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Declaration of intent – Title to come Startups and scaleups are key to Euro pe’s future economy and society, as highlighted by the Digital Decade Policy Programme adopted in December 2022 . Among t T he digital targets established it sets out , it highlighted the growth of innovative scale-ups and the improve ment of their access to finance with the objective include to at least double doubl ing the number of unicorns in the EU by 2030 and ensur ing more than 90% of SMEs reach at least a basic level of digital intensity by the end of this decade . I n 2021, 25 2 6 EU Member States signed the Europe Startup Nations Standards Declaration , committing to follow take action at a na t ional level to meet 8 standards of the declaration and therefore ensure they offer growth-friendly conditions to make their nations fit for startu ps. As a result Furthermore , the Europe Startup Nation s Alliance (ESNA) was set established to support Member States in achieving th e s e goal s . , All of this demonstrates strong recognition of the recognizing the importance of tech entrepreneurship in boost ing EU’s productivity , creating j ob s and ensuring innovation enters the market to help improve people´s lives . . The European Union offers a significant opportunity to startups , with figures like a GDP per capita of 3 7 ,000 EUR and a consumer base of 450 million individuals . Furthermore , its M ember S tates are characterized underpinned with by sophisticated digital infrastructures and an the highest percentage contribution of e-commerce contributing the highest percentage of to GDP . Additionally, the European Union commands the global innovation index, with five of its Member States securing spots a rank within the top 10 . The new Commission institutional mandate starting in 2024 offers a window of opportunit y for the European Commission Union to put forward a genuinely European, comprehensive and cohesive strategy to tech entrepreneurship to harmonize all initiatives and foster the EU single market . Start-ups and scale-ups are crucial for the economy, competitiveness of the EU and contribute to the technological leadership of Europe. These highly innovative companies are key to providing solutions to global challenges . In this sense , the signatory parties agree strongly recommend on the following: Assign the responsibility for an Ensure the coordination of the EU Tech Entrepreneurship Strategy through a single Commissioner . Acknowledging that to one lead Commissioner . startup-relevant measures are the responsibility of multiple Directorates General (DG) , the Strategy would cover A single D irectorate G eneral (DG) should be appointed to lead efforts to develop initiative s targeting all stages of a startup ’s lifecycle , from creation and growth to exit strategies, building up on initiatives such as the EU Startup N ations Standard s and the European Innovation Council. Enact minimal legal harmonization in support of tech entrepreneurship . It should includ e common definitions, to enhance the EU's global competitiveness . Instead of competing against each other for the attraction of talent and investment , where Member States commit to work towards the creation of an internal, homogeneous and border-free market where startups can thrive and benefit from economies of scale , easing the process of investing through a reinforced Capital Market Union . Moreover, the s ignatory parties welcome further discussions on harmonization . Support the e E stablish ment and development of new non-binding regulatory sandboxes across the EU to assist entrepreneurs in navigating digital legislation and fostering innovation with a coordinated approach at EU level . The strategy should include the S s etting up of sandboxes specific for finding discovering innovation opportunities flowing emanating from existing legislation and for helping compliance with it should be further promoted . This is the perfect an important opportunity for our startups to face assess the upcoming tech regulation. Implement ties with LAC Latin American and Caribbean (LAC) countries tech entrepreneurship ecosystems. In the context of the Digital Alliance EU – LAC and making use of the Global Gateway funds, it is now the time to ensure there is collaboration across both regions and synergies, setting a Tech Entrepreneurship Alliance which builds on Accelerators of the Alliance . Additionally, we agree to explore the possibility of designing similar alliances with other regions. Although w omen make up half of the EU’s population , female -owned startups and scale-ups are still rare, accounting for only 11% of founders in the EU . The IMF estimates that closing the credit gap for women-owned and women-led SME s would result in a 12 percent increase in annual incomes on average by 2030 . The signatory parties endorse the following initiatives agree on the importance of the potential in the EU Tech Entrepreneur Strategy to address the gender gap , regarding : The European Commission should i mplement a comprehensive review of EU forms and application processes for accessing financing to avoid Avoiding unconscious bias in access to finance and give recommendations to Member States on the matter identifying and sharing good practice, by for example reviewing at EU forms and application proesses . Member States signatories comm it to help introduce Introducing incentives for companies with more balanced gender representation to promote g ender balance in companies . The European Innovation Council should include m entoring programs that support women in finding investment and growing its business. While there have been notable improvements , financing remains a challenge for entrepreneurs . V enture capital has grown to 52 49 billion USD EUR , but it lags behind the USA at 245 233 billion USD EUR and China at 61 58 billion USD EUR . In this regard, the EU accounts for 249 unicorns at the end of 2 022 , while the USA has 1,503 , and China for 348 and India for 108 of which more than half born over the last two years . To address our joint financing challenges, Member States signatories agree that the EU Tech Entrepreneurship Strategy should carry on the following actions : take into account the financing problem . Initiatives such as the European Tech Champions Initiative (ETCI) should be strengthened, while othe r solutions c ould be discussed such as the possibility to increase synergies and cross-border collaboration between national venture capital funds targeting scaleups in growth stages . Development of the European Digital Bonds . Establish a retail market to direct capital exclusively to technology startups and high-risk projects . Establishment of guidelines and taxonomy for the issuance of digital bonds by national public debt issuers. Establishment of a pan-European fund for early-stage startups and scale-ups . It ought to aim to become operational within the next five years, by harnessing the existing financial initiatives in Member States. To facilitate this, DG Grow will develop not only guidelines but also a network platform to connect various funds . Launch of a special insurance for innovation and growth . It will be carried by the European Investment Bank to allow our entrepreneurs the access broadly to bank financing. This insurance will work as a catalyst between banks and entrepreneurs. ESNA is instrumental in ensuring that Member States and the EU advance in their implementing best practice policies for tech entrepreneurship under national competencies . Having in mind the Data Platform and the One-Stop-Shop Talent Service Desk that ESNA is developing, it is then crucial that ESNA’s status is enhanced. Equally , it is time To broaden our discussions, existin g Members agree to extend the invitation to other EU candidate countries to join ESNA . The European Commission and Member States should commit to increase financing for ESNA to ensure its success . I n closing, the signatory parties commit to driving innovation, fostering collaboration, and catalyzing positive change in the tech entrepreneurship ecosystem. Together, the European Union and the Member States and European Union institutions embark on a journey to shape the future of technology, creating opportunities, and ensuring a sustainable and thriving digital landscape. We firmly believe that start-ups, with their innovative and digital technologies, are crucial for the future competitiveness of the EU and are key in addressing global crises . The signator y part ie s commit agree to turning this vision into reality, forging a brighter and more interconnected tech-enabled world for all. Saatja: Castrillo Diaz, Darío <[email protected]> Saadetud: 09.10.2023 20:44 Koopia: Gago Fernandez, Alberto <[email protected]>; Admin ESNA <[email protected]> Teema: Declaration of Intent in Tech Entrepreneurship - Revised Tähtsus: Kõrgeim Manused: image001.jpg; image002.png; Declaration of Intent in tech entrepreneurship (2).docx Dear Member States, I hope this email finds you well. I hereby send you attached the second draft of the Declaration of Intent in Tech Entrepreneurship. We have carefully considered every comment from every Member State, avoiding any overlap and carrying out a linguistic quality check. We hope that this second version of the Declaration is acceptable for all of you. We have left the tracked changes to give transparency to the changes undertaken. We would be happy to receive any further comments to this version to reach consensus on the final text by the October 11th at 18.00. Unfortunately, the deadline would be quite short on this round as to be able to adopt the Declaration on the 19 October during the ESNA Forum, to which all Ministers of the EU27 have already received an invitation. We would be happy to hold another video-meeting to discuss final details after the 11th October or beginning of the next. In addition, we would like to address some cross-cutting questions that many Member States have asked us:  Regarding the signing of the Declaration: There will be no actual signing, but a list of names of Ministers, Titles, and his/her Member State at the end of the Declaration. During the ESNA Forum, it will be adopted by the representatives present that would have been entrusted with the adoption by your Minister.  Regarding the possibility to change the focus of the Declaration from Tech Entrepreneurship to Startups: we could be flexible if the use of the word is a red line for any Member State, but we believe that the word “entrepreneurship” reflects better the whole lifecycle of startups from creation to exit. Finally, we would be interested in knowing whether your Member State would be willing to sing up to this declaration. Sincerely Darío Castrillo Díaz Cabinet of the Secretary of State for Digitalitazion and Artificial Intelligence Ministry for Economy and Digitalization Poeta Joan Maragall nº 41 | 28071 Madrid | +34 91 346 23 65 [email protected]