EE Times Europe – Silicon 100: 18 European startups to watch
The EE Times Silicon 100, now in its 22nd edition, lists 100 electronics and semiconductor startups and identifies trends and technology developments that hold promise for the future. Europe is well represented with 18 startups.
The ecosystem of European startups
The European startup ecosystem has been exposed to major crises over the past two years, but early signs indicate that it has weathered the storm.
In a December report, London-based venture capital firm Atomico estimated that total investment in Europe’s tech industry reached US$100 billion in 2021, a record high for Europe, with 100 new unicorns and seed-stage seed pipeline funding. now on par with the US Europe lacks large venture capital funds ready to underwrite high-value deals, unlike the US and China, but the trend continues in the right direction in all four corners of the continent.
Quantonation Ventures, an early-stage venture capital fund dedicated to deep physics and quantum physics startups, announced this week the final closing of its first fund dedicated to quantum technologies at 91 million euros, exceeding its initial target of 50 million. euros. Founded in 2018, Quantonation has invested in 20 startups to date, including spinouts from leading European universities and research institutes (e.g. Ecole Polytechnique, Ecole Normale Supérieure, Institut d ‘Optics, Oxford University). Quantonation Ventures is now launching the Quantum Opportunity Fund to support scale-ups from European quantum startups.
The semiconductor environment has also become more political.
Faced with the shortage of chips, European leaders have pleaded for strategic autonomy and technological sovereignty. The European Commission presented its digital compass in March 2021, then announced the Industrial Alliance on processor and semiconductor technologies and unveiled the European Chips Act in February 2022. These successive initiatives aim to put semiconductors back drivers at the heart of the European technological race.
On July 5, the European Commission adopted a New European innovation agenda to harness innovation, support the creation of start-ups and “position Europe as a leading player on the global innovation stage”.
The New innovation program intended to:
- Improving access to finance for European startups and scale-upsfor example by mobilizing untapped sources of private capital and simplifying listing rules
- Improving conditions to allow innovators to experiment with new ideas through regulatory sandboxes
- Contribute to creating “regional valleys of innovation” that will strengthen and better connect innovation actors across Europe, including in lagging regions
- Attracting and retaining talent in Europefor example, by training 1 million deep tech talents, increasing support for women innovators and innovating with stock options for employees of startups
- Improving the policy framework through clearer terminology, indicators and datasets, as well as policy support to Member States
Silicon 100: the class of 2022
The EE Times Silicon 100 22nd Revision is the third to include an expanded list of 100 emerging electronics and semiconductor startups. It includes about one-third newcomers and about two-thirds successful startups from the previous year’s list. This year, 69 companies were selected from the previous Silicon 100 list and 31 startups were recruited. The size of the cohort of new arrivals is increasing: it was 29 in 2021 and 28 in 2020.
EE Times has been publishing and updating the Silicon 60 since April 2004, reflecting corporate, business, technology and market conditions. The latest batch of newcomers includes companies active in energy harvesting, wide bandgap materials, power management, edge AI, neuromorphic and quantum computing, and security.
Peter Clarke, who has compiled and curated EE Times’ Silicon 100 list since its inception, tracks the sectors attracting the most VCs and entrepreneurs and the regional dynamics supporting innovation.
Again this year, Europe is well positioned with 18 startups in market segments such as AI, RISC-V processors, energy harvesting, IoT, MEMS and sensors, neuromorphic computing and quantum and GaN-based power devices.
In his analysis, Clarke commented: “The 18 European companies include a jump to Germany, which now hosts three Silicon 100 startups, on par with France. Meanwhile, the usually fertile Republic of Ireland has lost its former Silicon 100 players.”
The Silicon 100 is the “who’s who and who does what” in the global electronics and semiconductor industries. Has your favorite European startup been selected? Discover now.