1、Accelerating EuropePart 1 of 3The State of European Innovation and Why It MattersFebruary 202530.10.2024WARSAW,POLANDCENTRAL HOUSE OF TECHNOLOGYThe EU-backed startup ecosystem16 October 2024LuxembourgPage/2 Capital alone wont deliver long-term returns,though.It needs to be accompanied by a positive,

2、long-term mindset and high tolerance for risk.We once wondered when the first billion dollar companies would emerge:now we have 350 of them.Then it was$10bn,then$100bn and weve seen Arm,ASML and Spotify break those ceilings.Europes founders will always rise to meet the next level of ambition,no matt

3、er the scepticism or the challenges ahead of them.We need to create the right conditions to allow them to flourish.Tom WehmeierPartner&Head of IntelligenceThe opportunity in Europe right now is unprecedentedFOREWORDIf we take bold,positive action in the next decade we will realize trillions of dolla

4、rs of additional value and millions more jobs in European tech.We know what our strengths are and where we need to change to unlock the regions full potential.Europe needs to seize the moment,set the terms and build a world where technology drives prosperity,trust fuels growth,and ambition shapes th

5、e future.Im optimistic because there are a few essential ingredients any ecosystem needs to thrive-experienced talent,capital and mindset.Europe has always had exceptional talent and our early-stage flywheel is spinning.The region is home to 35,000 early-stage startups,more than any other globally.N

6、ew founders are building with more experience and ambition than ever,supported by a strong pipeline of early-stage capital.The success of this ecosystem-building means Europes scaleup potential has never been greater.But to take this even further,Europe must address a$375bn growth capital funding ga