Europe needs an investment culture similar to the Capitalist American culture. Without that there is no hope for anyone. There need to be investors and technical people in one hub that feed off each other, network with each other, and empower each other.<p>How many American startups are a result of a pissed off employee working at a successful company going off and creating the same thing his or her employer did but better? And this cycle feeding on itself.<p>Or university students with an idea getting all the financial, technical, and managerial support necessary to create the next big thing.<p>You have to understand the process and then try to replicate the process. And each component of the process is as important as the other. You need the whole pie. Not a piece for it to succeed.<p>You can seed this with massive capital expenditure, tens of billions basically poured into private coffers of Caplists, but the process has to be very similar for it to actually work.