34. In an age of a growing digital economy,
Europe’s prosperity is created, not
inherited. The future of Europe
depends on a competitive mindset
and a willingness to gain advantage
against the world’s best competitors
in the U.S. and China
35.
36.
37.
38. Scaling the heights
For all the talk about Europe’s innovation
struggles, the continent has no lack of
great ideas or, indeed, start-ups. It is
during the process of scaling up that
companies generally struggle.
“SMEs and growing companies struggle to
find the capital they need to scale up due
to smaller-risk capital markets.
Later-stage venture capital investments
were 20 times higher in the US than the
EU in 2015.”