An official entity: European Innovation Council Equity Fund for high-impact innovation

This is the first time the European Commission will make such direct equity investments in companies, with ownership stakes expected to be in general from 10% to 25% in start-up companies. The European Investment Bank, as advisors of the EIC Fund on behalf of the European Commission, will manage the ownership stakes of the European Commission.

The EIC Fund fills the funding gap at the start-up stage where the EU venture capital market underperforms compared to the global venture capital market.

Mariya Gabriel, Commissioner for Innovation, Research, Culture, Education and Youth said:

“The EIC Fund – the first of its kind – will help our most innovative start-ups and SMEs rapidly bring their innovative products to European and global markets, while growing their companies and talent within the EU. Currently so much economic growth and jobs potential is lost because with these companies are seen as too high-risk for the private venture capital market.”

Continue reading here

source