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Alphabet’s Eric Schmidt says Europe should create more entrepreneurs

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Everett Toliver
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Alphabet executive chairman Eric Schmidt said European governments should work more on promoting entrepreneurs and expanding the economy instead of focusing on protection from US rivals.

Speaking at the Brilliant Minds conference in Stockholm, Sweden, Schmidt said Europe should spend less time arguing on zero sum games and trying to protect domestic industries from US technology rivals.

Bloomberg quoted Schmidt as saying Google had a "good, healthy relationship with all our regulators."

Schmidt said Europe should fix university funding, giving more money to graduate departments to carry out experiments and develop new technology.

At the last month's Startup Fest Europe conference in the Netherlands, Schmidt said Google hires people that come out of the European universities.

Schmidt was quoted by Business Insider as saying, "Universities themselves are underfunded relative to the American universities, by a lot."

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Everett Toliver
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