Challenges for Governmental Venture Capital Institutions and Funds
This report provides an analysis of the current financial and techno-economic landscape in Europe,
with a specific focus on the role of public organizations investing in innovative companies. While the
primary focus is on equity-based instruments, the report addresses the interplay between equity
financing and complementary financial instruments, as well as factual challenges to put them into
practice. It contributes to the understanding of Europe’s complex funding landscape, particularly
from the angle of public funding bodies. It examines the mandate and activities of governmental
venture capital organizations within the broader venture capital ecosystem. Drawing on empirical
evidence, the report highlights key challenges faced by Governmental Venture Capital (GovVC)
initiatives and explores potential avenues for improvement. The report is sustained by the outcomes
of a workshop held in Seville that brought together experts and practitioners who share experiences
and best practices on government-backed initiatives.
COMPANO Ramon;
2025-05-16
Publications Office of the European Union
JRC140763
978-92-68-24312-1 (online),
1831-9424 (online),
EUR 40227,
OP KJ-01-25-091-EN-N (online),
https://publications.jrc.ec.europa.eu/repository/handle/JRC140763,
10.2760/9114269 (online),
Additional supporting files
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