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

This month, the European Commission published Mario Draghi’s long-awaited EU competitiveness report. Its key finding? The EU must overcome the innovation gap to prevent economic slowdown. According to the report, only four out of the 50 leading tech companies across the globe are based in Europe. In his address to the European Parliament, the former Italian premier said: “The core problem in Europe is that new companies with new technologies are not rising in our economy. In fact, there is no EU company with a market capitalisation over €100 billion that has been set up from scratch in the last…

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