Commission joins forces with venture capital to support deep tech innovation in Europe
Today, the Commission will launch a Trusted Investors Network bringing together a group of investors ready to co-invest in innovative deep-tech companies in Europe together with the EU. The Union’s investment comes from the European Innovation Council (EIC) Fund, which is part of the EU research and innovation programme Horizon Europe.
The first group comprises 71 investors from across Europe, including venture capital funds, public investment banks, foundations and corporate venture funds. These investors collectively represent over €90 billion of assets, which positions the network as a key initiative to mobilise capital for Europe’s deep tech sector.
Iliana Ivanova, Commissioner for Innovation, Research, Culture, Education and Youth said:“With the launch of the Trusted Investors Network, we are making an important step forward in strengthening Europe’s innovation ecosystem and ensuring that our most promising companies have the capital and support they need to scale up. By joining forces with venture capital, we are responding to the urgent challenges laid out in the Draghi report that call for bold action to ensure Europe’s competitiveness in critical technologies.”
