It is a paradox that, despite basic scientific strengths, Europe performs poorly in capitalising on its discoveries. One of the reasons is that on this side of the Atlantic, there is often a huge gap between innovative SMEs and investors. Just at the time when they would need it most (i.e. after a successfully funded innovation project), companies lack capital, and investors are far off sight.
In January 2016, the EUREKA network launched a new programme to address this challenge: EUREKA InnoVest Programme (E!nnoVest). It aims to boost the investment awareness and readiness of EUREKA innovative SMEs, promote these companies towards the investment community and actively facilitate investment matching with experienced investors.
Specifically, E!nnoVest will:
- Increase EUREKA companies’ investment readiness through live webinars, regional venture academies and one2one mentoring held by seasoned business coaches.
- Provide EUREKA SMEs with investment readiness tools.
- Maximise companies’ exposure to active International Venture Capitalists and Business Angels in the ICT, Life Sciences and Clean Technologies sectors.
- Matchmaking companies with specialized investors and technology experts, especially at cross-border level.
E!nnoVest is organised by EUREKA in cooperation with EBAN, EBN and Europe Unlimited, and it is the second edition of the pilot programme Eureka High-tech Investment Programme (EUREKA HTIP), which took place in 2015.
EUREKA initiated E!nnoVest as a new EUREKA instrument in order to leverage one of EUREKA’s main assets – its incredibly rich reservoir of innovative companies. The programme is one of EUREKA’s priorities this year under the Swedish EUREKA Chairmanship, and serves as part of EUREKA’s efforts to develop new sources for funding innovation in Europe.
For additional information regarding E!nnoVest please visit the website: