It isn't anti-technology, it's anti-capital/anti-big-business. If you don't allow businesses to scale-up because billionaires are bad, then you're biggest companies will be those that are from the previous century.
> Europe’s lack of industrial dynamism owes in large part to weaknesses along the “innovation lifecycle” that
prevent new sectors and challengers from emerging. These weaknesses begin with obstacles in the pipeline
from innovation to commercialisation. Public sector support for R&I is inefficient due to a lack of focus on disruptive
innovation and fragmented financing, limiting the EU’s potential to reach scale in high-risk breakthrough technologies. Once companies reach the growth stage, they encounter regulatory and jurisdictional hurdles that prevent
them from scaling-up into mature, profitable companies in Europe. As a result, many innovative companies end
up seeking out financing from US venture capitalists (VCs) and see expanding in the large US market as a more
rewarding option than tackling fragmented EU markets. Finally, the EU is falling behind in providing state-of-the-art
infrastructures necessary to enable the digitalisation of the economy.
> Europe’s lack of industrial dynamism owes in large part to weaknesses along the “innovation lifecycle” that prevent new sectors and challengers from emerging. These weaknesses begin with obstacles in the pipeline from innovation to commercialisation. Public sector support for R&I is inefficient due to a lack of focus on disruptive innovation and fragmented financing, limiting the EU’s potential to reach scale in high-risk breakthrough technologies. Once companies reach the growth stage, they encounter regulatory and jurisdictional hurdles that prevent them from scaling-up into mature, profitable companies in Europe. As a result, many innovative companies end up seeking out financing from US venture capitalists (VCs) and see expanding in the large US market as a more rewarding option than tackling fragmented EU markets. Finally, the EU is falling behind in providing state-of-the-art infrastructures necessary to enable the digitalisation of the economy.
from https://commission.europa.eu/document/download/97e481fd-2dc3...