![]() The European Scaleup Institute is positioning itself to support these endeavours. ![]() Meanwhile the European Innovation Council is building a ScaleUp 100 action that will provide enhanced support to 100 deep-tech start-ups emerging from its own and other EU programmes. In February, the European Investment Bank launched the European Tech Champions Initiative, a fund of funds that will channel late-stage growth capital to growth companies. Inevitably, the working paper identified access to capital as the main hurdle, and subsequent EU initiatives aim to address this. “There has been so much hype around start-ups, but it is really the scale-ups that create economic growth and employment, and help solve the big challenges we face as a society,” said Anna-Maija Sunnanmark, senior innovation adviser at Nordic Innovation, the agency partner. According to a European Commission working paper on the scale-up gap, published at the end of 2021, closing the gap between the EU and the US could create up to one million new jobs and up to €2 trillion of extra GDP in the EU over the next 20 years. The institute will drive home the message that scaling up matters. Research findings “will be directly applicable to real business challenges, as well as the creation of dedicated skills and support programmes for scale-ups, and tailored toolkits that can be implemented into current businesses,” said Veroniek Collewaert, professor of entrepreneurship at Vlerick Business School in Belgium and the institute’s academic director. ![]() ![]() The newly formed European Scaleup Institute (ESI) is a case in point, an alliance bring together six European business schools and one innovation agency to focus on the specific problem encountered in scaling-up and help companies plot a route from start-up to growth. EU policy has recently mobilised to address this gap, and other players are now responding by internationalising their efforts. Europe has a scale-up problem, with too many promising start-ups failing to grow and realise their full potential. ![]()
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