What We're Reading:
Many British venture capitalists would have struggled without an injection of funds from the European Investment Fund. Post-Brexit, this finance could now be in jeopardy. Read more here.
Some believe Britain’s reputation as the startup capital of Europe will be lost as a result of Brexit. Quartz has laid out the contenders to take Britain’s place.
Amidst the gloom, The Drum have taken a (marginally) more positive view of events – speculating that ‘Leave’ will see British startups having to think more internationally about their business, expanding their horizons as a result.
If entrepreneurs such as the founders of Lastminute.com and Skype have their way, we could see the arrival of a ‘single startup market’ that will include Europe-wide regulation for new tech businesses. Those behind the initiative claim that a current lack of unity regarding regulation means that it hasn’t been possible for large companies like Apple and Facebook to be founded and grown in Europe.
Finally, a longer read. EADA Business School professor Boyd Cohen has said believes the EU will one day overtake the US as the dominant global hub for innovation. Written pre-Brexit, it will be interesting to see how his predictions shape up.