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2 Why Regime 0? Europe needs new technology solutions as a source of productivity growth to address the demographic transition and the green transition, while maintaining social cohesion and containing the cost of geopolitical shocks. The gap between the EU’s research and innovation (R&I) system and those of the US and China is most striking for digital and artificial intelligence technologies, but is also found other areas, such as pharmaceuticals and automotive (eg Pinkus et al, 2024; Draghi, 2024). The main source of the EU’s persistent lagging behind the US is the EU’s shortcomings in corporate R&I. The EU corporate…