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PRESS RELEASE: Allied for Startups encourages European institutions to design a Digital Markets Act that incentivises starting up and scaling.

December 15, 2020
press release

[Brussels, 15 December 2020, contact: ines@alliedforstartups.org] Upon the official release today of a Digital Markets Act, Allied for Startups is poised to engage with policy makers to ensure that it incentivises high growth startups across the region. 

“Allied for Startups has already begun a comprehensive members consultation on the Digital Markets Act and we look forward to working with the European Institutions and our members to ensure that this act will benefit startups.” EU Policy Director Benedikt Blomeyer said. “The DMA has potential to be good legislation if it avoids pitfalls. However, while we await a full response from our membership,  the overwhelming feedback at this stage has been a resounding request that the DMA not undermine or diminish the acquisition prospects of startups in Europe. Exits, IPOs and the entire suite of the M&A activity is an integral part of a competitive and thriving ecosystem.“ Blomeyer added. 

Allied for Startups encourages the European Commission to design this legislation with startups at the center and continue a collaborative conversation with EU startup ecosystems to ensure the continued success of our growing startup ecosystem in Europe. 

Allied for Startups is a worldwide network of over 40 advocacy organisations focused on improving the policy environment for startups. Our mission is to ensure that the voices of startups are heard in government. For more information on Allied for Startups including a full list of our network, visit the website at www.alliedforstartups.org