Financing of Artificial Intelligence and Blockchain Technologies in Europe - Setting-up a Running Investment Support Program - Digital Single Market - European Commission

The development of foundational technologies such as Artificial Intelligence, Blockchain and the convergence with other key technologies like IoT is going to accelerate the digital transformation of industry and services. They will provide new opportunities to innovate, create new ventures and to invest in technologies and applications that will deeply change the existing business models. The support program will be critical for the successful implementation of this first EU-wide Deep Tech Investment Fund specifically focused on the development and acceleration of Artificial Intelligence, Blockchain, Distributed Ledger technologies and the Convergence of these technologies. As part of this Investment support program, the European Commission is aiming to: (i) to enhance the awareness and visibility of innovative AI and Blockchain companies and projects with financial intermediaries and the broader investment community; (ii) to carry out a series of market consultations with a broad range of stakeholders from the AI/blockchain ecosystem, Governments and private investors, (iii) to convene and to better link the investment community with innovative Blockchain/AI SME and startups (iv) support the portfolio development and originate a deal flow of technically and financially viable projects; and(v) to mobilise more investors and to facilitate cooperation schemes by contributing to the creation and optimal operation of an EU-wide Deep Tech Investment Program, with a focus on AI, Blockchain and the Convergence of technologies.