French President Emmanuel Macron sat down with Niklas Zennstrom for an interrogation on the European tech ecosystem. Macron scheduled everything that’s needed to create European tech monsters that compete with the biggest American and Chinese tech companies.
According to him, Europe needs to focus on “financing, integrating of our sells and an actual single sell, regulation for privacy and technological innovation, and having European data, a European mas and European engineerings to be sure that we don’t depend on others, ” Macron said.
Zennstrom founded Skype and is currently running prolific investment firm Atomico. As Zennstrom isn’t a reporter, he wasn’t peculiarly confrontational during the pre-recorded interview. Early in the day, his firm exhausted its annual State of European Tech report and impounded a virtual powwow that peculiarity Macron’s interview.
In the report, you can see that French startups attracted more than$ five billion in funding rounds in 2020. Macron scheduled some of the reasons why French startups have been growing, including the French Tech Visa, some duty reforms( flat duty on fund gains and the end of the wealth tax except on real estate ), some private efforts to improve diversity, such as Station F and Ecole 42, etc.
But Zennstrom didn’t come to the Elysee Palace for Macron’s year-end performance review. Macron wants to foster a rightfully European tech ecosystem without territories. “We need European financing, European mixtures, European talent. Now, when you look at the delineate, we have what we call the GAFA in the U.S ., the BATX in China and GDPR in Europe, ” Macron said.
“We have regulation, fair phase. But we don’t have the equivalent of these very, very great caps, ” he added.
According to him, it starts with European financing. Last year, the French authority persuasion institutional investors to invest more heavily in late-stage tech fellowships. Other countries should follow suit to create more public tech fellowships in Europe.
Earlier this year, the French authority unveiled an ambitious support plan for startups during the economic crisis. “It’s been reproduced by other European countries, ” a source close to the president said.
But Macron doesn’t want to be the inspiration for non-eu countries. He wants to position himself as the heads of state of a single European tech ecosystem.
“We need an actual European digital busines. Today, a lot of industrialists must be addressed 27 regulations. This is why the different directives arriving in the coming weeks, around mid-December — for digital services and digital marketplaces — are critical, ” he said.
And more, the current economic crisis has shown us that European authorities all have their own stimulus plans. In Europe, when it comes to taking ambitious economic decisions, it’s hard to find common ground. Let’s see if the same is true with tech ecosystems.
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