Overview

• TechEU officially kicked off in Luxembourg on June 20 with approval from EU finance ministers.
• It will allocate €70 billion in direct funding to European start-ups and scale-ups by 2027 to discourage relocations abroad.
• By pairing EIB backing with private and public investors, the initiative is projected to channel €250 billion into Europe’s tech sector.
• Participating firms in clean tech, AI, cybersecurity, digital infrastructure and critical raw materials receive support from concept phase to IPO.
• EU regulators have proposed simplifying insolvency, labor and tax rules to lower legal barriers for emerging tech companies.