Founders of some of Europe's largest technology unicorns are calling for the creation of a single pan-European entity to promote startups and innovation.
The founders of Stripe and Wise are among the signatories to an open letter calling for the creation of "EU Inc," a single pan-European entity that would promote startups and innovation in the EU.
Rather than writing new legislation at an EU-wide level to simplify regulations for tech startups, the founders are calling on policymakers to allow for the creation of a new single entity, called EU Inc, under the bloc's 28th regime. The new structure of EU Inc would "standardize investment processes, simplify cross-border operations, and create a unified employee stock options framework" to help European startups scale rapidly and attract more capital, according to a Monday press release.
Meanwhile, European Commission chief Ursula von der Leyen has made supporting innovation, competitiveness and smarter regulation a key part of her focus since
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