CEE — Do We Need a Launch Pad For Our On-Site Tech Intelligence in the Silicon Valley

.

Eszter Szabó

About Eszter Szabó

Eszter Szabó is a Corporate Communications, Public Affairs & Government Relations Executive with over 15 years of experience in CEE — GE and in the government. She is a a board member of the Economic Forum of the Foundation Institute for Eastern Studies.She is a businesswoman, an economist and honorary professor of BGF, the leading business school in Hungary. She is a promoter of Central Europe’s big potential in the global context. Eszter was Forbes Hungary’s fifth most influential business women in 2015. Twitter @eszterforcee

Want to drive a BMW? Easy, just make your contribution to the creation of a Central European (V4+) Innovation Hub!

Finally there is a positive story about Europe’s venture capital-backed start-up innovation capacity.  It comes from US-based, CB Insights, a tech market intelligence platform that analyses millions of data points on venture capital, start-ups, patents, partnerships and news media to help their users see tomorrow’s opportunities, today. The company builds software that predicts technology trends by analysing multiple data points. 

CB Insights sees the woods, not just the trees, as we say in Hungary, as they highlight more than just the major hubs in Europe. They state “Europe is home to prominent start-up and innovation hubs such as Berlin, Stockholm and London. However, the tech boom is diffusing across continental Europe and start-ups are emerging outside of the established hot-beds of technology and innovation.”

Check out their map of Europe that includes key recent players from Central and Eastern Europe, too.

They continue, saying “Ireland (Future Finance), Spain (Cabify) and Denmark (Trustpilot), to name a few locations – all have at least one tech start-up that has raised over $100M to date. One of the least well-known but certainly most notable start-ups in Europe is the Czech Republic’s cybersecurity player AVAST Software, which has raised $100 million and is valued at $1 billion. Additionally, a payments company in the Netherlands, Adyen, has raised $266 million and has a valuation of $2.3 billion.”

“Currently the Silicon Valley does not see beyond London and Paris or maybe Berlin. Central and Eastern Europe is not on the map here. Our friend, who is the US co-founder of a Polish-American start-up received a term sheet where one of the terms was to move the 50-strong Polish team to the Silicon Valley – an impossible, but telling request. The Visegrad countries have their work cut out for them to put ourselves on the map, so healthy bi-continental business models can become the norm and not the exception.”  says B. Laszlo Karafiath, PhD co-founder of the network, Neumann Society, which aims to connect Central Europe and the Silicon Valley.

The CEE and its countries must talk more about what is happening here in order to build a positive momentum, through CB Insights and others like them who are scanning the internet looking for what is going on in the world. In my previous post I suggested the creation of a united V4 brand from this emerging digital innovation location in the Valley, accompanied by a physical launch pad which could be a base for CEE to connect and promote the region with the key players of the Valley. 

This launch pad would support the Polish, the Czech, the Slovakian and the Hungarian state representatives, as an active player, as well as the innovative companies and existing networks originating from Central Europe (V4) that are already active there or it could even help them to get established. The meeting point would foster collaboration and have a bigger impact, would build awareness and strengthen networks. It also could serve as a bridge for global influencers and decision makers to engage and visit Central Europe. 

How this is linked to the picture above? The #SiliconValley sense of humour has ‘You fake it until you make it’ slogan. This is the place where a $450,000 car is a moving billboard to put a ‘College drop-out’ sign on in Palo Alto, California.

 

The concept of one V4+ innovation brand in a global context is one of the topics to be discussed at the upcoming Krynica Economic Forum with some 3,000 participants in September. Please share your opinion on how your efforts contribute to the creation of an innovation hub in Central Europe in a comment. Click here to register for the Krynica Forum.
Photo: Eszter Szabó

RELATED ARTICLES

Central and Eastern European Consumers Are Joining the Global Trends for Change

After 25 Years of Restructuring, the Romanian Power Sector Is at a Crossroad

CEE Countries Are on Their Way to Create Their Own ‘Silicon Valleys’

Digitalisation Is Keeping CEE Top 500 Companies on Top And Competitive

Are There Differences Between How Tax Regulations in Poland and IAS Treat Intangible Assets?

International Women’s Day — Let’s Take Action And Then Celebrate

Governments Across CEE Introduce New Regulations to Unleash the Region’s Full Potential

Breaking With Imitations of the Past

The Capital Markets Union: a New Beginning in the European Financial Sector?

Krynica: Mapping the Road to Central and Eastern Europe — 26 Years On

Let’s Stop Wasting Time Redefining our Place in Europe

Romania Surviving the Waves of Recent Political Tsunamis in Europe

Are Labour Shortages Driving Economic Growth?

The GREAT London Food Scene

Bakery in London

Poland’s Unicorn, Slovakia’s Flying Car and the Future of Europe

Poland: Is it Ready, and is it Time to Adopt the Euro?

Old Fashioned Skulduggery Overshadows the Elections in Moldova

Changing Perspectives and Showing That True Romania is a Vibrant Innovative Country

CEE Competing to Pick Up the Brexit Fall-Out

A Bosnian Referendum Shows Russia’s Influence in the Balkans—As Well As Its Limits

The Competitive Edge in Central and Eastern Europe

SOFIA BULGARIA - MAY 5: View of the Ivan Vazov National Theatre in Sofia on May 5 2016. Sofia is the largest city and capital of Bulgaria.

The Sharing Economy Could Bring New Business Models to CEE

Prepare for a New Europe

Business Moving Forward with Cautious Optimism — Can Investors Win the Confidence Game?

Polish Tax Laws — Fighting a Winning Battle Against Tax Evaders

Outsourcing in Germany: Stop Talking at and Start Talking to

CEE Countries Expect Brexit to Result in More Opportunities for the Region

European Volatility Makes Economic Development Slower for Ukraine

How Will Poland Approach the Brexit Negotiations?

Europe Needs To Be More Proactive In Embracing Armenia

Could the West At Least Help Ukraine To Insure FDI Against Political Risks?

The EU’s Choice: Fundamental Reform Or Disintegration

Big Fish, Small Fish, Where to Fish? On the Eve of the Fourth Industrial Revolution

Ukraine’s Reputation for Cheap Labour May Not Ring True in the Long-term

China: A Giant That Is Hard to Crack

The EU’s Benign Neglect Of Eastern Europe

Global Expansion in the Digital Age

What Is the Post-Brexit Future of Foreign Direct Investment in Central and Eastern Europe?

The Right to Water: Who Can Change Today’s Situation?

We, the Post-Communist Generation, Have the Skills to Rid of the Past And Create Our Own Future

A Positive and Modern View of Entrepreneurship

Examining How a Strong Swiss Franc Could Single-Handedly Topple Poland’s Economy

The Global Outsourcing Industry — the Rise of the Phoenix

January Kicks Off an Exciting Year for Emerging Europe

The Voice of European Business Must Be Heard Loud and Clear by Brexit Negotiators

The Netherlands’ Objection to the Ukraine-EU Association Agreement could be Costly to Europe

Measuring Growth of Societies with GDP Alone Shows an Incomplete Picture

History as Destiny? Institutional Erosion in Ukraine and Poland

Finalising the DCFTA is Expected to Bring Multiple Benefits to Ukraine

Belarus 2020: Turning the Vicious Circle Into an Upward Spiral

Will a Two-speed European Union Side-line the Visegrad Four?

Europe at Odds over OPAL and Nord Stream 2

Will the New Five-day Visa-free Regime Encourage More Visitors to Belarus?

Fiscal Policy Predictability in CEE — It’s Time for Change

Resignation in Ukraine: War, Revolution, Crisis — Some Things Never Change

United or Divided? Europe in the Face of the Challenges of Tomorrow

Poland’s Confusing GDP Growth

Czech Republic Renaming Has Real Economic Costs

LGBT in CEE — A New Acceptance Is Being Born From Migration

The Morawiecki Plan Promises a Brighter Future for Poland

Not All Quiet on the Eastern Front

A New Division Between Eastern And Western Europe?

Moving Forward Together Guarantees a Bright Future for CEE

The Long Tail of Global Expansion

The CEE Region Is Making Advances in Prioritising Waste-to-Energy Projects

The Czech Republic Is On the Way To Become a Fully Developed Economy

Brexit: Let’s Learn the Lesson and Hope a Better Europe Will Arise

Falling into Old Ways in 2017? Ukraine’s Struggle for Functioning Economic Institutions

Where’s My Cheese? – The GREAT British Food Tour 2014

Cheese Shop

People Power Reminds the Government of the Rule of Law

Leave a Reply

Your email address will not be published. Required fields are marked *