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.

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Featured Stings

“As German Chancellor I want to be able to cope with the merger of the real and digital economy”, Angela Merkel from Switzerland; the Sting reports live from World Economic Forum 2015 in Davos

New York high school students are getting free water bottles to cut plastic waste

Western Balkans: MEPs take stock of 2018 progress

Dark spots on EU humanitarian aid spending

OECD joins with Argentina to fight financial crime

The EU condemns Faroe Islands and Iceland to poverty

Budget MEPs approve €104.2 m in EU aid to Greece, Spain, France and Portugal

EU Top Jobs summit ended with no agreement: welcome to Europe’s quicksand!

COP21 Breaking News_05 December: UN Secretary-General Announces “Climate Action 2016” Partnership

Community Manager – 1289

What lessons to draw from the destruction of Syria

If we don’t protect the ocean, humanitarian disaster awaits

Tougher defence tools against unfair imports to protect EU jobs and industry

Continuing incarceration of women’s rights activists in Saudi Arabia, ‘reprehensible’: UN experts

Sudan: Health challenges in the Sustainable Development Goals era

European Council: Choosing new leaders for the EU betrays efforts for a wider arrangement

SPB TV @ MWC14: The TV of the Future

Germany hides its own banks’ problems

GSMA Mobile 360 Series –Digital Societies, in association with The European Sting

TTIP wins first crucial EU test: MEPs give in to the trade agreement

Vote at 16 in Malta: next stop Europe

Energy Union: EU’s effort towards a cleaner climate with integrated energy market

Assault on key Yemeni port would endanger 300,000 children and ‘choke off’ aid for millions more: UNICEF chief

Italy’s rescue operation Mare Nostrum shuts down with no real replacement. EU’s Triton instead might put lives at risk

EU Trust Fund for Africa: Can it be beneficial for Italy and tackle the migration crisis in the Mediterranean?

Access still an obstacle to reaching stricken communities on Indonesian island: UN agencies

7 ways for businesses to capture the youth dividend

South Sudan ‘revitalized’ peace deal must be inclusive, Security Council hears

EU prepares a banking union amidst financial ruins

To Brexit, or not to Brexit…rather not: 10 Downing Street, London

JADE Testimonial #2: Jacques @ Process mapping

Technology can help us save the planet. But more than anything, we must learn to value nature

EU Commission: Once in every 20 beef meals you eat…horse probably with drugs in it

Blockchain could boost global trade by $1 trillion

What is the UN General Assembly and what does it do?

Why are so few women buying into Bitcoin?

Why we need a moderate approach to moderating online content

Our idea of what makes a company successful needs to change. And it starts with making waste expensive

Mali facing ‘alarming’ rise in rights violations, warns UN expert

The succesful cooperation

The EU finally seizes the opportunity to support the sharing economy?

Here’s how India can soar in the Fourth Industrial Revolution

A jingoistic Spanish ‘war’ from the past

JADE Romania Celebrates the 4th Anniversary

Finance for SMEs: Alternative supply mechanisms do exist

UN chief appeals for calm as Mali presidential election draws to a close

Chart of the day: This is what violence does to a nation’s GDP

EU finally to extend sanctions on Russia despite arguments; Greece again in Europe’s spotlight

Capital markets selloff: The financial moguls send messages to monetary authorities

Russia and the EU ‘trade’ natural gas supplies and commercial concessions in and out of Ukraine

Can we balance conservation and development? Science says yes

G20 LIVE: “United States and Turkey stand in solidarity with France and its people in handing the perpetrators of this crime and bringing them to justice”, US President Barack Obama underlines from G20 in Antalya Turkey

Trump’s Russophiles under investigation, Europe remains ‘en garde’

US prosecutors now target Volkswagen’s top management, upsetting Germany

We need greater protection for our oceans. We can’t let politics stand in the way

A Sting Exclusive: “Junior Enterprises themselves carry out projects focusing on the environment”, JADE President Daniela Runchi highlights from Brussels

Catalonia secessionist leader takes Flemish ‘cover’; Spain risks more jingoist violence

‘Step backwards’ for Bosnia’s autonomous Serb region as assembly reneges on Srebrenica genocide report

ECB steadily continues monetary easing policy as EU economy gains momentum

JADE Team at the European Business Summit 2017

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