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Young innovators receive US inspiration, EU help

Euractiv - The European Commission is to set up a new Web Entrepreneurs Partnership as part of an offensive to catch up with the US on technology innovation, according to the EU's Commissioner for the Digital Agenda, Neelie Kroes.

The announcement came in a message delivered by Kroes’s adviser Constantijn van Oranje-Nassau at the ‘UNconvention’ staged by the European Young Innovators Forum (EYIF) in Brussels last week.

“Over in the US, start-ups create three million jobs per year – even during a recession,” she said in the relayed statement, calling for more recognition for entrepreneurs, better resources, and “the right rules”.

The European Web Entrepreneurs Partnership will be composed of private companies offering resources for online businesses such as free hosting and advertising and mentoring support.

The European Commission is currently putting together a core group of private partners to provide stimulus for a launch later this year.