European fund to support startups innovation

The European Tech Champions Initiative (ETCI), a new fund to support growing leading technology startups, has been formalised by the European Union.

Channeling much-needed capital from innovative late-stage growth to promising Europeans, the fund will include Spain (1,000 million €), Germany(1,000 million €), France(1,000 million €), Italy (150 million €) and Belgium (100 million €), along with the European Investment Bank (EIB) Group. New countries will join this initiative.

Source: European Investment Fund