The article discusses the challenges faced by European entrepreneurs in scaling companies, noting that no EU start-up has surpassed a €100bn market cap in over 50 years, with SAP being the last in 1972. It critiques the European Commission’s “Startup and Scaleup Strategy,” arguing that while better regulation and support are needed, heavy-handed intervention is counterproductive. The author advocates for a public sector-enabled, private sector-led approach to foster synergy between start-ups and industry, emphasizing the urgency of regaining technological leadership amidst global competition, particularly in sectors like clean tech and defense technology.
