Plans to increase tech unicorns tenfold in Europe proposed Representatives from start-up organisations across EU unveil initiative to boost unicorns Mon, May 10, 2021, 05:30 European companies have lagged counterparts in the US and Asia in creating tech unicorns Your Web Browser may be out of date. If you are using Internet Explorer 9, 10 or 11 our Audio player will not work properly.
Plans to help boost the number of privately owned European companies valued at more than $1 billion (€820 million) are to be presented to the EU Commissioner for Innovation Mairya Gabriel on Monday. Representatives from organisations across the EU will formally deliver their plans at a virtual start-up summit as part of a bid to encourage the European Commission to do more to help promising companies become so-called “tech unicorns”. Overall, the aim is to increase the number of such companies tenfold over the next decade.