The State of Flanders' Startup Ecosystem 2024

If the figures you're about to comb through make one thing clear, it's that Flanders' startup ecosystem isn't just growing-it's thriving.
Despite challenges like the 'war for talent', our region has reaffirmed its position as one of Europe's fastest-growing innovation hubs. Today, Flanders' startups have a combined value of more than EUR 54 billion, a 31.7% rise compared to a year earlier. This continued growth tells a powerful story of resilience, creativity and the unstoppable drive of our entre…

If the figures you're about to comb through make one thing clear, it's that Flanders' startup ecosystem isn't just growing-it's thriving.
Despite challenges like the 'war for talent', our region has reaffirmed its position as one of Europe's fastest-growing innovation hubs. Today, Flanders' startups have a combined value of more than EUR 54 billion, a 31.7% rise compared to a year earlier. This continued growth tells a powerful story of resilience, creativity and the unstoppable drive of our entrepreneurs-backed by a strong network of venture capitalists, cities, government agencies, universities, and research institutions.
In this third edition of The State of Flanders' Startup Ecosystem, based on data from Dealroom, we explore the facts and figures shaping the present and future of our region's startup ecosystem. But more than that, the trends highlighted in this report underscore the collaborative and international spirit that defines Flanders. A region where public and private investors and support organizations, both domestic and international, work hand in hand to help talented entrepreneurs and ambitious startups turn bold ideas into thriving business.