RE: LeoThread 2026-01-21 20-45

Part 9/12:

Addressing Europe's manufacturing potential, Pace is realistic about the enormity of the challenge. He suggests that creating a Shenzhen-like ecosystem in Europe would require monumental investment, a clear industrial policy prioritizing key sectors, and a cultural shift toward embracing risk and innovation. He advocates for selecting strategic industry champions, investing heavily over time, and developing a talent pipeline—potentially importing entrepreneurial talent from other regions to seed a renewed manufacturing ecosystem.

He also highlights Europe's historically pioneering spirit—the expertise present in universities and research institutions—but laments the current lack of a culture of ambitious manufacturing startups, especially in hardware.