Startups during the departure: New EU regime promotes growth and innovation!

Startups during the departure: New EU regime promotes growth and innovation!

EU, Europa - The young economy today welcomed the new “Startup and Scaleup Strategy” of the European Commission. The announced 28th regime, which is intended to create a uniform legal framework for the foundation and growth in the EU internal market, is particularly positive. The aim is to give young companies the opportunity to think and act European, so that they do not fail on national borders. In its report, the young economy realizes that a fragmented internal market prevents startups from growing - many of them are now looking for their luck in the USA.

Special attention is paid to the planned digital foundation procedures and the creation of harmonized and simplified rules in the areas of social, tax and labor law. These framework conditions are intended to help create better prerequisites for cross -border expansion. Nevertheless, the young economy expresses concerns and sees the need for clarification in central points of the 28th regime. It is required that this initiative does not become a bureaucratic parallel model and that practical implementation with a real focus is required.

challenges and opportunities for startups

Startups and scaleups are considered important drivers of innovations and make a significant contribution to economic development. They develop groundbreaking products and solutions, with a flourishing ecosystem in the EU decisive for increasing productivity, investing and creating high -quality jobs. According to EU research and innovation strategy, it is therefore essential for the growth of the growth of To reduce startups. This initiative was launched in 2016 to facilitate access to the internal market and to promote successful entrepreneurship.

Nevertheless, European startups face considerable challenges. A report by the Stepup Startups Project, published in digital-strategy.eu that regulatory fragmentation in Europe and difficulties in the mobility of talents and founders inhibit the development. Central recommendations include the creation of a Pan-European startup framework and the introduction of a uniform contact for regulatory inquiries.

The way forward

In addition, initiatives to promote access to risk capital must be promoted to close existing financing gaps, especially in comparison between Western and Eastern Europe. The importance of accelerators and support networks is also discussed, since these are often concentrated in larger cities and thus the accessibility for founders in less developed regions is restricted.

The young economy pleads for close coordination with the EU member states and advocates of the economy to ensure that existing regulations are consolidated and real advantages for young companies are created. The competitiveness of the European startup ecosystem can only be strengthened through collective efforts and cooperation and the deficit to other markets.