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European Commission announces EU Startup and Scaleup Strategy: All you need to know
- The European Commission has introduced an EU Startup and Scaleup Strategy to promote growth in startups and scaleups in the EU, aligned with the 'Choose Europe' initiative.
- The Strategy aims to address challenges faced by startups and scaleups by supporting them across their lifecycle within the EU.
- Key areas of focus include fostering innovation, supporting market expansion, attracting talent, enhancing access to resources, and expanding the European Innovation Council (EIC) to improve finance.
- Initiatives like the Lab to Unicorn aim to accelerate the transition from lab to market by connecting university ecosystems.
- The Strategy also includes measures to attract skilled workers, simplify tax rules for employee stock options, and provide better funding opportunities for startups and scaleups.
- The European Innovation Council will be expanded to offer improved funding opportunities and bridge the financing gap for deep tech companies.
- Allied for Startups (AFS) supports the Strategy but raises caution about the EU's reliance on regulatory leadership as a growth driver.
- AFS emphasizes the need for concrete measures to translate the Strategy into meaningful progress for startups in Europe.
- Monitoring key performance indicators will track the increase in the number of startups, scaleups, and unicorns within the EU.
- A comprehensive report on the Strategy's implementation is expected by the end of 2027.
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