September 3, 2020 4:15 - 5:45
Europe doesn’t produce fewer start-ups than other parts of the world. But, unlike in other parts of the world, European young companies struggle to grow due to the lack of private investment, a fragmented market, and underperformance in technology commercialisation. The European Innovation Council is arguably the biggest novelty under the mandate of Carlos Moedas, former Commissioner for Research and Innovation from 2014 to 2019. The idea= a one-stop shop for innovators to bring promising technologies from lab to market, and help the most innovative companies scale up. Since the launch of its pilot phase in October 2017, the European Innovation Council (EIC) has sparked heated debates about its mission, objectives and the well-known obstacles for companies to scale up in Europe. Looking ahead, several questions thus remain to be resolved= Where can European entrepreneurs get the best support with getting their business plans, commercialisation strategy, and possibly also team composition right? Can the European Innovation Council and other EU schemes manage to “de-risk” businesses to make them more attractive to private investors? What does it take to make Europe a start-up Eldorado? After it missed the digital technology wave – led by the US and China, can Europe take the lead in the coming wave of sustainable technology-driven growth?This session is bringing together entrepreneurs, national innovation agencies, public and private investors to discuss what’s on the horizon for EU start-ups.