A new report out this week shows that the tech scene in Europe is in rude health.

The State of European Tech report, published by global technology investment company, Atomico, and Slush – the annual ‘two-day startup and investor event’ – which concludes in Helsinki today – indicates the continent’s ecosystem is performing well.

“Today in Europe we’ve created so many fantastic companies over the last seven to ten years, so now there is so much talent. More smart people from universities are choosing to go into tech. You have everything in Europe to create billion dollar companies, ten billion dollar companies or maybe even hundred billion dollar companies,” said Niklas Zennström, Atomico.

And the report reveals that “despite concerns about Brexit, London is the most preferred location to startup by European founders, followed by Berlin and Barcelona”.

 The full report is available online now.