SNS #2
Substandard progression
- 2024
- 2023
Talent is essential in driving innovation, developing cutting-edge technologies, and ultimately for economic growth. Beyond that, attracting and retaining talent is paramount for fostering favourable conditions for high-impact startups to set up a base in Europe, and eventually scale globally. The highly technological nature of startups and their need for innovation is contingent on highly skilled individuals and is therefore a fundamental condition for startups to thrive - this is a necessary condition for Europe to have a favourable environment to not only attract and retain, but to create talent.
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Substandard 2.1 — Visa Applications
Visas play a crucial role in talent attraction, as they are usually a prerequisite for relocating to another country. Visa acquisition processes are often perceived as time-consuming and burdensome, and thus represent a setback in the decision-making process to move abroad. The focus of this Substandard is to monitor measures aimed at streamlining these procedures for founders and experienced workers.
Substandard 2.2 — Programmes for Talent
Attracting and retaining talent implies creating and developing programmes tailored for highly qualified individuals possessing a specific set of skills, namely in the tech sector. The Substandard also entails programmes designed to reattract talent back to their home regions.