Impact of Covid-19 in the European Start-ups Business and the Idea to Re-energise the Economy

Abstract

This paper has been constructed with the aim to evaluate the profound Impact of Covid-19 in the European start-ups business as well as to illustrate certain effective ideas in order to re-energise the economy. The sudden arrival of this deadly pandemic has impacted the overall world in many different ways and economy is one of them. Therefore, through the execution of secondary research, this study is going to assess the distinctive notions of economic downfall in the context of European countries and different industries of this continent. In the last decade start-ups have generated a lot of employment. Start-ups have found new markets and opportunities that have revolutionised the way business has been perceived. The titans of commerce and various industries have been left behind by smart innovation and sheer brilliance. So it is only natural that there should be more scrutiny on the impacts of the Corona pandemic on the start-up industry. The impact of the Covid-19 pandemic on the start-up industry should be carefully studied in order to make more informed policies. The aim of this paper is to study the impact of Covid-19 on the start-up industry of the European Union. This paper will also make an in depth study of the strategic remedies employed by various governments re energise the sector.