Le Web conference, the
biggest technology conference in Europe, opened in Paris on Wednesday. In these
challenging economic times, governments seek salvation in entrepreneurship
and high tech innovation and this year's gathering of more than 3,500 is reported to be up
from 2,800 last year.
As American venture capital slows, interest in European
tech startups remains strong and countries continue to ramp up incentives that
benefits researchers and entrepreneurs.
On Tuesday, Michael Noonan Irish finance
minister, announced that the first €100,000 of spending on research and
development (R&D) would now be allowed to qualify for the existing R&D tax
credit. Firms will also be allowed to use some of the R&D tax credit to reward
key employees involved in research.
Free-floating optimism is a feature of the global fetish for high tech startups but what where can this optimism lead?
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