The European Commissioner for Startups, Research and Innovation, Ekaterina Zaharieva, highlighted on Friday at the Forum Europa in Brussels that the EU will launch the “Scale Up Europe Fund”, a multi-million euro initiative aimed at investing in the most promising European companies in strategic sectors of “deep tech” or disruptive technologies. The aim is to create "world champions" in advanced technologies.
Zaharieva made this announcement at an informative meeting organised by New Economy Forum in the EU capital, where she explained that the new public-private fund will have €1 billion from the 'Horizon Europe' programme, while another €5 billion is expected to be raised from private investors.