A Young entrepreneur cries out: “start in Europe, stay in Europe”

article picture

Exclusively written for the Sting by Davide Giordano, President of Junior Enterprise Torino Politecnico (J.E.To.P), member of JADE.

Startups in Europe is always a hot topic, many things have changed and many articles have been written, yet I have the impression that most of us have a confused vision on the argument due to the fragmented policies in our Union.

Digital economy and startups

According to a research from the Boston Consulting Group the Internet Economy in the developed markets is forecast to grow at an annual rate of 8 percent over the next five years. These numbers overtake significantly any other economic sector, but also hide a deeper meaning: digital technologies will find their way in every single industry.

What if this process succeeds in every european country?

New jobs and new wealth will be created.

It is therefore essential to develop a digital agenda for the future: let’s see what Europe and its countries are doing.

UK

United Kingdom has made a great deal with startups, building the so called Si licon Roundabout tech cluster in East London; in 2010 Prime Minister Davide Cameron launched Tech City UK, “publicly, funded non-profit team with a private sector mentality. Our focus is on creating the optimum conditions for digital technology businesses and entrepreneurs to thrive across the UK”.

Tech City has become also a direct channel for entrepreneurs and VC to express their own needs to the government, leading to the introduction of special measures like Entrepreneur Visa, Patent Box and the most favorable taxation system for investors in Europe.

France

France is following the UK example with La France Tech which ultimately will turn into a network of french incubators and accelerators representing their startup abroad under the La France Tech title. The project involves also €200 million for french startups, but government still holds a strong control on companies and investors, which prefer moving in a more friendly environment like UK.

Germany   

Berlin reflects german’s policies on startup, few laws and gradual simplification of bureaucracy transformed the capital in a worldwide startup hub.

Even though the country’s effort could be stronger, the city has collected a huge number of successful companies, due to factors like presence of talents and a responsive market. Curiously Germany doesn’t need a “tech city” project like Paris, it naturally attracts startups and entrepreneurs, now it needs to attract more foreign investors.

European Union and future

Still European Union can play a great role in this project, following what some of the brightest entrepreneurs in Europe highlighted in the startup manifesto.

Students should be more encouraged to practice entrepreneurship during university, projects like Erasmus for Entrepreneurs should be specifically part of study programs involving management and ICT.

Definitely the future looks good, but it might become even better for every young entrepreneur if the follo wing challenges are addressed:

  • Digital single market and regulations;
  • European Entrepreneur’s visa;
  • Long term debate between institutions and entrepreneurs.

All countries in the union should cooperate more on these common issues and build a path for startups to “Start in Europe and Stay in Europe”.

About the author

davide-giordano-jade-jetop

I think as an Engineer, I operate as an Entrepreneur. In January 2015 I’ve become President at J.E.To.P. – Junior Enterprise Torino Politecnico. I’ve managed a Junior Enterprise, an association composed by students, but structured exactly like an enterprise, with 61 students working on different projects, Event creation & organization, Mobile & Website development, Visual Design, Social Media Planning & Strategy. Together we created WTT: Wearable Tech Torino, the first exhibition in Italy on the wearable technologies. Today I’m Senior Advisor for J.E.To.P. and Master student in Computer Science at Politecnico di Torino.

the sting Milestones

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

A staggering one-in-three women, experience physical, sexual abuse

Eurozone retail sales fall shows recession

Member States and Commission to work together to boost artificial intelligence “made in Europe”

The 28 EU leaders don’t touch the thorny issues

Future Forces Forum: Prague will be hosting the most important project in the field of Defence and Security

This start-up has developed a way for businesses to quickly compost food waste

EU seems to fail its moderate migration promises postponing them for end 2015

Globalization is changing. Here’s how your business can adapt

11 innovations protecting life below water – and above it

6 ways to future-proof universities

In 2019, ‘reasons for hope’ in a world still on ‘red alert’: UN chief Guterres

How to make your business thrive by doing good

North Korean families facing deep ‘hunger crisis’ after worst harvest in 10 years, UN food assessment shows

A day in the life of a Rohingya refugee

Human rights ‘core to sustainable development’: deputy UN chief

It will take a lot more than free menstrual pads to end period poverty

Rule of law: MEPs travel to Malta to meet with government, NGOs and journalists

Does research make sense any more? The dire need for new ways to measure success

In Rome you can swap plastic bottles for metro tickets

Latest Coronavirus (Covid-19) briefing from the World Health Organisation – key takeaways

Why good cybersecurity in business is everyone’s responsibility

Google’s hot summer never ends: EC to launch ANOTHER antitrust inquiry against the American giant

Supply chains have been upended. Here’s how to make them more resilient

One Day in Beijing

European Youth Forum celebrates 20 years of fighting for youth rights

Few countries are pricing carbon high enough to meet climate targets

How to save the world’s forests with carbon credits

Why Obama asks approval from Congress to bomb Syria?

A money laundering case on Vatican Bank’s road to renovation

Reject passivity and embrace ‘responsibility for our future,’ Lithuania’s President tells UN Assembly

Rapid growth in China post-COVID makes it ripe for investment

The European Parliament wants to stay in one place

A day in the life of a Venezuelan migrant in Boa Vista, Brazil

EU food watchdog: more transparency, better risk prevention

Destroying nuclear waste to create clean energy? It can be done

The European Union and the United States reach an agreement on imports of hormone-free beef

Preparing for developing countries the ‘Greek cure’

Iran: BBC and other broadcast journalists harassed; families threatened – UN experts

Mountains matter, especially if you’re young, UN declares

Coronavirus: Commission holds first meeting of EU COVID-19 national scientific advice platform

The European Parliament floating over the South China Sea

Turkey presents a new strategy for EU accession but foreign policy could be the lucky card

European Border and Coast Guard: Council adopts revised regulation

UN urges ‘restraint’ in Bangladesh’s post-presidential election violence

10 reasons why today’s cyber leaders are tomorrow’s world leaders

For video game addiction, now read official ‘gaming disorder’: World Health Organization

Around 23 million boys have married before reaching 15; ‘we can end this violation’ says UNICEF chief

Humanitarian aid: EU allocates €54.5 million to Africa’s Great Lakes region

Ending use of chemical weapons in Syria: ‘still work to be done’, says UN disarmament chief

Can cybersecurity offer value for money?

These are India’s cleanest cities

COVID-19 vaccine campaigns: how far are the anti-vaccine movements going online? How can pro-vaxxers be part of their change?

EU-US trade agreement talks to be affected by American bugs

Health challenges need predictable healthcare investment policies. Japan’s example shows why

These airports are now opening their doors to non-fliers

3 pressing urban problems Indian cities must solve in the post-COVID recovery

Electronic cigarettes: is it really a safe alternative to smoking?

Cutting money transfer fees could unlock $15bn for developing countries. Here’s how

Cape Town almost ran out of water. Here’s how it averted the crisis

The world’s supercomputers joined forces against COVID-19 – why such collaborations are critical for tackling future emergencies

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s