European Investment Bank crafts new funding plan to keep startups in the EU

Quick Summary:

A key pillar of the plan is to increase support for the EU’s venture capital and private equity markets to enable the scaling up of innovative startups and unicorns.

The European Investment Bank (EIB) is considering new measures to help close the funding gap for European startups and prevent them from relocating across the Atlantic.

During a meeting with EU finance ministers yesterday in Luxembourg, the EIB proposed its "Action Plan” that aims to boost Europe’s capital markets, investments, and competitiveness.

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Article Details

Author / Journalist: Ioanna Lykiardopoulou

Category: Technology

Markets: NetherlandsLuxembourg

Topics: Startups and technology Ecosystems Investors and funding

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-08 @ 14:29:10 (1 days ago)

News Timezone: GMT +1:00

News Source URL: thenextweb.com

Language: English

Article Length: 557 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Next Web

News ID: 22962364

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Main Topics: Technology

Official Website: thenextweb.com

Year Established: 2006

Headquarters: Netherlands

News Last Updated: 1 days ago

Coverage Areas: Netherlands

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