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

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. 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. This includes three different measures, starting with the extension of the European Tech Champions Initiative (ETCI). Launched in 2023,…

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