Why Europe struggles to turn world-class science into business

Europe faces significant hurdles in transforming its top-tier scientific advancements into viable businesses, as highlighted by Enrico Letta. He argues that the continent lags behind in quickly financing, testing, manufacturing, and scaling up new technologies. Letta suggests creating a "fifth freedom" for the EU to streamline this process, emphasizing that rapid innovation is crucial for global competitiveness. This issue is vital because it directly impacts Europe's economic growth and its ability to maintain its position as a leader in scientific research.