Venture Capital Key To Financing EU 2020 “Innovation Union”
The European Commission outlined its priortities today for 2020 including the intent to make “an efficient European venture capital market a reality” and explore “incentives for private sector funds that make financing available for start-up companies, and for innovative SMEs.” This is part of a wider call for an “Innovation Union” to solve the challenges facing Europeans like climate change, energy supply and demographic change.
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New investment fund backs space technologies finding uses on Earth
Technologies such as satellite TV for home entertainment, CAT Scans for medical imaging, and navigational systems have changed the world – all based on technologies developed for space though also successfully deployed on earth. The new Open Sky Technologies Fund will target these kinds of groundbreaking technologies to be commercialized in agile and fast-growing start-ups with selected best of breed management teams.
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NewNet – Private equity investment in clean energy sector surges in February
After a somewhat weak start to the new calendar year, the value of private equity investment in cleantech companies surged by 133 per cent in February to $547m from $235m in January 2010 and significantly improved year-on-year to stand more than three times higher than the $149m recorded in February 2009, according to a report from ZEPHYR and Bureau van Dijk, compiled exclusively for NewNet
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