The European Commission and the European Investment Fund (EIF) launch a Pan-European Venture Capital Funds-of-Funds programmeApril 10, 2018
Hat: The European Commission and the European Investment Fund (EIF) launch a Pan-European Venture Capital Funds-of-Funds programme
Funding Scheme: 2018-04-10
Pgm2014 2020: Yes
The Commission and the EIF announce six participating funds to receive EU support in their mission to invest in the European venture capital market. These funds aim to raise up to €2.1 billion of public and private investment.
VentureEU is part of the wider ecosystem that the EU is putting in place to give Europe’s many innovative entrepreneurs every opportunity to become world leading companies. In turn it 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. Around 1,500 start-ups and scale-ups are expected to gain access across the whole EU.
It is vital for Europe to remain an industrial leader and an economic powerhouse and
VentureEU is a key element of the Open Innovation. This EU investment 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. More investments will be attracted and the availability of funding for starts-ups and scale-ups in the EU will significantly increase.
Url description: Press room - European Commission