Mufaddal kapasi’s Post

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Paving the way for a carbon free economy. Renewable energy and physics enthusiast. Engineer.

This is an insightful research and is the need of the hour. Europe is far behind the innovation race and has only a fraction of technological superiority it enjoyed for almost the entirety of the 19th century. As some one living in Austria for more than a year I can unequivocally agree that complex compliances and regulatory environment combined with a general perception of risk averness has completely dampened innovation. In austria for example high taxes and complicated bureaucracy has left founders with no other choice but to leave the country. Europe is having its own brain drain! It's the need of the hour for Austria and Europe as a whole to support the startup ecosysyem with tax benefits and encourage foreign founders to consider it as a destination for there new venture. As a budding green tech entrepreneur I would love to see some policy changes that makes Austria a desirable location be based in. The power of innovation is substantial and it is innovation that will help humanity to fight climate change and pave the way for a clean and green world. Then only Europe can achieve successfully its Energy transition or ENERGYWIENDE! as we say in Deutsch! #energywiende #climatechange #startup #innovation #EU #austria

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Well said Mufaddal

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