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GLOBALOUTLOOK TECHCITIESOFTHEFUTURE


FDI projects in 2020, attracting 366 projects during the year. In a record-setting year for ven-


ture capital funding, according to Dealroom.com, London tech firms raised $10.5bn in 2020, which accounted for a quarter of all Euro- pean tech funding for the year. Bene- ficiaries include Revolut, Monzo, Arrival and Deliveroo. The latter also chose London for its initial public offering in March 2021. The UK capital continues to be a


world-class hub for innovation, tak- ing first place in the Innovation & Attractiveness category. Within this category, according to data from the US Patent and Trademark Office, London shone with nearly 7000 patents in software and more than 150 in artificial intelligence registered in the city between 2003 and 2020, more than any other city in the ranking. Moreover, the UK capital also


hostsmore than 370,000 students and seven of the top 500 universities in computer science and engineer- ing, according to the QSWorld Uni-


TOP FIVE EUROPEANDESTINATION CITIES BYNUMBER OF PATENTS IN SOFTWARE (2003-2020)


1000 2000 3000 4000 5000 6000 7000 8000


0 London Munich Cambridge Paris Stockholm Source: US Patent and Trademark Office


TOPFIVEEUROPEANDESTINATIONCITIESBYNUMBEROF SOFTWARE&ITSERVICEFDIPROJECTS,2016-2020


200 400 600 800 1000 1200


0 London 30 Paris Berlin Dublin Amsterdam Source: fDi Markets 60


versity Rankings, highlighting Lon- don’s attractiveness as a city for skilled talent. As a global financial centre, Lon-


THENUMBEROF JOBS CREATED BY DELL TECHNOLOGIES’ EXPANSION OF ITS PARISR&DOPERATIONS


don offers start-ups a host of financ- ing options, ranging from venture capital funds and angel investors to crowdfunding platforms and banks. London reflected this with a


remarkable performance in the Start-up Environment category. Fig- ures fromDun&Bradstreet show the city boastsmore than 80,000 companies in software and IT ser- vices, nearly double the number of companies found in any other Euro- pean location in the ranking.


R&DHub(Paris) Paris ranked second overall in fDi x TNWTech Cities of the Future 2021 ranking. Once again, the French cap- ital demonstrated a strong perfor- mance across multiple categories. Paris fared particularly well in the FDI Performance category. According to fDi Markets data, the city attracted 495 projects in the soft- ware and IT services sector between January 2016 and December 2020, second only to London in Europe in the period. These projects included the likes


of Ericsson, which opened its first R&D centre in the Paris region, with the aims of accelerating 5G dynam- ics within Europe, and Dell Technol- ogies,which expanded its R&Doper- ations into the French capital, creat- ing 60 jobs in the process. Paris also excelled in the Innova-


tion&Attractiveness category. According to the QSWorld Univer- sity Rankings, the French capital hosts four of the top 500 universities in electrical and electronic engineer- ing and five universities in the top 500 universities for computer sci- ence and engineering. TheWorld Bank Doing Business


Report states that France provides minimal start-up obstacles, with only four days required to start a business. Along with the multitude of incen- tives and support schemes in place to assist businesses, Paris remains a desirable proposition for European entrepreneurs and tech start-ups.


ContinuedPotentialand Performance (Dublin) Dublin places third in the study for a second consecutive year. The Irish capital ranked third in the Economic Potential category, with Ireland


www.fDiIntelligence.com August/September 2021


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