Some Europeans and scientists insist to immigrate to USA because of the innovation of Technology in the United States.
Neelie Kroes, the European commissioner in the Digital Agenda, said in his speech in September that often people in Europe are too negative as sometimes people think innovation is only for Silicon Valley.
The fact is that in Europe, they have many great success stories – but they are not telling them. There are several talented people working to make their ideas a fact. So there are so many innovations and innovators.
The 28 country in Europe may have a pool about 80 million Euros ($109 million) to give the region's startups a help in 2014 but is it a case of too much little, and too late for Europe's start-up technology industry?
Is really the US better than Europe?
The U.S. has been the real leader in churning out international technology giants that were once startups, from Facebook to Google, as European companies have kept less well-known.
But this doesn't mean necessarily that there aren't some successful European startups, as according to one of the venture capitalist firm that was from the first investor in video calling platform Skype, that is based in Luxembourg and founded by a team of Swedish, Estonian and Danish entrepreneurs.
Europe can boast its own list of successes including Spotify, music streaming service and Angry Birds maker Rovio.
Michael Jackson, partner at an early stage investor in Mangrove Capital Partners, told CNBC in a phone interview that Europeans can point at a number of tech nominees that have amazing results in Europe as they are not good at shouting about them like they do in America.
Funding loss
Investment proceeds to dog European start-ups with companies not being capable to contact capital as freely as their U.S. counterparts. European VC investment with a total about $5.7 billion in 2012 and with about 1,074 investment rounds, while the U.S figure reach $29.7 billion with more than three times the number of investment rounds, according to the figures came from EY.
According to Enrique Velasco-Castillo, a mobile analyst at IHS Electronics and Media said that U.S. tech companies take benefit from free-flowing capital, European start-ups struggle as the entrepreneurial attitude varies.
Velasco-Castillo told CNBC in a phone interview that the configuration in Silicon Valley has enabled the expansion of a very entrepreneurial attitude toward taking any risk. There are ecosystems of venture capitalists that are willing to take the similar type of risks and understand the mindset of the technology entrepreneurs.
Risk taking comparison between USA and Europe
U.S. entrepreneurs have a stronger willingness for risk-taking than their European counterparts, as the failure is priced in to investments in America, while it is viewed as a crippling issue across the Atlantic, Velasco-Castillo said before.
Pankaj Chaddah, the founder of nightlife guide Zomato and online city restaurant, started in India, said that while the company is expanding in Europe, there is a another different attitude to risk in the continent.
Chaddah said that the students are more inclined to go and do Master degrees than taking the risk to put in time.
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