Europe can produce its own tech giants — here’s howBy J. Scott Marcus

Why does the EU fail to produce its own Google, Amazon or Facebook? Is Europe lacking entrepreneurship, technical savvy or simply imagination? Contrary to what many think, the EU does even better than the US at creating high-tech start-ups; however, many European firms whither on the vine due to a lack of finance.

Yet a simple solution has been lying in plain sight for decades – we simply need to grasp it. The answer, as with a great many questions, is money. In each of the past five years, the EU has created more high-tech start-ups than the US. Nonetheless, many of them fail to scale up, while some move to greener pastures on the other side of the Atlantic.

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