The tech sector represents 15% of EU's GDP. I currently work in the tech sector in europe, there's no shortage of companies hiring (both startups and enterprise), and anecdotally, from my personal network, enough startups are surviving the 5 and 10 years mark that I'm pretty confident there's enough new ideas/companies (as opposed to only having old/legacy enterprises) to ensure the good health of the sector.
Now, I will acknowledge that funding is more complicated in the EU compared to the US - but that's something that has been acknowledged by EU leadership and is being actively worked on. The Draghi report lays out a vision for how this can be achieved, with recommendation on what steps to take to achieve that vision. https://commission.europa.eu/topics/competitiveness/draghi-r...
So yeah, the tech sector is still well and alive in the EU, and there is reason to believe that it's going to get in an even better position.
Duh, I work in tech in Europe myself. Look at the stock market, look at exit returns, look at employment rates, look at salaries, look at dividends, look at the number of startups. EU tech sector sucks compared with the US. It's not even close in terms of economical breadth, depth of integration, speed, size, capex, value created domestically and/or abroad, and overall trajectory.
https://www.cer.eu/insights/europe-has-produced-tech-champio...
https://www.investeurope.eu/news/newsroom/state-of-european-...
The tech sector represents 15% of EU's GDP. I currently work in the tech sector in europe, there's no shortage of companies hiring (both startups and enterprise), and anecdotally, from my personal network, enough startups are surviving the 5 and 10 years mark that I'm pretty confident there's enough new ideas/companies (as opposed to only having old/legacy enterprises) to ensure the good health of the sector.
Now, I will acknowledge that funding is more complicated in the EU compared to the US - but that's something that has been acknowledged by EU leadership and is being actively worked on. The Draghi report lays out a vision for how this can be achieved, with recommendation on what steps to take to achieve that vision. https://commission.europa.eu/topics/competitiveness/draghi-r...
So yeah, the tech sector is still well and alive in the EU, and there is reason to believe that it's going to get in an even better position.