Ursula von der Leyen, in her speech to the European Parliament, emphasized that Europe must tackle the 'innovation gap' by providing more support for startups to scale and minimizing red tape.
Von der Leyen recognized that while Europe is comparable to the U.S. in startup creation, it significantly lags in scaling them, which she labeled as a crucial issue for the continent.
She emphasized, 'Invest more and focus better' as key strategies for reforming conditions that hinder the growth of startups into successful, scalable companies within Europe.
Highlighting the need for urgent actions, von der Leyen stated that the EU 'urgently' requires increased private investment to bolster its innovation capacity and competitiveness.
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