“We discussed the right to competitiveness for Europe’s growth, and research is crucial in this regard: Europe invests 1.5% of its GDP, China 2.5%, and the United States 3.5%. The top eight publicly traded companies in the United States are high-tech firms. We must focus on creating European champions of cutting-edge technology. To do this, we required to invest in research, and the first step is startups. We have very few venture capital firms in Europe; in Italy, compared to other European countries, we are third to last, and therefore we must consider startups not as a plaything for young people, but as research and development for compact and medium-sized enterprises.” This was stated by Maurizio Casasco, member of Parliament and head of the Forza Italia economics department, at the meeting promoted by Adnkronos and Meta at the American Studies Center on the topic of technological innovation and European regulation. “Startups,” he added, “represent the gateway to creating major technology champions to compete internationally, as has happened in the United States, China, and other countries.”
(Adnkronos)
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