It’s Time to Disrupt Europe, Digital First

Written by Kumardev Chatterjee, Founder & President of European Young Innovators Forum

Kumardev Chatterjee, Founder & President of European Young Innovators Forum

Kumardev Chatterjee, Founder & President of European Young Innovators Forum

Over the last 30 years, the European Union has failed in innovation capacity and the main reason is its mindset: in on the one hand, societally, europeans have grown increasingly risk-averse in the last 30 years while on the other, structurally, it has also been slow to encourage and reward risk-taking.

Today, the failure to innovate better and faster particularly in the digital space, is the EU’s principal undoing and the central threat to Europe’s digital future.

Change is not luxury but mandatory. The alternative is significant loss leading to oblivion. It is time to disrupt Europe. Digitally first, starting with Digital Innovation and Entrepreneurship.

How should we do it? The first step is to encourage young people to overcome their traditional risk-aversion and move out of their comfort zone, so they embrace the opportunities and challenges of innovation and entrepreneurship, including failure. In parallel, European governments, businesses, societies and individuals need to support and reward risk-taking by sustaining an ecosystem for entrepreneurs that helps young people acquire the right mentors and access to finance, customers and markets for their ideas and businesses. The European Parliament, and Commission in particular, need to create and adopt an unified regulatory framework that supports the creation of new start-ups from early-stage to growth with specific policy instruments.

The European Young Innovators Forum vision is a Europe that supports startups, particularly the digital ones, and entrepreneurs. Europe for Startups 2020 overarching goals should aim to create and sustain a vibrant digital start-up economy in Europe that generates 10.000 new startups a year and 250.000 jobs, with 2.5% of the job market covered by them and 9.5% of total European GDP from their economic activity (including exits).

Europe needs re-configurations of its non-functional systems and ways of doing business and to generate disruptive change. It needs to create an attitude for Digital First in its innovation and business narrative, as well as an attitude for risk taking. An environment, basically, where failure is embraced and success celebrated.

A Europe that puts digital first will be a Europe that changes the game when it comes to innovation and leadership, boosting prosperity, to be a Europe that works for its citizens and one that they can believe in. This is the Europe the European Young Innovators Forum are striving to build.

Let’s join forces, let’s Disrupt Europe.

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

the European Sting Milestones

Featured Stings

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

COP21 Breaking News_10 December:#ParisAgreement: Points that remain in suspense

MEPs want to ensure sufficient funding for Connecting Europe’s future

This Netherlands football stadium creates its own energy and stores it in electric car batteries

“Be aware where you put your I Agree signature on and something else”; now Facebook by default opts you in an unseen private data bazar

Commuters in these cities spend more than 8 days a year stuck in traffic

Energy Union: EU’s effort towards a cleaner climate with integrated energy market

Here are 3 alternative visions for the future of work

Is the European Banking Union an impossible task?

Scotland and First Minister Salmond enter the most challenging battlefield for independence: Europe

This heroic doctor is waging war on rape and the stigma around it

“I believe that startups are for grown-up men, those, who have already achieved something “

Trump and Brexit: After the social whys the political whereto

Central African Republic: UN chief hails signing of new peace agreement

Main results of G20 summit in Buenos Aires, Argentina

In Gaza, UN envoy urges Israel, Palestinian factions to step back from brink of a war that ‘everybody will lose’

‘Stop and listen’ to victims of terrorism, UN chief urges in message marking international day

He died so I could live: UN peacekeeper pays tribute to fallen colleague

Costa Coffee products (Copyright: Costa Coffee; Source: Costa Coffee website, Press area)

The start of the “Caffeine rush”: Coca-Cola acquires Costa Coffee days after Nestlé-Starbucks deal

A call for a new crop of innovators

“At the Environment Assembly citizens expect clean, not hot air”, the Head of UN Environment in Europe underscores in a Sting Exclusive

European Business Summit 2013: Where Business and Politics shape the future

It’s time for cybersecurity to go pro bono

“America first” policy goes against EU-US partnership, say MEPs

Why Eurozone urgently needs the ECB to print and distribute at least €500 billion

Online platforms required by law to be more transparent with EU businesses

Norway is known for its cold weather – but it’s been in the grip of a severe heatwave

3 ways activists are being targeted by cyberattacks

New state aid rules: Commission increases national support to farmers up to €25,000

The hidden cost of the electric car boom – child labour

Climate Change : An Already Health Emergency

VW emissions scandal: EU unable to protect its consumers against large multinationals

Libya: Attack on foreign ministry, an attack on all Libyans, stresses UN envoy

The Banking Union divides deeply the European Union

Why medicine is relevant to the battle against climate change

How Europe beat the financial crisis – and the risks it still faces

New European frontiers for renewable energy development

UNICEF delivers medical supplies to Gaza in wake of deadly protests

The world’s e-waste is a huge problem. It’s also a golden opportunity

Predatory labour taxation not an issue for the Commission

Security Council renews mandates of UN force monitoring separation area between Israel and Syria; AU-UN hybrid mission in Darfur

New identity cards deliver recognition and protection for Rohingya refugees in Bangladesh

Draghi sees inflationary bubbles

Violent disorder is on the rise. Is inequality to blame?

Multilateralism: The only path to address the world’s troubles, signals Guterres

Bundesbank’s President Weidmann criticises France and the EU. Credibility at risk?

EU unfolds strategy on the Egypt question

GSMA outlines new developments for Mobile World Congress Shanghai 2018

The Fourth Industrial Revolution is driving Globalization 4.0

EU to scrutinise foreign direct investment more closely

Employers’ organizations work towards improving the enabling environment for sustainable enterprises

Africa-Europe Alliance: first projects kicked off just three months after launch

Reinforcing EU border security: Visa-exempt travelers will be pre-screened

Sub10 Systems @ MWC14: Bridging the Ethernet of the Future

ECB: The bastion of effective and equitable Europeanism keeps up quantitative easing

Our present and future tax payments usurped by banks

UN welcomes Angola’s repeal of anti-gay law, and ban on discrimination based on sexual orientation

China is a renewable energy champion. But it’s time for a new approach

Who will win the AI race? If countries work together, then the answer could be all of us

Eurozone: Avoiding a new Greek accident

The Ultimate Career Choice: General Practice Specialist

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s