EIB Urges Europe to Mobilize Billions for Tech Giants to Bolster German Competitiveness

According to the European Investment Bank (EIB), Europe must mobilize more private capital for innovative companies.

EIB Vice-President Nicola Beer told the Rheinische Post that if they want to strengthen Germany's competitiveness, they must also turn good research results into large, successful companies. This is not achievable withState funds alone. Beer added that Europe must no longer just provide the ideas that others use to make big deals. We have excellent research and innovative companies. Now we must ensure that European investors also benefit more strongly from their economic success.

She emphasized that those who finance the key technologies of the future also gain economic influence. She noted that the question of where the growth capital for our companies comes from is no longer purely a fiscal policy matter. Europe must be able to further develop its technological strengths on its own. Otherwise, we run the risk of remaining dependent on others for crucial technologies.

The background is that the EIB announced a new investment alliance for European technology companies this Monday. The goal is for more than ten billion euros to flow into Europe's technology companies.