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Thread: Is Europe a technologically unsuccessful continent?

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    Veteran Member Deneb's Avatar
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    Default Is Europe a technologically unsuccessful continent?

    This is a list of the world's largest technology companies by revenue. It seems that since the bankruptcy of Nokia, Europe has not again had any technological company among the most important in the world. Is there a future in a continent that technologically is a failure? What do you think? Discuss.





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    Germany got SAP,Siemens and Telekom.

    SAP is very promising

    https://en.m.wikipedia.org/wiki/SAP_SE

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    But in general I think you right, our tax policy, school policy, social policy etc

    Is crippling innovations and anything else, nothing about Europes future is positive.

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    The biggest producer of semi-conductors is ASML. And they are far from the only one. What you see is a lot of European start-ups (Skype comes to mind) who are then quickly bought up by Americans. Same goes for Linux. Opera Software AS is another European firm.


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    https://qz.com/1320983/why-arent-eur...-us-and-china/

    One of the biggest reasons Europe lags behind the rest of the world is funding, and in particular the size of the funding rounds, according to Manish Madhvani, managing partner at GP Bullhound. Raising large amounts of money allows young companies to quickly put together all the pieces of a business they need to keep up their momentum.


    The biggest American and Asian tech firms created since 2000 raised an average of about $7.3 billion, while the European equivalent was $1.6 billion, according to a report by the advisory and investment firm: “Without an increase in mega rounds Europe will never catch up with its American and Asian competitors.”


    There are signs of a pickup in funding, however. Nine companies, including fintech firms TransferWise and Klarna, raised $200 million or more last year, according to GP Bullhound. There were only two that raised that much in 2013 (one of them was by Spotify).


    Given this optimism, GP Bullhound thinks Europe has several promising candidates to make it to valuations of $50 billion or more:


    Another reason Silicon Valley sprints ahead is because of its culture. For Maria Scott, CEO of TAINA Technology, this is even more important than the venture capital money sloshing around in San Francisco. The London-based co-founder says the mentorship, support, and advice from veteran tech entrepreneurs in the Valley is “palpable—it’s like walking into an oasis.”


    The startup network matters when the going inevitably gets tough, and a founder is tempted to sell the business or lower her ambitions. Seasoned counsel can give a young executive the confidence to keep going, Scott says: “You can only get that from people who have done it many times.”


    In London and Paris, there are high-profile efforts to foster a stronger community. TAINA, a regulatory technology firm, ramped up in Level39, which was founded in London’s Canary Wharf to build a community of mentorship and support for tech companies. Scott says these kinds of programs are making a difference, although cultural change takes time.


    GP Bullhound’s Madhvani says Europe didn’t originally have that pay-it-forward mentality, but it has increasingly adopted it at a time when the spirit of giving in Silicon Valley is arguably being distorted by superstar celebrity entrepreneurs.


    He says you can tell European startups are opening doors for each other because there are more billion-dollar companies. There are 69 unicorns in European now—led by the UK—more than double the number in 2014.

    Quote Originally Posted by Teutone View Post
    But in general I think you right, our tax policy, school policy, social policy etc

    Is crippling innovations and anything else, nothing about Europes future is positive.

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    ASML
    's figures:

    Revenue 10.944 billion (2018)[1]
    Net income 2.592 billion (2018)
    Total assets 18.196 billion (2017)
    Total equity 10.676 billion (2017)
    Number of employees >23,000 (2019), 123 different nationalities[2]


    Philips:

    Products Electronics
    Medical equipment
    Revenue 18.121 billion (2018)[1]
    Operating income €1.719 billion (2018)[1]
    Net income €1.097 billion (2018)[1]
    Total assets €26.019 billion (2018)[2]
    Total equity €12.088 billion (2018)[2]
    Number of employees 77,400 (2018)[2

    And then we also have smaller companies like Galapagos NV - a Belgo-Dutch pharmaceutical research company.

    And, of course, NXP Semiconductors

    Products Semiconductors
    Revenue US$9.41 billion (2018)
    Operating income US$850 million (2018)
    Net income US$2.2 billion (2018)
    Number of employees 31,000 (2017)[1]
    Website www.nxp.com

    Last edited by The Lawspeaker; 05-17-2019 at 12:00 AM.


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    That's the result of living in a capitalist society, capitalism creates innovation and that innovation also goes for medications and medical technology which European socialist countries rely on.

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    Quote Originally Posted by tekken999 View Post
    That's the result of living in a capitalist society, capitalism creates innovation and that innovation also goes for medications and medical technology which European socialist countries rely on.
    Which European countries are socialist ?


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    All the companies I mentioned are basically situated in and around Eindhoven where also other, foreign, companies have set up shop as well in and around the Campus. And then we're not even talking about the research centres at Delft and Wageningen Universities. (and the companies that are attacked to those).


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