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European Investment Bank to inject €70B in European tech
EIB plans €70B tech boost by 2027, accelerating venture capital processes and attracting global investors to Europe.
This initiative seeks to strengthen Europe's position in emerging technologies like artificial intelligence and military drones and to draw increased private investment, potentially unlocking €250 billion for the sector. EIB President Nadia Calviño emphasizes the bank's willingness to take more risks, notably speeding up the venture capital financing process, which could be pivotal for startups in a fast-moving market As the EIB awaits approval from the 27 EU finance ministers, this initiative underscores Europe's commitment to closing the innovation gap with the US and asserting its role as a global tech leader.
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