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Financing innovation and scale-ups in Europe

Day 1 Afternoon

Wednesday 16 September

Location :

ROOM 1

Speakers

Public Authorities
Nathalie Berger
Acting Deputy Director-General for Investment & Innovation, Director for Investment & InvestEU - DG Internal Market, Industry, Entrepreneurship and SMEs, European Commission
Alexandra Jour-Schroeder
Deputy Director-General Directorates A,B and E, Acting Deputy Director-General Directorates C and D - DG for Financial Stability, Financial Services and Capital Markets Union, European Commission
Märten Ross
Advisor, ECOFIN & EFC - Ministry of Finance, Estonia
Rolf Strauch
Chief Economist and Management Board Member - European Stability Mechanism (ESM)
Stéphanie Yon-Courtin
MEP - Committee on Economic and Monetary Affairs, European Parliament
Industry Representatives
James Chew
Global Head of Regulatory Strategy - HSBC Holdings plc
Christian Edelmann
Managing Partner Europe - Oliver Wyman
David Serrero
Head of Investment CDC Tech Premium - Caisse des Dépôts (CDC)
Sandra Veseli
Managing Director, Co-Head of EMEA Regional Management and Head of the EU - Moody's Ratings

Session overview

Objectives

Despite its scientific excellence, industrial strengths and abundant savings, Europe still lacks an integrated innovation and financing ecosystem capable of scaling and retaining globally competitive firms, leaving it behind the United States and China in the technologies that will shape future growth and strategic autonomy.

The session will first examine how Europe can progress towards a genuinely integrated innovation and financing ecosystem capable of creating, scaling and retaining globally competitive firms. Participants will discuss how to mobilise more long-term risk capital by better connecting savings, institutional investors, public promotional institutions and capital markets, while improving late-stage financing and exit opportunities.

The session will then explore the broader innovation ecosystem needed to make “Choose Europe” a reality for founders, investors and scale-ups. The discussion will cover research commercialisation, university-industry links, strategic public demand, intellectual property, the 28th regime / EU Inc., stock options, labour mobility and policy stability.

Finally, the session will consider how responsibilities should be shared between Member States and the European Union. It will examine which reforms could realistically be implemented over the next two to three years, while addressing the question of critical mass: whether Europe needs stronger concentration of capital, talent and high-growth firms in a limited number of hubs to compete globally, and how this can be reconciled with cohesion and national interests.

Points of discussion

  1. Europe has abundant savings but insufficient risk capital. How can it build an integrated European market for risk capital capable of financing innovative companies from early growth to successful exits?

  2. Beyond deeper capital markets, how can Europe build the integrated innovation ecosystem needed to make "Choose Europe" a reality for founders, investors and scale-ups?