Explosive growth in the number of startups that turn into a scale-up
The number of startups that grows into a fast-growing company – or scale-up – grows immense, on the other hand, the growth of established companies is lagging behind. This is one of the conclusions of the Scale-up Dashboard 2017 produced by Erasmus Centre for Entrepreneurship (ECE), a part of the Rotterdam School of Management, Erasmus University (RSM). The Scale-up Dashboard is a yearly research on fast-growing companies in the Netherlands led by prof.dr. Justin Jansen, Academic Director of ECE and Professor of Corporate Entrepreneurship at RSM.
A fast-growing company – or scale-up – is a company with a minimum of 10 employees or a revenue of 5 million that grows with at least 20 percent per year for three consecutive years. The most important findings of the Scale-up Dashboard 2017 are as following:
- The number of scale-ups in the Netherlands has increased to 3,237. This is an increase of 5.4 % over the last year.
- Scale-ups have created 39,000 jobs in the Netherlands over the past three years.
- There is an explosive increase in the number of startups able to develop into scale-ups. Only 98 startups developed into scale-ups in 2014, but this number more than tripled to 331 in 2016: an increase of about 220 %. Today, one in ten scale-ups in the Netherlands originates from a startup.
- An increasing number of companies in the Netherlands is showing hardly any growth, or none at all. Moreover, almost 33 % of Dutch companies are actually shrinking.
Prof.dr. Justin Jansen explained more about the research on BNR early this morning; listen it back here. Also prince Constantijn van Oranje, special envoy of StartupDelta, talked about scale-ups in the Netherlands and this research on BNR later today; relisten it here.
The download the full Scale-up Dashboard 2017 and more info about this research: www.scaleupdashboard.com
Het FD: https://fd.nl/ondernemen/1228691/aantal-snel-groeiende-start-ups-sterk-gestegen
BNR (incl. radio fragments with prof.dr. Justin Jansen and Prince Constantijn van Oranje): https://www.bnr.nl/nieuws/ondernemen/10334286/meer-startups-worden-scale-ups
Het FD: https://fd.nl/economie-politiek/1228696/kopgroep-van-startups-groeit-door-naar-miljoenenbedrijf
De Telegraaf: http://www.telegraaf.nl/financieel/1316547/meer-starters-worden-miljoenenbedrijf
Het FD: https://fd.nl/economie-politiek/1229284/constantijn-haal-makkelijker-buitenlands-personeel-voor-start-ups
Sprout: https://www.sprout.nl/artikel/nieuwsupdate/hackermiljonair-start-investeringsfonds-dj-zet-eigen-facebook-op (nr. 2)
Business Insider: https://www.businessinsider.nl/10-belangrijke-dingen-23-november-2017/ (nr. 2)
RTV Rijnmond: https://www.rijnmond.nl/nieuws/161725/Steeds-meer-start-ups-groeien-uit-tot-miljoenenbedrijf
Reformatorisch Dagblad: https://www.rd.nl/vandaag/economie/meer-startups-worden-snelgroeiend-bedrijf-1.1447982