Between 2008 and 2021, almost 30% of startups worth more than a billion dollars (‘unicorns’) founded in Europe have relocated abroad, with the majority going to the United States. This is the observation made by the European Commission and the problem it intends to remedy in its “Startup and Scaleup Strategy”, due to be published at the end of May, a copy of which has been sent to Agence Europe.
It therefore believes that a “structural shift of the European economy towards a more...