The regime also permits a sub-threshold AIFM to market a VCF on a passported basis throughout the EEA. Please note that the application period of the Pan-European Fund-of-Funds programme has been closed.Īs a result of the of the selection process the EIF has entered into an agreement with Isomer Capital, Axon Partners Group and Lombard Odier. Even with the detriment of the global pandemic, European startups still received 40 billion in funding in 2020, down only 4 from the decade-high of 41.8 billion in 2019. The aim of the EuVECA regime, which is complementary to the Alternative Investment Fund Managers Directive (AIFMD), is to make it easier for qualifying venture capital funds (VCFs) to be established in the EU. The EU also supports businesses with grants and. Every year the EU supports more than 200 000 businesses.
A wide range of financing is available: loans, microfinance and venture capital. Under the Pan-European VC FoF programme, the EIF was targeting to invest into private-sector led, market-driven Pan-European VC Fund(s)-of-funds, using resources of the Horizon 2020 InnovFin Equity facility, EFSI Equity Instrument, COSME Equity Facility for Growth and EIF’s own resources. Who is eligible for EU funding EU Funding is available for all types of companies of any size and sector.
The Programme was sponsored by the European Union (EU) and forms part of the Investment Plan for Europe, the Capital Markets Union Action Plan, Digital Single Market strategy, the Single Market Strategy and Open Innovation strand of Horizon 2020. The Pan-European Venture Capital Fund(s)-of-Funds programme (VentureEU) was designed to further address Europe’s equity gap, the fragmentation of the VC market and the need to attract additional private funding from institutional investors into the EU venture capital asset class. One of the fund’s key limited partners is British Business Investments, who made a 100M commitment to the fund in 2019 strategically aimed at addressing the technology funding gap in the UK.Top Tier Capital Partners has been investing in European venture capital since 2005, but this is the firm’s first dedicated fund focused on the region.
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