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France Digitale announces support for EU 28th regime proposal

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France Digitale announces support for EU 28th regime proposal
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Maya Noël, managing director of France Digitale | France Digitale

France Digitale has announced a collaboration with over twenty European startup associations in response to recent reports on the European Union's competitiveness. Together, they aim to propose ideas for the "28th regime," a unified EU status for startups, as introduced by Ursula von der Leyen.

According to the Letta and Draghi reports, Europe, with its market of 450 million consumers, presents regulatory and administrative barriers that hinder companies from scaling across EU borders. The reports indicate that 70% of European scale-ups prioritize expanding to the United States first. In response, the EU President proposed the 28th regime, a new EU-wide status intended to support young, innovative companies in growing within Europe.

The proposal includes a unified stock option framework, access to simplified European labor laws, and streamlined public procurement processes. Hearings with EU officials, including Vice Presidents Stéphane Séjourné and Henna Virkkunen, are scheduled to discuss the proposal’s implementation.

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Maya Noël, managing director of France Digitale, said: "Today, European companies face an obstacle race when they want to export to their neighbors. 27 countries and as many national regulations slow down scaling up on our continent and push us to turn to the United States or Asia to develop on larger markets." She added that "the political ambition of the President of the European Commission to finally achieve a single market through a 28th regime is a tremendous opportunity for our innovation ecosystem. With all our counterparts, we are mobilizing through concrete proposals to make this ambition a reality."

France Digitale is an independent organization uniting startups and investors with the goal of promoting innovation across France and Europe. It aims to foster the growth of European digital leaders by connecting stakeholders through events, supporting entrepreneurs with resources and connections, and raising awareness among public officials and the general public about the importance of the digital ecosystem.

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