Paris was the center of innovation and technology last week. The 2022 edition of VivaTech in Paris was a great success with more than 90,000 in-person visitors and 300,000 digital connections. It has become the largest technology and innovation event in Europe with CEOs, C-leaders, VCs, and startups attending from all over the world. If I had to sum up my key takeaways from the event in two themes:
Interestingly enough, EcoVadis, the sustainability rating company, raised $500M to bring more ESG to the supply chain and became the 27th French unicorn. French President Macron visited the VivaTech show and set the objective of having 25% of green unicorns among a new objective of 100 unicorns by 2030. More than a year ago, I published a blog post explaining that the French Tech ecosystem was booming but that political and business leaders in Europe had to act boldly in the next five years; otherwise the European digital economy would die slowly. I insisted in particular on the fact that:
Fast forward, a lot of progress had been made. According to GP Bullhound’s “Titans of Tech” report, there are now 283 unicorns (10 times more than in 2014) and 37 decacorns like Klarna and Revolut in Europe. European industrial leaders are starting to embrace disruptive technologies and aim at becoming B2B platforms, even though Europe is still missing a cloud-based solution. With the Digital Markets Act, the European Commission made the bold move to more drastically regulate the digital competitive landscape, even though the antitrust regulation must move faster from protectionism to innovation. Full Story at Forbes.
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