SNS #6
Substandard progression
- 2024
- 2023
The assessment of startup formation and market entry processes reveals significant progress in streamlining administrative procedures. Our analysis focuses on three critical dimensions: time and cost requirements, fast-track procedures, and cross-border services integration. These indicators show how effectively member states are reducing barriers to entrepreneurship.
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Substandard 6.1 — Public Grants
Public grants play an important role in facilitating access to finance, notably by supporting companies in the early stages of maturity that may be less attractive to private investors, allowing innovation to jumpstart. Public funding serves a public role in financing innovations with the potential to transform society and the economy, which often entails a greater level of risk.
Substandard 6.2 — Indirect Access to Finance
Indirect access to finance is particularly important in this SNS. Its benefits and motivations align with those of public grants; however, the support is provided indirectly with the goal of increasing available capital and private investment. This is achieved by supporting the investors who, in turn, will subsequently invest in startups, fostering a dynamic flow of capital within the ecosystem.
Substandard 1.3 — Tax Relief Measures
Tax relief operates as an incentive for investment by reducing the tax burden on investors' capital gains, thereby increasing the attractiveness of investments, and drawing more capital into the ecosystem.