What is Scale-Up?
Scale-up is a term used to describe businesses that are experiencing rapid growth, typically in terms of revenue, employees, or market share. These companies have typically already established themselves as startups and are now moving on to the next stage of their development. The scale-up phase can be challenging, as companies need to manage their growth effectively, maintain financial stability, and remain competitive in a dynamic market.
The European Union and Scale-Ups
The European Union has set ambitious goals for scale-ups, recognizing their importance as a driver of economic growth and job creation. One of the key goals is to create a more supportive environment for these businesses, with policies and programs that encourage innovation, entrepreneurship, and access to capital. The EU has also launched initiatives aimed at increasing cross-border collaboration between scale-ups and creating a unified market for digital services, which could help businesses expand their reach and compete on a global scale.
The primary objective of RAISE is to create a comprehensive support framework that promotes the growth and scaling of startups throughout Europe in all its aspects, ranging from initial funding and research to support, public incentives, and internationalisation. This will lead to the promotion of innovative business models, unconventional partnerships, and solutions from across Europe, and will contribute to the creation of a thriving startup ecosystem within the EU.
This project will set up sustainable and in-depth links between the partners, and local, regional, or national ecosystems. It will launch a community of practice aiming to contribute to an interconnected space and will help the growth of scale-ups in Europe.