Joint Declaration Reinforcing Entrepreneurship Ecosystem Signed

Author: Nikolina Zeljko | Category: News | Posted: 23.11.2018
On 15 November, a Joint Declaration Reinforcing the Central and Eastern European and Western Balkans Technological Entrepreneurship Ecosystem was signed by organizations representing startups from these countries, including SPARK. The digital revolution offers major opportunities for growth and innovation in both regions, which have major assets such as a large pool of talented people with strong ICT skills, a dynamically growing startup community and rapidly improving infrastructure and connectivity, as well as proximity to large markets. Startups, in particular, can help transform local economies and societies in both regions, while creating high-quality jobs. However, startups continue to face challenges that prevent them from realising their full potentials such as fragmentation of efforts to support them, red tape and under-investment. A cooperative effort is thus needed to improve startup ecosystems in both regions, to provide an innovation-friendly environment and enable digital startups and SMEs to scale-up and participate in the EU Digital Single Market. The Declaration was signed on the margins of this year's Startup Europe Summit, Europe's annual rally with innovators, investors, and policymakers.   The signatories to the Declaration will now work together to forge stronger links between the different startup hubs in the respective countries, promote greater cooperation and specialization and link up the Central and Eastern European and Western Balkans’ startup ecosystems to more mature European hubs so as to tap into their expertise and resources. #CEEnetwork #WBnetwork #SPARKstartup