Commission and EIB Group launch European Institutional Investors Pact to boost investment in European tech scale-ups
The European Commission and the European Investment Bank (EIB) Group launched today the European Institutional Investors Pact (EIIP) at the TechEU Equity Summit.
The Pact is a new voluntary framework designed to channel more long-term institutional capital into Europe’s technology and scale-up ecosystem. 13 institutional investors have already expressed their intention to channel investments into Europe’s innovation and scale-up ecosystem, including through the €15 billion European Tech Champions Initiative (ETCI) 2.0 and the €5 billion Scaleup Europe Fund.
The EIIP has been developed jointly by the Commission and the EIB Group under the EU Startup and Scaleup Strategy.
It aims to make it easier for institutional investors to invest in European venture capital and growth equity funds, helping high-growth European companies access the capital they need to scale up, compete globally while remaining rooted in Europe.
The EIIP is part of the broader EU effort to unlock more institutional capital, from investors such as banks, pension funds and insurance companies, for European technology and innovation, addressing one of the key funding challenges identified in Europe’s competitiveness agenda.
More information is available in the joint press release online.
