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Cabinet Member at Commissioner Valean in charge of innovation, startups and digitalisation for the transport sector
Exciting News for European Startups and Scaleups! 28th regime In a bold move towards fostering innovation and economic growth, the newly elected President of the European Commission, Ursula von der Leyen, has announced a groundbreaking initiative: "I will propose a new EU-wide legal status to help #innovative companies grow: a so-called 28th regime to allow companies to benefit from a simpler, harmonised set of rules in certain areas." This marks a significant step towards creating a more unified and accessible business environment for startups and scaleups across Europe. 🔍 Understanding the 28th Regime 🔍 The 28th regime aims to provide a uniform legal framework that transcends the existing 27 national regimes within the European Union. Startup Europe initiative from the European Commission has been working on this concept since 2011: https://shorturl.at/KIN2E The Letta Report emphasizes the need for such a regime to bridge the gap between ideals and action. Delve deeper into the insights of this report here https://shorturl.at/rqdEN. Similarly, the European Economic and Social Committee (EESC) highlights the potential benefits of the 28th regime in its opinion piece. Read more about their stance here: https://shorturl.at/zwGUF 📈 Why the 28th Regime Matters for Startups and Scaleups 📈 For startups and scaleups, navigating the complex regulatory landscape of 27 different legal systems can be daunting. The 28th regime promises to simplify this process by: Reducing Administrative Burdens: A single set of rules will cut down the time and resources spent on compliance, allowing businesses to focus on innovation and growth. Enhancing Market Access: With harmonized regulations, startups can easily expand across borders, tapping into new markets without extensive legal adjustments. Encouraging Investment: A predictable regulatory environment attracts investors, increasing funding opportunities for innovative ventures. Promoting Fair Competition: A level playing field ensures that startups from all member states have equal opportunities to thrive. 📢 Call to Action: Join the Movement! 📢 The success of the 28th regime depends on the collective effort of the entire European innovation ecosystem. We invite the community gathered around Startup Europe, notably the EC/acc Wake Up Europe movement (https://eu-acc.com/), to contribute with concrete implementation ideas. Your insights and experiences are invaluable in shaping a regime that meets the needs of our diverse startup landscape. Join the conversation and make your voice heard here. Together, let's pave the way for a more innovative, competitive, and unified Europe. The 28th regime is not just a policy proposal; it's a vision for the future of European entrepreneurship. Let's make it a reality! #EUinnovation #Startups #Scaleups #Entrepreneurship #28thRegime #SingleMarket #EuropeanCommission #WakeUpEurope #Innovation #BusinessGrowth