Europe's next leaders: the Start-up and Scale-up Initiative
High-growth firms create many more new jobs compared to other firms.1 Start-ups scaling up into bigger firms form a large share of these businesses. They increase EU innovation and competitiveness, strengthening the economy. Such "scale-ups" can also provide social benefits, including offering more flexible and modern working arrangements. In the Single Market Strategy, the Commission announced that it will look at how to make the Single Market more efficient for start-ups and scale-ups. Ultimately, improving the ecosystem for start-ups and scale-ups in Europe will have a direct beneficial effect on jobs and growth in the EU.
This initiative addresses three issues: barriers; the shortage of partners and opportunities; and difficulties as regards finance. It is based on:
- a coordinated approach across EU policies, building on measures in place or being developed, including sectoral approaches such as in the space sector;
- a limited and targeted set of practical measures; and, above all,