EU plans new fund to help tech companies scale

EU plans new fund to help tech companies scale

The European Commission plans to use EU funds to buy stakes in artificial intelligence and quantum companies seeking to scale as it continues a bid to counter U.S. dominance. According to a draft strategy seen by POLITICO, the EU will create a new Scaleup Europe Fund next year that is privately managed and co-financed by private investors. The plan, set to be published Wednesday, comes amid increasingly vocal concerns about technological depende…

Mediafax The European Commission is preparing to launch a new investment instrument, Scaleup Europe Fund, designed to help high-potential European technology companies develop and reduce the EU's dependence on US and other major technological powers. According to a preliminary policy strategy, the Fund will be launched in 2025, co-financed by private investors and managed independently. Its aim is to cover the significant lack of funding from wh…