{"id":21615,"date":"2025-07-15T04:00:00","date_gmt":"2025-07-15T02:00:00","guid":{"rendered":"https:\/\/www.thebrokernews.ch\/?p=21615"},"modified":"2025-07-14T14:55:34","modified_gmt":"2025-07-14T12:55:34","slug":"europes-e10-billion-bet-on-deep-tech-insights-from-michiel-scheffer","status":"publish","type":"post","link":"https:\/\/www.thebrokernews.ch\/en\/europes-e10-billion-bet-on-deep-tech-insights-from-michiel-scheffer\/","title":{"rendered":"Europe&#8217;s \u20ac10 billion bet on deep tech: insights from Michiel Scheffer"},"content":{"rendered":"<div class=\"ccfic\"><span class=\"ccfic-text\">Europas 10-Milliarden-Euro-Wette auf Deep Tech: Michiel Scheffer, Pr\u00e4sident des EIC im Interview.<\/span><\/div>\n\n<p class=\"wp-block-paragraph\"><strong>During the summer vacations, including today, <em>thebrokernews <\/em>podcasts are also on vacation. In their place, we are showing interesting video interviews and podcasts from our partner, <a href=\"https:\/\/ingage.institute\/\" target=\"_blank\" rel=\"noopener\">The INGAGE Institute<\/a>. Today with Michiel Scheffer.  <\/strong><\/p>\n\n<p class=\"wp-block-paragraph\">In the global race for technological leadership, Europe faces the challenge of maintaining its industrial and innovative strength against China and the USA. <a href=\"http:\/\/linkedin.com\/in\/michielscheffer\" target=\"_blank\" rel=\"noopener\">Michiel Scheffer<\/a>, President of the <a href=\"https:\/\/eic.ec.europa.eu\/index_en\" target=\"_blank\" rel=\"noopener\">European Innovation Council (EIC)<\/a>, explains Europe&#8217;s \u20ac10 billion plan to promote deep tech and the strategies for remaining competitive in the age of artificial intelligence.<\/p>\n\n<p class=\"wp-block-paragraph\">The EIC aims to use Europe&#8217;s strength in research to create market-leading companies. The focus is on <strong>deep tech<\/strong>, innovations with a long development cycle and high risk, such as AI chips, medical imaging or new energy storage systems. <\/p>\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"The 10 billion Euro Man - Exclusive Interview with Michiel Scheffer\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/E03mUt6Fq4w?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n<h6 class=\"wp-block-heading\"><strong>What is deep tech?<\/strong><\/h6>\n\n<ul class=\"wp-block-list\">\n<li>Based on fundamental scientific advances<\/li>\n\n\n\n<li>Development times from 3-10 years<\/li>\n\n\n\n<li>Examples: AI chips, medical imaging, battery technologies<\/li>\n<\/ul>\n\n<h6 class=\"wp-block-heading\"><strong>Financing and scaling<\/strong><\/h6>\n\n<p class=\"wp-block-paragraph\">The EIC manages 10 billion euros (2019-2027) for grants and equity investments in over 250 companies. It cooperates with national banks and will also award larger financing rounds (up to 30 million euros) in the future. <\/p>\n\n<h6 class=\"wp-block-heading\"><strong>Application process<\/strong><\/h6>\n\n<p class=\"wp-block-paragraph\">The process is comparable to private venture capital: short video pitches, presentations and detailed business plans. Around half of the applications are submitted without an advisor. <\/p>\n\n<h6 class=\"wp-block-heading\"><strong>Europe&#8217;s innovation landscape<\/strong><\/h6>\n\n<p class=\"wp-block-paragraph\">Innovation is spread across Europe: from Paris to Copenhagen. The region southwest of Paris is the largest European innovation cluster, but only accounts for 6% of the EIC portfolio. <\/p>\n\n<h6 class=\"wp-block-heading\"><strong>The Unicorn Challenge<\/strong><\/h6>\n\n<p class=\"wp-block-paragraph\">Europe has fewer unicorns than the USA and China. The EIC sees 10-15 potential Unicorns in its portfolio, but is struggling with a lack of large financing rounds. &#8220;Golden shares&#8221; should hold patents in Europe.  <\/p>\n\n<h6 class=\"wp-block-heading\"><strong>Attracting institutional capital<\/strong><\/h6>\n\n<p class=\"wp-block-paragraph\">Two strategies: strengthen a network of existing investors and attract institutional investors such as pension funds to better finance European innovation.<\/p>\n\n<h6 class=\"wp-block-heading\"><strong>Regulation: a burden or an advantage?<\/strong><\/h6>\n\n<p class=\"wp-block-paragraph\">Strict European regulation protects civil rights and is particularly important for medical AI. It only affects a few companies and can serve as a competitive advantage. <\/p>\n\n<h6 class=\"wp-block-heading\"><strong>AI and productivity<\/strong><\/h6>\n\n<p class=\"wp-block-paragraph\">AI is replacing many mid-level office jobs, but above all it is increasing productivity, especially in the healthcare sector, which is under pressure from the ageing population.<\/p>\n\n<h6 class=\"wp-block-heading\"><strong>Social and ecological challenges<\/strong><\/h6>\n\n<p class=\"wp-block-paragraph\">Europe must accelerate decarbonization and sustainable use of resources. Political support and public debate are crucial. <\/p>\n\n<h6 class=\"wp-block-heading\"><strong>Key performance indicators (KPIs)<\/strong><\/h6>\n\n<ul class=\"wp-block-list\">\n<li><strong>Leverage ratio:<\/strong> 4.1 &#8211; every euro attracts over four euros of private capital<\/li>\n\n\n\n<li><strong>Patent activity:<\/strong> Above average for funded companies<\/li>\n\n\n\n<li><strong>Jobs:<\/strong> Around 40,000 created by EIC companies<\/li>\n<\/ul>\n\n<h6 class=\"wp-block-heading\"><strong>Outlook<\/strong><\/h6>\n\n<p class=\"wp-block-paragraph\">Scheffer wants to use the EIC to create a sustainable foundation for innovation and establish new financing models in order to channel more private capital into industrial innovation.<\/p>\n\n<p class=\"wp-block-paragraph\">Europe&#8217;s deep tech initiative is a bold move to turn research into economic and social success. Success depends on collaboration, smart regulation and capital mobilization. <\/p>\n\n<p class=\"wp-block-paragraph\">Binci Heeb<\/p>\n\n<p class=\"wp-block-paragraph\">Read and see also: <a href=\"https:\/\/www.thebrokernews.ch\/en\/homeless-by-choice-an-unexpected-encounter-in-the-canary-islands\/\">Homeless by choice &#8211; An unexpected encounter in the Canary Islands<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>During the summer vacations, including today, thebrokernews podcasts are also on vacation. In their place, we are showing interesting video interviews and podcasts from our partner, The INGAGE Institute. Today [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":21609,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false,"footnotes":""},"categories":[5100,5134,5101],"tags":[5102,6687,6688,6684,6683,6229,6681,6680,6682,6685,5768,6686,5356,6689],"class_list":["post-21615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current","category-general","category-video-en","tag-ai-en","tag-ai-chips","tag-battery-technology","tag-bet","tag-deep-tech-en","tag-europe-en","tag-financing-en","tag-innovations-en","tag-productivity","tag-race","tag-strategy","tag-technological-leadership","tag-the-challenge","tag-unicorns-en"],"acf":[],"cc_featured_image_caption":{"caption_text":"Europas 10-Milliarden-Euro-Wette auf Deep Tech: Michiel Scheffer, Pr\u00e4sident des EIC im Interview.","source_text":"","source_url":""},"_links":{"self":[{"href":"https:\/\/www.thebrokernews.ch\/en\/wp-json\/wp\/v2\/posts\/21615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thebrokernews.ch\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thebrokernews.ch\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thebrokernews.ch\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thebrokernews.ch\/en\/wp-json\/wp\/v2\/comments?post=21615"}],"version-history":[{"count":1,"href":"https:\/\/www.thebrokernews.ch\/en\/wp-json\/wp\/v2\/posts\/21615\/revisions"}],"predecessor-version":[{"id":21616,"href":"https:\/\/www.thebrokernews.ch\/en\/wp-json\/wp\/v2\/posts\/21615\/revisions\/21616"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thebrokernews.ch\/en\/wp-json\/wp\/v2\/media\/21609"}],"wp:attachment":[{"href":"https:\/\/www.thebrokernews.ch\/en\/wp-json\/wp\/v2\/media?parent=21615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thebrokernews.ch\/en\/wp-json\/wp\/v2\/categories?post=21615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thebrokernews.ch\/en\/wp-json\/wp\/v2\/tags?post=21615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}