VentureEU is coming: according to the European Commission, which is launching the program together with the European Investment Fund, access to venture capital plays an important role in innovation. According to the EU Commission , the market in Europe is underdeveloped: While venture capitalists invested around 6.5 billion euros in the EU in 2016, the figure was 39.4 billion euros for the USA. It is estimated that around 1,500 young companies stand to benefit from the new program. It will mainly benefit small and medium-sized as well as mid-cap companies from the fields of information and communication technologies, digital systems, life sciences, medical technology, and resource and energy efficiency.
The EU already announced back in March 2018 that it would contribute 50 million euros to the German venture capital investment fund coparion . This increases its volume to a total of 275 million euros. Shareholders of coparion include the Federal Ministry of Economics and the KfW banking group. The fund is aimed at helping young technology companies grow quickly and sustainably.