A European tech scale-up fund which aims to champion new firms globally and targets €5bn in investment was officially launched at Davos 2026 today.
The fund is being launched by the European Innovation Council, under the Horizon Europe programme.
Ekaterina Zaharieva, European Commissioner for Startups, Research and Innovation, said the 10-year fund, eight months in the planning, has 10 founding investors and launches with €2.5bn of backing. A fund manager is due to be appointed by February.
“I believe the fierce competition is not about the money, and about how big you are: it’s about how many talented people you can attract,” she said. “The fund is designed to be much broader than the companies we will invest in, and also motivate and create ecosystems to motivate institutional investors and others.”
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