A community of European tech startup founders and venture capitalists (VCs) has submitted a policy proposal to EU policymakers advocating for the realization of the "EU Inc." initiative to fundamentally improve the business environment. Rather than focusing on fundraising for a specific company, this initiative is a policy-driven joint statement aimed at boosting Europe's overall economic competitiveness.
Despite boasting exceptional research and development capabilities and top-tier talent, Europe faces significant barriers to scale-up due to fragmented regulations and market boundaries across individual nations. This proposal emphasizes the establishment of a legal framework that facilitates startup establishment, operations, and fundraising. A central goal is to integrate capital markets within the region and enable smooth, cross-border investment activities.
The latest proposal aims to break the status quo where Europe lags behind the United States and China in the creation of unicorn companies. Founders and VCs are urging the removal of these structural barriers to create an environment where the European ecosystem can exert stronger competitiveness in the global market.
Moving forward, the community plans to lobby the European Commission and lawmakers in various national governments to translate these ideas into concrete legislative proposals. Rather than stopping at mere discussion, ongoing advocacy is expected toward the realization of a "unified European corporate law" that fosters startup growth.