A joint study released today by the European Investment Bank and European Patent Office says small deep tech businesses in the EU in the so-called Fourth Industrial Revolution are facing financing, collaboration, and talent hurdles.
"From the internet of things to cloud computing, 5G and artificial intelligence, innovations in smart connected technologies are disrupting the status quo at accelerating rates across the globe," European Patent Office president António Campinos said.
"Europe’s small but highly innovative companies working in these areas can play a decisive role in advancing its competitive position in digital technologies. Today’s study highlights the policy and business conditions needed for these companies to thrive.”
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