Rezaan Daniels’ Post

Our report on the EU scale-up gap is finally out!

European Investment Bank (EIB) scale-up gap report is finally out, highlighting the financial challenges EU scale-ups face as they expand globally. The report recommends strengthening the Capital Markets Union to boost private investments,as emphasized by President Nadia Calviño. Explore how Europe can close this gap and enhance its innovation landscape. #innovation #eib #euscaleup

first time I see objectives and authorative arguments to support the claim (seen in my own experience) that greentech have even more difficulties to raise funding + idea that compared to other tech, the gap with the US is less big, see p.28-29 and recommendations p 37-39 Also in the EIB 2023 sustainability report « The acute lack of capital for late-stage growth and scaling of climate and environmental technologies has also been a point of focus, with the EIF supporting a number of new fund initiatives in this critical market segment.” (p26) https://lnkd.in/eYC-vBzf

Our latest report “The scale-up gap: financial market constraints holding back innovative firms in the European Union”, sheds light on European scale-up companies and the future of Europe’s innovation. European scale-ups are highly productive companies, with the potential to become the big champions of tomorrow. But as scale-ups prepare to expand beyond their local markets and establish themselves internationally, they encounter obstacles. This hinders Europe's ability to remain technologically competitive on a global scale, particularly in innovative areas like greentech, AI, and quantum computing. The EU is attractive for foreign venture capital, but European companies raise only half as much capital as their Silicon Valley peers. They often rely on foreign investors and face a higher likelihood of being acquired by non-EU companies. This trend threatens the next generation of European start-ups and drains entrepreneurial talent. To address these challenges, our new report recommends deepening Europe's Capital Markets Union and ensuring that public interventions catalyse private investment. Our President Nadia Calviño highlighted the need for a unified capital markets union and coordinated public policies to create a supportive entrepreneurial ecosystem. Learn more about the "The scale-up gap" and its recommendations for Europe's innovation landscape here👇🏼 https://bit.ly/3WgoVld

#Europe's drive for #technological_leadership is fueled by comprehensive support programs and urgent reform calls, with the European Innovation Council empowering startups and GSMA lobbying for critical reforms to ensure global competitiveness.

Unlocking Tomorrow's Giants: Europe's Rally for Tech Dominance through a Unified Start-Up Renaissance (From Start-Up Symphony to Tech Symphony) In recent years, Europe, despite being an economic powerhouse, has trailed behind the United States, particularly in technology and innovation. To reclaim dominance, a crucial element of the European strategy involves fostering the start-up landscape by fostering collaboration and creating a more entrepreneur-friendly environment. According to McKinsey & Company, a united European effort to stimulate entrepreneurship could potentially unlock $3.3 trillion in additional market capitalization and create 3.6 to 8.1 million jobs. While certain countries have showcased success stories in start-up activity, Europe must consolidate its efforts to compete globally. The current economic gap between the US and Europe is substantial, with a 20% difference in GDP. Europe's lag in technology and innovation, especially in areas like automation, 5G connectivity, quantum computing, and composite materials, further widens this gap. Diversity reigns in Europe's business environments, with each country having its own regulations, funding access, and labor pools. From scale-ups in Sweden to start-ups in Ireland, the landscape is varied. A united approach, focusing on standardizing rules for taxation, incorporation, and labor laws, could stimulate growth, as suggested by McKinsey's report (https://lnkd.in/du2XGEfq). This orchestrated strategy aims to not only create a more favorable environment for start-ups but also enhance the competitiveness of European start-ups on the international stage. Standardization could lead to an additional 200,000 start-ups, fostering job creation and substantial economic value across Europe. #EuropeanInnovation #StartupUnity #TechRevolution #EntrepreneurshipCollaboration #InnovationGap #McKinseyInsights #EconomicDominance #TechInnovation #BusinessUnity #EUStartupStrategy #FutureEconomy #GlobalCompetition #SustainableGrowth McKinsey & Company #DigitalTransformation

The gift of @atomico to business angels is here: The State of the European Tech executive summary is out! This comprehensive overview encapsulates the most crucial data points of the year, delving into key indicators of the ecosystem's health and spotlighting both challenges and favorable aspects. 📊 Key findings indicate a global decline in investment levels, marking a market reset that extends far beyond European borders. Projections for 2023 suggest a decrease to less than half of the peak seen in 2021 across all global regions. 🚀 Despite a global slowdown, Europe stands out as a leader in producing new tech founders, consistently surpassing the United States over the past five years. The resilience of European entrepreneurs shines through, even with a heightened threshold for entering entrepreneurship. 💰 Following a downturn resulting in a $400 billion reduction in ecosystem value, there's exciting news of a significant rebound, bringing the total ecosystem value back to an impressive $3 trillion. This resurgence is attributed to a robust recovery in public markets, elevating Europe's value to its historical peak. 📖 Curious to explore further? Read the full report here: https://lnkd.in/dinKKdaD

"Ryan is Curious" - Can Europe Regain Its Global Corporate Giants? 🌍 At the start of the 21st century, 41 of the world’s 100 most valuable companies were based in Europe. Today, that number has dropped to 19. Nobel Prize-winning economist Jean Tirole calls this trend "worrying" as it leads to less innovation, slower economic growth, and diminished geopolitical influence. So why is it crucial for Europe to keep producing its own global corporate giants? As you all know, I recently was in Europe and here are a few reasons that stood out to me: ⏩Economic Growth: Big companies drive substantial economic activity, create jobs, and stimulate local and regional economies. ⏩Innovation: Large firms have the resources to invest in R&D, leading to breakthroughs that smaller companies might not achieve alone. ⏩Geopolitical Influence: Corporate giants significantly enhance a region's geopolitical clout, shaping global standards and policies. For startups to scale and become the giants of tomorrow, 𝐬𝐢𝐱 𝐤𝐞𝐲 𝐟𝐚𝐜𝐭𝐨𝐫𝐬 are essential: 1️⃣ Access to Capital: Europe needs a robust venture capital ecosystem to support startups at various stages. 2️⃣ Regulatory Support: Harmonized regulations across Europe can reduce barriers to market entry and expansion. 3️⃣ Innovation Ecosystem: Collaboration between universities, research institutions, and industries can foster innovative technologies and business models. 4️⃣ Talent Pool: Investing in education and creating an environment that attracts top global talent is crucial. 5️⃣ Infrastructure: Reliable digital and physical infrastructure supports efficient operations and logistics. 6️⃣ Market Access: Seamless access to diverse markets is essential for international expansion. Europe has an opportunity to reclaim its place by creating an ecosystem where startups can grow into global giants. This means investing in companies that make a real difference in society and setting standards that align with European values. By fostering such an environment, Europe can ensure its continued relevance and leadership in the global economy. What do you think are the most critical steps Europe should take to nurture its next generation of global giants? Can Europe do it? 👇🏽I love to hear your comments below. #Economy #Leadership #Business #Startups #Innovation

The eu/acc (European Accelerationism) is a valuable movement, launched by Andreas Klinger, that promotes more standardisation for investment in Europe as a mean to improve the ecosystem, bringing value for founders and the economy. It talks about very good points (check Andreas' post in the comments), showing the benefits that US ecosystem has and how Europe doesn't stay behind, despite memes saying otherwise. Something fundamental to think about is that it is inspired in the e/acc (“Effective Accelerationism”), a techno-optimist vision of the world inspired by Marc Andreessen, which encourages faster innovation and deplores anything that might slow down progress. Regulations, climate change, safety, etc. That is the mindset of "move fast and break things", that we have enough examples to understand it's not sustainable in the long run. Lucrative for a few, yes, but not healthy for the society. We need to improve the ecosystem, for sure, so let's create something better, in a way that combines growth in a Regenerative Economy, fighting the Climate Crisis, protecting Labor Laws (updating, as much needed), stand for Human Rights, Diversity, and everything that makes us humans, not money machines. It's possible. #europe #startups #ecosystem #VC

💬 “Development of space for innovators can be achieved in such a way that it acts as the connective tissue between the public sector, prospective investors, innovators and wider industry.” This month in Forbes, our Chief Scientific Officer Kath Mackay welcomes the intervention by Michelle Donelan MP, Secretary of State for Science, Innovation and Technology, to offer targeted support to some of the most promising science and tech businesses, meaning more substantive mentoring and funding for truly game-changing businesses within these sectors. Yet she also reminds us of the importance of doing more to continually improve the innovation ecosystem at a wider, more holistic level. Securing the right physical space and infrastructure is hugely important to supporting innovators to scale, especially when that infrastructure serves as the scaffold for cross-sector synergies and strategic collaboration. ➡ See here for the full article: https://lnkd.in/eJ82YPAg #Infrastructure #Collaboration #Science #Tech #InnovationEcosystems #ThoughtLeadership