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Andrea Hak, The Next Web
Sun, 10/06/2024 - 11:14pm

The recently released EU Competitiveness Report from the European Commission delivered a stark message to the bloc’s tech sector. As Mario Draghi, lead author of the report, warned, Europe faces ‘’an existential challenge’’. “The problem is not that Europe lacks ideas or ambition,” the former Italian premier said. “But innovation is blocked at the next stage: we are failing to translate innovation into commercialisation.” Namely, the bloc needs to focus on providing the right conditions for more European big tech companies to grow — and the incentives for them to actually stay.

Topics: eu competitiveness report european commission mario draghi italian namely ces unveiled the next web europe european innovation tech bloc

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