European Tech is growing

Economist:

Jolted by the deterioration of Europe’s relationship with America, policymakers are redoubling efforts to strengthen its technology ecosystem. At the same time, America and China have made decisions that make Europe relatively more attractive to tech workers and investors. The continent’s established tech companies, though few in number, are now nurturing a new generation of startups. ...

Europe is also getting over its reluctance to let techies make lots of money. ...Now European tech companies are giving out more options...

Mr Trump’s demand that Europe (including Ukraine) do more to defend itself is also spurring high-tech arms-making in a region that had little of it. ...

China, too, is helping inadvertently. Its model of state-directed innovation has crowded out private investment and shrunk VC spending, pushing some towards Europe.