European tech catches up with Silicon Valley
Posted: Mon Feb 17, 2025 5:57 am
"Slush" is an opportunity to meet the cream of the crop of the Nordic tech scene, thanks to which Europe can cure its inferiority complex in the face of Silicon Valley . Indeed, this year Europe has twice as many IPOs (initial public offerings) as the United States, including Spotify with its 26 billion dollars.
The report " The state of European Tech " produced cyprus mobile database each year by the company Atomico, and presented at the beginning of the Helsinki event, predicts a record of 23 billion dollars of investments in European tech, against 5 billion five years ago. 17 new companies have exceeded the barrier of a billion dollars of stock market valuation this year, that is more than double of last year.
The only downside: Europe has had difficulty showcasing its nearly 2 million researchers in this ecosystem, an element that "Slush" is trying to remedy with the "Science Pitching Competition" in particular. Another obstacle compared to the United States and China: regulation , in particular the recent GDPR law, which adds constraints to development, even if the majority of start-ups consider the law to be beneficial for its customers. Another challenge remains: having copied and pasted the Silicon Valley model, Europe has a serious diversity problem in the tech sector, traces of which can be found, despite efforts, in the very masculine selection of speakers at "Slush". An issue also addressed in the intervention of Margrethe Vestager, European Commissioner for Competition.
The report " The state of European Tech " produced cyprus mobile database each year by the company Atomico, and presented at the beginning of the Helsinki event, predicts a record of 23 billion dollars of investments in European tech, against 5 billion five years ago. 17 new companies have exceeded the barrier of a billion dollars of stock market valuation this year, that is more than double of last year.
The only downside: Europe has had difficulty showcasing its nearly 2 million researchers in this ecosystem, an element that "Slush" is trying to remedy with the "Science Pitching Competition" in particular. Another obstacle compared to the United States and China: regulation , in particular the recent GDPR law, which adds constraints to development, even if the majority of start-ups consider the law to be beneficial for its customers. Another challenge remains: having copied and pasted the Silicon Valley model, Europe has a serious diversity problem in the tech sector, traces of which can be found, despite efforts, in the very masculine selection of speakers at "Slush". An issue also addressed in the intervention of Margrethe Vestager, European Commissioner for Competition.