Paul Sulyok our founder and CEO recently wrote a letter to the Financial Times about how Europe must stop the exodic of tech start ups to America. Here's a snippet of the article;
To build a truly self-sustaining tech ecosystem, Europe must adopt policies that reduce its reliance on US funding and growth channels. Marietje Schaake’s recent call (Opinion, November 8) for a distinct European tech model highlights the urgency of going beyond start-up incubation to cultivate an environment where globally dominant players can thrive.
Though Europe generates more start-ups than the US, many of its most promising companies are lured across the Atlantic by a more supportive financial and regulatory landscape.
Nowhere is this more prevalent than the video gaming sector, which has struggled with shrinking investment, restrictive funding and a talent exodus to the US — drawn by greater investment prospects.
The recent surge in US tech stocks following Donald Trump’s electoral victory illustrates how swiftly capital aligns with administrations prioritising their homegrown companies. Europe, however, remains constrained by a conservative regulatory framework, particularly in large-scale funding access, impeding the potential of its tech sector.
To reverse this trend, Europe must focus on... to read the full article check out the Financial Times article here
