EU launches €5 bn fund to stop tech giants from fleeing to the US
Europe's problem is not a lack of innovation but an inability to scale companies, argue EU Commissioner Ekaterina Zachariewa and Novo Holdings CEO Kasim Kutay. A new €5 billion EU fund, described as the largest such instrument in history, aims to keep promising European startups from relocating to the US in search of capital. The goal is to create the conditions for homegrown tech giants to emerge and grow on the continent.
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