Eurochambres position: From Seed to Scale: 10 Recommendations to Fuel Start-Up and Scale-Up Growth in Europe

The EU Strategy for Start-ups and Scale-ups is a key initiative aimed at closing the existing innovation and productivity gap between the European Union and its global competitors. This strategy aligns with the European Commission's political priorities for 2024-2029, which focus on simplifying the regulatory environment and removing administrative barriers, in particular for innovative companies.

The strategy builds on earlier initiatives, such as the SME Relief Package, the 2022 New European Innovation Agenda, and the 2024 Budapest Declaration on the New Pact for European Competitiveness. Furthermore, it aligns with current proposals and announced strategies, including the Single Market Strategy, the European Innovation Act, the European Union of Skills, and the Communication on a Savings and Investment Union, ensuring a cohesive approach to advancing European competitiveness.

Why the EU Strategy for Start-ups and Scale-ups matters to chambers

Europe's capacity for innovation is of crucial importance for the continent's international competitiveness, as it is a key factor in ensuring continued economic prosperity, technological sovereignty, resilience, and global influence. The role of start-ups and scaleups in this regard is particularly salient, given their capacity to introduce novel, and at times transformative, products and solutions to the market. These entities are well-positioned to address pressing societal challenges, contributing significantly to both the green and digital transitions.

To facilitate this contribution, the EU Start-up and Scale-up Strategy aims to provide comprehensive measures that address the existing barriers encountered by EU start-ups and scale-ups when attempting to expand within the EU single market. The overarching objective of the strategy is to enhance the prevailing framework conditions for EU start-ups and scale-ups through a diverse array of policy, financial, and legislative measures. The successful implementation of this strategy will require close cooperation with national governments and business representative organisations such as chambers of commerce and industry.

Eurochambres position: 10 recommendations to help build a globally competitive European start-up HERE