S2.2 Europe needs a revolutionary digital platform to spearhead its Innovation Renaissance

Europe needs a revolutionary digital platform to spearhead its Innovation RenaissanceBy Guus KederAs Europe stands at a critical crossroads, the stakes couldn’t be higher. Our research paints a stark picture – without decisive action, Europe faces a staggering EUR 40 trillion wealth gap with the US by 2032. The recent Draghi and Letta reports underscore this urgency. The time has truly come for Europe to reimagine its approach to innovation.At the core of this transformation lies what we call the ‘Innovation Iceberg’ While investors traditionally chase visible, mature technologies that can be easily and quickly commercialised, Europe’s true strategic opportunity lies beneath the surface, in early-stage breakthroughs developed through its vast academic and research efforts. Alas, these often remain hidden from view and struggle for support and attention.As Europe’s strategic sovereignty fully depends on unlocking this opportunity, it thus needs to be coordinated by a consortium consisting of decision makers at the highest levels of the European Commission and leading corporations in Europe.To harness this potential, we need a revolutionary digital platform that identifies all participants in the innovation ecosystem and that maps and coordinates both the visible and invisible parts of the iceberg. This will empower all these participants and democratise converting innovation into commercial ventures across the continent.Watch more here Hosted on Acast. See acast.com/privacy for more information.