00:00Where in Europe are scale-up companies performing best?
00:07New companies in Europe are expanding rapidly.
00:10Between 2023 and 2024, scale-ups in Latvia, Portugal and Greece saw the best performances,
00:16growing the most in the EU, especially in the number of employees,
00:20while Ireland, Luxembourg and Estonia registered the biggest drops.
00:24This is according to the latest data from the European Scale-Up Institute.
00:28A scale-up is a company that has passed its initial startup phase and entered a period of rapid and
00:33sustainable revenue.
00:35The European Scale-Up Institute also took a look at which industry scale-ups were performing the best in.
00:41Agriculture and fishing saw the biggest growth between 2023 and 2024.
00:46Over the past five years, Spain, Italy and Portugal occupied the top positions
00:51in the performance of most categories of companies and allies,
00:54a significant shift from the pre-pandemic era when Nordic and Western countries typically led.
01:01Information and communication, support services and electricity, gas and steam
01:05are the three top industries where scale-ups are growing the most.
01:10The electricity and gas industry registered the steepest upward trajectory between 2020 and 2024,
01:16due to the EU's energy transition.
01:18Last year, the EU announced a 5 billion euro initiative designed to empower the continent's
01:24most innovative deep-tech scale-ups.
01:26However, the first investments are set to be made this autumn.
01:29you know what to do, this is the interwar and the EU's energy transition
01:29values for the EU's energy transition.
01:30However, there is a number of investors into the UK
01:30The European Union is only the European Union to be made this.
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