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475 EU launches €3.75 billion fund of funds to help tech startups scale up

The Next Web
Ioanna Lykiardopoulou @ The Next Web 1 place · 02/15/2023 10:47 EDT

EU launches €3.75 billion fund of funds to help tech startups scale up

Five EU member states and the European Investment Bank (EIB) Group have launched a new fund to support the late-stage growth of promising European tech startups and increase the continent’s competitiveness in innovation. The so-called European Tech Champions Initiative (ETCI) aims to address the issue with inadequate late-stage funding, especially for companies seeking more than €50 million in capital. Boosting European investment “Europe’s tech startups often do not have sufficient capital to compete on a.

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