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startup interview
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startup interview
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Startup USA vs Startup Europe
For some time I have been involved with an EU project that wrapped up in Brussels. Sun&Sup -the projects name- tried to identify the issues that hold back hi-tech start-ups in Europe, and to make recommendations that could improve the current situation. The project invited periodic input from selected hi-tech start-up companies across the EU (along with various service providers to start-ups) and I represented Germany on this project.
There are many reasons for Europe’s hi-tech malaise, and few easy answers. The Sun&Sup project tried to deliver some pragmatic services in pilot form, such as a self-help network of companies wishing to expand across borders, an expert system to help companies assess their business plans, a mentoring program to provide non-executive directors for start-ups, amongst others. Its most ambitious recommendation was to lobby to replicate the US system in government procurement, which sets aside USD 100 billion of government spending for small companies. European government procurement favour large companies: 50% of economic activity in Europe is from SMEs, yet only 30% of government spending is with SMEs. Of course opening up more government business to SMEs would not be a panacea, but it would help, as the successful federal Small Business Act has demonstrated for many years.
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