In Innovation

The European Commission and the European Investment Fund (EIF) have launched a Pan-European Venture Capital Funds-of-Funds programme (VentureEU) to boost investment in innovative start-up and scale-up companies across Europe.

Venture capital (VC) is vital to a well-functioning Capital Markets Union, but remains underdeveloped in Europe. In 2016, venture capitalists invested about €6.5 billion in the EU compared to €39.4 billion in the US.

Moreover, VC funds in Europe are too small – €56 million on average compared to €156 million in the US. As a result, these companies move to ecosystems where they have better chances to grow fast.

the Commission and the EIF announced six participating funds to receive EU support in their mission to invest in the European venture capital market. Backed by EU funding to the tune of €410 million, the funds are aiming to raise up to €2.1 billion of public and private investment. In turn this is expected to trigger an estimated €6.5 billion of new investment in innovative start-up and scale-up companies across Europe, doubling the amount of venture capital currently available in Europe.

The six funds will take stakes in a number of smaller investee funds and cover projects in at least four European countries each. These investee funds will help finance small and medium-sized enterprises (SMEs) and mid-caps from a range of sectors such as information and communication technologies (ICT), digital, life sciences, medical technologies, and resource and energy efficiency.

The EU investment in VentureEU will be managed by the EIF under the supervision of the Commission and rolled out via six professional and experienced fund managers ensuring a fully market-driven approach. This will attract more investments and significantly increase the availability of VC funding for start-ups and scale-ups in the EU.

 

Source

News in the Category View all news

Launch of the Innovation Radar platform & pilot cooperation with Enterprise Europe Brussels c/o hub.brussels

In April 2018 the European Commission launched the Innovation Radar platform. Today, Enterprise Europe Brussels c/o hub.brussels is proud to announce that it has been selected by the EC to participate in a pilot action aimed at offering the Network's support to these innovators.

Circulaire economie: de oproepen tot voostellen 2019 van Horizon 2020

Bent u een KMO actief in de circulaire economie en denkt u aan Europese financiering? Horizon 2020 biedt kansen voor individuele KMO’s die baanbrekende innovaties hebben ontwikkeld of voor samenwerkingsprojecten met andere partners (die niet noodzakelijkerwijs KMO’s zijn).

The collaborative economy: not just Uber and AirBnB

Because of its associated link with these two big brands, the collaborative economy is quite controversial but also often misleadingly understood. Initiatives currently under development in Brussels show that this economy can also have a positive societal impact. The European project EU-GIVE – of which Enterprise Europe Brussels c/o hub.brussels is a partner – precisely […]

Related News View all news

Launch of the Innovation Radar platform & pilot cooperation with Enterprise Europe Brussels c/o hub.brussels

In April 2018 the European Commission launched the Innovation Radar platform. Today, Enterprise Europe Brussels c/o hub.brussels is proud to announce that it has been selected by the EC to participate in a pilot action aimed at offering the Network's support to these innovators.

The collaborative economy: not just Uber and AirBnB

Because of its associated link with these two big brands, the collaborative economy is quite controversial but also often misleadingly understood. Initiatives currently under development in Brussels show that this economy can also have a positive societal impact. The European project EU-GIVE – of which Enterprise Europe Brussels c/o hub.brussels is a partner – precisely […]

EU Funding Opportunities for Women – SME Instrument

Female creativity and entrepreneurial potential are an under-exploited source of economic growth and jobs.

Start typing and press Enter to search