Early 2003, the European Commission published the Green Paper 'Entrepreneurship in Europe' on the promotion of entrepreneurship. Amongst others, think tanks and research institutions were invited to react. EIM's reaction is bundled in this report. The report comprises concrete policy recommendations on e.g. mediation between business angels and enterprises, tax credits granted to spin-off enterprises, one-stop shops for start-ups, counterbalancing the effects of bankruptcies, reduction of huge differences between entrepreneurs and employees as regards social security, simplification of business transfers and education-related initiatives.