21 European scale-ups nominated for DIGITALEUROPE’s Future Unicorn Award 2021
Today, DIGITALEUROPE presented its shortlist of nominees for the DIGITALEUROPE Future Unicorn Award, which every year showcases Europe’s most promising scale-ups.
The 21 nominees – which include innovative young companies working in digital health, renewable energy, cloud computing, fintech and more – hail from all four corners of our continent and show the diversity of European innovation.
The winner will be announced at Masters of Digital, DIGITALEUROPE’s flagship annual conference, held online this year on 3 and 4 February 2021.
“Today, only 12 per cent of the world’s unicorns are from Europe” said Cecilia Bonefeld-Dahl, Director-General of DIGITALEUROPE. “This is nowhere near enough. At DIGITALEUROPE, we believe that at least a quarter of the world’s fastest-growing, most innovative companies should be European. Together with our national associations, we have gathered an impressive shortlist of the most brilliant start-ups across Europe. These are the companies that have what it takes to grow and become the next European unicorn.”
The Future Unicorn Award is a collaboration between national trade associations affiliated with DIGITALEUROPE. Each national association nominates one small company from their country that has the potential to become Europe’s next digital leader. The Award is now being held for the fourth year in a row and is a testimony of the vital importance of SMEs in Europe and the wider digital ecosystem.
DIGITALEUROPE’s Future Unicorn Award nominees make up a pan-European selection of 21 outstanding digital companies from a variety of sectors – including e-health, fintech and energy – and cover 17 countries.
The winner will be announced at Masters of Digital during a ceremony on 4 February 2021. This year’s edition, for the first time held online, has already top EU leaders as confirmed speakers, including President of the European Commission Ursula von der Leyen.
In DIGITALEUROPE’s How to spend it: A digital investment plan for Europe, one of our success target for a stronger digital Europe is the continent being home to 25 per cent of the world’s unicorns. A unicorn is a privately held company less than ten years old that is valued at over $1 billion.
In the digital economy, a company’s value largely comes from the data it gathers and its ability to take advantage of network effects. Because of this, unicorns are a meaningful indicator of which companies can rapidly scale and potentially become market leaders in Europe and globally.