On October 8th 2019, the European Parliament Vice-President Dita Charanzová hosted the European Tech Alliance (EUTA) for a discussion in the European Parliament on the future of Europe’s tech ecosystem and the potential for Europe to become a global tech leader.

The event, that gathered participants from across the Parliament, Commission and Member States, featured the presentation of the EUTA’s “Europe’s Tech Vision Five Years from Now”, a pragmatic agenda of very realistic proposals which outlines the EUTA members’ recommendations for a vibrant European tech ecosystem.

Gianpiero Lotito, President of the European Tech Alliance, said: “The idea floated by the European Commission of launching a 100B EU sovereign wealth fund to help building EU Tech Champions to compete with US and Far East rivals indicates a complete paradigm shift, because, for the first time, Europe declares its intention to secure Europe’s sovereignty in a cross-cutting and wide-ranging strategic industry such as the digital one. After the successful experience in supporting the European space and aeronautics industry, this proactive support towards a digital sovereignty is a very strong signal because it impacts on the most important market in the world in this historical phase.”

Until now in Europe the digital industry has been often interpreted as an ICT services industry without the need of having European technology vendors. This vision has not been very helping for an emergent ecosystem like the European one to be technologically competitive with the current two big dominant blocks, US and Far East. A strong European digital industry cutting-across the other industries will allow the whole European industrial and service ecosystem to be more competitive. A first step, however, to have a solid and competitive European digital industry is to support the birth of a first generation of Tech Champions as it was for the Silicon Valley in the 80s and for the Far East in the 2000s.”

Too too often in Europe the Public Administration is forced to buy the cheapest versus the best. To grow a competitive European digital industry another fundamental step requires the adaptation, simplification and speeding-up of the current European public procurement models, which make it extremely difficult for the European PA to adopt the technologies of the most innovative European companies and, above all, do not allow the European PA to have access to the best and up-to-date technologies,” concluded Lotito.