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The European Commissioner for Innovation, Research, Culture, Education and Youth, Bulgarian Mariya Gabriel , is aware that the "lack of clarity and information" can lead to "misunderstandings and errors when setting up policies and monitoring the progress of startups and scaleups. She has thus recognized it in an interview with Business Insider Spain . It is for this reason that the European Commission is finalizing a report that it will present before the end of the first quarter of 2023 and that will explore "the existing definitions [of startups] used at the national and international level" and will identify "the indicators that can capture the main elements of the European Union ecosystem in a comprehensive inventory". This report will be followed by a pilot study that "will establish a set of indicators on startups, scaleups and innovation and high technology", so that these new metrics, already standardized, "can help analyze and model the policies of the innovation ecosystem. Precisely, the startup law, in force since the beginning of the year, is the first national regulatory text that launches a proposed definition of "emerging company.


Among its requirements : a maximum seniority of 5 or 7 years, not having arisen from a merger, not having distributed dividends, not being listed on the stock market, and having an innovative nature. Not so fast, ChatGPT: the European Parliament studies the fit of bots that generate text or images in the "risk" categories of the AI ​​Regulation facial recognition The studies advanced by Commissioner Gabriel are a new attempt by Brussels to help standardize the market, measure its evolution and support technological and business innovation. The Secretary of State Asia Phone Number List for Digitalization, Carme Artigas, already raised this need in mid-2021. "We must agree on how we measure the value we create with innovation , how we measure talent in our country, how we measure innovation itself, the digitalization process or how we measure data." "We are measuring companies from the 21st century with balance sheets from the 19th century," he said then. Mariya Gabriel picks up the gauntlet and assumes that there is this "growing need to improve the collection and analysis of data related to startups, scaleups and their ecosystems.



The use of diverse data, definitions and different methodologies has often made it impossible to offer a clear picture of the European startup landscape." "The adoption of common definitions would solve the problem of comparability and offer good quality data to improve the preparation and monitoring of political measures," he says. In that sense, these studies are part of the European Innovation Agenda that Brussels announced in the middle of last year and that seeks to create "that common data taxonomy." "It is time for European ecosystems to complement each other instead of competing" This Agenda, explains Mariya Gabriel, "represents an important step" since it will improve "access to financing for startups and scaleups", will favor the emergence of more regulatory sandboxes , and "will attract and retain talent." "With this new toolbox for innovation, we can provide Europe's agents of change – students, researchers and innovators – with the right environment to unleash their potential," he predicts.
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