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European Innovation Council
  • News article
  • 21 October 2024
  • European Innovation Council and SMEs Executive Agency
  • 1 min read

Commission joins forces with venture capital to support deep tech innovation in Europe

Today, the Commission launched a Trusted Investors Network bringing together a group of investors ready to co-invest in innovative deep-tech companies in Europe together with the EU. The Union's investment comes from the European Innovation Council (EIC) Fund, which is part of the EU research and innovation programme Horizon Europe.

The first group comprises 71 investors from across Europe, including venture capital funds, public investment banks, foundations and corporate venture funds. These investors collectively represent over €90 billion of assets, which positions the network as a key initiative to mobilise capital for Europe's deep tech sector.

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Publication date
21 October 2024
Author
European Innovation Council and SMEs Executive Agency