French President Emmanuel Macron sat down with Niklas Zennström for an interview on the European tech ecosystem. Macron listed all the things that’s wanted to create European tech giants that compete with the largest American and Chinese language tech firms.
Based on him, Europe must concentrate on “financing, integration of our markets and an precise single market, regulation for privateness and technological innovation, and having European knowledge, a European cloud and European applied sciences to make sure that we don’t rely on others,” Macron mentioned.
Zennström based Skype and is at present operating prolific funding agency Atomico. As Zennström isn’t a reporter, he wasn’t notably confrontational in the course of the pre-recorded interview. Earlier as we speak, his agency launched its annual State of European Tech report and held a digital convention that featured Macron’s interview.
Within the report, you possibly can see that French startups attracted over $5 billion in funding rounds in 2020. Macron listed among the explanation why French startups have been growing, together with the French Tech Visa, some tax reforms (flat tax on capital positive factors and the top of the wealth tax besides on actual property), some non-public efforts to enhance range, similar to Station F and Ecole 42, and so forth.
However Zennström didn’t come to the Elysée Palace for Macron’s year-end efficiency overview. Macron desires to foster a very European tech ecosystem with out borders. “We’d like European financing, European options, European expertise. Now, if you take a look at the map, we have now what we name the GAFA within the U.S., the BATX in China and GDPR in Europe,” Macron mentioned.
“We’ve got regulation, honest level. However we don’t have the equal of those very, very massive caps,” he added.
Based on him, it begins with European financing. Last year, the French authorities has satisfied institutional buyers to take a position extra closely in late-stage tech firms. Different nations ought to observe go well with to create extra public tech firms in Europe.
Earlier this 12 months, the French authorities unveiled an formidable support plan for startups in the course of the financial disaster. “It’s been copied by different European nations,” a supply near the president mentioned.
However Macron doesn’t wish to be the inspiration for different nations. He desires to place himself because the chief of a single European tech ecosystem.
“We’d like an precise European digital market. Right now, a number of entrepreneurs should take care of 27 laws. This why the completely different directives arriving within the coming weeks, round mid-December — for digital companies and digital markets — are essential,” he mentioned.
And but, the present financial disaster has proven us that European governments all have their very own stimulus plans. In Europe, on the subject of taking formidable financial selections, it’s laborious to seek out frequent floor. Let’s see if the identical is true with tech ecosystems.