Venture capital markets are growing very fast across the globe. In the EU, the value of venture capital deals more than doubled in the last three years. EU venture capital investment, however, is still far from the levels observed in the United States and Asian countries. Specifically, Europe features a substantially lower number of deep tech scale-ups, and scale-up financing lags behind that for start-ups.
As confirmed by the “New European Innovation Agenda”, published last July, bridging the scale-up gap and supporting deep-tech innovation is essential to foster the EU global competitiveness, complete the green and digital transitions and ensure growth and well-being in Europe. In the same vein, the “Digital Compass” and the upcoming Policy Programme “Path to the Digital Decade” set the very ambitious target to doubling the number of unicorns in Europe by 2030 by nurturing the pipeline of innovative scale ups and improving their access to finance. In this context, EU and national institutions are making an unprecedented effort to boost the EU venture capital market, bridge the financing gap experienced by EU start-ups and create more favourable conditions for them to scale up.
Are current initiatives likely to sufficiently promote European unicorns? Will the EU match the performance of the US and Asian venture capital markets? What additional measures would be needed for Europe to become a global leader in deep-tech innovation?
This event will be followed by a networking cocktail between 17:10 and 18:00
Registration for this event will be ending on November 29th 10:00 AM