Fast-growing enterprises are generally associated with knowledge intensive and innovative sectors of the economy and they are key players in creating new, high added value jobs as well as in boosting EU growth. According to the 2011 “Innovation Union Report”, in all European countries providing this data, high-growth enterprises represent less than 10 % of all enterprises, and young high-growth enterprises (less than five years old, also called ‘gazelles’) less than 1 %.
Together with business creation, promoting business sustainment and growth is a crucial priority. In the current economic crisis, many companies have postponed investments in new, innovative business projects, with clear effects on their competitiveness. Also, as pointed out by a comment on this platform, the objective of entrepreneurs might become more and more to build something attractive enough to be bought by large and established companies.
Resources, support to innovation and knowledge creation are all necessary investments to help European ICT and web entrepreneurs to grow, internationalize, keep up with new trends and manage issues posed by the continuous update of technologies.
Which measures should be promoted to help tech and web entrepreneurs to flourish and grow in Europe? Which specific characteristics should be taken into account?