Britain ranks 6th in providing good environment for digital start-ups: index

LONDON, March 28 (Xinhua) -- Britain comes in sixth place in the European Index of Entrepreneurship Systems (EIDES), which was released on Thursday by the Imperial College Business School.

The EIDES ranks the 28 European countries according to the level of Digital and non-Digital entrepreneurial infrastructure in each country.

It provides insight into both general framework conditions that affect all businesses, as well as specific, or "systemic" framework conditions that directly impact stand-up, start-up, and scale-up ventures.

Denmark offers the best conditions for Digital start-ups, the index showed. Denmark was closely followed in the rankings by Sweden, Luxembourg and Finland, which all scored highly for providing optimum conditions for Digital entrepreneurs.

Although Britain has some amazing hotspots for Digital entrepreneurs, notably the "Silicon Roundabout" in London, those in the regions are still struggling to make an impact with their businesses, as they lack the resources and infrastructure needed to succeed, said Professor Erkko Autio, Chair in Technology Transfer and Entrepreneurship at Imperial College Business School.

The country will need to find a way to bridge this divide to bring more regions up to speed if Britain based Digital entrepreneurs are to successfully compete with those in other European countries after Brexit, said Autio.