"MEGA? What Can We Do to Awaken Europe’s Potential?” is a candid discussion on how Europe can stop trailing behind the U.S. and China and finally emerge as a dominant force in global innovation and venture capital. For the first time since World War II, the international balance of power is shifting. U.S. political instability is eroding trust, China is leveraging its strategic influence, and Russia continues to undermine regional security. In this uncertain environment, Europe must ask: can we afford to stay fragmented, or is this our moment to lead? Despite strong talent, research, and emerging hubs, Europe suffers from a persistent “Schumpeterian gap” - its inability to scale innovation into globally leading ventures. Fragmented markets, late-stage capital shortages, and cautious LPs continue to drag the ecosystem. This panel explores the urgent policy, capital, and mindset shifts needed to build a unified, sovereign, and globally competitive European VC landscape, with a focus on how LPs and GPs in CEE can play a catalytic role.