The EU has launched a "Trusted Investor Network" to support deep tech startups in areas such as blockchain with nearly $98 billion in funding

2024-10-22 09:47:36

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ChainCatcher news, the European Commission has launched a new initiative called the "Trusted Investors Network" to support the growth of the deep tech sector in Europe. This network is supported by the European Innovation Council (EIC) Fund and brings together a group of investors committed to co-investing in European innovative companies.

The network consists of 71 investors, including Bpifrance, Atomico, and Sofinnova, with assets exceeding €90 billion (approximately $98 billion), and will work closely with the EIC Fund to provide funding for deep tech startups, including those in the blockchain sector.

The EIC Fund has already invested nearly €1 billion (almost $1.1 billion) in over 250 startups, and the Trusted Investors Network aims to further drive these co-investments.

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