In a bid to increase the number of deep-tech startups in Europe, the European Union aims to attract 45 billion euros in private funding by reducing the cost of public market listing, flexibilization and harmonization of rules and regulations, and starting a talent initiative. “Increasing the proportion of European capital invested in innovative companies and startups is one of our main objectives. This can result in companies relocating their corporate headquarters to Europe,” says Mariya Gabriel, European Commissioner for Innovation, Research, Culture, Education and Youth.
In the Netherlands, too, steps have recently been taken to combat the lack of deep-tech funding. In May, the 100-million-euro DeeptechXL fund was launched, supported by ASML and Philips, among others. In March, the Dutch Ministry of Economic Affairs and Climate Change (EZK) and Invest-NL announced the Deep Tech Fund. This investment vehicle has 250 million euros at its disposal.