"We will make it easier for venture capital to flow to businesses; this will be done by the Savings and Investments Union. We will explore new possibilities for cross-border telework for start-ups and scale-ups. Today, we also adopted a Recommendation to harmonise the definition of innovative start-ups and scale-ups across Europe, so that we can design better policies to help our businesses, to grow and to thrive in Europe.
This is our overall objective. One Europe. One Market."
Find Commission President's full statement here.