In the latest development, a group of EU entrepreneurs is working together to create a new pan-European legal entity for startups called EU Inc.
This is a project by the startup community for the startup community. It’s spearheaded by founders, non-profit leads, and investors.
This petition is officially supported by VC firms like Index, Sequoia, Point Nine, Blue Yard, 20VC, Festina, Interface, Speed Invest, Atlantic Labs, Plural, tiny.vc, System.One, FEV, Amino Collective, AENU, Prototype, and more.
The announcement comes six weeks before the new European Commission takes office and sets the agenda for the coming years.
“On December 1st, the new college of commissioners takes office and sets their agenda for the coming years. The new startup entity must be a priority in their plans,” says the website.
The need for EU Inc
In Europe, continent-wide investments and collaboration are rare, with less than 18 per cent of first-round investments being pan-European.
This is due to the complexity of navigating multiple legal systems, which restricts founders within national boundaries, limiting opportunities and hindering innovation.
“Europe can become the best place for innovators, and creating a shared startup standard is the first step,” says the website.
This entity aims to standardise investment processes, level the playing field, and unify the ecosystem. It could make collaboration easier, speed up investments, and create more opportunities for founders.
Additionally, the formation of this entity could harmonise stock options, simplify cross-border employment, and set a standard even beyond the EU.
“This is for anyone who wants to make Europe more startup-friendly—founders seeking funding, investors looking for opportunities, policymakers eager to facilitate positive change, or anyone who believes in a thriving innovation ecosystem in Europe,” says the official EU Inc website.
