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Although home to leading research institutions and a highly educated workforce, Europe has fallen behind the United States and China in commercializing breakthrough technologies and scaling innovative companies. The productivity gap continues to widen, with European tech firms struggling to access the capital needed to compete globally. Against this backdrop, the EU's newly launched Competitiveness Initiative aims to mobilize public and private investment to reverse the trend. This session brings together leading investors, policymakers, and tech entrepreneurs to examine what's holding Europe back—and what it will take to unlock the continent's innovation potential.