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EU Tech Founders Unite to Battle Startup ‘Brain Drain’ to US

  • EU tech founders have launched Project Europe, an initiative aimed at preventing the 'brain drain' of talent leaving for the US.
  • The project is backed by a 10 million euro fund and will offer financial support of 200,000 euros to entrepreneurs aged 18-25 to build tech startups.
  • More than 125 tech founders from the region, including those from Shopify, Klarna, and Delivery Hero, will act as mentors.
  • While tech investment in Europe is on the rise, concerns over excessive regulation hindering growth remain.

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