Delaware and Galileo


One of the characteristics that define the public communication of European institutions is the repetitive form in which they incorporate certain words or expressions into the discourses, documents and conversations of the continent’s public and private actors. See, for example, terms like “competitiveness”, “strategic autonomy” or “equal conditionsSometimes there is a point of meaninglessness and inaction. In my opinion, this judges the path of building an ambitious European narrative and identity.

Since the beginning of the current European cycle, a new term has entered the scene: Régimen 28. The European Commission’s initiative to create a unique, optional and harmonized legal framework at EU level for innovative companies, especially startups and scaleupsIn addition to accessing twenty different national systems, only one set of rules can operate in the single market.

The regulation of this new pan-European corporate brand is not balanced and it seems that it will not be a “mantra” term as previously indicated until an ambitious legislative process follows in the next few months. This hit, if achieved, would result in a nasty vapor reduce regulatory fragmentation, increase access to capital and talent for some companies and in practice essential progress of the single market (another mantra).

Whether the President of the European Commission will introduce herself recently in Davos or in the State of the Union address next month, the positioning of this regime as a strategic economic policy is a success, especially for the previously mentioned group of emerging companies. Just imagine it The Spanish scaleup may have a continental location of origin It is a different point of access to turnaround and global competitiveness. Let’s think about the example of Delaware in the United States and how many European companies choose to incorporate there when they specify legal certainty, access to capital and global growth.

All the above parts of a positive diagnosis as I believe it should be. no embargo, Régimen 28 faces a demanding negotiation process in 2026 in which it must neutralize nationalistic incentives and a plan that is regulated by a directive and not by a directly applicable regulation. No time for hay.

companies, Spain and the EU are at a crossroads in configuring their technological and industrial future. Currently, the outcome of many next-generation companies is conditioned by the need for a coherent regulatory and inversion ecosystem; so on this day they get to decide where to spawn, where to climb and how low to compete. The value of this new type of economic entities lies in the fact that they are not just a source of innovation: they represent a strategic platform for economic leadership and therefore the defense of the social model and prosperity.

As the Spanish Ministry of the Economy is well aware in terms of the design of its policies, last year it will accelerate the use of the European Competitiveness Laboratory to promote mutual recognition policies between my Member States and recently announced el Fondo Soberano España Crece with more than ten million euros.

Asymism, the Régimen 28 concept we must serve they illustrate the real value of unifying a European business, political and regulatory vision. ATIn a good way, it chronicles the conception of two great integrated technological and business achievements, such as the creation of Airbus and Galileo. At the end of the last few years, Airbus was born as a European political-industrial project with the aim of creating a technological field capable of competing with the United States through interstate cooperation, initial public financing and subsequent corporate integration.

on the other hand In 2000, Europe launched its own global positioning system, Galileoopen and compatible with standard GPS, but with greater accuracy. This initiative encouraged the United States to remove restrictions on GPS and also offer maximum accuracy. Now both systems work in a complementary way on a global scale.

Competitiveness (another mantra) y the geopolitical importance of Europe in the coming decades it will depend on its ability to reduce national incentives in favor of a genuine focus at the continental level to support companies driven by emerging technologies. Here’s to copying the Delaware model the European way: a strategic way to achieve independence through the biggest practical single market progress in decades.

***Miguel Ferrer“Senior Advisor” to Adigital and EsTech.

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