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Fear of investing in innovation is preventing promising start-ups from reaching their full potential and that’s preventing growth across Europe, a conference on the future of EU research funding heard.

If European start-ups had the same support as those in the USA it is estimated that over the next 20 years up to a million new jobs could be created and up to EUR 2 000 billion added to the EU's economy.

Image: Many start-ups suffer because investors are too risk-averse. Image credit_Flickr/Berlin Startup Tours