EU launches tech startup accelerator and think tank to follow Silicon Valley’s success
The European Commission (EC) wants to match Silicon Valley’s success in the tech arena. To do so, the EC has launched a tech startup accelerator and think tank in Europe, according to V3.
The EC launched the Startup Europe Partnership accelerator and the European Digital Forum think tank at Davos’ World Economic Forum. The founding partners of the said projects include Telefonica, the European Investment Bank, Orange, the University of Cambridge, and Nesta, the report detailed.
The accelerator program aims to help tech firm in Europe achieve global success without being hindered by the economic limitations of their home country. UK innovation charity Nesta and the Mind The Bridge Foundation will head the said program, the report explained.