26 startup associations: Get institutional investors more involved in VCs!
12 dec. 2024
12:50
Europe needs to get institutional investors more involved in VCs in order to address a critical gap in venture capital funding that is stifling the current startup ecosystem. That is the message from a group of startup associations who are urging the new European Commission to create a VC initiative to make sure companies aren’t dependent on American investors.
A group of European startup associations have written an open letter to the newly appointed European Commission outlining the steps that are needed to get more money flowing into venture capital funds and make sure that European innovations don’t end up benefitting foreign investors.
In the letter to Commission President Ursula von der Leyen and other key policymakers, they say the current funding chain is "deficient" and that European VCs must become better equipped to fund large scale-ups.