Ken Gabriel and Environmental Technology

innovation conference: But at an innovation conference held in Budapest this week, cold water was thrown on this old assumption, according to Deutsche Welle. Ken Gabriel, a former and former acting director of the US innovation agency DARPA, said this is not true for startups based around environmental technology. "If you're someone who has an idea in the green tech sector, you have a better chance of making that a success in Europe than in the US," Gabriel said. "There are fewer barriers here. Innovators have looked to the United States with envy as they see less conservative venture capital firms make risky bets on new inventions. European culture is much more focused on green living and the environment. The agency has so far been largely focused on environmental technology: Three out of its five areas of focus are dedicated to climate, energy and raw materials. This is where you're going to get the market." Gabriel was perhaps flattering his audience - he was speaking at the annual conference of the Budapest-based European Instititute for Innovation and Technology , set up by the European Union in 2008 to assist European startups with finance and guidance. (news.financializer.com). As reported in the news.