EU relies on innovation: New rules for start-ups should secure success!

EU relies on innovation: New rules for start-ups should secure success!

Europa, EU - The EU Commission today presented the Initiative to improve the conditions for start-ups and small companies with growth potential. The aim is to keep these innovative companies long -term in Europe and at the same time to strengthen the competitiveness of the European market. Start-ups and scale-ups are considered essential drivers for innovation and sustainable growth in the region. They not only create high -quality jobs, but also attract considerable investments and thus reduce strategic dependencies on third countries. According to oe24.at , almost 30% of the European UNICARN-START-UPS have shifted their headquarters to a non-eu country.

In order to counteract this development, the EU Commission is planning over 20 targeted measures. These should not only contain legal simplifications in areas such as bankruptcy, labor and tax law, but also ensure that companies can communicate digitally and efficiently with public administration. A uniform digital identity for companies should play a central role here. In addition, the possibilities for financing and investments within the EU should be significantly improved in order to support high technology companies in key areas such as artificial intelligence, biotechnology and robotics.

challenges for European start-ups

A recently published study from the Stepup startups project are confronted. Regulatory fragmentation, for example, complicates cross -border expansions and slows down the growth of innovative products and services. The report also illuminates the unequal distribution of resources, which are often only concentrated in large cities, which leads to less developed regions under pressure due to lack of support.

The lack of financing options is another major obstacle: only 8% of all global scale-ups are based in the EU, while 60% thrive in North America. The EU market share in the global venture capital market is only 5%, compared to 52% in the USA. Research and innovation strategy is required to reduce financial and regulatory hurdles hinder growth.