Much has been said about the role that the tech industry is playing and will continue to play in Europe’s economic recovery. When the EU’s Competitiveness Council meets later this week to debate the Digital Services package headlines will undoubtedly focus on a few US tech companies. However, to spur competitiveness and growth in Europe, the raison d’etre of the Council, Ministers should keep Europe’s own start-ups and scale-ups front and centre of discussion.
Politicians love talking about spurring innovation, competitiveness and growth – the EU Recovery and Resilience Fund on digitisation as well as sustainability is welcome in that regard. But even ambitious funding plans will not succeed in driving Europe’s start-ups forward if regulatory roadblocks are laid down at the same time.