A European Economic Interest Grouping (EEIG) offers members the opportunity to cooperate across borders in the European Union (EU) and pursue common interests without having to establish a new legal entity. With regard to current global challenges such as crises, climate change and progress in digitalization and AI, companies could enjoy various advantages through membership in an EEIG:
Bundled resources: In times of economic uncertainty, companies can pool their resources in an EEIG to support each other and minimize risks.
Climate change initiatives: Companies working in areas directly affected by climate change (e.g. agriculture, renewable energy) could benefit from cross-border collaboration to share best practices, Promote research and development and access greater funding opportunities.
Digital Transformation: Digitalization often requires significant investments and know-how. In an EEIG, companies can invest together in new technologies and share their skills in the area of digital transformation.
AI development: Artificial intelligence (AI) is
an area that requires interdisciplinary knowledge and extensive amounts of data. An EEIG can serve as a platform on which companies share data, expertise and resources to develop and implement joint AI projects.
Networking: In a globalized world, access to a broad network of partners and resources can be invaluable
Be worth it. An EEIG enables such network formation, especially in the EU.
Regulatory benefits: Collaboration at the European level can help companies better adapt to EU regulations, especially regarding environmental standards and digital policies.
Market access: Working together in an EEIG can help members more easily enter new markets in other EU countries, as they can benefit from the local expertise and resources of their partners.
Cost reduction: Joint investments in technology, research or infrastructure can lead to cost savings.
It is important to note that the success of an EEIG - as with any cooperation - depends on the quality of the collaboration, the clarity of the common goals and the efficiency of the
structures depends. But at a time when companies are facing complex global challenges, cross-border collaboration in an EEIG can be a valuable strategy.