna Lisbon Prague Milan Barcelona Riga Nicosia Rome Budapest Warsaw Vilnius Tallinn Ljubljana Sofia On the Bucharest Bratislava Zagreb tail Builders Valletta Athens Policy initiatives for technology, innovation and entrepreneurship There has been an increasing awareness by policymakers of the importance of innovation and entrepreneurship over the last years Already leading cities continue pushing forward Barcelona, Rotterdam and Brussels are doing more than others to catch up Source: BBVA Resarch, Citie project and European Digital Forum 7

8 ANNEX

9 ANNEX Composition: indicators and weights Entrepreneurial culture and attitudes Digitalization Financing Skills and business environment Life quality and infraestructures Risk acceptance New-business density Perception of entrepreneurship Engagement with digital startup ecosystem Networking and mentoring events Trust score Cost of broadband Number of fibre-to-thehome/building Internet subscriptions e-commerce use Internet frequency access Social networks Internet banking e-government Digital index tone Early-stage funding as % GDP Later-stage funding as % GDP Average funding Funding innovation media tone Availability of crowdfunding Tertiary Education % ICT employees % Finance/Insurance employees English language skills Ease of doing business Number of shared working spaces Public sector information score Quality of life index score Cost of living score Quality of public transport Infrastructure Satisfaction 9

10 ANNEX Data description: Entrepreneurial culture and attitudes Variable Description Source Coverage Year Risk acceptance Percentage of people who tend to disagree or totally disagree with the following statement: One should not start a business if there is a risk it might fail. Eurobarometer Entrepreneurship in the EU and beyond NUTS2 level 2014 New-business density New firms registrations per 1,000 people ages World Bank National level 2014 Perception of entrepreneurship Engagement with digital startup ecosystem Networking and mentoring events Trust score Media perception of entrepreneurship themes included in the World Bank taxonomy Media coverage of entrepreneurship themes included in the World Bank taxonomy/ Number of tweets with hashtag entrepreneurship Media coverage of mentoring included in the World Bank taxonomy/number of networking events per month Median response to the question: Generally speaking, would you say that most people can be trusted, or that you could not be too careful in dealing with people? GDELT City level 2015 GDELT/ FollowtheHashtag City level 2015 GDELT/ meetup City level 2015 Eurobarometer NUTS2 level

11 ANNEX Data description: Digitalization Variable Description Source Coverage Year Cost of broadband Fixed broadband subscription cost ITU National level 2015 Number of fibre to the home/building Internet subscriptions Availability of fibre with respect to the total building internet subscriptions ITU National level 2015 e-commerce use Internet daily frequency access Percentage of individuals who ordered goods or services over the Internet Eurostat NUTS2 level 2015 Percentage of individuals who use internet every day Eurostat NUTS2 level 2015 Social networks use Percentage of individuals participating in social networks (creating user profile, posting messages or other contributions to facebook, twitter, etc.) Eurostat NUTS2 level 2015 Internet banking use Percentage of individuals who used the internet banking Eurostat NUTS2 level 2015 e-government Digital index tone Percentage of individuals who used the internet for interaction with public authorities Media perception of themes related with digital economy, fintech and digital regulation Eurostat NUTS2 level 2015 GDELT City level

12 ANNEX Data description: Financing Variable Description Source Coverage Year Early-stage funding Amount of seed and startup funding raised as % GDP European Private Equity and Venture Capital Association Later-stage funding Amount of later-stage funding raised as % GDP European Private Equity and Venture Capital Association Average funding Average funding raised as % GDP European Private Equity and Venture Capital Association City level 2013 City level 2012 City level 2015 Funding innovation media tone Media coverage of funding innovation included in the World Bank taxonomy GDELT City level 2015 Availability of crowdfunding Financed projects by Kickstarter Kickstarter City level

13 ANNEX Data description: Skills and business environment Variable Description Source Coverage Year Tertiary Education Percentage of population with tertiary education Eurostat NUTS2 level 2015 % ICT employees Percentage of employees in ICT sector Eurostat NUTS2 level 2015 % Finance/Insurance employees Percentage of employees in Finance/Insurance sector Eurostat NUTS2 level 2015 English language skills Percentage of population who can speak English Eurostat NUTS2 level 2014 Ease of doing business Ease of doing business ranking World Bank National level 2015 Number of shared working spaces Number of co-working spaces in the city GoodCoworking City level 2015 Public sector information score Public Sector Information scoreboard and the status of Open Data European Comission National level

14 ANNEX Data description: Life quality and infraestructures Variable Description Source Coverage Year Quality of life score Overall quality of life Eurostat City level 2015 Cost of living score Quality of public transport Indicator of consumer goods price including groceries, restaurants, transportation and utilities 'Percentage of people who answered "very satified" or "rather satisfied" to the question: "Generally speaking, please tell me if you are very satisfied, rather satisfied, rather unsatisfied or not at all satisfied Public transport, for example the bus, tram or metro" Numbeo City level 2012 Eurostat City level 2014 Infrastructure Satisfaction Overall satisfaction with infrastructure in cities Eurostat City level

15 DIGITAL ENTREPENEURSHIP INDEX FOR THE EUROPEAN CITIES CITIES & ECONOMY FORUM Bilbao, 2016 Jorge Sicilia and Tomasa Rodrigo