EU Commissioner Ursula von der Leyen addressed the fifth European Innovation Council Summit with a video message, announcing new measures to support European tech firms. She highlighted the European Innovation Council (EIC) Fund, which has already mobilised more than €5 billion for over 350 start‑ups, and noted that three EIC‑backed companies became unicorns last year. To reduce barriers, the Commission has proposed EU Inc., a single‑market framework that would let entrepreneurs create a European company online within 48 hours for less than €100. Additionally, the Commission unveiled the European Scale‑up Fund, the largest growth‑stage equity fund in Europe, with an initial target of €5 billion and the potential to expand. The fund will invest in strategic sectors such as AI, quantum technology, clean energy and space, aiming to keep jobs and innovation in the EU.
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