Europe has had a strong decade of growth, and it’s well on its way to competing with the US. Vishal Marria Founder & CEO, Quantexa But, the attractiveness of Europe for tech startups and tech innova- tion has come under the microscope in recent months. And this is because we’ve reached a supposed turning point in which growth can only be achieved if we a) secure the right level of investment and b) involve and engage with the right talent and c) ensure that digital reg- ulation is designed in such a way that it continues to allow companies to innovate and reach incredibly technological breakthroughs. The long-term success of Europe in becoming the next tech superpower lies in our governments’ willingness to ensure that the businesses at the cutting edge of this technology innovation, are involved in ongoing conversations around how to regulate against technology. We need to see incentive schemes put in place to encourage VCs to invest in European businesses. And, we need to ensure we’re doing so safely, whilst not sti昀氀ing growth. | 34
State of European Tech | 2023 Page 33 Page 35