- Building on the success of the European Tech Champions Initiative, the EIB Group, fifteen institutional investors and seven EU Member States join forces to close financing gap for Europe’s innovators
- First investment decisions are expected within weeks
- In parallel, the European Commission is committing €100 million to the EIB Group’s Defence Equity Facility, boosting investment in defence, space and cybersecurity
The European Investment Bank (EIB) Group is bringing public and private capital together to turn Europe’s technological strength into global leadership, with major institutional investors joining EU Member States to channel over €10 billion in new equity investments into European scale-ups.
The milestone, announced in the margins of the Eurogroup and ECOFIN meetings of finance ministers in Brussels, builds on the European Tech Champions Initiative, launched in 2023 by the EIB Group and six EU Member States. With the backing of EU governments and a growing number of institutional investors the new public-private alliance aims to mobilise up to €80 billion in total investments, with average investment tickets of €200 million to help European tech companies scale up globally.
The French Tibi Initiative, as well as ABN AMRO, Algemene Pensioen Groep (APG), Armònia SGR S.p.A., Azimut Holding, Banco Santander, BBVA, Compagnia di San Paolo, Danske Bank Group, Green Arrow Capital, Grupo Mutua Madrileña, Marsh, Mn Services N.V., PGGM and Uniqa Insurance Group have declared the intention to channel a combined total of more than €8 billion into Europe’s innovation and scale-up ecosystem, with additional investors expected to join the alliance soon.
Seven Member States – Bulgaria, Germany, Greece, Italy, Luxembourg, the Netherlands and Spain – are teaming up with the EIB Group for the first closing of the Tech Champions fund-of-funds, with around €2 billion in commitments, paving the way for the first investment approvals in the coming weeks.
“Europe has world-class talent, innovative companies and technological leadership. The European Tech Champions alliance is a catalyst to mobilise capital at scale to turn Europe’s most promising companies into global leaders,” said EIB Group President Nadia Calviño.