Does Europe have what it takes to be an internet innovator?

(CNN) -- California's Silicon Valley has long dominated the internet industry. The world's largest dotcom companies operate from the valley, it attracts the industry's brightest minds and countless innovative ideas are generated out of the area. So, can Europe make headway in this ever-expanding industry?

Ilja Laurs, founder of Getjar -- the world's largest app store -- says there are labor, cultural and bureaucratic factors that make it very difficult for Europe to compete with Silicon Valley, according to a report in CNN.

Laurs argues the talent pool across the continent for specialist services in Europe is too small. "While there are certain pockets of good people for particular niches, you maybe only able to find a hundred people in those specific areas."

That compares to the thousands available in Silicon Valley, putting Europe at a competitive disadvantage.  >>More here

SOURCE:  cnn.com