Leaked EU doc plots €100bn fund to protect European firms against international tech giants
https://www.theregister.co.uk/2019/08/23/eu_plots_100bn_tech_fund_to_fight_us_giants/
The European Commission wants to set up a €100bn wealth fund to invest directly in local technology companies to help businesses fight international giants like Apple, Google and Alibaba.
The European Future Fund is planning to use existing budgets to make direct equity investments in technology organisations, something which would require changes to current public-funding rules.
Leaked EU doc plots €100bn fund to protect European firms against international tech giants
Aug 23, 2019, 1:22pm UTC
https://www.theregister.co.uk/2019/08/23/eu_plots_100bn_tech_fund_to_fight_us_giants/
> The European Commission wants to set up a €100bn wealth fund to invest directly in local technology companies to help businesses fight international giants like Apple, Google and Alibaba.
> The European Future Fund is planning to use existing budgets to make direct equity investments in technology organisations, something which would require changes to current public-funding rules.