The importance of high – Tech companies for EU economy – Overview and the EU grand strategies perspective

In the context of economic globalization, technology is a key factor in boosting growth and competitiveness in the business world. Technologically intensive companies have more innovation, gain new markets, use available resources more productively, and generally offer more to the people they employ. Europe spends less on R&D, compared to the US and Japan, mainly due to lower levels of private investment. The lower share of HTC in the EU is the reason for half of the EU's lag behind the US. The aim of this paper is therefore to present the importance of high – tech companies for EU economy and to evaluate the steering of Europe 2020 grand strategies towards active support of HTCs and estimate, how Europe 2030 strategies will continue the effort of boosting EU economy.