Odaily Planet Daily News: The European Investment Bank (EIB) called in a report for an increase in innovation financing in the European Union to strengthen the region's technological leadership. The report stressed the "urgent need" to remove investment barriers in order to direct funds to key areas of the EU market. The report mentioned the importance of increasing investment in scale-up companies to maintain the EU's technological advantage and global competitiveness. Therefore, narrowing the financing gap for these companies is seen as key to advancing green technology, artificial intelligence (AI) and quantum computing technologies. As early as June 2021, the European Investment Bank emphasized this theme in the above technologies when it released a similar report titled "Artificial Intelligence, Blockchain and the Future of Europe." The European Investment Bank said that the limited size and depth of the EU capital market poses a major challenge to innovative companies, especially during the expansion phase when financing is scarce. (Cointelegraph)

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