> EIB President Nadia Calviño emphasizes the bank's willingness to take more risks, notably speeding up the venture capital financing process, which could be pivotal for startups in a fast-moving market
> The bank aims to process startup financing applications within six months, significantly improving from the current 18-month timespan.
That's part of the problem. 6 months is too long for an early stage venture to get capital unlocked.
And this rightfully causes a lot of us to worry that this foreshadows a significant lack of domain experience in the EIB's proposal (which btw hasn't been made public yet)
> EIB President Nadia Calviño emphasizes the bank's willingness to take more risks, notably speeding up the venture capital financing process, which could be pivotal for startups in a fast-moving market
> The bank aims to process startup financing applications within six months, significantly improving from the current 18-month timespan.