Digital startup ecosystem
We track 14 organisations in this sector across 6+ countries.
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Agoranov
Agoranov is a Paris-based public incubator founded in 2000 by a consortium of universities and research institutions. It supports science- and technology-intensive startups, often spun out of academic labs, and has backed 400+ startups that raised €1.5B+ and created 10,000+ jobs. Program: office space in central Paris, a 6-month renewable incubation program with tailored mentorship, research access, grant support, and investor introductions. As a public-interest incubator, Agoranov is equity-free and funded by French public institutions and the City of Paris. Unicorn alumni: - Doctolib - Alan - Criteo
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CDP Venture Capital SGR
Founded in 2015 as the National Innovation Fund (Fondo Nazionale Innovazione) and wholly owned by Cassa Depositi e Prestiti, CDP Venture Capital SGR is the largest venture capital operator in Italy and one of the biggest in Europe, deploying capital through a family of direct and fund-of-funds vehicles with a combined target allocation of over €3.3 billion in its 2024–2028 business plan. It operates across the full lifecycle — from seed (Italia Venture I/II) through growth (Large Ventures, target €700 million) and ecosystem development (VenturItaly II FoF, target €700 million) — covering deep tech, life sciences, digital transition, and sustainability. The portfolio spans 246+ companies, with notable names including Everli and Arduino; its fund-of-funds arms back virtually every significant Italian VC manager. As a state-backed anchor LP and direct co-investor, CDP acts as the cornerstone of the national innovation ecosystem.
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Conector Startup Accelerator
Founded 2013 by prominent Spanish entrepreneurs. Runs 5-month batches for early-stage digital startups in media, gaming, and mobile; mentors take equity and support Demo Day. Notable alumni include Glovo and Meller. Scope: Regional (Barcelona & Madrid).
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EuraTechnologies
Founded 2009. One of Europe's largest incubators, hosting 200+ startups annually with multi-stage programs from incubation to acceleration, plus labs and funding access. Ranked a top French startup hub; alumni include fintech scaleups and AI firms. Scope: Regional (Hauts-de-France) with international reach.
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Grand Central
Grand Central is a coworking space founded in 2017 in Valletta, operating from two sites on Archbishop Street and Strait Street in the historic capital. It serves developers, digital nomads, and startups with flexible desks, private offices, meeting rooms, and 24/7 access. The spaces are housed in traditional Maltese townhouses and are particularly popular with Malta's growing tech and creative community.
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IMPACT Accelerator
Established 2014. EU-backed accelerator for mobile and digital startups (edtech, mobility, etc.) with online program, equity-free grants, mentoring, and international roadshows. Notable alumni include ChainGO. Scope: International (EU).
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Indaco Venture Partners
Founded in 2016 by Davide Turco, Elizabeth Tosto, Antonella Grassigli, and Alvise Bonivento, Indaco Venture Partners SGR is Italy's largest independent venture capital management company, with over €350 million in assets under management across six funds. The firm specialises in proprietary-technology companies at Series A and B, with deep expertise in electronics, robotics, medtech, advanced materials, and digital sectors. Notable portfolio companies include Newronika (adaptive deep brain stimulation), Sibylla Biotech, Almawave, and Codasip; exits include Silicon Biosystems and Directa Plus. Indaco's differentiated focus on hardware-intensive and science-driven startups sets it apart from Italy's mostly software-focused VC landscape.
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Luxinnovation
Luxembourg's national innovation agency, operating as a public-private partnership since 1984. Luxinnovation supports startups, SMEs, and research organisations through its Fit 4 programme suite (Fit 4 Start, Fit 4 Scale, Fit 4 Innovation, Fit 4 Digital, Fit 4 AI) and acts as the Enterprise Europe Network contact point. In 2024 it supported 891 companies and administers the Fit 4 Start accelerator programme, which offers up to €150,000 in equity-free grants.
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LVenture Group
LVenture Group is a Rome-based holding company listed on the Italian Stock Exchange (Borsa Italiana) that operates in seed-stage venture capital and startup acceleration. Together with its accelerator arm LUISS ENLABS, founded in 2013 as a joint venture with LUISS Guido Carli University, it has accelerated over 100 startups and built a portfolio of 90+ companies across fintech, cybersecurity, and digital sectors. The firm operates from a 9,000 sqm hub at Rome's Termini Station and a dedicated office at the LUISS Hub in Milan.
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NUMA
NUMA is a storied name in the Paris startup scene – both an accelerator and an innovation hub that traces its origins to one of Europe’s first startup programs. Established in 2011, NUMA evolved from the famed “Le Camping” accelerator (run out of a historic building on Rue du Caire). As an accelerator, NUMA ran 3- to 6-month cohorts for digital startups, providing mentorship, community events, coworking space, and investor demo days. It was particularly influential in France’s early startup boom – alumni include successes like Dataiku (AI platform) and Algolia (search-as-a-service), which both passed through NUMA’s programs. Over time, NUMA expanded its scope beyond acceleration into corporate innovation. It launched NUMA Consulting to help large companies implement startup methodologies, and also opened international outposts (NUMA Bengaluru in India and NUMA New York were launched around 2015–2016). In Paris, NUMA’s space became an “innovation hub” – a vibrant campus hosting events, hackathons, and innovation programs for corporates and the community. NUMA was notable for being a public-private effort initially, supported by the City of Paris and corporates, which helped ignite the French ecosystem a decade ago. By the late 2010s, NUMA transitioned its accelerator model – focusing more on themed open-innovation programs (e.g. for smart cities or AI) rather than general batches. It also partnered with the European Commission on projects to spur startup-corporate collaborations. Though NUMA (the accelerator) concluded its last batch in late 2019, the brand still persists as a hub and network of innovation spaces. The legacy of NUMA is significant: it helped institutionalize French startup support and proved the value of mentorship-driven acceleration in Europe. In ecosystem terms, NUMA stands as a pioneer whose model of combining startup acceleration with corporate and community innovation has been emulated widely.
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Primomiglio SGR
Founded in 2016, Primomiglio SGR is a Milan-based venture capital firm managing over EUR 200M across sector-specific funds. Its Barcamper Ventures fund invests EUR 0.5-3M at seed and Series A in digital and ICT startups, while a dedicated SpaceTech fund targets newspace and satellite technology. Primomiglio's scouting approach uses a touring bus (the 'Barcamper') to visit Italian universities and tech hubs to discover early-stage talent. Portfolio includes companies in SaaS, IoT, and space infrastructure.
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Silicon Valletta
Silicon Valletta is an association founded in 2016 by Malta-based tech entrepreneurs to strengthen the local digital startup community. With more than 90 members — predominantly CEOs and founders — the organisation facilitates peer mentoring, investor introductions, and industry events. Collectively, its members employ over 1,500 people and generate more than €65 million in annual revenue.
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Startup Braga
Innovation hub and accelerator supported by Microsoft, nurturing deep-tech startups in biotech, nanotech, and digital sectors. Provides acceleration, access to University of Minho labs, and corporate partners; backed 120+ companies. Scope: Regional (Northern Portugal).
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Wellstreet
Hybrid VC fund and tech innovation hub founded in 2016 running accelerator programs at The Factory and investing in early-stage digital and fintech startups. Support: equity investment, mentorship from in-house experts, workspace access. Scope: National.
