
Research & Reports
Explore our latest research on startups, venture capital, and tech ecosystems. Data-driven insights to help you make better decisions.


UK innovation – 2025 review

Surreal 2025/26 – Global Tech and VC Wrapped

Polish Ecosystem Report 2025
This report, in partnership with Polski Fundusz Rozwoju S.A. (PFR), explores how Poland is reinforcing its position as the powerhouse of CEE.

German State Tech Ecosystem Benchmark 2025
Which German states lead on scale, and which punch above their weight? Commissioned by Bayerisches Staatsministerium für Digitales, this report explores how Germany’s tech economy has scaled fast.

The State of Flanders’ Startup Ecosystem 2025
Flanders is positioning itself as a leader in shaping tomorrow’s breakthroughs, from biotech and agri-food innovation to space and defense. In partnership with Startup Flanders.

TechBio x AI Drug Discovery
In 2025, TechBio is moving from concept to reality. The era of theory is giving way to execution: platforms deliver pipelines, automation drives reproducibility, and partnerships transition from pilots to multi-step agreements, as explored in this report in partnership with SpeedInvest.

State of UK Deep Tech 2025 report
The definitive overview of the state of deep tech in the UK in 2025, in partnership with the Royal Academy of Engineering.

Tough Tech by the Tough Ten 2025
A first-of-its-kind map of defence, dual-use, cyber, and space innovations in the EU frontline states, in partnership with Coinvest Capital, the NATO Innovation Fund (NIF), Depo Ventures, BSV Ventures, Balnord, Ilte and New North Ventures

European Spinouts Report – 2025

Nordic Defence Tech Report 2025
The EU and Nordic countries are sharpening their defence and dual-use technology strategies, produced in partnership with Danske Bank.
