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Europe moves to boost funding for cutting-edge startups
European governments are working to close a nearly $1 trillion investment-funding gap by expanding support for technology-focused start-ups.
Europe is stepping up efforts to fund more cutting-edge businesses as governments seek ways to compete with China and the United States, according to reporting by the New York Times.
The coverage says European authorities are facing a nearly $1 trillion gap in investment funding, a shortfall that is shaping how they design new programs to back start-ups developing pioneering technologies.
Both the Business and Economy desks of the New York Times frame the push as a broad attempt to expand the pipeline of advanced companies across European markets.