Harmonization of Standards: Europe should try to make the rules for taxes, how companies work, labor laws, and how things are done in offices more similar. This will make it easier for businesses to work together across borders and for people to invest and work together.
Create best-in-class Employee Stock Ownership Plans (ESOPs): Implementing employment regulations that bring in and keep talented people is extremely important. Creating best-in-class Employee Stock Ownership Plans (ESOPs) can be a game-changer, providing incentives for top talent to join and stay in European startups.
Pooling Innovation Funding: By collecting public innovation funding and allocating it through competitive grants, Europe can channel resources effectively into promising startups and research initiatives.
Unlocking Pension Funds: The report emphasizes the untapped potential of pension funds. European nations can learn from Sweden’s success, where 1% of total pension funds are invested in startups, fueling innovation and entrepreneurship.