The 💜 of EU tech
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Credit: Dealroom
Speaking on the topic of fragmentation of the European tech ecosystem at the presentation event, Marcin Hejka, co-founder and general partner at OTB Ventures, noted that the issue is not necessarily about regulation or the internal market size.
“The problem is on the technology consumption level,” he said. “Europe as a continent is a late adopter, especially on the enterprise side. […] But when there is willingness [at a corporate] to buy from a startup, they’re looking for startups from their own countries — and that’s a problem.
“If you’re a German startup, you’re pretty okay selling to German enterprises. But if you’re a startup from Romania or from Slovakia, or any other [smaller] country, it’s going to be an uphill effort.”
Theoretically, EU funding mechanisms should be solving this issue among others, however, most EU-backed startups are still based in Western Europe, with France, Germany, and the UK topping the rankings.
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Publish date : 2024-11-06 06:08:00
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