EU launches venture capital mega-fund to attract heavy-hitting investors

Six venture capital funds will share the task of raising €2.1 billion of private investment for European companies.

Heavy-hitting institutional investors will soon have their chance to back European technology innovation, according to fund managers involved in Europe’s new €410 million venture capital fund of funds. VentureEU is the pan-European venture capital (VC) fund of funds programme which debuted on 10 April. Six VC funds are set to share in EU seed funding … Read more

‘Evolution, not revolution’ will guide next EU research funding programme – Jean-Eric Paquet

Jean-Eric Paquet says the the need for science to live up to societal challenges is greater than ever.

The structure of the EU’s next research funding programme is based on the mantra of ‘evolution, not revolution’ and so will not contain any major surprises, according to Jean-Eric Paquet, the EU’s recently appointed director-general for research and innovation, who takes up his new role on 3 April. You previously worked in the team of … Read more

Open access to scientific publications must become a reality by 2020 – Robert-Jan Smits

Imagine if all the billions we are now putting into these expensive subscription journals could be put into research, says Robert-Jan Smits.

A lot of lip service is being paid to making scientific papers free to access but when it comes to action there is a lot of hypocrisy, according to Robert-Jan Smits, the EU’s outgoing director-general for research, science and innovation. He has recently been appointed the EU’s special envoy on open access, tasked with helping … Read more

Missions could make Europe cool again – Prof. Mariana Mazzucato

Major missions such as putting a man on the moon generate a lot of spillover innovations along the way.

Missions modelled on the 1960s ‘moonshot’ programme to put a man on the moon by the end of the decade could help make Europe a cool place to do business and unite the public behind European science and innovation, according to Professor Mariana Mazzucato, founder and director of the Institute for Innovation and Public Purpose at University College … Read more