The European Commission has introduced the EU Startup and Scaleup Strategy to attract and retain tech startups, facing tough competition from the US and Asia. The strategy includes a five-point plan focusing on easing regulatory burdens by establishing a unified legal framework across member states, introducing a digital ID to streamline bureaucracy, and enhancing funding opportunities. Notably, the EU intends to launch a public-private fund of at least €10bn to support startups and bridge the significant funding gap compared to US tech companies.
The EU's new Startup and Scaleup Strategy aims to create a more favorable regulatory environment for tech startups, making the bloc competitive with the US and Asia.
The Commission plans to implement a simplified legal framework for companies, addressing startup frustrations related to complex regulations across member states.
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