> The right way to do this would have been to match private financing so the EIB is providing capital but not gatekeeping
Israel did this with Yozma back in the 2000s, China recently with Guidance Funds, and the US with he IRA and CHIPS Acts, so it is a model that does work.
That said, the EIB press release is very vague [0], and it appears to be a proposal right now, and still needs to be approved by EIB's Board of Governors.
Realistically, we wouldn't get a true picture of this until mid-late 2025 at the earliest (notorious European summer season is about to kick in), so there's no point speculating about this until the final version that is passed by the Board of Governers
Israel did this with Yozma back in the 2000s, China recently with Guidance Funds, and the US with he IRA and CHIPS Acts, so it is a model that does work.
That said, the EIB press release is very vague [0], and it appears to be a proposal right now, and still needs to be approved by EIB's Board of Governors.
Realistically, we wouldn't get a true picture of this until mid-late 2025 at the earliest (notorious European summer season is about to kick in), so there's no point speculating about this until the final version that is passed by the Board of Governers
[0] - https://www.eib.org/en/press/news/president-calvino-tech-fir...