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The proposals aim to help the 27-country bloc catch up with the United States, Japan and South Korea in cutting-edge technology, venture capital funding and innovative patents.
FREMONT, CA; According to an EU strategy document, the European Commission is preparing measures to entice 45 billion euros USD 47 billion in private capital for deep-tech businesses, those founded on significant scientific or engineering advancements. The publication, A New European Innovation Agenda, noted that a new Listings Act scheduled for later this year would lower the cost of stock market flotations for businesses.
The initiatives are intended to help the 27-nation bloc catch up with the United States, Japan, and South Korea in cutting-edge technology, venture capital funding, and innovative patents. The EU executive is anticipated to unveil the proposals at a press conference on innovation at 1330 GMT 1500 IST. By 2025, untapped private capital sources could provide about 45 billion euros in investment for scale-ups, lowering the cost of going public.
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According to the official announcement, companies will find it simpler under a Listings Act that will be introduced in the second half of the year as a component of the Commission's Capital Markets Union (CMU) Action Plan, which was unveiled in 2020 and less expensive to list on the market. The act might also suggest harmonising legislative frameworks governing dual-class share structures across the EU to provide founders more influence after listing, the document stated.
The Commission also suggested a gender and diversity innovation index. It said it would guide so-called regulatory sandboxes in the first half of the following year, which may feature laxer restrictions for innovative initiatives.
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