The European Union plans to introduce a single set of rules for startups next year that will help them grow and operate in the region, as well as make it easier to retain talent, Reuters reports.
Chief Executive Ursula von der Leyen said that in 2026 the European Commission will present legislation to create a "28th regime" for startups. It would replace the 27 separate national systems that startups are currently forced to use.
"Too often it's easier to expand to another continent than across Europe," von der Leyen said. "I want it to be the same for you as it is for a San Francisco startup that expands across the United States," Leyen said.
These rules will be part of a broader effort to strengthen Europe's tech ecosystem, which includes the multi-billion-euro Scaleup Europe Fund and the AI First strategy, which aims to accelerate the adoption of artificial intelligence across industries.