EU Challenges Tech Innovation Gap

This is a Spain news story, published by The Next Web, that relates primarily to Valencia news.

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The Next Web

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Spain’s tech sector offers a view into Draghi’s ‘Innovation Gap crisis’

Summary

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82% Informative

Valencia , Spain ’s third -largest city, has been hard at work over the past few years transforming itself into a tech and innovation hub.

Despite getting an average of 300 sunny days a year, the city had long been overshadowed by its big brothers Madrid and Barcelona when it comes to tech.

Despite the leaps and bounds the city's tech leaders have taken to create growth in a short period, more changes need to be made at the policy level to support tech hub initiatives such as theirs.

Draghi’s report highlighted the lack of late-stage capital for European startups.

Nacho Mas , Patricia Pastor , and more thought leaders from Europe 's tech ecosystem will discuss the policies and initiatives that could help Europe close the innovation gap.

Mas: More European funds should also be made available to boost and reward startups that have achieved success.

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formal

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English

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