What’s harming startups? A Need for Data Privacy Legislation

The proposition: EU start ups are thriving and those in the US are suffering.

Why is there an advantage to EU start ups? Better data privacy legislation in the EU

So what can the US/states do?

• Stop thinking of it as data privacy compliance
• Start thinking about the issue as “harmonization of the customer relationship”
• Start thinking of start ups as “keys that can unlock the full power of the data they possess”

How should legislation be implemented?

• A regulatory framework covering data governance, access and reuse between businesses, between businesses and government, and within administrations to create incentives for data sharing.
• Make public-sector data more widely available by opening up “high-value datasets” to enable their reuse to foster innovation.
• Support for cloud infrastructure, platforms and systems to support the data reuse goals, with investments in trustworthy, energy-efficient cloud infrastructures.
• Sector-specific actions to build data spaces that focus on specific areas such as industrial manufacturing, energy, mobility or health.

Tech Crunch | Inadequate federal privacy regulations leave US startups lagging behind Europe