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Post LinkedIn lead magnet · Anthropic

When life gives you lemons... 🍋 While most articles about Europe (especially those written in Europe) tend to look at what does not work, this article published a few days ago in The Economist is a welcome change. What's the thesis? Out of the 100 most valuable #tech companies, only 6 are in Europe versus 56 in the US and 16 in China. Europe also lags behind the US in venture capital and the EU Observatory of Critical Technologies from the European Commission shows a big gap in AI but also in critical clean technologies. After Covid, the war in Ukraine, Trump, the current turmoil on the oil/gas markets, there have been enough reminders... But the winds might be changing, helped by a global context which shows almost every day that Europe needs to increase its resilience, its #energy security and strengthen/master its supply chains. It does require to tackle some of the well-known bottlenecks (market fragmentation, lack of risk taking capital, lack of growth capital, regulations). Europe is doing well in the #climate tech sector (helped by the strong push back in the US), and its deeptech sector is attracting increasing interests. Defense spending is going up- and we see the flywheel (slowly) starting with successful entrepreneurs backing the new generation. Initiatives such as EU–INC are getting serious traction. Link in comments 👇

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