This initiative aims to foster collaboration among investors and enhance co-investment opportunities with the European Innovation Council (EIC) to address financing gaps faced by deep tech firms.

The TIN comprises 71 founding investors, including notable firms like Atomico, Bpifrance, and Sofinnova, collectively managing over €90 billion in assets.

Commissioner Iliana Ivanova highlighted the network's role in addressing the funding gap for tech companies and strengthening Europe's innovation ecosystem.

The TIN is part of the EU's Horizon Europe research and innovation program, aimed at promoting technological sovereignty and economic security.

This initiative responds to the growing demand for financing in Europe, with plans for further development and support for deep-tech companies by 2025.

Networking opportunities across sectors are facilitated through EIC initiatives, enabling startups to connect with a diverse ecosystem of partners, investors, and policymakers.

The European Union has launched the 'Trusted Investors Network' (TIN) to bolster investments in technological innovation, particularly targeting deep-tech companies.

The network aligns with recommendations from a report by former European Central Bank chief Mario Draghi, which emphasized the need for accelerated and larger investments in critical technologies across Europe.

During the EIC Scale Up 100 event in Athens on October 21, 2023, the first cohort of investors officially joined the TIN and signed its charter.

Currently, the EIC backs 251 deep tech companies with a funding target of €1 billion, aiming to expand this number to 500 by 2027.

Startups and SMEs are encouraged to focus on high-impact innovations in sectors like AI, biotech, and quantum computing to attract investor interest.

Members of the EIC Scaling Club, which includes over 120 companies, have collectively raised more than €73 million, with additional funding rounds anticipated.