Business Angels Europe (BAE) and Invest Europe prepared a paper at the occasion of “Startup to Scaleup in Europe: The Role of Business Angels” event, which was co-organised with France Angels. It follows up on the joint efforts made by these associations in the context of the Scale-Up Europe Initiative to foster the development of European innovative businesses.
In this paper, both associations argue that specific changes - from the EU sophisticated investors’ treatment to tax incentives and marketing passports - could unleash the potential of tens of thousands of investors across Europe.
While the right focus has been put recently on the creation of scale-ups that have the potential to become unicorns, it is essential that EU policymakers continue developing initiatives focusing on start-ups at the lower end of the spectrum – as these remain the basis of the innovation pyramid.
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