Based on the perceived European advantages, representatives of innovative European regions are willing to boost support for tech start-ups at home to emulate Silicon Valley.

On 21 and 22 March, Tanya Hristova - the Chair of the CoR's SEDEC commission and Mayor of Gabrovo - is joining a high-level delegation of entrepreneurs, investors, local and regional leaders and other innovation actors led by Mariya Gabriel - European Commissioner for Innovation, Research, Culture, Education and Youth - to bring along the European innovation ecosystem to Silicon Valley during the 'European Innovation Days' in San Francisco, California.

"Representatives of innovative EU regions are willing to boost support for tech start-ups at home to emulate Silicon Valley based on the perceived EU advantages: citizen-friendly and participative regulation of new developing technologies, social responsibility of business and cross-sectoral coordination of development and innovation strategies. In this context, carefully crafted public-private partnerships for appropriate innovation finance and funding are of paramount importance, and EU must learn both from success stories and from failures in other major economies and markets across the globe", SEDEC commission chair Tanya Hristova (EPP/BG) highlighted before the visit.

Ms Hristova will participate in a panel discussion 'Aligning US and European Union innovation ecosystems. How does the New European Innovation Agenda create an effective innovation ecosystem in Europe?'  on 22 March, focusing on the most recent developments in the European innovation landscape. The session will provide attendees with insights into the latest trends and developments in the European innovation ecosystems and discuss various stakeholders' collaborative efforts to co-implement the New European Innovation Agenda, exploring the opportunities for mutually beneficial cooperation between European and US players.

Additional Information:

The session will aim at providing best practices and success stories in the European innovation landscape, their relation to the New European Innovation Agenda, and the identification of opportunities for US-Europe collaboration in the innovation sector, opening new ways to reduce the innovation divide and building an interconnected innovation ecosystem in Europe; goals that align with the Joint Action Plan between the CoR's SEDEC commission and Commissioner Mariya Gabriel's services (DG RTD, DG EAC and the Joint Research Centre) signed in November 2020.

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