{"id":5991,"date":"2020-11-06T10:20:25","date_gmt":"2020-11-06T09:20:25","guid":{"rendered":"https:\/\/techleap-design.nl\/techleap\/?p=5991"},"modified":"2024-01-18T14:14:58","modified_gmt":"2024-01-18T13:14:58","slug":"the-dutch-economy-in-the-covid19-era","status":"publish","type":"post","link":"https:\/\/techleap.nl\/blog\/the-dutch-economy-in-the-covid19-era\/","title":{"rendered":"The Dutch economy in the Covid-19 era. Why we need startups and scaleups now more than ever"},"content":{"rendered":"\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-18hdufo-42582efc04ccaefb3e7a9c2d25e0749d\">\n.avia-section.av-18hdufo-42582efc04ccaefb3e7a9c2d25e0749d{\nbackground-color:#ffffff;\nbackground-image:unset;\n}\n<\/style>\n<div id='header-blog'  class='avia-section av-18hdufo-42582efc04ccaefb3e7a9c2d25e0749d alternate_color avia-section-default avia-no-border-styling  avia-builder-el-0  el_before_av_section  avia-builder-el-first  avia-bg-style-scroll container_wrap fullsize'  ><div class='container av-section-cont-open' ><main  role=\"main\" itemprop=\"mainContentOfPage\"  class='template-page content  av-content-full alpha units'><div class='post-entry post-entry-type-page post-entry-5991'><div class='entry-content-wrapper clearfix'>\n<div class='flex_column_table av-15qnqwk-dc06b6b044d63f8eb332b8f505120424 sc-av_one_half av-equal-height-column-flextable'><div  class='flex_column av-15qnqwk-dc06b6b044d63f8eb332b8f505120424 av_one_half  avia-builder-el-1  el_before_av_one_half  avia-builder-el-first  first flex_column_table_cell av-equal-height-column av-align-middle  '     ><p><div  class='av-post-metadata-container av-lo2zq90l-354b86db3de952e58d12a3ab68519c32 av-metadata-container-align-left  avia-builder-el-2  el_before_av_heading  avia-builder-el-first  av-metadata-container-1'><div class='av-post-metadata-container-inner'><span class=\"av-post-metadata-content av-post-metadata-meta-content\"><span class=\"av-post-metadata-content av-post-metadata-published\"><span class=\"av-post-metadata-published-date\" >November 6, 2020<\/span><\/span><\/span><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-117j6v8-145e57241ef50107dbe5feb49e1b29ba\">\n#top .av-special-heading.av-117j6v8-145e57241ef50107dbe5feb49e1b29ba{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-117j6v8-145e57241ef50107dbe5feb49e1b29ba .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-117j6v8-145e57241ef50107dbe5feb49e1b29ba .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-117j6v8-145e57241ef50107dbe5feb49e1b29ba av-special-heading-h1 blockquote modern-quote  avia-builder-el-3  el_after_av_post_metadata  avia-builder-el-last '><h1 class='av-special-heading-tag'  itemprop=\"headline\"  >The Dutch economy in the Covid-19 era. Why we need startups and scaleups now more than ever<\/h1><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><\/p><\/div><div class='av-flex-placeholder'><\/div><div  class='flex_column av-y8liwk-e0bbfca7a2272ea72a954823c9f13cd1 av_one_half  avia-builder-el-4  el_after_av_one_half  avia-builder-el-last  flex_column_table_cell av-equal-height-column av-align-middle  '     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-vvsyxg-a077ba2b430e5b7b227b3f43b453c17b\">\n.avia-image-container.av-vvsyxg-a077ba2b430e5b7b227b3f43b453c17b img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-vvsyxg-a077ba2b430e5b7b227b3f43b453c17b .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-vvsyxg-a077ba2b430e5b7b227b3f43b453c17b av-styling- avia-align-center  avia-builder-el-5  avia-builder-el-no-sibling '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" fetchpriority=\"high\" class='wp-image-5992 avia-img-lazy-loading-not-5992 avia_image ' src=\"https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/slice-17.png\" alt='' title='The Dutch economy in the Covid-19 era. Why we need startups and scaleups now more than ever'  height=\"1020\" width=\"1440\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/slice-17.png 1440w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/slice-17-300x213.png 300w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/slice-17-1030x730.png 1030w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/slice-17-768x544.png 768w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/slice-17-1020x723.png 1020w\" sizes=\"(max-width: 1440px) 100vw, 1440px\" \/><\/div><\/div><\/div><\/div><\/div><!--close column table wrapper. Autoclose: 1 -->\n\n<\/div><\/div><\/main><!-- close content main element --><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-u4ty9w-fa2cf5077c88f5a8f1e92e8be0ee90ad\">\n.avia-section.av-u4ty9w-fa2cf5077c88f5a8f1e92e8be0ee90ad{\nbackground-color:#ffffff;\nbackground-image:unset;\n}\n<\/style>\n<div id='content-blog'  class='avia-section av-u4ty9w-fa2cf5077c88f5a8f1e92e8be0ee90ad alternate_color avia-section-default avia-no-border-styling  avia-builder-el-6  el_after_av_section  avia-builder-el-last  avia-bg-style-scroll container_wrap fullsize'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-full alpha units'><div class='post-entry post-entry-type-page post-entry-5991'><div class='entry-content-wrapper clearfix'>\n<section  class='av_textblock_section av-tno0wk-19b821c824dfc5d44f6fb23273a6ef1e '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><div class=\"c\">\n<div class=\"c\">\n<div class=\"c\">\n<h4 class=\"opening-text\">As we are facing arguably one of the worst economic recessions, the importance of entrepreneurship has become even more apparent. As the Dutch GDP is expected to shrink by at least 5% in 2020, we need innovative solutions to restart our economy and create new jobs. What better than entrepreneurship to be the engine to ignite a new economic growth? Following our COL report written, together with Erasmus Centre for Entrepreneurship, we draw an overview of how Dutch startups and scaleups have been dealing with the crisis and explain how they can help us recover from it.<\/h4>\n<\/div>\n<div class=\"modular-text section\" data-section=\"\">\n<div class=\"c\">\n<div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/section>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-dule0-0221bd14382a76e495f21a2d8d1ee189\">\n#top .hr.hr-invisible.av-dule0-0221bd14382a76e495f21a2d8d1ee189{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-dule0-0221bd14382a76e495f21a2d8d1ee189 hr-invisible  avia-builder-el-8  el_after_av_textblock  el_before_av_sidebar '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<div  class='avia-builder-widget-area clearfix  avia-builder-el-9  el_after_av_hr  el_before_av_hr '><div id=\"avia_auto_toc-2\" class=\"widget clearfix avia-widget-container avia_auto_toc avia_no_block_preview\"><div class=\"avia-preview-headline\">techleap Table of Contents<\/div><div class=\"avia-preview-info\">Title: <\/div><div class=\"avia-preview-in-front\">Table can only be rendered in frontend.<\/div><\/div><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-oscq44-36f869268c85cecccd4bfbd423eb3cfa\">\n#top .hr.hr-invisible.av-oscq44-36f869268c85cecccd4bfbd423eb3cfa{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-oscq44-36f869268c85cecccd4bfbd423eb3cfa hr-invisible  avia-builder-el-10  el_after_av_sidebar  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<section  class='av_textblock_section av-829svu-1230b9d89d2bd1e6eaed4f0dd907a52b '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h3>Startups and scaleups during Covid-19: between crisis and opportunity<\/h3>\n<p><span style=\"font-weight: 400\">The disruptive changes brought about by the outbreak of the Covid-19 pandemic and the measures to contain it have confronted the business landscape with enormous challenges. The impossibility of maintaining an interconnected globalized supply chain and the abrupt drop in worldwide demand have had long-lasting impacts on the whole entrepreneurial ecosystem. It is no surprise that startups and scaleups were especially hit by this. Unlike larger, more established enterprises, young and high-growth companies have less financial resources to sustain themselves when sales suddenly drop. Based on Techleap.nl\u2019s COVID-19 survey, in March 2020, <strong>42% of startups expected a negative financial impact<\/strong> on their business within the first 3 months[2].<\/span><\/p>\n<p><span style=\"font-weight: 400\">A common coping mechanism has been reducing costs, often by staff cuts: <strong>74% of startups across the world had to let go of their employees as a result of the crisis<\/strong>, as reported by <\/span><a href=\"https:\/\/startupgenome.com\/blog\/prevent-disintegration-startup-ecosystem-talent-pool\" target=\"_blank\" rel=\"noopener\" class=\"broken_link\"><span style=\"font-weight: 400\">StartupGenome<\/span><\/a><span style=\"font-weight: 400\">. Despite a rising concern of unemployment during the pandemic, employment in Dutch startups and scaleups remained stable, but their hiring pace has slowed down. This is evident when <a href=\"https:\/\/www.techleap.nl\/content\/col-impact-report\/\" target=\"_blank\" rel=\"noopener\">analyzing the applicant<\/a> data of the Corona Bridging Loan \u2014 also called <\/span><i><span style=\"font-weight: 400\">Corona Oververbruggingslening<\/span><\/i><span style=\"font-weight: 400\"> (COL). The COL was launched on the 29th of April by Techleap.nl and the Dutch Ministry of Economic Affairs and Climate Policy and the Dutch regional development agencies (ROMs) to support all non-bank funded companies: startups, scaleups, and innovative SMEs. Since the start of the COL until 1st of July 2020, 406 scaleups and 1049 startups have applied for bridging loans. A live overview of applicants can be found <\/span><a href=\"https:\/\/www.techleap.nl\/content\/funding-dashboard\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">here<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<\/div><\/section>\n<div  class='flex_column av-nkblx3-bf5109f469bb3d27d0a6b5869ef5c056 av_one_full  avia-builder-el-12  el_after_av_textblock  el_before_av_textblock  first flex_column_div  column-top-margin'     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lrhk7had-a05d66a669a54e7536918595369ada0e\">\n.avia-image-container.av-lrhk7had-a05d66a669a54e7536918595369ada0e img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-lrhk7had-a05d66a669a54e7536918595369ada0e .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-lrhk7had-a05d66a669a54e7536918595369ada0e av-styling- avia-align-center  avia-builder-el-13  avia-builder-el-no-sibling '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" fetchpriority=\"high\" class='wp-image-5993 avia-img-lazy-loading-not-5993 avia_image ' src=\"https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/figure-3-average-fte-of-scaleup-per-sector.png\" alt='Graph describing the average fte per scaleup per sector' title='Graph of the average fte per scaleup per sector'  height=\"759\" width=\"1518\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/figure-3-average-fte-of-scaleup-per-sector.png 1518w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/figure-3-average-fte-of-scaleup-per-sector-300x150.png 300w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/figure-3-average-fte-of-scaleup-per-sector-1030x515.png 1030w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/figure-3-average-fte-of-scaleup-per-sector-768x384.png 768w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/figure-3-average-fte-of-scaleup-per-sector-1020x510.png 1020w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/figure-3-average-fte-of-scaleup-per-sector-1500x750.png 1500w\" sizes=\"(max-width: 1518px) 100vw, 1518px\" \/><\/div><\/div><\/div><\/div><section  class='av_textblock_section av-dvvo2t-afbd2dcde348366a6f356b2aa599d185 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">A clear distinction between startups and scaleups can be seen in the number of FTE employed. Based on the figure above, it can be seen that startups have on average a lower FTE growth rate in the last two years compared to scaleups.\u00a0<\/span><\/p>\n<\/div><\/section>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_hr-a5869ced9b83f692d52e44a63bc57948\">\n#top .hr.hr-invisible.av-av_hr-a5869ced9b83f692d52e44a63bc57948{\nheight:20px;\n}\n<\/style>\n<div  class='hr av-av_hr-a5869ced9b83f692d52e44a63bc57948 hr-invisible  avia-builder-el-15  el_after_av_textblock  el_before_av_image '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-k0lhif-55b313101ca796adb11a550df4e539bc\">\n.avia-image-container.av-k0lhif-55b313101ca796adb11a550df4e539bc img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-k0lhif-55b313101ca796adb11a550df4e539bc .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-k0lhif-55b313101ca796adb11a550df4e539bc av-styling- avia-align-center  avia-builder-el-16  el_after_av_hr  el_before_av_textblock '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" fetchpriority=\"high\" class='wp-image-5995 avia-img-lazy-loading-not-5995 avia_image ' src=\"https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/figure-2-average-fte-of-startup-per-sector.png\" alt='' title='Graph of the average fte per scaleup per sector'  height=\"759\" width=\"1518\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/figure-2-average-fte-of-startup-per-sector.png 1518w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/figure-2-average-fte-of-startup-per-sector-300x150.png 300w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/figure-2-average-fte-of-startup-per-sector-1030x515.png 1030w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/figure-2-average-fte-of-startup-per-sector-768x384.png 768w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/figure-2-average-fte-of-startup-per-sector-1020x510.png 1020w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/figure-2-average-fte-of-startup-per-sector-1500x750.png 1500w\" sizes=\"(max-width: 1518px) 100vw, 1518px\" \/><\/div><\/div><\/div>\n<section  class='av_textblock_section av-lrhka9w6-a5340fc5c4da05d002bc5aacbb6954d6 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">When zooming in on the sectors, we notice differences in FTE growth. Startups within biotech, agritech, and life sciences have the least employment growth on average. While startups in high tech systems and soft tech have the highest employment growth.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Looking closely into scaleups, while some industries have been disrupted by a sudden drop in demand, others grew even faster. <strong>Fintech, CleanTech and Energy sectors have the highest employment growth<\/strong>. This confirms the trends that were already emerging in the previous years \u2014 think for instance of online banking services such as Bunq and Adyen, already among the fastest-growing companies in The Netherlands (<\/span><a href=\"https:\/\/ece.nl\/top250scaleups2020\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">Top250 scaleups<\/span><\/a><span style=\"font-weight: 400\">).<\/span><\/p>\n<p><span style=\"font-weight: 400\">Scaleups in biobased, chemistry &amp; materials, and Medtech sectors have the lowest average FTE growth in the last two years. These sectors are directly or indirectly related to the consequences of economic slowdown and reorganization happening during the Coronavirus pandemic. Scaleups in logistic &amp; maintenance, high-tech systems, agritech &amp; food, and soft tech are experiencing similar average FTE growth patterns in the last two years. Companies within the life sciences and Medtech sectors are showing similar average FTE growth patterns. These two sectors are actively providing relevant technologies and innovations to combat and potentially find a solution for the Coronavirus. While companies within soft tech, hightech systems are currently in high demand due to changes in mobility and remote way of working.\u00a0<\/span><\/p>\n<\/div><\/section>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_hr-a5869ced9b83f692d52e44a63bc57948\">\n#top .hr.hr-invisible.av-av_hr-a5869ced9b83f692d52e44a63bc57948{\nheight:20px;\n}\n<\/style>\n<div  class='hr av-av_hr-a5869ced9b83f692d52e44a63bc57948 hr-invisible  avia-builder-el-18  el_after_av_textblock  el_before_av_image '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lrhk8s1h-d823fed2fcbcaac8b665d7798ba437e6\">\n.avia-image-container.av-lrhk8s1h-d823fed2fcbcaac8b665d7798ba437e6 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-lrhk8s1h-d823fed2fcbcaac8b665d7798ba437e6 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-lrhk8s1h-d823fed2fcbcaac8b665d7798ba437e6 av-styling- avia-align-center  avia-builder-el-19  el_after_av_hr  el_before_av_image '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" fetchpriority=\"high\" class='wp-image-5997 avia-img-lazy-loading-not-5997 avia_image ' src=\"https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/figure-4-startups-total-fte-in-2020q1.png\" alt='Graph indicating the total fte of startups in 2020' title='Graph indicating the total fte of startups in 2020'  height=\"759\" width=\"1518\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/figure-4-startups-total-fte-in-2020q1.png 1518w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/figure-4-startups-total-fte-in-2020q1-300x150.png 300w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/figure-4-startups-total-fte-in-2020q1-1030x515.png 1030w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/figure-4-startups-total-fte-in-2020q1-768x384.png 768w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/figure-4-startups-total-fte-in-2020q1-1020x510.png 1020w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/figure-4-startups-total-fte-in-2020q1-1500x750.png 1500w\" sizes=\"(max-width: 1518px) 100vw, 1518px\" \/><\/div><\/div><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-edlqt3-8c0a4481425c62760a0cdef1823e9f0d\">\n.avia-image-container.av-edlqt3-8c0a4481425c62760a0cdef1823e9f0d img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-edlqt3-8c0a4481425c62760a0cdef1823e9f0d .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-edlqt3-8c0a4481425c62760a0cdef1823e9f0d av-styling- avia-align-center  avia-builder-el-20  el_after_av_image  el_before_av_textblock '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" fetchpriority=\"high\" class='wp-image-5999 avia-img-lazy-loading-not-5999 avia_image ' src=\"https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/figure-5-scaleups-total-fte-in-2020q1.png\" alt='' title='Graph indicating the total fte of startups in 2020'  height=\"759\" width=\"1518\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/figure-5-scaleups-total-fte-in-2020q1.png 1518w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/figure-5-scaleups-total-fte-in-2020q1-300x150.png 300w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/figure-5-scaleups-total-fte-in-2020q1-1030x515.png 1030w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/figure-5-scaleups-total-fte-in-2020q1-768x384.png 768w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/figure-5-scaleups-total-fte-in-2020q1-1020x510.png 1020w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/figure-5-scaleups-total-fte-in-2020q1-1500x750.png 1500w\" sizes=\"(max-width: 1518px) 100vw, 1518px\" \/><\/div><\/div><\/div>\n<section  class='av_textblock_section av-auuk47-a62f9485dc8f47da851d42e4d73da48d '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">Based on the total FTE of startups and scaleups disclosed in the first quarter of 2020, shares of total FTE in softtech are the highest for both startups and scaleups. However, when looking at the second highest share of total FTE, cleantech and energy sector place second for <strong>scaleups with 20% share of total FT<\/strong>E, while life science sector place second for <strong>startups with 12% of share of total FTE<\/strong>.<\/span><\/p>\n<h3>Why we need startups and scaleups now more than ever<\/h3>\n<p>What can we do today to survive this crisis tomorrow? Research from Erasmus Centre for Entrepreneurship (2020) on previous economic recessions shows how the key for a successful recovery lies in long-term investments in innovation. In other words, companies should now focus on improving and adapting their business models in order to become more competitive in the future. In this way, a crisis can also be seen as an opportunity that forces businesses to pursue innovation. The agility and leanness of their teams and the entrepreneurial mentality of \u201cIf life gives you lemons, then make lemonade\u201d allow for startups and scaleups to be particularly suited to do so, as highlighted by Prof. Dr. Justin Jansen, Academic Director of Erasmus Centre for Entrepreneurship [4].<\/p>\n<\/div><\/section>\n<div  class='flex_column av-8kno1z-3de10560cbbf3ccdade93f13ade748a6 av_one_full  avia-builder-el-22  el_after_av_textblock  el_before_av_textblock  first flex_column_div  column-top-margin'     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-6xktp3-57f25895d3c13a3d45f21f418c84e49d\">\n.avia-image-container.av-6xktp3-57f25895d3c13a3d45f21f418c84e49d img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-6xktp3-57f25895d3c13a3d45f21f418c84e49d .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-6xktp3-57f25895d3c13a3d45f21f418c84e49d av-styling- avia-align-center  avia-builder-el-23  avia-builder-el-no-sibling '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" fetchpriority=\"high\" class='wp-image-6000 avia-img-lazy-loading-not-6000 avia_image ' src=\"https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/scale-up-dashboard-info-1.png\" alt='Infographic indicating the number of startups and startup jobs created in the Netherlands' title='Infographic indicating the number of startups and startup jobs created in the Netherlands'  height=\"2400\" width=\"4000\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/scale-up-dashboard-info-1.png 4000w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/scale-up-dashboard-info-1-300x180.png 300w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/scale-up-dashboard-info-1-1030x618.png 1030w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/scale-up-dashboard-info-1-768x461.png 768w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/scale-up-dashboard-info-1-1020x612.png 1020w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/scale-up-dashboard-info-1-1500x900.png 1500w\" sizes=\"(max-width: 4000px) 100vw, 4000px\" \/><\/div><\/div><\/div><\/div><section  class='av_textblock_section av-lrhkdy2m-7c0f3a87dbf4d09d8e082bf10f02a84d '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">Scaleups are companies that grow so fast that they yearly increase their revenues and\/or headcount by 20% or more (OECD, 2007). As it appears from the <\/span><a href=\"https:\/\/ece.nl\/research\/scaleup-dashboard\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">ScaleUp Dashboard<\/span><\/a><span style=\"font-weight: 400\"> 2019, Dutch scaleups have a significant influence on the prosperity and vitality of the Dutch economy. Thanks to their ability to implement new technologies and develop new scalable business models, scaleups have an important impact on regional ecosystems. Indeed, <strong>Dutch scaleups created nearly 220.000 full-time jobs between 2015-2018<\/strong>. That\u2019s approximately 30% of the total job creation in the Netherlands during that time [5].<\/span><\/p>\n<p><span style=\"font-weight: 400\">The role of startups should, however, not be underestimated. Since scaleups often begin as startups, the two are inextricably interrelated. That is why they generally overlap in their innovative personality. <strong>Startups, like scaleups, stimulate innovation and job creation.<\/strong> On top of that, startups are receptive to the needs of the market and are capable of adapting fast to external factors. A good example of this is provided by the innovative startups in the MedTech sector that since the beginning of the Covid-19 pandemic have worked hard on improving hospital capabilities, decreasing infection rate and providing assessment tools for medical staff, as shown in Techleap\u2019s <\/span><a href=\"https:\/\/finder.techleap.nl\/lists\/15106\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">Dutch Tech Heroes Fighting COVID-19 list<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<\/div><\/section>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_hr-a5869ced9b83f692d52e44a63bc57948\">\n#top .hr.hr-invisible.av-av_hr-a5869ced9b83f692d52e44a63bc57948{\nheight:20px;\n}\n<\/style>\n<div  class='hr av-av_hr-a5869ced9b83f692d52e44a63bc57948 hr-invisible  avia-builder-el-25  el_after_av_textblock  el_before_av_image '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lrhkd83y-684896dac3ec7a050f49ed628468d810\">\n.avia-image-container.av-lrhkd83y-684896dac3ec7a050f49ed628468d810 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-lrhkd83y-684896dac3ec7a050f49ed628468d810 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-lrhkd83y-684896dac3ec7a050f49ed628468d810 av-styling- avia-align-center  avia-builder-el-26  el_after_av_hr  el_before_av_textblock '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" fetchpriority=\"high\" class='wp-image-6001 avia-img-lazy-loading-not-6001 avia_image ' src=\"https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/200.png\" alt='Overview of 200+ Dutch Tech Heroes fighting Covid 19' title='Overview of 200+ Dutch Tech Heroes fighting covid 19'  height=\"4096\" width=\"8192\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/200.png 8192w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/200-300x150.png 300w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/200-1030x515.png 1030w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/200-768x384.png 768w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/200-1020x510.png 1020w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2024\/01\/200-1500x750.png 1500w\" sizes=\"(max-width: 8192px) 100vw, 8192px\" \/><\/div><\/div><\/div>\n<section  class='av_textblock_section av-lrhkjtmj-c413ed469bca1c73aacce9329c7bc030 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">At the same time, startups experience a critical drawback in terms of their low survival rate, when compared to scaleups. It is a tragic fact that only a handful of startups survive after their first 5 years of founding [6]. As such, many startups only bring about a temporary value for the economy in terms of job creation. It is therefore important for startups to grow into scaleups. To have a long-lasting impact on the economy, it is crucial for startups to have the necessary support to survive and have the opportunity to prove their business models and ultimately scale up.\u00a0<\/span><\/p>\n<h3>Conclusion<\/h3>\n<p><span style=\"font-weight: 400\">To survive the current recession, keeping innovation high on the agenda is key to moving forward. Startups, scaleups, and other entrepreneurially-minded agents are best suited to do so. Rapid growth in technological advancements, adoption, and usage also brings about new challenges and opportunities. Providing adequate market access and support towards entrepreneurs is thus crucial during this transition period. <strong>The good news is that the Dutch Startup Ecosystem has recently climbed up its ranking at number <\/strong><\/span><a href=\"https:\/\/www.techleap.nl\/content\/3-key-takeways-from-the-startup-genome-report-2020\"><span style=\"font-weight: 400\"><strong>3 in Europe and 12 worldwide<\/strong><\/span><\/a><span style=\"font-weight: 400\"> [7]. The ecosystem ranks highly on connectedness and scores very well on performance, funding, market, and talent matrices. The advantage of having logistical and social connectedness should be leveraged further to gain momentum in improving funding, performance, market, and talent. It is now crucial to stay connected and learn from each other. The role Techleap.nl will play in improving these mentioned areas can be seen in its <\/span><a href=\"https:\/\/issuu.com\/techleap\/docs\/techleap.nl_2020_action_plan______public__single_p?fr=sNGJhNjcyODgyMg\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">2020 Action Plan<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">One major area where the Dutch Startups Ecosystem can improve is the knowledge metric. This is defined as the impact of publications or research and the volume or complexity of patents in the Life Sciences Ecosystem. In order to address this, close ties and collaboration to universities and knowledge institutions with <\/span><a href=\"https:\/\/ece.nl\/knowledge-intensive-start-ups-in-the-netherlands\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">knowledge-intensive startups<\/span><\/a><span style=\"font-weight: 400\"> should be further established. Erasmus Center for Entrepreneurship develops people in their entrepreneurial competencies with the academic knowledge and network of Erasmus University Rotterdam. Together with Techleap.nl, they strive to stimulate better collaboration between knowledge institutions, entrepreneurs, government, and ecosystem leaders.<\/span><\/p>\n<p><strong>Source:<\/strong><br \/>\n<span style=\"font-weight: 400\">[1]<\/span> <a href=\"https:\/\/www.cpb.nl\/augustusraming-2020-2021\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">Centraal Planbureau<\/span><\/a><span style=\"font-weight: 400\">, August 2020<br \/>\n<\/span><span style=\"font-weight: 400\">[2] Techleap.nl &#8211; <a href=\"https:\/\/issuu.com\/techleap\/docs\/covid-19_report_march_finalfinal\" target=\"_blank\" rel=\"noopener\">The Dutch Tech Ecosystem and COVID-19 report<\/a><br \/>\n<\/span><span style=\"font-weight: 400\">[3] Techleap.nl &#8211; <a href=\"https:\/\/www.techleap.nl\/content\/col-impact-report\/\" target=\"_blank\" rel=\"noopener\">Corona <\/a><\/span><a href=\"https:\/\/www.techleap.nl\/content\/col-impact-report\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">Overbruggingslening<\/span><\/a><span style=\"font-weight: 400\"><a href=\"https:\/\/www.techleap.nl\/content\/col-impact-report\/\" target=\"_blank\" rel=\"noopener\"> data<\/a><br \/>\n<\/span><span style=\"font-weight: 400\">[4]<\/span> <a href=\"https:\/\/ece.nl\/what-can-we-learn-from-startups-and-scaleups-to-survive-the-coronacrisis-key-webinar-takeaways\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">What can we learn from startups and scaleups to survive the Corona crisis?<\/span><\/a><span style=\"font-weight: 400\"> (Erasmus Centre for Entrepreneurship, 2020)<br \/>\n<\/span><span style=\"font-weight: 400\">[5] Erasmus Centre for Entrepreneurship \u2013 <a href=\"https:\/\/ece.nl\/research\/scaleup-dashboard\/\" target=\"_blank\" rel=\"noopener\">ScaleUp Dashboard 2019<\/a><br \/>\n<\/span><span style=\"font-weight: 400\">[6] <\/span><a href=\"https:\/\/stryber.com\/truth-about-startup-failure\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">https:\/\/stryber.com\/truth-about-startup-failure\/<\/span><\/a><span style=\"font-weight: 400\"><br \/>\n<\/span><span style=\"font-weight: 400\">[7] Startup Genome &#8211; <a href=\"https:\/\/www.techleap.nl\/content\/3-key-takeways-from-the-startup-genome-report-2020\" target=\"_blank\" rel=\"noopener\">The Global Startup Ecosystem Report<\/a> (GSER 2020)<\/span><\/p>\n<\/div><\/section>\n\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":6,"featured_media":5992,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[34,69,32,43],"acf":[],"_links":{"self":[{"href":"https:\/\/techleap.nl\/wp-json\/wp\/v2\/posts\/5991"}],"collection":[{"href":"https:\/\/techleap.nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techleap.nl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techleap.nl\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/techleap.nl\/wp-json\/wp\/v2\/comments?post=5991"}],"version-history":[{"count":7,"href":"https:\/\/techleap.nl\/wp-json\/wp\/v2\/posts\/5991\/revisions"}],"predecessor-version":[{"id":6429,"href":"https:\/\/techleap.nl\/wp-json\/wp\/v2\/posts\/5991\/revisions\/6429"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/techleap.nl\/wp-json\/wp\/v2\/media\/5992"}],"wp:attachment":[{"href":"https:\/\/techleap.nl\/wp-json\/wp\/v2\/media?parent=5991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techleap.nl\/wp-json\/wp\/v2\/categories?post=5991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techleap.nl\/wp-json\/wp\/v2\/tags?post=5991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}