The EUREKAVenture Forum, took place in Istanbul on October 18-19, 2012, and was hosted under the auspices of the Turkish EUREKA Chairmanship. The event showcased some of the most promising European high-tech entrepreneurs to an audience of top-tier international venture capital, corporate investors and strategic partners.
Out of the 34 companies pitching investors and venture capitalists, one EUREKA and one Eurostars project participant were the lucky winners of the event. Along with nine other companies they have been selected for the yearly European Venture Summit which will take placeon 6-7 December 2012 in Berlin.
"THE EVENT SHOWCASED SOME OF THE MOST PROMISING EUROPEAN HIGH-TECH ENTREPRENEURS TO AN AUDIENCE OF TOP-TIER INTERNATIONAL VENTURE CAPITAL."
Those two companies are Lastinski, a Slovenian company in the telecommunications sector involved in the EUREKA Vendotel project, and Infodif, a Turkish start-up specialising in real-time image processing and currently participating in the Eurostars RETINA project.
The EUREKA Venture Forum is part of a broader strategy developed by EUREKA to address the innovation financing gap: after the earliest stages of product development are completed a start-up will need more funds to take its new technology onto the market. For European SMEs, the innovation financing gap is the final obstacle to cross before profitability.