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Asharq Al-Awsat
Asharq Al-Awsat
Technology
Asharq Al-Awsat

EU Eyes $47 Bln in Private Capital to Fund Deep-Tech Start-Ups

Commission European Commission Stock Market
European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium June 17, 2022. (Reuters)

The European Commission is planning measures to attract 45 billion euros ($47 billion) in private funding for "deep-tech" start-ups, those based on significant scientific or engineering advances, an EU policy document seen by Reuters showed.

A new Listings Act planned for later this year will also cut the cost of stock market flotations for the firms, the document, A New European Innovation Agenda, added.

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