{"id":105062,"date":"2020-04-10T07:07:27","date_gmt":"2020-04-10T14:07:27","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2020\/04\/watch-out-silicon-valley-european-union-gets-into-the-venture-capital-game"},"modified":"2020-04-10T07:07:27","modified_gmt":"2020-04-10T14:07:27","slug":"watch-out-silicon-valley-european-union-gets-into-the-venture-capital-game","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2020\/04\/watch-out-silicon-valley-european-union-gets-into-the-venture-capital-game","title":{"rendered":"Watch out Silicon Valley: European Union gets into the venture capital game"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/watch-out-silicon-valley-european-union-gets-into-the-venture-capital-game2.jpg\"><\/a><\/p>\n<p>Frustrated by Europe\u2019s lack of home-grown tech giants, Commission officials hope EIC will help small tech firms grow in Europe, instead of being lured away to Silicon Valley. \u201cThe aim here is to close the big gap that exists between Europe and the United States,\u201d says Mark Ferguson, Ireland\u2019s chief scientist and EIC board chair. But one challenge will be backing risky but promising startups without becoming \u201cthe financiers of last resort for all the failing companies that aren\u2019t going to do very well,\u201d says Christopher Tucci, a professor of technology management at the Swiss Federal Institute of Technology, Lausanne, who advised the Commission while it drafted Horizon Europe.<\/p>\n<hr>\n<p>European Innovation Council buys shares in disruptive technology startups.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Frustrated by Europe\u2019s lack of home-grown tech giants, Commission officials hope EIC will help small tech firms grow in Europe, instead of being lured away to Silicon Valley. \u201cThe aim here is to close the big gap that exists between Europe and the United States,\u201d says Mark Ferguson, Ireland\u2019s chief scientist and EIC board chair. [\u2026]<\/p>\n","protected":false},"author":417,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45,1522],"tags":[],"class_list":["post-105062","post","type-post","status-publish","format-standard","hentry","category-finance","category-innovation"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/105062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/417"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=105062"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/105062\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=105062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=105062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=105062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}