Seven European countries match US in startup-friendly laws, report says

STOCKHOLM — 

Seven European countries person changed their laws to summation worker ownership successful startups to rival the U.S. successful attracting endowment and investment, portion different countries are lagging, a study by task superior steadfast Index Ventures found.

While banal options were integral to Silicon Valley’s success, Europe has been hampered by bureaucracy and by taxing employees excessively early, among different restrictions.

The European Union needs a coordinated concern policy, accelerated decisions and monolithic concern if it wants to support gait with the U.S. and China economically, Mario Draghi said successful a long awaited report past month.

Over 500 startup CEOs and founders joined a run called "Not Optional" successful 2019 to alteration rules that govern worker ownership — the signifier of giving unit options to get a portion of the company, arsenic European-based companies vie for endowment with U.S. firms.

Germany, France, Portugal and the UK pb European countries successful making changes that lucifer oregon transcend those of the U.S., portion Finland, Switzerland, Norway and Sweden got little ratings successful the Index report.

When companies specified arsenic Revolut and others spell public, that ownership translates into existent wealth for employees, said Martin Mignot, a spouse astatine Index and an capitalist astatine fintech Revolut, which is valued astatine $45 billion.