A startup visa, which would be applicable across the European Union, will allow entrepreneurs to invest in establishing businesses and hiring native skilled employees in the region, according to the European affairs at Allied for Startups director, Lenard Koschwitz.
He is quoted by EurvActiv.com as saying that it was necessary for Europe to extend itself more in a bid to lure skilled people and rev up startups. Saying that talent is at a premium in Europe, Koschwitz is of the view that this trend can be upended.
Meanwhile, the European Commission is all set to suggest changes to the blue card visa for talented workers on 7 June.
It is said that the Eurozone is losing close to 120,000 educated workers with post-secondary education every year who are heading to other countries which are offering better opportunities. This has made more EU countries wake up to the necessity of attracting enterprising entrepreneurs to start businesses within the continent.
This is the right time for Europe to attract startups as there is massive talent available. For instance, in India, there are 2.75 million software programmers as of now and their numbers are projected to grow to about 5.2 million by 2018. This can be tapped by the Europeans.
What Europe needs is a good combination of talent, capital, market, an appealing environment, among others. This is where startup visas applicable across the EU are the answer, says Koschwitz.
Indian entrepreneurs, particularly in the field of IT and software, are now one of the most sought after properties in the EU. Those of you who fit the above description can avail the services of Y-Axis, which will assist and advise you on how to put your best foot forward while looking to set up a shop in the EU.