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Tackling the Scale-up Gap: How can Europe Back its Tech Champions?

  • Europe is not producing many global tech giants compared to the US despite having a strong startup ecosystem.
  • Europe has created more high-tech startups than the US, but the EU is not achieving similar levels of success.
  • Study highlights the barriers preventing European startups from scaling up and describes how to overcome the obstacles.
  • Scaleups are entrepreneurial ventures that have reached product-market fit and are now focused on exponential growth.
  • Europe's relatively lower R&D spending and limited access to capital make scaling up more challenging than in the US.
  • Strategies to revive Europe's tech ecosystem and usher in an era of innovation include active participation of pension funds, bolstering innovation hubs and incubators, and reducing barriers to cross-border integration.
  • Europe needs to learn from Silicon Valley's success in venture capital and technology scale-ups to drive innovation.
  • Without significant investment in innovation, it may be some time before Europe produces a global tech giant.

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