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The EIB Group has provided an additional 500 million.
The funding capacity is expected to increase further in the future.
The ETCI wont subsidise startups directly, but will instead work as a fund of funds.
Theres real value in supporting home-grown talent, Jeffery-Morisson added.
And this will also allow a distinctly European tech ecosystem with its own unique culture to develop.
Startups need to operate at speed the main advantage of being in innovation is to be first!
Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
