How the European Union is helping Startups

It is well known that Europe aims to help young people to create their own companies and Startups. Europe also aims to strengthen the business environment for web and ICT entrepreneurs so that their ideas and business can start and grow in the EU. All of these actions are part of the Entrepreneurship 2020 Action Plan.

The Startup Europe objectives are:

First of all, to reinforce the links between people, business and associations who build and scale up the startup and provide role models and help them to expand their business and give them access to funding under Horizon 2020.

Furthermore, startups can access support services such as advice, networking and legal assistance, from EU funded projects on the Startup Europe Club website. Europe is creating as well a Dynamic Mapping of the startups ecosystem and also there is the tech all-stars that invites 12 of the best young European startups to startup events across Europe and connects them to successful entrepreneurs.

In addition to generous research, funding scientists have the possibility to gain experience abroad and in the private sector, and to complete their training with competences or disciplines useful for their careers. The fellowships will strengthen multi or interdisciplinary expertise, inter-sectoral experience and complementary skills. The experience could lead to launch a start-up, find cofounders and team-members.

There is also Erasmus for Young Entrepreneurs - a cross-border exchange program which gives new entrepreneurs the chance to learn from experienced entrepreneurs running small businesses in other Participating Countries. The exchange of experience takes place during a stay with the experienced entrepreneur, which helps the new entrepreneur acquire the skills needed to run a small firm.

The European Commission sees the recalibration of the European measure of success, to include entrepreneurship, as the catalysis for a European ecosystem.

This endeavor will be supported by the creation of a think tank to create initiatives to implement this. The success of entrepreneurship in Europe is celebrated by creating awards and groups for the leading lights of the ecosystem.

Image2.png

Other actions taken by Europe to endorse startups are:

The Startup Europe Roadshow that lets young aspiring entrepreneurs interact, learn and be mentored by “role-models” who will share their success stories in a bid to make Europe’s start-up environment more dynamic and less risk averse.

Furthermore, the Startup Manifesto campaign for entrepreneurial excellence whose objective is to power growth in entrepreneurship and innovation in the EU, and built and grown successful businesses. It contains 22 recommendations to the European Commission, EU Member States and EU companies in the fields of education and skills, access to talent, access to capital and data protection.

Finally, the Leaders Club is an independent group of founders in the field of tech entrepreneurship who act as role models for European ICT and web entrepreneurs. They also provide guidance to the Commission on the steps to take in order to improve the working environment for ICT and web entrepreneurs to start their activities in Europe and flourish in Europe. They have launched the Startup Manifesto.

If Europe achieves these goals by 2020, new jobs will be created and new investments and growth will come in many countries.