Europe needs to adopt a more competitive mindset to prosper in today's growing digital economy, as its future depends on gaining advantage against strong competitors in the US and China. While Europe has great ideas and startups, companies generally struggle during the scaling up process due to smaller risk capital markets, as later-stage venture capital investments were 20 times higher in the US than the EU in 2015.

20. 20

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

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.”

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