Some facts:
- 80% of the technologies and services for Europe’s digital transformation are developed outside the Union;
- Only 13% of high-value startups are based in the EU;
- Less than 4% of the top online platforms are of European origin.
To stimulate innovation and support digital transformation, the EU is now proposing a series of policy initiatives, including simplification of regulatory procedures, support for local business development and major investment programmes. European investments in digital technologies have increased tenfold over the past decade, from €39.3 billion to €389.3 billion.
The aim of these steps is to make Europe’s digital market more favourable to local startups and attractive to investors, accelerating innovation and boosting Europe’s competitiveness on the global stage.
B&K Agency is dedicated to providing insights to help build a competitive, secure and innovative digital future for Europe.
