A special EU Rulebook for innovative #startups ▪️European startups face special challenges: - continent-wide investments and collaboration are rare in Europe—less than 18% of first-round investments are pan-European. - The complexity of navigating multiple jurisdictions is a key barrier. 🇪🇺 The President of the European Commission, Ursula von der Leyen, has recently announced that she wants to propose a so-called 28th regime for startups, aka an EU Inc. 🇪🇺Additionally, Ekaterina Zaharieva, the new Commissioner for Startups, Research, and Innovation, voiced strong support. ▪️The 28th regime provides a way to propose legal frameworks of #EU/#EEA rules as an optional alternative to rules of EU member states. 📂 The 28th regime – less lawmaking: ▶️ https://lnkd.in/eWSJ6k-C ▪️EU Inc. 📂 „EU Inc“ - the petition to create a pan-european startup entity ▶️ https://www.eu-inc.org/faq These are very interesting developments as they could mean a significant relief for European startups. Thanks to Michael Jackson and Maria Costeira for sharing. #innovation #SingleMarket Manuela Mackert Ben R. Hansen, LL.M. Benjamin Karer Anna Strzykała FIP, CIPP-E, CIPM, AI-Gov.,GDD-Cert.DPO-EU Michael Zeck. Linda Kneißl Wolfgang Lehna Maja Fessel
"As a first step to cut red tape for these startups, we want to propose a 28th regime which says that for these innovative startups there is a simple and single rulebook for the whole of the EU." - Ursula von der Leyen Good to see progress being made on The EU Inc Petition. 👏🏻 The EU and all European countries need to focus on removing friction points to the success of European entrepreneurs. This is a good start. Props again to Andreas Klinger, Philipp Herkelmann, Simon Schaefer, and Vojtech Horna for getting this up and going. 👍🏻
It makes sense to have something similar to the SE for startups. Even better so if there is one commun regulatory frame for every such startup.