EIB proposes new instruments to ensure companies get the financing they need to scale up without moving to the US
EIB Group president Nadia Calviño before the Eurogroup meeting. Photo credits: Liam McEvoy / EIB
The European Investment Bank (EIB) has proposed new measures to support companies in scaling up, to ensure that technologies developed in Europe remain here.
At a meeting with Eurogroup finance ministers in Luxembourg last week, EIB president Nadia Calviño presented plans to scale up equity and venture debt investments, and to set up an exit fund to finance the acquisition and listing of tech start-ups.
EIB also wants to finance the scale-up of European unicorns valued at $1 billion or more, by expanding the European Tech Champions Initiative (ETCI), a €3.85 billion fund of funds launched in February 2023. This invests in large-scale venture capital funds…
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