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Startup

70 Billion More for European Start-Ups

The European Investment Bank (EIB) is putting major additional money into the continent’s young tech companies.

The new fund is called TechEU and will be employed between now and 2027. The EIB hopes it will mobilize a further EUR 180 in private investment, bringing the total injection of financing to a quarter of a trillion euros.

The money is targeted at areas including cleantech, AI, health, security and defense technology, digital infrastructure and strategic raw materials. 

“The program is designed to ensure that ideas, technologies and companies that are born in the EU also grow and prosper in Europe,” said the EIB in a statement.

Some USD 16 billion was invested in European start-ups in 2024 compared to ESD 70.5 in fledgling American companies.

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