EQT Wins Mandate to Manage EU’s €5 Billion Deep Tech Fund
Updated
Updated · Bloomberg · May 18
EQT Wins Mandate to Manage EU’s €5 Billion Deep Tech Fund
2 articles · Updated · Bloomberg · May 18
EQT AB has been चुosen as external manager of the EU’s new €5 billion Scaleup Europe Fund, according to people familiar with the decision.
The fund is designed to back quantum computing, artificial intelligence and other deep-tech companies, giving the bloc a new vehicle to scale strategic technologies.
The mandate hands the Swedish investment firm a central role in deploying one of the EU’s largest targeted tech-investment pools as Europe pushes to strengthen its competitiveness in advanced industries.
The selection has not been made public, the people said, indicating the fund’s launch process is still unfolding.
Beyond capital, how will the new fund solve Europe's deep tech commercialization and talent retention problem?
With 80% of its tech exits going to US buyers, can a €5B fund truly reverse Europe's tide?