EIB calls for more 'innovative' EU financing

The European Investment Bank (EIB) is calling for increased innovation financing in the European Union to strengthen its technological leadership. The report emphasizes the "urgent need" to eliminate investment barriers in order to direct funds to key areas of the EU market. The report mentions the importance of increasing investment in scaling up companies to maintain the EU's technological advantage and global competitiveness. Therefore, reducing the financing gap for these companies is seen as crucial for advancing green technology, artificial intelligence (AI), and quantum computing.