EU Launches Trusted Investor Network To Boost Tech Investments

According to PANews, European Union Commissioner Iliana Ivanova announced the launch of the 'Trusted Investor Network' during a meeting with Greek Prime Minister Kyriakos Mitsotakis. The initiative aims to support startups and enhance investment in the technology sector across the EU. The 'Trusted Investor Network' focuses on attracting venture capital, particularly in the fields of biotechnology and semiconductor development for artificial intelligence. The EU has gathered 71 investors from across the continent, signing an asset initiative valued at over €90 billion ($98 billion), committing to invest in Europe's deep tech companies.