Europe has the potential to seed significant growth of new startup companies due to several key advantages:
- It already produces global brands and disruptive technologies, and has a talented young workforce and experienced venture capital.
- Several large tech companies were founded in Europe that have generated over $500 billion in wealth.
- Europe has seen some great startup exits already worth billions, and has an advanced digital infrastructure and pipeline of emerging web companies.
- With its history of innovation, available resources, and budding entrepreneurial culture, Europe is primed to commercialize new technologies and businesses if entrepreneurs are supported to take risks and learn from failures.