A new network will give deep tech investors an inside track on companies that have won European Innovation Council backing
Group picture with research commissioner Iliana Ivanova (fourth from the left) during the ceremony of the inauguration of EIC Scaling Summit on October 21, 2024, in Greece. Photo credits: Yorgos Karahalis / European Union
The European Innovation Council (EIC) Trusted Investors Network, launched in October, is giving the 71 venture capital funds which have signed up a significant inside track on the EIC’s pipeline of start-ups. In return, the investors have committed to do their best to put money into at least two EIC portfolio companies by 2030, and to encourage the companies they invest in to remain essentially European.
For the European Commission, the network is about strengthening Europe's innovation ecosystem and ensuring the most promising companies have the capital and support needed 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…
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