Without a doubt there is more capital available in the US.

I think the key ingredient is getting past successful EU entrepreneur to re-invest - both time and money - into the ecosystem.

Yes believe that's true -> access to capital.

What I read in an article with the CTO of Amazon.com (he being Dutch) is the cultural and behavioral difference between US and Europe.

US being much more entrepreneurial, commercial in relation to Europe.

Behaviors/culture don't change over night so that will be a challenge.

as Guanluigi already mentioned, most of it is related with the culture. Compared to US citizens, Europeans are more reluctant to change. If I attend seminars and conferences in the US about groundbreaking ideas, the usual discussion is about how to make this idea come to reality. On European conferences, most people would first say "no", not needed or discuss the problems related to this idea. I have seen differences within Europe. Dutch and Scandinavian are more collaborative and open, which are good elements for creativity and entrpreneurship. Germany is starting to change, within the other countries it strongly depends from how Universities are used as incubators for innovation. There is a lot of Capital in Europe, but it is spent in different ways.

See also my comment to:
http://daa.ec.europa.eu/content/eu-copyright-policy

In my experience, money is available for good ideas - mainly via business angels for the moment and in the EU. However, I follow the previous comment: the collection and author/owner rights form a very scattered landscape and hinder an overall EU approach.
This scattered landscape, also in user languages and local legislation, is however a treshold for US companies trying to enter the European market as well.
Moving from a geographically delineated market and legislation to a European one (or a framework at the least) will enlarge the addressable market and it is (amongst others) market potential what makes investors consider or decline projects.

We have stimulate the idea that failure is a option to succeed. In Belgium is not tolerated.
That is already one of the points to be more entrepreneurial.

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I think Johan is right.

The money is there. What's missing is this gap between the concept development and the hard nosed business guys. E.g. Not many people know that the core of booking.com platform was invented by some bright spark in Amsterdam. I've little idea as to why the originators sold out, apart from the money of course. But innovation is as much to do with value-ing an asset (seeing its opportunity) as much as inventing a widget. Mr.Walker is obviously is good at that. http://en.wikipedia.org/wiki/Priceline.com

And so far as "Behaviors/culture don't change over night so that will be a challenge". Wait until this recession really starts to bite. Necessity, particularly in Europe, seems to be the ONLY mother of invention.

Moving from a geographically delineated market and legislation to a European one (or a framework at the least) will enlarge the addressable market and it is (amongst others) market potential what makes investors consider or decline projects. Thats Great idea. http://www.submitcore.com/