Welcome to ‘The Startup State’ - a weekly bulletin from the GEN Policy and Research team highlighting key entrepreneurship news, reports, commentary and features from around the world.
News
- United Arab Emirates has approved its first batch of government employees for one-year paid entrepreneurship leave, as part of the Initiatives of the Next 50 scheme which aims to enhance the competitiveness of the UAE workforce by encouraging them to venture into the private sector (Gulf News)
- CERN, the European organization for nuclear research, is opening access to some of its cutting-edge technologies to deeptech startups as part of a new project dubbed CERN Venture Connect (CVC) (Sifted)
- The European Bank for Reconstruction and Development and the International Finance Corporation are joining forces to strengthen support for early-stage enterprises and accelerators in North Africa (EBRD)
- The UK is closing in on a deal with insurers to invest billions of pounds in startups, with the agreement intended to form a central part of the chancellor’s Mansion House speech next week (Bloomberg)
- Japan is leaning towards softer rules governing the use of AI than the EU, as it looks to the technology to boost economic growth and make it a leader in advanced chips (Reuters)
Research and analysis
- G20 Startup20 communique
The new G20 Startup20 engagement group has called upon G20 leaders to:- Raise the joint annual investment of G20 nations in the global startup ecosystem to US $1 trillion by 2030;
- Consider favorably the group’s recommendations, policy directives, and actions in five areas for harmonizing the global startup ecosystem while retaining the autonomy of national ecosystems;
- Measure the efficacy of Startup20 for enabling G20 nations in identifying promising startups internationally, funding them collaboratively, mentoring them contextually, and scaling them globally;
- Continue the group in the future G20 presidencies.
- European tech ascendancy: Unlocking a continent’s innovation potential
Tech.eu summarizes the key findings of VC firm Creandum’s report in partnership with Dealroom. The report suggests that Europe has finally moved into a position to not only challenge the tech industry dominance of the US but potentially overtake it within the next 25 years.
Comment
- If Sunak wants the UK to lead on AI, he needs to invite startups to his summit (Christopher Brennan, co-founder, Overtone)
- An untold story of the Tunisian startup ecosystem (Ezzedine Cherif, founder, Split)
- Solving the global tech talent shortage is an enormous opportunity to catalyze innovation and growth (Abdulla Abdul Aziz AlShamsi, director general, Abu Dhabi Investment Office)
- (U.S.) Senator Schumer’s proposal for AI legislation is on the right track (Hodan Omaar, senior policy analyst, Center for Data Innovation)
Features
- MIT Technology Review: The $100bn bet that a postindustrial US city can reinvent itself as a high-tech hub
Can a massive infusion of money for making computer chips transform the economy of Syracuse and show us how to build the nation’s industrial base? - Politico: Europe’s big tech rules come at a cost. Look at Threads and Bard
Silicon Valley wants Europe to choose between its standards and the next big thing. - Tech Monitor: France wants to become Europe’s capital for AI
President Macron is calling for a French revolution in all things artificial intelligence. EU regulations may stand in his way.
To suggest content for inclusion in future editions of 'The Startup State', please email matt@genglobal.org.
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