High-growth firms are crucial for strengthening the European economy, and boosting innovation and competitiveness of European regions. They create many more new jobs compared to other firms.
At European level important initiatives have been taken to support startups. However, futher assessment is needed regarding the implementation of effective measures to support startups at regional level, notably reviewing progess made over time and promoting best regional practices.
In this context, the European Commission promoted the creation of SERN which was officially launched at a major event in October 2015 at the Committee of Regions. Since then, SERN has been set up as a non for profit organisation with a strong commitment to support startups and its activities, in particular byfocussing on the mapping and promotion of support activities at regional level across Europe and by mobilizing regional resources to address relevant barriers to startups’ growth, such as harmonization of regulations, access to talent and to major research infrastructures.
SERN aims at providing an annual overview and gauging of the measures taken by the regions to foster startup growth, highlighting best practices and showing cases studies.
SERN will engage with the European institutions, local authorities and relevant stakeholders to ensure the success of this initiative.