Brussels seeks to spur capital to prevent the flight of startup companies

The European Commission is looking for ways to spur European capital to foster its startup ecosystem . The European Commissioner for Startups, Innovation and Research, Ekaterina Zaharieva, acknowledges a series of obstacles that still hinder the development of innovative sectors in the Twenty-seven. Among the most serious, she has pointed out the regulatory and financial fragmentation of the Union. She has also lamented the lack of venture capital to finance the large rounds and market exits with which many startups culminate their growth. Even more so with the advancement of the profile of startups: in the last decade, the startup ecosystem was eminently digital and focused on services. Now, with a focus on deep technology, much more capital-intensive, the problem becomes even more serious, according to sources in the technology sector consulted. A technology that, in its development phase, is more than present in the EU: "We have everything we need to lead," states Zaharieva.