Go back

EU launches growth fund to support ‘tech champions’

Image: European Council

European Investment Bank and member states commit €3.75 billion for ‘fund of funds’

The EU’s investment bank and five of its member states have launched a new venture capital fund of funds, with initial commitments totalling €3.75 billion, to help European “technology champions” grow.

Launched on 13 February, the European Tech Champions Initiative is designed to “help plug financing gaps and thus reinforce Europe’s strategic autonomy and competitiveness”, the European Investment Bank said.

This article is only available to Research Professional News subscribers. If you are a subscriber you can read the article in full on researchprofessional.com

Pivot-RP users can log in and view the article via this link.