Discussions around entrepreneurship in Europe often revolve around the creation of unicorns, which are businesses valued at $1 billion or more. There has been a longstanding concern across the continent that the lack of tech companies to rival those emerging from Silicon Valley is undermining the vibrancy of the European economy.
These concerns persist despite a report from i5invest that Europe actually created twice as many unicorns as the United States in 2021. Now, as a recent report from the European Innovation Council suggests, the concern has moved from creating to keeping unicorns. The authors bemoan the fact that many high-growth businesses have to leave Europe in