According to the European Investment Bank (EIB), Europe must find ways to mobilize more private capital for innovative companies. EIB Vice-President Nicola Beer told the “Rheinische Post” that strengthening Germany’s competitiveness requires turning promising research results into large, successful businesses, a goal that cannot be achieved through state funding alone.
She emphasized that Europe can no longer simply supply the ideas that others successfully commercialize. Beer noted that since Europe possesses outstanding research and highly innovative companies, it is vital that European investors gain a stronger stake in their economic success.
She stressed that whoever finances future key technologies gains significant economic influence. Consequently, Beer argued, the source of growth capital for these companies has moved beyond a purely financial policy matter. She cautioned that Europe must be capable of independently developing its technological strengths, otherwise, it risks becoming dependent on other nations for critical technologies.
This discussion comes as the EIB announced a new investment alliance for European technology companies this Monday, aiming to channel over ten billion euros into the continent’s tech sector.
