Research, Innovation and Science

Commissioner addresses Roundtable Discussion with leading US Venture Capitalists, Cambridge MA, 19 January 2012

"Improving access to finance is essential to enhance the competitiveness and growth potential of innovative SMEs."


Cambridge MA, 19 January 2012

Ladies and Gentlemen,

I am delighted to participate in this roundtable discussion on venture capital. There is much that we can learn from each other on this issue, so I look forward to a stimulating debate.

I would like to take the opportunity to give you some information on developments within Europe. Like the United States, we are keen to explore every avenue to boost the financing of our innovators, entrepreneurs and start-ups.

A little over one year ago, I launched Innovation Union. This is our action plan, supported by all 27 Member States of the European Union, to improve the basic conditions that will let entrepreneurs and companies in Europe flourish.