EU drive to create its own Silicon Valley finds doubters


  • TECH
  • Thursday, 29 May 2014

BRUSSELS: Europe needs to sort out its fragmented telecoms market and regulatory imbalances if it is to spur a new generation of technology start-ups and create its own version of America's Silicon Valley. 

The European Union has set aside €80bil (RM350.9bil) to fund cutting edge research and innovation over the next six years, underscoring its ambition in these fields. 

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