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Europe’s $5B Fund to Keep Tech Home | Tech News
Description
Europe just dropped a five-billion-euro bombshell: the Scaleup Europe Fund, designed to lock down top tech startups right here at home. Backed by private cash and run by Swedish giant EQT, this public-private powerhouse targets deep tech, life sciences, and digital champs — with Finnish satellite titan ICEYE already in the first round. The goal? Keep Europe’s brightest minds and biggest bets from fleeing overseas, while building global competitiveness and tech sovereignty. With major players like Allianz and APG already onboard and fundraising until 2027, this could be Europe’s big leap into scaling up — not just starting up.
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