Council of The European Union – Conclusions on Creating an innovative Europe

Conclusions on Creating an innovative Europe from the 3016th COMPETITIVENESS Council meeting
Brussels, 26 May 2010

Abstract:

“Member States and the EU should encourage greater levels of venture capital in innovative companies at all stages, addressing in particular the market failures in innovative and creative start-ups, in order to leverage private investment; To this end, efforts should be devoted to create favourable conditions to foster a growing and robust European venture capital market, making possible the stable participation of private investors; In this context, the Commission is also invited to explore the need for improved cross-border venture capital investment acting especially in the early stages;

The Commission should assess the effectiveness of technology-oriented exchange regulated markets, such as the Alternative Investment Market (AIM), in stimulating innovation and entrepreneurship in the EU. This assessment should pay particular attention to: the role of such markets in providing an exit route for investments in venture capital and of business angels; the role they play in providing a source of capital funding for high growth companies; and whether such markets provide an adequate function across the EU.”

 Read the full EU council conclusions