February 16, 2011
By Dr. Eli Opper
Last month I participated in an interesting event called “Venture Capital in Europe: Are we willing to take the risk?” The EUREKA Secretariat hosted the event, bringing together 90 high-level participants for a diverse series of presentations and an animated debate involving experts in the field of private investment – from both the public and private sector.
This latest in the EUREKA Academy series of events is focused on financing innovation, which is a key priority of the current Israeli EUREKA Chairmanship. The Chairmanship is investigating second-round financing options for businesses participating in EUREKA R&D projects.
The EUREKA Israeli Chairmanship is focusing on new models and sources of funding for EUREKA projects, especially for SMEs and start-ups. The new mechanisms are needed because stakeholders are cautious of risk-taking and because VC funds are not focused on long-term gains.
Of course, governments are not Venture Capital Funds; governments should promote high-risk R&D and they should receive indirect gains through spill-over effects.Author : EUREKA