Margrethe Vestager

While it's true that many Spanish startups fit the SME definition in terms of size, it is crucial to distinguish between them due to their distinct nature. Startups are growth-oriented, often innovative and aim to disrupt markets, making them more than just traditional SMEs. We should recognize and support their unique potential and needs.

I believe that enabling businesses to start entirely online in the EU is essential for fostering innovation and economic growth. By removing unnecessary bureaucratic hurdles like physical offices, notaries, and lawyers, we can make it easier for entrepreneurs to bring their ideas to life and compete in the global market. This digital transformation is a key step towards a more competitive and dynamic European economy.

I believe that making incorporation processes for pan-EU startups entirely in English and online is crucial for fostering innovation and competitiveness across Europe. By simplifying the process and reducing bureaucratic barriers, we can encourage more entrepreneurs to start businesses and scale their operations across the EU. This approach aligns with our goal of creating a seamless digital single market, enabling startups to thrive and contribute to economic growth.

I believe that dedicating a portion of private retirement pension funds to invest in startups can provide an essential boost to innovation within the European Union. Startups are vital for economic growth and job creation. By investing in innovative businesses, we can ensure a dynamic and competitive economy that is beneficial for future generations. However, it is crucial to manage these investments prudently to balance risk and returns.