The European Commission on Monday announced that a new startup investment programme will be supported with €2 billion in funding, according, Research, Science and Innovation Commissioner, Carlos Moedas, who also pointed out that this is the first time the EU executive has taken direct steps to directly invest in the private sector.

The pilot project which started on 18 March, means that the European Commission can "enter the capital of companies, buy shares of the company and become a shareho...

This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now