Group of independent experts issues a Report with recommendations to scale investments in our future
Purpose
Over the past three months, a Group of independent experts have worked together to collect and analyze relevant industry data in order to develop the findings, opportunities and recommendations that are set out in a report. Europe now has an extraordinary opportunity to significantly scale investment in Europe’s innovative companies. This is one of the pathways to boost economic growth and will also help build a more sovereign, sustainable and equitable future for European citizens.
This report should be viewed as a resource that could be used in the policy discussions concerning the next EU Multi-annual Financial Framework [MFF] and the Capital Markets Union (CMU) as well as the upcoming reports on the Single Market and the Competitiveness of Europe. The independent experts involved have acted strictly in a personal capacity. They are listed below and their biographies can be found in the report. The report proposes a set of recommendations for a range of institutions including the EC and national governments and their sovereign funds, pension funds, insurance companies and asset managers, corporations and corporate venturing arms, and financial services firms.
Outline
The size of the European technology sector has grown almost 50x over the past two decades. Building on this achievement, the Group recommends that by scaling the level of capital invested in funds managed by independent and specialized growth equity and venture capital managers, there is the potential to generate up to an additional € 1 trillion of investment opportunity in Europe’s technology companies over the next five years.
This presents an extraordinary opportunity for two reasons. Strategically, this investment would preserve and enhance Europe’s sovereignty as funding would be available to back essential solutions in the fields of computing, healthcare, biology, energy transition, climate change, space and defence, amongst others. Financially, this would generate returns for European taxpayers, savers, and pension plan holders, helping support our welfare systems and building a more sustainable economy and equitable society.
Group of independent experts
Here is the Group of experts with the links to their LinkedIn, in alphabetical order:
- Timo Bartell
- Hugues Bultot
- Guillaume Cravero
- Jan Dexel
- Janke Dittmer
- Stefano Firpo
- Rob Genieser
- Anne Glover
- Catherine Lewis La Torre
- James Mawson
- Massimo Portincaso
- Olivier Rousseaux
- Jean Schmitt
- Robert-Jan Smits
- Patrik Sobocki
- Philippe Tibi
- William Stevens [convener of the Group]
- Iva Tchetinova [support to the Group]