The European Commission has launched an EU startup and scaleup strategy to make Europe a great place for starting and growing global technology-driven companies.Startups and scaleups drive innovation and sustainable growth, create high-quality jobs, attract investment and reduce strategic dependencies. However, too many still struggle to take ideas from lab to market or grow at scale within the EU. The strategy addresses these challenges by supporting them throughout their lifecycle and identifying their key needs. It puts forward a set of actions the Commission will undertake in the upcoming months in 5 main areas:fostering an innovation-friendly environment: less fragmentation, fewer administrative burdens and simpler rulesdriving better financing: a larger and more integrated EU venture capital market and greater involvement of European institutional investorssupporting market uptake and expansion: a quicker journey from lab to marketattracting and retaining top talent: better access to highly skilled individualsfacilitating access to infrastructure, networks and services: simplified and harmonised diverging access and contractual conditionsThe strategy aligns with the broader Choose Europe initiative. The Commission will report on the strategy's implementation by the end of 2027. For more informationEU startup and scaleup strategyPress release: EU startup and scaleup strategyQ&A: EU startup and scaleup strategyFactsheet: EU startup and scaleup strategyCompetitiveness Details Publication date28 May 2025AuthorDirectorate-General for Communication