If understand the article right according to the author high tech === software.
I would say this is far from the truth. The first covid vaccine was developed in Europe. Europe plays a big role in green energy. I would say Europe can innovate.
That doesn't mean that Europe hasn't many problems and disadvantages.
1. Lack of money for startups. Less venture capital and subsidies for startups.
2. Bad interplay between military research and startups. This basically created Silicon Valley, and it seems to be a big part in the Israeli startup scene.
3. A big part of scientific research is removed from universities => less potential founders get in contact with cutting-edge innovation.
4. No unified customer base to start with. The big home markets of China and the US seem to be a key advantage, at least for Internet/social media startups.
I would say this is far from the truth. The first covid vaccine was developed in Europe. Europe plays a big role in green energy. I would say Europe can innovate.
That doesn't mean that Europe hasn't many problems and disadvantages.
1. Lack of money for startups. Less venture capital and subsidies for startups. 2. Bad interplay between military research and startups. This basically created Silicon Valley, and it seems to be a big part in the Israeli startup scene. 3. A big part of scientific research is removed from universities => less potential founders get in contact with cutting-edge innovation. 4. No unified customer base to start with. The big home markets of China and the US seem to be a key advantage, at least for Internet/social media startups.