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2022 State of European Tech Report
Discover the current state of European tech, including challenges, trends, and opportunities, as well as insights on innovation, sustainability, and the region's future prospects.
- Compute demand has never been higher.
- European tech companies are vulnerable to economic downturns.
- Startups are struggling to raise funding, with 82% of founders saying it’s harder this year than last.
- The region’s strong talent pool will continue to drive innovation.
- Sustainability and climate action are crucial for Europe’s tech future.
- The pandemic has accelerated tech adoption, but there’s still growth potential.
- European policy makers are trying to help fintechs thrive through initiatives like PSD2 and passporting.
- The importance of technology in improving lives will not change.
- Convergence of technological innovation will drive prosperity.
- Purpose-driven businesses will be key to a better future.
- The next 20 years will be crucial for shaping a more sustainable future.
- Venture capital will help fuel the net-zero transition.
- Climate action and sustainability are essential for tech companies.
- The region’s accounting for 50% of funding for purpose-driven startups.
- European tech companies must prioritize revenue efficiency and get spending under control.
- The talent pool in Europe is strong and will continue to grow.
- The state of European tech is vital for understanding the sector.
- European tech companies must consider their purpose and long-term goals.