TURIN (Reuters) -The European Union plans to propose a single set of rules for startups next year to assist the bloc’s innovative companies grow and operate across the region and find it simpler to retain talent, the head of EU’s executive stated on Friday.
Speaking at the Italian Tech Week in Turin, European Commission President Ursula von der Leyen stated the Commission would present legislation in 2026 to create a “28th regime” for startups that will replace 27 separate national systems they necessary to navigate now.
“Too often, it is simpler to expand to another continent than across Europe,” von der Leyen stated.
“I want the same to be true for you as it is for a San Francisco startup scaling across the U.S.”, she stated.
The initiative is part of a broader effort to strengthen Europe’s tech ecosystem, including a multi-billion euro Scaleup Europe Fund and a new “AI first” strategy to accelerate adoption of artificial ininformigence across industries.
(Reporting by Elvira Pollina and Giulio PiovaccariEditing by Tomasz Janowski)
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