Part 6/8:
One of the most significant consequences of these challenges is the 'brain drain.' Many of Europe's brightest innovators relocate to the U.S. for its supportive startup environment and funding opportunities. Statistics reveal that the percentage of EU science graduates staying overseas has risen from 49% to 73%, indicating a considerable loss of talent that hampers the continent's ability to forge successful consumer tech enterprises.
Indeed, a report revealed that 63% of high-growth startups in Europe struggle to find qualified talent, exacerbating the problem. This creates a vicious cycle—less talent available in tech leads to slower growth and innovation.