The EU launches the Trusted Investor Network to support deep technology startups in areas such as blockchain with a fund of nearly $98 billion

The European Commission has launched a new initiative called the Trusted Investors Network to support the growth of Europe's deep tech sector. The network, backed by the European Innovation Council (EIC) fund, brings together a group of investors committed to co-investing in innovative European companies. The network, which consists of 71 investors (including Bpifrance, Atomico and Sofinnova) with assets of more than €90 billion (about $98 billion), will work closely with the EIC fund to fund deep tech startups, including in the blockchain sector. The EIC fund has already invested nearly €1 billion (nearly $1.1 billion) in more than 250 startups, and the Trusted Investors Network aims to further promote these co-investments. (Cryptonews)