In the opinion of Professor Friederike Welter (IfM Bonn/University of Siegen), the European Commission's funding initiatives should not only target fast-growing companies but should also focus on innovative medium-sized companies in general. "Some entrepreneurs do not want their companies to grow fast at all. But also these companies can be very successful", she explained during the panel discussion "The Start-up Strategy and Innovation Act: What else to spur and retain innovative firms in strategic technologies?" at the 10. European Conference on Corporate R&D and Innovation End of September in Sevilla (Spain).
She also recommended making the European single market even more attractive to companies by adopting a more trust-based approach to bureaucracy. She referred to the United Kingdom, where the importance of the regulatory system as a dynamic competitive factor in international location and innovation competition has been at the centre of economic policy discourse in place of fragmented bureaucracy for a while.
