Silicon Valley in California is not merely the most important area for Innovation In the world. The region is also a symbol for the digital revolution, which emerged from here to triumph throughout the world, albeit also to present enormous challenges to Europe. The scale of the effects of digitalization and automation of entire branches of industry on society at large cannot yet be estimated. Will this triumphal march of Silicon Valley continue in the Trump era? Or was Donald Trump‘s election victory also an expression of widespread popular fear of what will confront us? How must Europe react to the challenges of digitalization? And how can a small country like Austria, with limited resources, fulfil a bridging function to the epicentre of innovation?