Mario Draghi’s recently released report on European competitiveness underscores the urgent need to bolster Europe’s economic foundations. Hence, as part of the S9+ coalition, which represents Europe’s vibrant startup community, we are calling on D9+ ministers of the “digital frontrunner” countries within the EU to take decisive steps to enhance Europe’s global competitiveness and leadership in innovation:

• Rethinking Regulations: Let’s embrace a “think small first” mindset, ensuring regulations empower rather than hinder innovation. Europe can foster a dynamic market environment and be the ultimate startup powerhouse with the right rules in place.
• Balancing Regulation and Innovation: As we navigate new regulations, especially in areas like AI, we must provide startups with the flexibility to innovate while protecting consumers. A balanced approach to data privacy and connectivity is crucial to fostering a competitive digital economy.
• Uniting the Digital Single Market: Developing a digital wallet can enhance cross-border transactions, empowering startups to innovate in a cohesive market. A unified Digital Single Market with lighter but effective regulations will build trust and let innovation thrive.
• Championing the Digital Green Transition: Startups can lead Europe’s digital green transition, driving innovations that align with sustainability goals. Hence, supporting this ecosystem is essential for a brighter, greener tomorrow.

To reclaim Europe’s place in the global digital economy, we need regulatory reform, international collaboration, and AI-driven innovation. Bold leadership from D9+ states will ensure a thriving future for our startups!

Explore our joint declaration down here.