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The source adds the following information regarding methodology: "The data for the EU Startup Monitor 2018 was collected from February-May 2018 with an online survey directly targeted at founders and C-level employees of start-ups, in cooperation with many practitioner supporters, start-up associations and a variety of ecosystem stakeholders. All EU Member States were encouraged to participate and sufficient data was generated for 18 countries, so that the results present a comprehensive overview of the current startup landscape.

* The source added the following information about what the developmental stages mean in the 2016 report

Seed stage means the founders are in the process of idea generation and have not yet generated any revenue.

Startup stage implies the founders are on the verge of offering a marketable product/service and of generating first revenues and/or customer value.

Growth stage is defined as startups that have succeeded in creating a marketable product/service and have shown high sales/customer value growth.

Later stage indicates that the organization is an established player and/or are planning an exit through an initial public offering.

Steady stage startups are those with stagnating or even decreasing growth rates.

**The data for Austria has been generated in cooperation with the Austrian Startup Monitor. The presented values have not been included in the EU average due to a variance in results, caused by different cleansing criteria and in some cases, additional sources of data.