How can Europe reclaim its place in the tech revolution?

🇪🇺 Discover the article by Olivier Coste, member of the EuropaNova scientific committee “How Europe can reclaim the technological revolution”. In this article Olivier Coste explores in depth the reasons for Europe’s technological delay and proposes solutions for the continent to regain its competitiveness.

🔍 European companies invest six times less in technological R&D than their American counterparts. How can we hope to create the next Apple, Google or OpenAI with such a funding gap?

📉 This report addresses:

• Employment protection laws, which may have been necessary at one time, are today a major obstacle to innovation and the restructuring of large tech companies in Europe.

• Venture capital funding in Europe remains far below that available in the United States, leaving our startups struggling to scale.

• This lack of investment and risk-taking is undermining Europe’s competitiveness, not only economically, but also in terms of security and defense.

Without radical changes, Europe risks becoming obsolete in the most crucial sectors of tomorrow. Olivier Coste emphasizes that Europe does not need to copy the American model, but urgent reforms are essential, before it is too late.