European Tech Leaders Back 'EU Inc' To Drive 'Tech Renaissance' And Provide Venture Capital
A group of Europe's top tech entrepreneurs endorsed an open letter calling for a tech renaissance and the creation of a pan-European entity, EU Inc, to foster startups. The letter highlights fragmented regulations across the EU and calls for a unified legal framework to support cross-border operations, simplify investments, and drive growth. European startups face challenges in securing venture capital compared to the U.S. and China, which limits their potential. Prominent entrepreneurs backing the proposal include Stripe CEO Patrick Collison, Wise co-founder Taavet Hinrikus, and Pigment CEO Eléonore Crespo.
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00:00It's Benzinga, and here's what's on the block.
00:02A group of Europe's top tech entrepreneurs endorsed an open letter calling for a tech
00:06renaissance and the creation of a pan-European entity, EU Inc., to foster startups.
00:12The letter highlights fragmented regulations across the EU and calls for a unified legal
00:17framework to support cross-border operations, simplify investments, and drive growth.
00:22European startups face challenges in securing venture capital compared to the U.S. and China,
00:26which limits their potential.
00:28Prominent entrepreneurs backing their proposal include Stripe CEO Patrick Collison, Wyse
00:33co-founder Tvet Henrikis, and Pigment CEO Eleanor Crespo.
00:37For all things money, visit Benzinga.com.