EGN NEWS DESK
“The EU is a part of the issue. Thus far it has largely introduced us foolish cookie[s] and AI warnings,” Jitse Groen, CEO of Dutch food-delivery platform Just Eat Takeaway, mentioned Thursday.
Groen refers back to the EU’s heavy regulatory push in a number of expertise areas, equivalent to knowledge safety and synthetic intelligence.
“The EU might transfer to the underside of the worldwide innovation pile,” Niklas Östberg, CEO of German food-delivery platform Delivery Hero, warned if the bloc did not deal with points like regulatory boundaries and the funding hole.
Glad to see Draghi’s report calling out the regulatory boundaries and lack of funding stifling the European scaleups’ progress story. While we’re proud to be listed in Europe, the EU might transfer to the underside of the worldwide innovation pile if the brand new European Commission doesn’t… https://t.co/x4Bicm8TB9
— Niklas Oestberg (@niklasoestberg) September 12, 2024
The Commission doesn’t intend to grow to be a run-of-the-mill investor that funds unusual software program functions or different consumer-focused applied sciences.
The focus is “deep tech,” a catch-all time period for research-heavy — and, as such, capital-intensive — applied sciences equivalent to quantum computing, microchips and cybersecurity.
That might increase the bar for buyers to hitch the EU’s initiative.
Tech enterprise capitalists usually search a profitable — worthwhile — exit after a few years, whereas these extra superior applied sciences can take for much longer to commercialize and produce outcomes.
