EIB Group showcases progress of European Tech Champions Initiative boosting European scale-ups at event in Madrid

• Since its launch in 2023, the European Tech Champions Initiative has closed fund deals worth €2 billion and mobilising five times this amount, totalling €10 billion in public and private sector resources.
• Investments have been made in 16 technology scale-ups, two of which are Spanish.
• In Spain, the European Tech Champions Initiative has invested in a mega fund specialising in deep tech and climate, and an investment in a second mega fund is expected by 2025.
• As an ETCI participant country, Spain has announced an additional contribution of €300 million to the initiative by the Ministry of Digital Transformation that is soon to be approved by the Spanish cabinet.

https://www.eib.org/en/press/all/2024-430-el-grupo-bei-presenta-en-madrid-los-avances-de-la-european-tech-champions-initiative-para-impulsar-las-scale-ups-europeas