Venture capital for start-ups is in short supply across Europe, with central and eastern Europe
particularly hard hit. A recent study found that investment in start-ups in Widening countries fell by 57% between 2022 and 2023, against a 45% drop across the continent as a whole
Attempts are in hand to address this problem, with a project just beginning under the aegis of the European Institute of Innovation and Technology (EIT) Health community aiming to share
strategies that have proved effective in getting the attention of investors and persuading them to open their wallets.
The Healthy Investment Central Eastern Europe (HICEE) project brings together business
acceleration service providers and investor networks from Hungary, Poland, Slovakia, and
Slovenia, along with innovation hubs in Belgium and the Netherlands.
The programme is expected to equip at least 10 start-up support organisations, such as technology
transfer offices, with new ways of approaching the challenge of attracting investment, and to
prepare an additional 30 trainers who have the potential to have an impact on up to 150 innovation
projects or start-up ventures each year.
Other expected outcomes include vetting 25 health start-ups for advanced investment readiness in
international markets, the production of investment handbooks, and a white paper on investment
policies.
https://sciencebusiness.net/news/start-ups/ecosystem-building-bridge-across-start-investment-gap-central-and-eastern-europe
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