Innovation: Why is Europe falling behind the US?

Europe's innovation scene has found itself under the spotlight, with many wondering why it's lagging behind the US. Limited funding for startups, a fragmented market, and tough regulations are often blamed.In this episode, Dr. Erin Young (IoD Head of Innovation and Technology Policy) and Professor David Beatty OBE (Professor Emeritus of Strategy, Rotman School of Management, University of Toronto) join host Ben Walker to explore this further. Together they discuss cultural attitudes towards risk and entrepreneurship, the impact of regulatory rules, and how quickly tech is adopted. The conversation also covers how people view innovation and technology differently in Europe and the US, and the fear factor around new advancements. Drawing on their experience from different sides of the Atlantic, our guests suggest ways to tackle these challenges and boost innovation across Europe.