Brussels, (Unib Rashid) European Commission has launched an EU startup and scaleup strategy to make Europe a great place for starting and growing global technology-driven companies.
Startups and scaleups drive innovation and sustainable growth, create high-quality jobs, attract investment and reduce strategic dependencies. However, too many still struggle to take ideas from lab to market or grow at scale within the EU. The strategy addresses these challenges by supporting them throughout their lifecycle and identifying their key needs. It puts forward a set of actions the Commission will undertake in the upcoming months in 5 main areas:
fostering an innovation-friendly environment: less fragmentation, fewer administrative burdens and simpler rules
driving better financing: a larger and more integrated EU venture capital market and greater involvement of European institutional investors
supporting market uptake and expansion: a quicker journey from lab to market
attracting and retaining top talent: better access to highly skilled individuals
facilitating access to infrastructure, networks and services: simplified and harmonised diverging access and contractual conditions
The strategy aligns with the broader Choose Europe initiative. The Commission will report on the strategy’s implementation by the end of 2027.