As the EU looks to direct more private savings to innovation, there may be lessons in the French experience
French economist Philippe Tibi. Photo credits: Direction générale du Trésor
The economist behind a French initiative that mobilised €13 billion in private savings to fund technological innovation believes the same is possible at European level, if investors are given the confidence to take risks.
“Long-term investors must see risk as diversification, not danger,” Philippe Tibi told the European Angel Investment Summit in Brussels on October 28.
More start-ups are launched annually in Europe than in the US, but these companies often have to look overseas for the large investments they need to scale up. In 2023, funding rounds above €100 million generated €21 billion in Europe compared to €81 billion in the US, according to a recent study prepared for the European Commission.
…
Discover the latest in research funding every Tuesday with Funding Newswire. Dive into detailed articles with our monthly or yearly subscriptions or start with a free trial
NOTE: if you're a part of one of our Network member organisations, you get free access by signing up with your institutional email. Verify your eligibility here.
Receive the Funding Newswire [full access requires a subscription] each Tuesday, our Policy Bulletin each Thursday, and news about bridging Europe’s east-west innovation gap twice a month in The Widening. 
A unique international forum for public research organisations and companies to connect their external engagement with strategic interests around their R&D system.