How Europe can win startup races: a playbook for investors and policy makers
Authorities Note: In this article, we unpack a blueprint for ESNA’s Executive Director Arthur Jordoro’s new input as well as IRB and ESNA.
A growing body of evidence shows that public innovation funding works. Startups supported by the EU program have already been created 60 560 billion In the enterprise value, many are about to raise more € 70 billion in private capital. However, to fully realize the prospects of Europe, more things should be done to support these companies at each stage of their journey.
That’s what is made Startups supported by EU framework programsA new report on the Innovation Radar Bridge (IRB) project. Innovation Radar, dealerum and EU monitoring equipment outline of drawing data from the monitoring equipment, and the outline of what to do the next: More startup-centric funds, a simple support path and greater visibility for breakout stars.
Importantly, IRB is not the only voice calling for voice calls. European Startup Nations Alliance (ESNA) independently outlined its annual priority complement set Startup Nation Standards (SNS) Report24 Based on the EU countries’ data.
A general basis: how is the ESNA and IRB reports align
Although the two reports are distinct, they combine in several main recommendations for the development of Startup Landscapes in Europe. Taken together, they provide a strong, supplemental blueprint for access and visibility from funding and visibility. Below, we have broken the three main areas of alignment as well as the insights of Arthur Jordo, executive director of ESNA.
- Digital-first, simplified access
Both ESNA and IRB emphasize the requirements of more faster, more integrated entry points in support of startup and both highlight the role of digital infrastructure in the event.
ESNA’s proposed “Startup Fast Lane” will provide a single online destination to navigate national administrative requirements and funds, supported by a support desk in member states. Similarly, IRB has called for a centralized entry point in EU programs, 2-4 weeks to review the rolling submissions and timelines.
“Startups in the early stages often work with limited time and resources. Long or expensive registration processes can delay or prevent new initiatives. ESNA imagines this goal by fully digital, efficient and affordable approach to inter-agency coordination and political willpower.” – Arthur Jordo, Esna
- Access to funds
Both are zero reports on a critical issue: the way of better funds for startups. IRB suggests that startups should be found in a larger piece of future framework programs and ESNA suggests that member states allocate their recovery and elasticity facility (RRF) to Venture Capital. To personal capital, the IRB has called for. “More private VC funds that understand European grant pipelines and lead rounds ” (IRB Report, page 48) And ESNA suggests to offer tax relief for business angels.
“Access to funding is one of the most stressful challenges for startups across Europe. – Arthur Jordo, Esna
- Visibility and promotion
Both IRB and ESNA emphasize the importance of greater visibility for startups from complementary angles. The IRB has called for more structural promotions of EU-supported startups through the IRB summit, pitch and demo day, and helps these companies to attract funds and partnerships through advanced data tools. It suggests to use dulflo.U and innovation radar to use digital equipment to provide real-time startup data and matchmaking. ESNA has added another important level: this visibility confirms the diversity and values of Europe’s startup ecosystem, starting to highlight the founders followed to encourage inclusive innovation.
“Initiatives like EU Startups Summit and EIC community platform should be expanded when providing a solid foundation …
… .This is the first step, but more efforts are needed to consistently demonstrate how the EU deal with critical trends in the EU. As highlighted by ESNA, publishing regular research – and promoting it through both mainstream and specialized media – important to strengthen the innovative brand of Europe ” – IRB Report, Page 49
What should the policy makers and investors do next
Although this article highlights a few key adoptions, both reports have a much more data-driven insight than covered here. Together, two reports provide a strong and supplemental roadmap to strengthen Europe’s startup ecosystem, based on data based on data, innovation radar, dealerum and EU program monitoring equipment.
They represent more than theory for policy makers and investors; They are a strategy supported by proof and experience. If taken seriously, their recommendations can spread the real, system-growing effect. AyEsner Arthur Jordo has left it:
“If Europe succeeded in creating a harmonious startup environment-but the market situation and flowing, supported by innovative-driven policies, Europe will be in place to lead the global leadership. It is not just about competition; it is not about the technical and economic sovereignty of Europe that enables innovation to thrive innovation.”
Take this opportunity to explore the latest searches IRB ‘Startups supported by’ EU framework programs’ Report And Awakened ‘Startup Nations Standards’ Report.
[publish_date
