Filed in archive Global Economy by tj on November 18, 2005

McKinsey has published a new report saying that Europe is in Acute danger to loose its edge as business location for high tech companies.

The report finds only 17% of the world's biggest high tech companies in Europe. Especially damaging is the picture within the software industry where only 3 European companies reach a level of 1 billion Euro in revenues.

14 US companies have mastered this.

Time for change in Europe?

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Permalink: Europe falling behind

Tags: europe high technology entrepreneurship behind europe+falling falling+behind venture+capital

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