On 13 February 2023, the EIB Group (European Investment Bank, European Investment Fund) and five EU Member States launched the European Tech Champions Initiative (ETCI), a Fund of Funds that will channel much-needed late-stage growth capital to promising European innovators. The signature ceremony for the launch of the initiative was held on the sidelines of the Eurogroup meeting in Brussels. The fund, which will be managed by the EIF, is expected to grow and attract fresh commitments in the future.
The InvestEU programme is a key pillar of the European Union’s largest ever stimulus package to recover from the COVID-19 pandemic and to help build green, digital and fair European economy. It can also support the European economy in addressing new challenges arising from major uncertainties linked to the global and security outlook.