The European Commission has launched the "Choose Europe to Start and Scale" initiative to enhance the technology sector within Europe. This strategy aims to help startups overcome challenges from inception to maturity, facilitating their growth and competitiveness against US tech firms. Key areas of focus include reducing administrative burdens, establishing a €10 billion public-private fund, enhancing university connections, attracting talent, and improving infrastructure access. This comprehensive plan reflects Europe's commitment to foster a vibrant tech ecosystem.
"Businesses that are born in Europe must grow in Europe," said Stéphane Séjourné, EC Executive Vice-President for Prosperity and Industrial Strategy.
"With the launch of the EU Startup and Scaleup Strategy, we unlock growth drivers for Europe's most innovative and promising companies."
The EC proposes action across five main areas to support startups, including bridging the financing gap and cutting administrative burdens.
The EU plans to create a public-private fund of at least €10 billion to support startups with their financing.
Collection
[
|
...
]