So not just EU, but any other region in the world, like Africa, South America, Central Asia should just give up and not try to make a business that could disrupt existing giants?
They should try fostering more competence and competitiveness, rather than trying to regulate themselves to success.
Most US industries are owned by 1/2/3 oligopolies.
The only way to compete is to create your own monopolies.
They can, but OP's point is that a ban on US tech on its own will do nothing to produce a local Silicon Valley. It needs to go hand in hand with a massive push toward local entrepreneurial support, especially in places like Europe where the government exercises more control through legislation
I don’t think you really need to incentivize businesses. If people want to start a business, they’re going to start one, regardless of whatever carrot you throw in front of them. “I’d love to start a business and make a profit, but the government just isn’t giving me enough incentive!” - said nobody ever.
And "every government software contract owned by a US company is about to be up for grabs" isn't an incentive on its own?