What’s Europe’s technological future – can it make unicorns?


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What is the situation?

With regards to tech unicorns, Europe lags behind China, the US and even India when it comes to numbers.

However all that could possibly be set to alter after the announcement of a brand new initiative backed by the European Fee to double the variety of European unicorns by 2030.

Kristin Skojan Lund, President of the European Tech Alliance joins Stephen to clarify how they’ll overcome this.

meet an professional

In 2021, Kristen Skojan Lund was elected as the primary feminine president of the European Tech Alliance. She can be the CEO of digital model large Shibsted.

She was beforehand Director Normal of the Confederation of Norwegian Enterprise, EVP at Telenor, CEO of a number of Schibsted manufacturers, and held positions at The Coca-Cola Firm, Unilever and the Norwegian Embassy in Madrid.

As well as, Kristin has served as President of the Confederation of Norwegian Enterprise and as a member of the boards of Ericsson and Orkla. She has additionally been a member of the International Fee on the Economic system and Local weather and the ILO International Fee on the Way forward for Work.

What does Lund say?

Stefan begins by asking Kristin Lund why Europe is so centered on the seek for new unicorns: “It is necessary to develop the European tech sector as a result of, you realize, it is the long run and we have to each have a robust European tech sector.” The sector wants financial development and create jobs… Constructing unicorns is an indication that you have been profitable in creating new and scalable firms.”

And the way can the European Tech Alliance assist? “What can we do to make it possible for situations in Europe are as favorable as they are often for individuals with good concepts in order that they’ll actually succeed.”

Lund says, “We’d like predictable and good regulation. I believe all of us share an ambition that expertise ought to be for good. I imply, expertise ought to assist remedy society’s issues, Not simply to strengthen the issues we have already got. So I believe it is actually necessary that we now have good regulation the place we now have honest competitors, the place you’ll be able to’t, for instance, self-prefer If you have already got a dominant place that can hinder new entrants to the market. We additionally want a safe web the place you’ve gotten strict guidelines on what’s allowed and what’s not and removing of dangerous content material.”

Lund continues: “A part of our situation has been fragmentation and I believe Europe is getting higher at being much less fragmented. We have to scale as much as scale … Need to get companies which are extra European primarily based, so we are able to actually meet the wants of European customers even higher. And I believe that is driver for each entrepreneurs and our authorities and regulatory our bodies And there is inspiration.”

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