CCIA Europe’s Post

A week filled with hope as we look to a brighter future for the #EU. Our #leaders have put forward an analysis that shows clearly #Europe has fallen behind, especially over the last seven years. Here at CCIA Europe we've been urging real ambitious change to truly boost our #competitiveness and give Europe the confidence it merits. This is a first reaction to the ideas put forward. I set out where we agree with Mr. #Draghi and the #Commission, and where we think the #analysis falls short or simply draws on old or recycled ideas that have already failed, and would only set us back further. I point out that in the last seven years, there is a direct #CostOfEurope correlation between the thousands of new rules enacted (and often #overregulating) and the fall in #investment and #competitiveness that has befallen the #EU. I start pointing to new solutions, with our CCIA Europe upcoming #BluePrint and #Guide (keep your eyes peeled) set to give specific ideas on how and what could help to dig ourselves out of this long rut, complete the #singlemarket, and create the conditions for massive #investment, #confidence and #success through stronger #partnerships. Please read, discuss, debate, disagree, and let's get started to make this #mandate one of positive change! #CCIAeurope #DigitalEU #DSM #vision #DraghiReport #EUCommission #digital #industry #investment EU Digital & Tech EU Competition Policy Enrico Letta Ursula von der Leyen https://lnkd.in/eDfhcyp2

Clearly I’m not the only one who worries that the #DraghiReport has been partly undermined by having outdated and failed ideas on #telecoms recycled. We can’t fix what ails #EU policy making by going back to damaging concepts. We need new fresh thinking and ambition. We need to move away from the same old #CostOfEurope reflexes and reverse the #BrusselsEffect. There’s so much more to the #report and to the wider issues that #Europe needs to fix to empower our #industry and help us compete, #innovate, #invest, grow and succeed. Below are some of our initial thoughts from CCIA Europe and we will be following up with our extensive #recommendations in the coming weeks that build on the same themes and provide concrete positive suggestions and #solutions. https://lnkd.in/e-PGWN6K #CCIAeurope #DigitalEU #competition #investment #BetterRegulation #DisConnectEurope #connectivity #startups #competitiveness

Draghi's report sounds alarm on Europe's competitive decline w/ under-investment, talent exodus, + EU overregulation as barriers to Europe's competitiveness. By @tech_eu https://lnkd.in/eRWXw6jy #NordicMade #cphftw #helyes #icemade #siliconfjord #sthlmtech #estotech #LTstartups

The single market stands as the EU’s strongest asset. A recent study from CEPS (Centre for European Policy Studies), spanning 80 pages, underscores that despite over 30 years of development, the single market is still evolving. The study describes it as "limping not-so-single," but let’s not underestimate the efforts made. We enjoy the freedom to travel, work, and establish cross-border business relations. So, what's the issue? The deficits in the single market do come with costs to the EU economy, especially impacting businesses. They often need to take the lead in making the single market function. One key reason is the burden of regulations on businesses. Complaints often stem from the lack of reachable, clear, and trustful information. On a positive note, I recently discovered that a significant effort has been made to create a comprehensive information hub for all such details: Your Europe. While there are other tools, they still seem to fall short. On a side note, I truly understand the struggles of collecting tax information from 30 different jurisdictions and trying to fit it into one format 🤯 So, let’s remain optimistic and hope for future improvements! 🤞 One commendable aspect of the study is its recommendation to create conditions in the EU to foster #startups and the growth of new businesses. Start-ups and small companies are often more flexible and quicker in creating innovative solutions, potentially giving us an edge over competitors “across the pond”. ☝ Focusing on ease of doing cross-border business and improving access to finance seems to be the way forward. 🤘 Creating conditions to attract international talent, including streamlining rules for granting employee #shareoptions, would be very welcome. I'm aware that the European Commission has already initiated activities to find better ways of providing stock options within the EU. The European Innovation Council and SMEs Executive Agency (EISMEA) established a Working Group in 2022 - has acknowledged the issues, and initial discussions have taken place. Looking ahead, the #euelections2024 approaching, and economic growth is a crucial concern. Empowering the EU single market by endorsing startups could be the key to unlocking new opportunities! What are your thoughts?

"The problem is not that Europe lacks ideas or ambition. But innovation is blocked at the next stage: it is not translated into commercialisation, and innovative firms that want to scale up are hindered by inconsistent and restrictive regulations. Many European entrepreneurs prefer to seek financing from American venture capitalists and scale up in the American market." Draghi's plan makes sense. Let's hope it gets fully supported. Promoting the necessary EU innovation with risk-bearing investment and dramatically streamlined regulation can push the continent beyond self-imposed constraints. If the EU creates the environment for research organizations to push the boundaries in AI, agro tech, green tech, and biotech and simplify the translation of invention to innovation, the pipeline will widen. If EU start-ups have access to venture capital and networks and can scale up in a genuinely single-market Europe, global competitiveness and local economies will be boosted. https://lnkd.in/exFD2bZf

Unlocking Tomorrow's Giants: Europe's Rally for Tech Dominance through a Unified Start-Up Renaissance (From Start-Up Symphony to Tech Symphony) In recent years, Europe, despite being an economic powerhouse, has trailed behind the United States, particularly in technology and innovation. To reclaim dominance, a crucial element of the European strategy involves fostering the start-up landscape by fostering collaboration and creating a more entrepreneur-friendly environment. According to McKinsey & Company, a united European effort to stimulate entrepreneurship could potentially unlock $3.3 trillion in additional market capitalization and create 3.6 to 8.1 million jobs. While certain countries have showcased success stories in start-up activity, Europe must consolidate its efforts to compete globally. The current economic gap between the US and Europe is substantial, with a 20% difference in GDP. Europe's lag in technology and innovation, especially in areas like automation, 5G connectivity, quantum computing, and composite materials, further widens this gap. Diversity reigns in Europe's business environments, with each country having its own regulations, funding access, and labor pools. From scale-ups in Sweden to start-ups in Ireland, the landscape is varied. A united approach, focusing on standardizing rules for taxation, incorporation, and labor laws, could stimulate growth, as suggested by McKinsey's report (https://lnkd.in/du2XGEfq). This orchestrated strategy aims to not only create a more favorable environment for start-ups but also enhance the competitiveness of European start-ups on the international stage. Standardization could lead to an additional 200,000 start-ups, fostering job creation and substantial economic value across Europe. #EuropeanInnovation #StartupUnity #TechRevolution #EntrepreneurshipCollaboration #InnovationGap #McKinseyInsights #EconomicDominance #TechInnovation #BusinessUnity #EUStartupStrategy #FutureEconomy #GlobalCompetition #SustainableGrowth McKinsey & Company #DigitalTransformation

Check out our new Blog Post on EU Policy Updates for Startups and SMEs. 🌍 Discover how the latest EU policies can impact your startup or SME. 💡 We cover the following key updates: - Digital Services Act & Digital Markets Act: Enhancing digital trust and fair competition - European Green Deal: Promoting sustainability and innovation - Horizon Europe: Providing €95.5 billion in funding opportunities - Single Digital Gateway Regulation: Simplifying administrative processes - SME Strategy: Supporting digital transformation and access to finance Read the full article on our blog 👉 https://lnkd.in/dVRJhFCt #FuturoPerfecto #webstite #blogarticle #news #EU #startup #EUfunds #privatefundraising #internationalization #growing #insventing

first time I see objectives and authorative arguments to support the claim (seen in my own experience) that greentech have even more difficulties to raise funding + idea that compared to other tech, the gap with the US is less big, see p.28-29 and recommendations p 37-39 Also in the EIB 2023 sustainability report « The acute lack of capital for late-stage growth and scaling of climate and environmental technologies has also been a point of focus, with the EIF supporting a number of new fund initiatives in this critical market segment.” (p26) https://lnkd.in/eYC-vBzf

Thrilled to join the conversation, European Investment Bank (EIB)! At Finvx.io we're pioneering innovative ways for scale-ups to access capital markets. Leveraging the latest predictive machine learning tools and our Luxembourg-based SPV, we empower businesses to make smarter, faster financial decisions. #Fintech #ScaleUp #Innovation #CapitalMarkets #EIB [Read more about Europe's scale-up gap](https://lnkd.in/dx3X3SrE)

European Investment Bank (EIB) scale-up gap report is finally out, highlighting the financial challenges EU scale-ups face as they expand globally. The report recommends strengthening the Capital Markets Union to boost private investments,as emphasized by President Nadia Calviño. Explore how Europe can close this gap and enhance its innovation landscape. #innovation #eib #euscaleup