European Commission Announces Support for the Venture Center of Excellence Program

By • on October 9, 2020

The European Commission website reported that The Commission is making a €150m financial contribution to the Venture Center of Excellence (VCoE) program. The contribution from the European Commission is an anchor investment in the VCoE and is expected to catalyze over €2bn into the European Life Sciences industry.  VCoE is a first of its kind open innovation platform in the Life Science sector in Europe aimed at fostering collaboration and investment sharing between the venture capital industry and corporates in order to boost investments in highly innovative digital health and life science start-ups. This enhanced collaboration and investment capacity is expected to boost Europe’s innovative life science ecosystem, support breakthrough technologies, and ensure products and services are commercialized and scaled in Europe.

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