Competitiveness Compass: right direction, but go further, say start-ups

11 Feb 2025 | News

The start-up community supports the initiative in the EU’s new competitiveness strategy, but wants more done to set investment free

Clark Parsons, head of the European Startup Network, speaking at the annual conference of Science|Business. Photo credits: Jeroen Vanhecke

Europe’s start-up community is broadly positive about support measures set out in the Competitiveness Compass, the EU’s new strategy for competitiveness, but warns that cultural change is also required if more investment is to flow into the sector. 

Among concerns voiced at last week’s annual Science|Business conference, experts pointed to the fragmentation of the EU market and the lack of venture capital for technological projects, which reflects investors’ risk-averse mindset.

To catch up with its innovation rivals, the European Commission intends to set up a 28th regime, a legal framework that will enable start-ups to operate under a single set of rules, and to create a European Savings and…