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

_______________

The views expressed in this opinion editorial are the author’s own and do not necessarily reflect Emerging Europe’s editorial policy.

RELATED ARTICLES

Under Promise, Over Deliver: Prospects for the EU’s Eastern Partnership in 2018

Eastern partnership

Slovenia’s Presidential Election: Pahor Expected to Romp Home

Slovenia flag against blue sky waving in wind

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

Romania Surviving the Waves of Recent Political Tsunamis in Europe

Not All Quiet on the Eastern Front

Prepare for a New Europe

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

The EU’s Choice: Fundamental Reform Or Disintegration

European Volatility Makes Economic Development Slower for Ukraine

The Sharing Economy Could Bring New Business Models to CEE

Belarusian Journalists Still Face Huge Problems

China: A Giant That Is Hard to Crack

Serbia’s New PM Is Cut From a Familiar Cloth

Serbian flag emerging europe

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

Bulgaria Needs a Reform-Oriented Government to Take Full Advantage of its EU Membership

bulgaria emerging europe

Ex-Transition Economies’ FDI Recovery

dollar euro fdi

How Will Trump’s Visit Affect Polish Politics?

Donald trump

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

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

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

E-lifestyle and Cyber Security: Some Views From Estonia

Cyber Security Protection Firewall Interface Concept

A Positive and Modern View of Entrepreneurship

Czech Own Currency Insures Against Euro Losses

Euro Czech republic emerging europe

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

Defending EU Values in Poland and Hungary

Eu hungary poland

Outsourcing in Germany: Stop Talking at and Start Talking to

The GREAT London Food Scene

Bakery in London

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

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

Moldova Falls Victim to Politicising

moldova emerging europe

A New Division Between Eastern And Western Europe?

When Neutrality Isn’t an Option

President of the Russian Federation Vladimir Putin

Will Poland Leave the European Union?

polexit

Macedonia’s Controversial Coalition Government

SKOPJE MACEDONIA emerging europe

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

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

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

Moving Forward Together Guarantees a Bright Future for CEE

Poland’s Capital Saturation Lower Than the Czech Republic’s

deloitte fdi poland

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

Good Match But Unlikely Marriage

Let’s Stop Wasting Time Redefining our Place in Europe

Albania’s Election Apathy

tirana albania

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

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

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

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

Cheese Shop

Partnership is the Key to CEE-Indian Business

Poland’s Confusing GDP Growth

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

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

Regional Relations in the Western Balkans: Moving Beyond Folklore

Bosnia and Herzegovina flag with Serbia flag, 3D rendering

After Its Significant Rise the Georgian Economy May Now Fall

Panorama of Tbilisi, Georgia in sunset rays. Vivid, saturated, splittoned image.

January Kicks Off an Exciting Year for Emerging Europe

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

Old Fashioned Skulduggery Overshadows the Elections in Moldova

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

Czech Republic Renaming Has Real Economic Costs

Stuck in Neutral: Georgia’s Constitutional Reforms

Tbilisi Parliament Georgia

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

People Power Reminds the Government of the Rule of Law

Digitalisation Is Keeping CEE Top 500 Companies on Top And Competitive

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

Azerbaijan: The Rich Get Richer and the Poor Get Nothing

Baku

Are Labour Shortages Driving Economic Growth?

Adam Smith’s Warning for Poland

Poland Challenges the European Identity

Poland emerging europe

Is the CEE Region About to Steal the Outsourcing Crown From India?

Amazing view on the Taj Mahal in sunset light with reflection in water. The Taj Mahal is an ivory-white marble mausoleum on the south bank of the Yamuna river. Agra Uttar Pradesh India.

Impact of Brexit on EU-CEE Not Overstated

theresa may brexit

EU-CEE Is Still Growing at a Healthy Rate

Prague emerging europe

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.

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

Hungary and Israel: the Collision of Past and Present

Budapest synagoge

Is the Level of Foreign Ownership a Problem in Emerging Europe?

Flags of European countries flying from their capital cities. Viewed from the South.

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

Finalising the DCFTA is Expected to Bring Multiple Benefits to Ukraine

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

Global Expansion in the Digital Age

Why Hungary’s New NGO Law Is Harmful for Business

Budapest, Hungary. Aerial view of the old city Budapest, Hungary with river and Parliament Building with cloudy blue sky

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

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

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

Europe at Odds over OPAL and Nord Stream 2

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

How Will Poland Approach the Brexit Negotiations?

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

Europe Needs To Be More Proactive In Embracing Armenia

Only a United Opposition Can Defeat Poland’s Ruling Law and Justice Party

Classical building of Polish parliament. Warsaw in Poland.

Can Armenia Keep a Foot in Both Camps?

European union armenia russia emerging europe

Political Tensions Rise As Croatia Allegedly Breaks the Dublin III Refugee Regulation

croatia migrants

How strong is V4?

Viktor Orban

Nagorno-Karabakh Conflict Moves from Frozen to Kinetic

Nagorno-Karabakh

CEE Competing to Pick Up the Brexit Fall-Out

Poland Needs to Cling to the Eurozone

zloty euro emerging europe

History as Destiny? Institutional Erosion in Ukraine and Poland

Hungary’s Nationalist Assault on Free Enquiry

victor orban ceu

The Long Tail of Global Expansion

Belarus 2020: Turning the Vicious Circle Into an Upward Spiral

The Global Outsourcing Industry — the Rise of the Phoenix

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

Emphasising the Incongruence Between the V4 Countries

Macron emerging europe

Poland’s Drift Away From Democracy

Polish Tax Laws — Fighting a Winning Battle Against Tax Evaders

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

Swimpassing Dniester Without Prejudice To Democracy

Parliament of the republic of moldova in chisinau, national flag, stefan cel mare street, spring time with blue sky

EU Visa-Liberalisation Strengthens Georgia’s Pro-Western Path

georgia emerging europe eu

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

Measuring Growth of Societies with GDP Alone Shows an Incomplete Picture

The EU’s Benign Neglect Of Eastern Europe

Is there any prospect of ‘Polexit’?

poland european union polexit

Breaking With Imitations of the Past

The Morawiecki Plan Promises a Brighter Future for Poland

PiS Uses Media Control to Bring Poland to Heel

Jaroslaw kaczynski pis emerging europe

CEE-Benefits and Disadvantages of Joining the Eurozone

forint zloty euro

2018 Elections — Vital Decisions for Hungary’s Future

Victor Orban energing europe

Leave a Reply

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