As part of the Startup Europe Initiative, the European Commission has started a European network of investing organisations with interest in web startups aiming at increasing the amount of venture capital invested in web startups in the EU.

Key results:

• Collecting and creating digital materials to generate awareness among investors of the web business opportunities in Europe,

• Developing a website to facilitate the understanding of the specific characteristics of web-entrepreneurship and disseminate relevant materials and findings towards investors,

• Researching current allocation of early-stage and growth capital in Europe and providing recommendations to improve the situation and foster emerging startups from across the continent,

• Making recommendations (validated and agreed with the active web VC community) to increase the amount of venture capital investing in web startups in Europe and to widen their geographical availability.