The European Investment Bank (EIB) is launching a new initiative to close Europe’s investment gap with the United States, aiming to provide €70 billion in startup funding by 2027. This will encourage private investors to get on board with projects, unlocking as much as €250 billion in investment for the European tech sector.

“This is the largest ever programme to exclusively support European innovation and technological leadership,” EIB Group President Nadia Calviño told Handelsblatt. The goal, she explained, is to finance research projects and companies “from idea to IPO.”

https://www.eib.org/en/press/news/president-calvino-tech-firms-innovators-handelsblatt