Europe has a technology gap that comes from years of inertia in terms of investments, Deputy Minister of Research, Innovation and Digital Policy, Nicodemos Damianou, said on Tuesday, at a discussion panel in Cyprus Forum, in Nicosia, regarding Europe’s digital sovereignty.
Damianou pointed out that ”Europe has a technology gap that comes from years of inertia in terms of investments.” ”For Europe, it’s a matter of balancing three things: the regulatory aspect, technological sovereignty, and economic and technological urgency,” he noted.
”Europe is still very slow at taking decisions,” he said, adding that ”we need to be careful when we put forward policies that exclude geographies or solutions, because we need consider the risk of disruption as well.”
Technology starts from the very bottom and involves skilling, innovation and funding, creating thus an ecosystem, Damianou said, adding that ”if that ecosystem is not there, you are never going to catch up.”