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European Business Summit explores the future of the technology industry PDF Print E-mail
Tuesday, 23 May 2017
As the EU General Affairs Council meet to discuss Brexit today, the Rt Hon Philip Hammond and members of the European Commission, such as Pierre Moscovici, and Jykri Katainen, will meet to debate what is next for Europe at the European Business Summit. Topics of discussion will include the future of the single market, retaining and attracting young talent in Europe, and future-proofing European industry.

One of the hot topics is the future of the technology industry, with a planned roundtable discussion focussing on how to develop an industrial strategy for Europe. FacilityLive, an Italian start-up that is transforming information through unique ‘human language search’ technology, will be speaking for the third year running. They are amongst a group of ambitious firms who are helping revolutionise their individual sectors, by strengthening the business environment for start-ups and creating an ecosystem that nurtures world class leaders in technology.

Gianpiero Lotito, the CEO and co-founder of FacilityLive, comments “We are now seeing more multinational companies investing in UK technology start-ups, such as with Japan’s SoftBank financing Improbable. This type of investment highlights Britain and Europe’s exciting potential to produce world-leading technology innovations, but we need to create the right conditions to ensure that companies succeed in Europe and stay in Europe.”

At the European Business Summit, Lotito will shed light on how to develop a successful technology strategy for Europe. With its objective to open up digital opportunities for business and people, he will place emphasis on how the Digital Single Market will allow Europe to become a world leader in the digital economy.

Lotito continues: “Europe is a greenfield of opportunity for technology innovators. However, in the current post-Brexit landscape, Europe shouldn’t be looking to simply emulate Silicon Valley or the Asian model. We need to think about distinctive models to encourage growth in Europe.”

“The Digital Single Market is crucial to the creation and facilitation of a model made up of ‘small valleys’. We must strive to protect and promote collaboration within Europe’s small towns and also cross-communication between them. Our world class small cities built around leading universities, offer the perfect ecosystem for incubating and cross-fertilising innovation. It is possible to create a multitude of small valleys, where digital innovators work in conjunction with students, entrepreneurs, young skilled professionals and vibrant local institutions. If given the chance to develop and expand, it will pave the way for European technology companies to pursue opportunities that would have been inconceivable a few years ago.”
 

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