06.1 Mobilising Europe’s R&D talent pool “ For the past decade or so, European VCs have been cheerfully ignoring the academic and scientific communities. That’s because they have been making great returns from internet For the past decade or and mobile platforms, and have developed superb domain experience and expertise in these areas. Besides, making money out of science is very hard, and there are significant barriers so, European VCs have to entry. But, to quote Bob Dylan, the times they are a changin’... First, the “easy” money from Web 2.0 is less obvious as this platform has reached maturity. Second, the many great been cheerfully ignoring challenges facing the world will require deep tech (or rather deep science) solutions. Third, the the academic and convergence of tech, AI, Genomics, etc. creating new “internet” type opportunities will create the next Googles and Amazons. Fourth, the desire for impact. A new generation of scientists, scientific communities... VCs, philanthropists, and entrepreneurs want to make the world a better place, not just get rich. They aren’t interested in the next app for drone delivered pizzas. Fifth, universities are But, to quote Bob Dylan, under pressure to engage with VCs and to enable the channelling of their research into the outside world. And finally, VCs can bring money, but more importantly their talent, to combine the times they are a with deep tech/science so this channel becomes REAL” changin’... Dave Norwood Oxford Sciences Innovation The EU has a large research community that exceeds its counterparts in the US and China in size # of researchers in EU-28, China and the US As technology and, specifically, software continue their relentless march into every part of the economy, # of researchers in EU-28, China and the US it will become critical for Europe to unlock the potential EU-28 1,764,084 LEGEND of its large research community. It will need to mobilise # of researchers in 2014 to help European tech companies succeed in new frontiers where tech meets science. The research community is a huge potential asset, exceeding both China 1,524,280 the US and China today in total numbers. USA 1,351,903 0 250,000 500,000 750,000 1,000,000 1,250,000 1,500,000 1,750,000 # of researchers Note: A researcher is a professional in conception or creation of Source: Eurostat knowledge, products, processes, methods, systems & Eurostat management of these projects. # of researchers in full-time equivalent (FTE). Data sourced from Eurostat and gathered by There are more than 1.8 million scientists and engineers across Europe, specialising in every ïeld. Germany and CERN. Data for 2014. the UK are the two largest homes to the European research community by far, with more than 300,000 in each There are more than 1.8 million scientists and engineers across Europe, specialising in There are more than 1.8 million scientists and engineers across Europe, specialising in every ïeld. Germany and respective country. France, Italy, Poland and Spain all also have sizeable communities of scientists and engineers. every field. Germany and the UK are the two largest homes to the European research the UK are the two largest homes to the European research community by far, with more than 300,000 in each There are more than 1.8 million scientists and engineers across Europe, specialising in every ïeld. Germany and community by far, with more than 300,000 in each respective country. France, Italy, Poland respective country. France, Italy, Poland and Spain all also have sizeable communities of scientists and engineers. the UK are the two largest homes to the European research community by far, with more than 300,000 in each # of scientists and engineers by country and Spain all also have sizeable communities of scientists and engineers. respective country. France, Italy, Poland and Spain all also have sizeable communities of scientists and engineers. LEGEND upto 3,500,000 # of scientists and engineers by country # of scientists and engineers by country 2,500,000 to 3,000,000 LEGEND2,000,000 to 2,500,000 LEGEND 1,500,000 to 2,000,000 upto 3,500,000 upto 3,500,000 1,000,000 to 1,500,000 2,500,000 to 3,000,000 2,500,000 to 3,000,000 500,000 to 1,000,000 2,000,000 to 2,500,000 upto 500,000 2,000,000 to 2,500,000 1,500,000 to 2,000,000 1,500,000 to 2,000,000 1,000,000 to 1,500,000 500,000 to 1,000,000 1,000,000 to 1,500,000 upto 500,000 500,000 to 1,000,000 upto 500,000 Note: Scientists and engineers refer to persons with scientiïc or Source: Eurostat technological training who are engaged in professional work on science and technology. Data is sourced from Eurostat and gathered by CERN. Latest data is 2017. Note: Scientists and engineers refer to persons with scientiïc or Source: Eurostat technological training who are engaged in professional work on science and technology. Data is sourced from Eurostat and gathered by CERN. Latest data is 2017. & 84 In Partnership with www.thestateofeuropeantech.com Note: Scientists and engineers refer to persons with scientiïc or Source: Eurostat technological training who are engaged in professional work on science and technology. Data is sourced from Eurostat and gathered by CERN. Latest data is 2017.