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Sony’s venture arm is ‘optimistic’ about Europe’s tech sector and thinks it can rival the US

Sony’s venture arm is ‘optimistic’ about Europe’s tech sector and thinks it can rival the US

Finance
A visitor holds illuminated controllers while wearing a prototype of the Sony Project Morpheus virtual reality gaming headset at the IFA tech show in Berlin, Germany, on Sept. 3.Chris Ratcliffe | Bloomberg | Getty ImagesLISBON, Portugal — Europe's technology industry is thriving and showing signs that it can compete with the U.S., the chief of Sony's venture capital arm told CNBC."When we started the Sony Innovation Fund, we thought it would consist of mainly the U.S portfolio," Gen Tsuchikawa, head of the unit, said in an interview at the Web Summit technology conference. "But as we cultivated the European market, we found lots of different ideas in Europe."Tsuchikawa cited examples in the continent, such as innovations in Sweden's music industry and Germany's gaming scene. Sony's VC fund