Europe readying itself to throw a one-two innovation jab that will leave competitors rocking
The soon to be unveiled European Innovation Act and the 28th Regime are being designed to “close Europe’s innovation gap, cut strategic dependencies, and strengthen leadership in key technologies”. This will see startups and scaleups given access to world-class labs and technologies; and cutting-edge products fast-tracked rather than strangled in red tape and bureaucracy “
At the heart of this package is EU Inc.: a single, simple, digital-first corporate framework built for innovators. The goal is straightforward—make Europe the best place in the world to start, scale, and fund a business.
Speaking last week at the the Antwerp European Industry Summit, President of the European Commission, Ursula von der Leyen said: “We will propose, next month, the 28th regime. The aim is to create a new truly European company structure, we call it EU Inc. It is a company structure that will have a single and simple set of rules that will apply seamlessly all over our Union – for all 27 Member States –, therefore the 28th regime, so that business can operate across Member States much more easily. Our entrepreneurs will be able to register a company in any Member State within 48 hours – fully online. EU Inc will ease access to finance in the start-up and scale-up phases, enable smooth cross-border operations and allow rapid wind-down – if a company fails, we hope not. This is the speed we need, and this is ‘Europe made easy’.”
Trailing “what’s coming” on Linkedin, the research and innovation arm of the European Commission posted: “Our strategic direction is clear and will require overcoming fragmentation, boosting private investment, and igniting an entrepreneurial mindset across Europe. Innovation shouldn’t get stuck in bureaucracy. We’re fixing that.”
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