Industry & Business

How to Make European Tech Companies Thrive

 Breaking News
  • Finch Capital to Step Up Investment Activity in Irish Fintech Market Finch Capital, a leading early stage venture capital firm with offices in Amsterdam, London and Singapore, has announced that it now has an active presence in the Irish market and is dedicating up to €20 million to Irish start-ups in the fintech sector, following a €10 million investment from Enterprise Ireland. In 2018, Finch Capital closed [...]...
  • ESB and Coillte in Discussions to Deliver Renewable Energy Projects ESB is engaged in bilateral discussions with Coillte which, if successful, would lead to the establishment of a new joint venture development company to deliver 1,000 MW of renewable energy by 2030. It is proposed that a new joint venture will build on a successful track record of the two companies working together at Raheenleagh [...]...
  • Grocery Market Fends Off January Blues The Irish grocery market followed up a record-breaking festive period by posting year-on-year sales growth of 3.4% during the 12 weeks to 27 January. Despite shoppers tightening the purse strings, the latest figures from Kantar Worldpanel show a strong start to 2019 as New Year’s resolutions shaped shopping baskets. Douglas Faughnan, consumer insight director at Kantar [...]...
  • McAleer & Rushe Commences Construction on London Development Northern Ireland-based developer and contractor McAleer & Rushe has announced that construction is to commence on a new 620 room hotel and hybrid aparthotel development in Paddington, London with a contract value worth c.£82 million. Led by developer Concierge 3, a consortium of BSW Land & Property, Staycity and The Pickstock Group, the scheme is the final stage of the [...]...
  • Launch of 182,500 sq ft Seamark Building Marks Completion of Dublin 4 Redevelopment Project Chartered Land has announced that the major €45 million transformation of the eight storey 182,500 sq ft Seamark Building at the Elmpark Green campus in Dublin 4 is now complete. The completion of the Seamark Building, prominently located at the front of the campus with panoramic views over Dublin Bay, brings an end to the [...]...

How to Make European Tech Companies Thrive

How to Make European Tech Companies Thrive
April 04
12:36 2018

An EU-wide database that pulls together all available information on financing for European tech companies; that is one of the recommendations of a new report prepared by the joint European Commission–European Investment Bank (EIB) InnovFin Advisory. It is also suggested to create a tool that helps investors to better understand the technical and economic viability of highly innovative technology ventures. Both tools can help to support European deep tech start-ups and smaller companies in obtaining financing when they need it most.

The new report, ‘Financing the Deep Tech Revolution: How investors assess risks in Key Enabling Technologies (KETs)’, is supported under the EU’s research and innovation programme Horizon 2020. It aims to ensure that European deep tech start-ups and smaller companies can access the financing they need to grow and compete in the world market, so that citizens can benefit from faster deployment of advanced technologies.

The European Union defines “Deep Tech” as key enabling technologies. They are instrumental in strengthening the pace of innovation and addressing global challenges, such as climate change and demographic changes. The EU definition comprises six technologies: micro- and nanoelectronics, nanotechnology, industrial biotechnology, advanced materials, photonics, and advanced manufacturing systems.

”Today we see a new generation of start-ups that not only develops services and business models, but which pushes the technological frontier,” said Ambroise Fayolle, EIB Vice President responsible for innovation, science and digital. “Key enabling technologies as identified by the EU are at the heart of the next industrial revolution. They will help us to face the social and environmental challenges of our time. We need to bring science closer to finance and finance closer to science, the EIB stands ready to help to bridge this divide.”

Currently, investors often find it difficult to engage in deep-tech projects, which are research-intensive, interdisciplinary, long-term oriented and disruptive. They require high upfront and patient, long-term financing, while not always having clear commercial applications from the start. Due to the increasing complexity of deep technologies, there is a sizeable ‘knowledge gap’ between innovators and investors.

On the other side of the divide, deep tech innovators still struggle to obtain the necessary financial backing, although many public initiatives to support new technologies and innovative companies are available. This is due to lack of information, complicated and lengthy application procedures or confusing eligibility criteria.

Find the full report here: http://www.eib.org/infocentre/publications/all/financing-the-deep-tech-revolution?media=rss&language=EN

About Author

admin

admin

Related Articles

New Subscriber

Subscribe Here



Advertisements




















National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4