In recent years, Europe’s position in the world has been called into question. Russia’s invasion of Ukraine has sparked a humanitarian crisis and unmasked a number of fragilities including food and energy security as well as defence.

As companies look to reorganise their production bases and regionalise supply chains, many are being lured outside of Europe due to generous incentives from the US and others. However, there is nuance to this narrative about Europe’s declining global competitiveness. 


Across the ‘old continent’, there are innovative ecosystems and companies that are indispensable to the world’s strategic and emerging industries. Click Enter below to be taken through some of Europe’s biggest successes.

Does Europe have any magic left?
Local support has been crucial to the development of Europe's leading ecosystems and companies

This article first appeared in the February/March 2023 print edition of fDi Intelligence. View a digital edition of the magazine here.