"Today's local start-ups could become tomorrow's global success stories. We want to help start-ups stay and grow in Europe. By helping them navigate the – often perceived – regulatory barriers to fully benefiting from the Single Market. By making it easier for them to have a second chance, without being stigmatised if their idea doesn't succeed the first time around. And by improving access to funding by boosting private venture capital investment," European Commission Vice-President Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness presenting the Commission's Start-up and Scale-up Initiative which aims to give Europe's many innovative entrepreneurs every opportunity to become world leading companies. It pulls together all the possibilities that the EU already offers and adds a new focus on venture capital investment, insolvency law and taxation.

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