Innovation: the OECD puts a figure on the European drop-out rate

This latter category goes beyond that of ‘unicorns’: it includes companies crossing the one-billion threshold at the time of their initial public offering (IPO), and not just those valued at that level prior to an IPO. Together, these two groups account for 3.5 per cent of the European start-ups studied and 8.5 per cent of their US counterparts.…