The EC met with senior venture capitalists at a closed door conference hosted by the European Private Equity & Venture Capital Association. They discussed how the public and private sector could join together to meet this goal.
The European Commission outlined its priorities today for 2020, including the intent to make “efficient European venture capitals market a reality” and explore “incentives for private sector funds that make financing available for start-up companies, and for innovative SMEs.” This is part of a wider call for an “Innovation Union” to solve the challenges facing Europeans like climate change, energy supply and demographic change.
The previous day representatives from the Commission met with senior venture capitalists at a closed door conference hosted by The European Private Equity & Venture Capital Association (“EVCA”) to discuss how the public and the private sector could join together to meet this goal.
As part of the event, EVCA launched a white paper which:
· Outlines current barriers to European Venture Capital such as the current definition of SMEs, fragmented stock markets, cost and time to obtain patents, fiscal risk regulation and lack of access to public procurement in R&D for SMEs
· Identifies a long-term, structural funding gap for European Ventures, currently causing a lack of capital for later stage investment in innovative SMEs.
· Puts forward a cutting-edge, controversial, proposal to further the debate on how the public sector can incentivise private sector capital to be deployed into innovation.
© EVCA - The European Private Equity & Venture Capital Association
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article