Electronics Weekly
The strategy’s proposals include reducing admin requirements, a €10 billion startup fund, interconnected EU universities, facilitating stock options, cross-border employment and access to infrastructure.
“With the launch of the EU Startup and Scaleup Strategy, we unlock growth drivers
for Europe’s most innovative and promising companies. We cut red tape, we facilitate their access to financing, we improve their ability to do business across our Single Market,” says EC vp Stéphane Séjourné.
Critics of the plan point to over-regulation of AI and tech in Europe, fragmented regulations across the bloc, internal barriers within the bloc which add costs, lack of access to large-scale funding and over-rigid definitions of startups and scaleups,
“So much experimentation, innovation, and investment are moving out of Europe because of impossible regulations,” says Frederik Erixon, Founding Director of the European Centre for International Political Economy.
Europe has taken the lead in regulating tech but regulation and innovation are not natural bedfellows. Europe may have to make a choice.
