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Introspection required if EU Inc fails, says start-up lobbyist
European start-ups have a new voice in Brussels. Startups for Europe, created from the merger of lobby groups Allied for Startups and the European Startup Network, is hoping to harness the momentum behind EU-Inc, a campaign that united start-ups and investors behind demands for a new pan-European company regime.At a launch event for the new association in Brussels on October 1, the mood was remarkably upbeat compared to a typical Eurobubble gathering, more Silicon Valley than Schuman roundabout.When asked whether this reflects a feeling that Europe is on the right track, chief executive Serena Borbotti-Frison said it’s a “scary” moment as the continent looks to boost its competitiveness amid a new technological arms race.“What is at stake is quite intense, and the way we can answer is by delivering, but also with hope,” she told Science|Business. “It’s what our industry does. It’s not about identifying a pain point and then saying it’s too hard.”For many in the start-up community, that sense of hope is dwindling. In March, the European Commission presented its proposal for EU Inc, naming its initiative after the grassroots campaign.EU Inc was meant to be a gamechanger: the ability to incorporate within 48 hours for less than €100 and scale up across Europe; a harmonised stock option regime enabling start-ups to compete for talent; and simplified insolvency procedures for innovative start-ups to reduce the cost of failure.However, haggling by EU governments has raised concerns that EU Inc will be stripped of the very features, including stock option harmonisation, that are meant to make it attractive for companies.“I fear we are proving to ourselves that the model doesn’t work,” Borbotti-Frison said of the policymaking process. “Everyone agrees we should have EU Inc. Everyone agrees it’s hard to scale and we need to scale to answer the competitiveness [challenge], and still we cannot deliver? [. . .] What does that say about ourselves?”The Commission has made EU Inc a cornerstone of its single market reform, and has agreed with the European Parliament and the Council of the EU to target an agreement by the end of 2026. However, several points are currently holding up an agreement, including national rules around employee participation in management decisions, and the provision that employee stock options always be taxed at the point of sale. Some EU governments have reportedly pushed back on the Commission’s choice of legal basis, contending that anything related to taxation requires unanimity in the Council.Trade unions have also protested against EU Inc, fearing it will be exploited by companies looking to undermine workers’ rights.“If this doesn’t work, it’s introspection time, on the way our institutions work, maybe the way our lobbies work, and maybe the way the cooperation between them works,” Borbotti-Frison said.“Is it in the national interest? Is it a gap between political will and technical ability to operate? Is it speed? I don't know, but something needs to be fixed.”Ahead of last week’s European Council meeting, EU-Inc campaigners tried a new strategy: appealing directly to EU presidents and prime ministers. In an open letter, they urged EU leaders to “step in and give your negotiating teams a clear mandate to change course and reverse their objections to the Commission’s original proposal.”Lessons from EU-IncLike its predecessors, Startups for Europe will represent national start-up associations, but it is also targeting investors. The founding sponsors are venture capital firm Atomico and EQT, the investor selected earlier this year to manage the €5 billion Scaleup Europe Fund.It also wants to harness the knowledge and cross-border experience of European success stories. “Take the list of the 100 biggest unicorns in Europe. We are speaking to all of them,” Borbotti-Frison said. The association plans to publish a full list of supporters following the Slush tech conference in Helsinki in November.Andreas Klinger and Simon Schaefer, two key figures in the EU-Inc campaign, are both on the board of the new association, and Startups for Europe wants to take the lessons from their campaign.What was unprecedented about EU-Inc was “how rooted it was, and how strong it was in bringing everyone on board behind one clear pain point and solution to fix it,” Borbotti-Frison said. “This is an inspiration for us, and then we need to turn it into something more systematic, more bridged in Brussels, more connected to the policymaking game, and to scale it.”If it’s possible to unite such a broad coalition, it’s because the European start-up ecosystem is now mature, she said. “Maybe it was not ten years ago. Maybe it was not five years ago. But now, it’s mature to speak with one voice.”Open and liberal EuropeThe association plans to campaign on files related to three “pain points,” Borbotti-Frison said: “start and scale in Europe, fundraise and invest in Europe, and making Europe the most innovative continent.”As well as EU Inc, she cited public procurement, the EU’s simplification push, the Savings and Investments Union, and files related to AI adoption and technological sovereignty as priorities for the coming months.What these files have in common is that they relate not to subsidies but to the framework conditions influencing the availability of mostly private, or in the case of procurement, public, funding.Related articlesEmployee participation disagreement delays MEPs’ vote on EU IncCommission urges EU governments not to water down EU IncEU’s ‘ultra-fast’ €5B scale-up fund is set up to win, says its fund managerThe budget dispute over the next Horizon Europe programme will also impact start-ups, which are supported notably through the European Innovation Council. But EU innovation funding is a drop in the ocean compared to venture capital and public procurement budgets.“If competitiveness and innovation are a priority, then the [EU budget] should reflect it,” Borbotti-Frison said. However, she added that the main question is not how much public money is invested, but “how do we create the right conditions for the market to solve the problem?”The Scaleup Europe Fund mixes both approaches, using €1 billion in EU funding to crowd in private investors and address Europe’s lack of large-scale, late-stage growth funds. “It’s a proof of concept. Ideally, then the market will do it itself,” Borbotti-Frison said.Startups for Europe is also focused on bringing an alternative political narrative. Amid competing visions for open, global markets on the one side and a protectionist Europe on the other, it wants to offer “a third voice, to say we can be proudly European and build a strong continent in a liberal economy, open to the world, and global.”It can be tempting, when thinking about how Europe can better support innovation, to look across the Atlantic. But while it’s important to compare statistics to see where Europe needs to catch up, that’s where the comparison should stop, Borbotti-Frison said. “On everything else, we need to do it our own way. We don't have the same history. We don't have the same political model. We don't have the same way of life.”Many of the key files that could benefit the start-up community, including EU Inc and the Savings and Investments Union, rely on closer integration within Europe, making it easier to operate across borders.While the Commission has made deepening the single market a political priority, support at national level is more precarious. The coming months will see pivotal elections in Spain and France, while the German government has also been coming under pressure domestically. In each country, far-right parties have been gaining ground.When asked if she was concerned the political situation could jeopardise this progress, Borbotti-Frison responded: “Of course. I would be lying if I said I wasn’t.” However, she continues to believe that cooperation is the only way forward. “Doing it alone is not the solution. It’s also not who we are, it’s not the model we are building, and it’s not the scale we need.”
Iowa businesses recognized as top 100 US small businesses
Three Iowa businesses were named to the U.S. Chamber of Commerce’s 2026 CO—100: America’s Top 100 Small Businesses list. The CO—100 recognizes small businesses for their growth, innovation and commitment to their customers, according to a news release. Original Group Holdings, a woodworking equipment manufacturer in Britt, was recognized as a community champion. The company…
Tennessee Titans news: Week 7 vs. Browns can snap streak
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North Pullman rehab effort touted as ‘history making’ has stalled
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China’s rise deepens industry concerns: Europe lacks a clear plan for life science
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Lawmakers eye micro-hospitals as part of New Jersey's healthcare future
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Istios Health Expands Clinical Research Network into Texas Through Kidney Care Associates Partnership
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Brown: What’s wrong with political polls these days?
"As we barrel toward another consequential election on Nov. 3, we should reconsider the role of polling in our political discourse," columnist Aaron Brown writes.
TAMUSA opens new $55M public health and education building
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Autosport Business Exchange New York Examines the Forces Driving Racing’s Next Era of Growth in America
Christian Horner headlines ABX in New York as leaders from motorsport, business and brands convene in Manhattan
Things to do: Oct. 22-28
HUNTINGTON — There’s an abundance of activities this week as people can participate in book clubs, see live performances or make and browse crafts at different venues. Here are events
Hardly Strictly Celtic comes to the Nevada Theatre Oct. 24
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'Working Lab' helps Norwich small business owners
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Clarivate Demonstrates Global Demand For AI-native Web Of Science Research Intelligence
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Spokane care providers work to protect services
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From Penn State teammates to business partners, the Clifford brothers’ paths continue
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New Spokane alliance drives life science growth
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New Spokane alliance drives life science growth
Spokane-based organizations Greater Spokane Incorporated, LaunchPad Inland Northwest Foundation, and Health Sciences & Services Authority of Spokane County are partnering with Seattle-based Life Science Washington to expand access to resources and support for life science entrepreneurs in the…
Spokane care providers work to protect services
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Nestle beats sales forecasts as it excludes seized Russian business
By Alexander Marrow LONDON, Oct 22 (Reuters) - Nestle reported better-than-expected organic sales growth for the third quarter on Thursday and said it had excluded its Russian unit from consolidated financial accounts after Moscow seized the business....
Nestle third quarter organic sales beat forecast, deconsolidates Russian business
By Alexander Marrow LONDON, Oct 22 (Reuters) - Nestle reported better than expected organic sales growth for the third quarter on Thursday and said it had deconsolidated its Russian business after Moscow seized control of Nestle's Russian assets last...
BROWARD HEALTH MOBILIZES MORE THAN 500 WALKERS FOR BREAST CANCER AWARENESS - Florida Hospital News and Healthcare Report
The Broward Health team at the 2026 Making Strides Against Breast Cancer walk. October 21, 2026- Broward Health recently rallied 523 employees, friends and family members for the 2026 American […]
Buccaneers Have an Extremely Crowded Wednesday Injury Report
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New Business Spotlight: Simpson’s Meats brings farm-to-table tradition to Belltown
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Baby manta rays stick to the shallows to avoid sharks and orca
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The New Rules of Global Brand Growth
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Crowley, Tiffany clash on education, taxes in Wisconsin governor’s debate
MADISON (WKOW) -- The only scheduled debate between Democratic gubernatorial candidate David Crowley and Republican candidate Tom Tiffany was held Wednesday evening.
Abortion, ICE and socialism spark fireworks in swing state governor debate: 5 top moments
Republican Tom Tiffany pointed to a 20-week abortion limit while Democrat David Crowley declined to name a gestational cutoff in their debate.
Canada's youngest generation is off to a healthy start, but screen time is a challenge
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What International Business Machines (IBM) Said on Its Q3 Earnings Call
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Private business fortunes reveal overlooked source of wealth and inequality in America
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KC Concepcion limited during Wednesday's practice
Cleveland Browns WR KC Concepcion dealing with multiple injuries
Tracking tsunamis triggered by extreme weather
As much of Western Europe faced record-breaking temperatures and extended drought this summer, Croatia experienced another weather event that could also set a worrisome precedent.Over the course of two weeks, a series of meteorological tsunamis (meteotsunamis) struck Croatia’s Adriatic coast, alarming both residents and tourists. Social media posts showed flooded seaside promenades and people walking through knee-deep water. Fortunately, no deaths or major damage were reported.In a world where natural disasters seem to be increasing, meteotsunamis — tsunamis caused by rapid weather changes – rarely make headline news. But warming sea temperatures and changing atmospheric conditions may help explain why these phenomena could become more common, especially in shallower seas and inland lakes with wide coastal shelves.“We have definitely become more aware of them, and there have been a lot more reports of these events in the last 10 years,” says Jadranka Šepić, an associate professor of environmental physics at the University of Split whose research focuses on efforts to track meteotsunamis in real time. She is also one of Croatia’s ambassadors for Science Comes to Town (SCTT), a European Commission-funded programme aimed at making research more accessible to the public.Šepić sees two possible reasons for the apparent increase in meteotsunamis. One is that photos and videos shared on social media are providing more empirical evidence, while rising air and sea temperatures could also play a role. The geophysicist “cannot say with certainty” that warming is a contributing factor because research is still ongoing. “But I can say that previously in Croatia we might have had one exceptionally strong event every 10 or 15 years, and one strong event every five years, and within 15 days this summer we had five strong events,” Šepić notes. “This is not typical.”‘A fist against the sea surface’Unlike tsunamis that are triggered by underwater earthquakes or volcanoes, meteotsunamis are caused by sudden changes in atmospheric pressure combined with other rapidly developing weather events, such as thunderstorms. The effect “is like pushing a fist against the sea surface,” Šepić explains. The resulting oscillation intensifies as it reaches shallower water, and “can be far more destructive than a wind-driven wave because meteotsunamis are accompanied by very strong currents than can penetrate much deeper inland.” The meteotsunami, she continues, “then behaves the same as a tsunami — they slow down and grow as the sea shallows, and then grow further in places like harbours due to further shallowing and narrowing. When they come ashore, they can be very destructive — taking everything with them out to sea and then taking it back.”Croatian research institutions have tracked such sea oscillations since the 1930s because the relatively shallow Adriatic Sea is prone to meteotsunamis. The strongest recorded so far was in June 1978, according to the Adriatic Meteotsunami Catalogue, which is supported by the European Research Council (ERC), Croatian Science Foundation and the country’s leading research institutions. During that event, six-metre-high waves flooded the coastal town of Vela Luka on Korčula Island, causing major damage.Other meteotsunami “hotspots” in Europe include the Mediterranean Sea as well the Atlantic coastal shelves off France, Portugal and Spain. In June 2006, a meteotsunami with five-metre-high waves swept through the harbour of Ciutadella in Spain’s Balearic Islands, causing widespread damage to boats. Several less powerful events were reported in the Balearics and off the coast of Spain this summer, leading to some beach closures.Forecasting is challenging because of how quickly meteotsunamis can develop and their uncertain trajectory. Šepić is involved in two ERC-funded research projects — SHExtreme and MeD-Track — aimed in part at strengthening monitoring and real-time data collection. Access to accurate and immediate information is essential for early-warning systems.Early exposure to meteotsunamisŠepić first learned about meteotsunamis from her parents while growing up in Croatia. She later had the opportunity to investigate these events during her master and doctoral studies in geophysics at the University of Zagreb. The geophysicist has also conducted research at the Institute of Oceanography and Fisheries in Split, the University of the Balearic Islands in Palma de Mallorca and the Institute of Ocean Science in the Canadian province of British Columbia.Projects like SCTT are important to raise awareness about research and inspiring young people to pursue studies and careers in science, notes Šepić. She credits her colleagues at the University of Split and the Institute of Oceanography and Fisheries for their community outreach and engagement in the European project, which includes partner universities and institutions in Brest (France) and Kiel (Germany). As an example of town-gown collaboration, Šepić highlights her own university’s ‘Oceanographers on the Island’ programme. This initiative offers workshops and hands-on learning for children living on numerous Croatian islands.“It is a great privilege for Split to be involved in a project like Science Comes to Town, which is the first of its kind in the European Union," Šepić says. As for encouraging new generations of scientists, “This is a great effort, and I hope that we will see an effect in a few years.”Science|Business, which connects policymakers, academics and industry through its news reporting, analysis and events, is an SCTT partner.
Trump rally gets rowdy with at least 12 protesters removed
A South Carolina rally was continuously disrupted by protesters as President Donald Trump tried to shore up support for Republicans ahead of the midterms. CNN’s Alayna Treene reports.
Independent filmmakers finding ways to protect work from AI
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Excessive Litigation Undermines Small Business Growth, Innovation and Opportunity - Small Business & Entrepreneurship Council
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iPhone Duo Reviewers Really Miss Face ID
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Illinois Women's Basketball Ranked No. 23 in Preseason AP Poll
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Trump’s growing list of campaign pledges: From the Politics Desk
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NBC developing “Coach” reboot with Ty Burrell
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Resort Life Carts named national top-10 honoree
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Integris Health to join Kaiser Permanente's Risant Health
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Hot 97 DJ Funkmaster Flex gets into fight at Knicks game
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Patriots decide on starting guard duo against Bears
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Minneapolis mental health crisis response program ‘thrown into chaos’
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Packers’ ‘Huge Advantage’ Over Lions Could Determine Outcome
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Seneca begins $8.9M sports lounge project at Niagara casino
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Film and TV shoots in L.A. continue to drop despite state tax credit
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Chiefs’ Andy Reid calls Seahawks defense ‘The best in the business’
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Built on family, strengthened by employees: Syverson Tile & Stone earns prestigious award
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Does opting out of smart TV tracking work? Research finds “suspicious” traffic.
OS operators throwing out that data is "unlikely," research author tells Ars.
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Alumna Charlotte Lillie Balogh Writes Her Way in the Entertainment Industry
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Opinion: Abbott’s family tree is growing. Will its newest branch thrive like AbbVie?
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As Ebola spreads in Congo, grieving families face a growing mental health toll
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Mitten on the mesa: Whitmer stumps for Haaland in Hull’s hometown
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Integris Health sold to Kaiser Permanente Division
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AT&T's CEO throws shade at Musk's Starlink mobile ambitions
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Canada wants to expand its LNG business. Critics raise red flags
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Black River Entertainment Hosts Showcase At Franklin Theatre
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Mastercard boosts NYC Marathon businesses with spending lift
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Baidu (BIDU) Expands Its AI Business, but the Core Revenue Recovery Remains Uncertain
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Stranger Than Heaven: The Final Preview of the Yakuza Team’s Ambitious, Decades-Spanning Action-Adventure
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Florence Regional Airport
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CoreWeave's business model explained: Why investors are worried
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Scrap exports deepen Europe's aluminum shortage
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Health Foundation of South Florida Opens Nominations for 2027 Inspiring Women of Health Awards - Florida Hospital News and Healthcare Report
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UNC Health CEO Dr. Cristy Page Receives National Leadership Award
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Andy Reid discusses a young cornerback's growth since rookie season
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Republicans grow more worried about a midterm blue wave as Trump’s numbers hit record lows
Who went home on 'DWTS' Week 6 from Dedication Night
Tuesday night was an emotional one on Dancing with the Stars as the reality show hosted Dedication Night. The 10 remaining couples all honored special people -- or places -- in their lives, often bringing the crowd, viewers and judges to tears. Former DWTS pro and two-time Mirrorball champ, Kym Johnson, joined the panel as a fourth judge this week.
Abbott cuts 2026 sales growth view, plans to spin off nutrition business
Abbott Laboratories cut its 2026 sales growth forecast on Wednesday and said it plans to separate its nutrition business, which includes baby formula, into a publicly traded company.
Trump calls for data center ‘dividends’ in bid to win over midterm voters
President’s social media post says sites should pay the communities where they will be located and comes amid growing unpopularity of facilities
Phillies Get Update On Triple Crown MVP Free Agent Target
The Philadelphia Phillies are linked to a superstar infielder who will officially become a free agent option in the offseason.
US extreme weather survivors are a growing group – now they want to be a political force
At a gathering in Texas, near where floods killed 136 people last year, survivors are united on the need for urgent action
Reggie Burrows Hodges remixes the Old Masters for an L.A. homecoming
Reggie Burrows Hodges is the subject of three concurrent L.A. exhibitions at the Getty, the California African American Museum and Art + Practice. These will mark his first-ever solo presentations in his hometown.
N.P. native Danielian talks new book ‘Paperboys & Bicycle Thieves’
When it comes to reflecting on one’s childhood, a wide range of memories can come to mind. They usually center on pivotal moments of growth, memorable interactions, and crazy, extraordinary
Miami-Dade Small Business Program: New opportunities
Getting your Trinity Audio player ready... For a small business owner, winning a government contract can be a significant milestone — obtaining steady revenue, scaling up your business, and achieving long-term growth. In Miami-Dade County, an important first step for many businesses is becoming certified through the county’s Small Business Development programs. Today, Miami-Dade County […]
Can James Carville Please Just Be Quietly Wrong Somewhere Else?
The omnipresent consultant-cum-tantrum-thrower has long outlived whatever relevance he once had, but cable producers, podcast hosts, and Democratic campaigns haven’t got the memo.
How to help your parents if they’re using chatbots for health advice
A growing number of older adults are using AI, including to access health information. Here are some ways to help them navigate it.
PSG licking their wounds, despite Barcelona win
Paris Saint-Germain’s win over Barcelona came at a cost. Once again, the reigning European champions put on a spectacle as they look to defend their UEFA Champions League crown. The 4-2 win will lik...