C 344/104
EN
Official Journal of the European Union
29.9.2023
Newly released data (34) indicates that the number of new unicorns in the EU was relatively low in the first quarter of 2023, with only four recorded, compared to around 20 in the corresponding period in 2021 and 2022 (22 and 20 respectively).
Four new unicorns were founded in Q1-2020.
The ‘birth rate’ of unicorns in the EU seems therefore to have declined to pre-COVID levels.
Even with its recent upward trend, the EU lags behind other regions such as the US, China and the UK, where most unicorns are concentrated, either because they are founded there or move there after they have been founded (35).
Creating strong and supportive systems and exploiting the full potential of the EU Single Market are important factors in boosting the number of unicorns or attracting them from all over the world.
The baseline trajectory relies on the historical data of unicorns covering the period 2008-2022.
The functional form chosen in this case is the exponential one and fits well the historical data (Figure 15).
No Digital Decade trajectory is shown due to the recent/current instability of trends.
Figure 15
Number of unicorns in the EU.
Historical data and baseline trajectory
3.2.10.
Digitalisation of public services Target: The digitalisation of public services, where there is 100 % online accessible provision of key public services and, where relevant, it is possible for citizens and businesses in the Union to interact online with public administrations.
KPI definition: — Citizens: Online provision of key public services for citizens, measured as the share of administrative steps that can be done fully online for major life events.
The following life events are considered: moving; transport; starting a small claims procedure; family; career; studying; and health. — Businesses: Online provision of key public services for businesses, measured as the share of administrative steps needed to start a business and conduct regular business operations, which can be done fully online.
(34) Dealroom (https://tinyurl.com/EU-unicorns-Q1-2023) (35) Dealroom (https://tinyurl.com/unicorns-totals-non-EU)