European states sign a pact to double unicorns by 2030

European states sign a pact to double unicorns by 2030

The commitment on the occasion of the Digital day 2021, during which declarations were also signed to invest in connectivity and green development

Unicorn One of the European Commission's objectives for 2030 is to double the number of unicorns of the old continent, i.e. that of startups valued at least one billion dollars. And to do so, Brussels intends to simplify the rules for starting an innovative business and accessing credit. These are, in summary, the basis of one of the three declarations signed on the Digital day 2021 of the European Commission. A commitment signed by 24 European countries, including Italy, France and Germany, plus Iceland. The objectives are to establish a common standard for startups; create favorable environments for entrepreneurship; copy and share best practices; launch the Startup Nations' Hub within the year, to collect useful data for support policies for innovative companies.

For Not Optional, a campaign launched by Index Ventures in favor of startups and supported by BlaBlaCar, Klarna, Stripe , Trustpilot, Wise, Accel, Balderton Capital, Atomico, Seedcamp and Partech, this mission statement, as written in a letter is important but not sufficient. For supporters, the Commission needs to insist with governments on creating rules that are more attentive to the needs of startups, in particular to support stock option programs in favor of employees with forms of exemptions, a tool on which many innovative Silicon companies rely. Valley. On the other hand, according to an analysis by McKinsey, 36% of global startups have a home in Europe but only 14% of unicorns.

Green and blue

In addition to the declaration on startups, 24 EU countries plus Norway and Iceland have signed a commitment to digital and green transformation. Among the objectives: to create a digital twin of the Earth to monitor the effects of climate change; support energy efficiency through artificial intelligence systems; finance green mobility; use digital passports to track the sustainability of an imported product; develop low energy impact technologies. A parallel declaration was signed by an alliance of 26 companies, including Vodafone, Ericsson, Aruba, IBM, Microsoft, Nokia.

Finally, 25 states of the Union, plus the usual Norway and Iceland, have signed a pact for global connectivity. There are three main objectives: to support international agreements to connect areas of the planet, to offer storage space also to non-EU allied countries and to develop submarine cables and satellite communications. In particular, Europe wants to play a leading role in offering connectivity in Africa, Asia and Latin America. Together with the Commission, an ad hoc program for the internet of space will also be launched. In the coming months, a submarine cable, Ellalink, co-financed by the European Union, will be activated to strengthen the exchange of data between the old continent and South America.

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