Since September 2020, ECSO is working in conjunction with major private investors and the European Commission to create a cybersecurity investment platform worth at least €1 billion over five years to urgently address the funding gap in the European cybersecurity sector. This platform aims to help promote investments in European cybersecurity start-ups and SMES as well as keeping competences and strategic solutions within Europe. The cybersecurity investment platform ties in with the key ECSO mission to support European digital autonomy and more broadly with ECSO’s purpose of creating a strong, competitive European cybersecurity ecosystem.
Mission & Objectives
ECSO foresees the European Cybersecurity Investment Platform being supported by a pan-European Investment Support Programme, aiding the achievement of the following goals:
- Stimulating the emergence of new pan-European specialised cybersecurity funds to enable the launch of specialised European investment projects.
- Providing a focus on Series-A and growth stage companies to offer a level playing field for early stage companies which currently constitute the majority of investments in Europe.
- Creating a more specialised investment capacity to attract large international “limited partners” on the European market.
- Leveraging the Smart Specialisation Platform Cybersecurity Smart Regions to widen the deployment of an inter-regional acceleration programme and trigger large business-technology partnerships.
- Supporting the creation of the synergies in relevant R&D&I funding schemes across Europe.
49 signatories for building a European Cybersecurity Investment Platform!
On Friday 18th September, ECSO sent a letter co-signed by eight investment partners to Vice Presidents Margarethe Vestager and Margarítis Schinás, as well as Commissioner Thierry Breton, calling for support and the opening of dialogue with the European institutions on this matter. With the support of the Smart Specialisation Platform “Cybersecurity Smart Regions” led by the Brittany Region, ECSO will also discuss the ECIP with the European Investment Bank and the European Investment Fund to understand how the initiative can move forward to maximise access-to-finance for the European cybersecurity industry.
The Letter of Intent has been opened to additional signatories. In November 2020, 41 new signatories from 18 different countries have signed during the second round (bringing the total to 49 signatories), representing the very real and strong desire across Europe to build and scale this project quickly. ECSO welcomes further partners who are interested in endorsing and contributing to the design of the CIP.