PORTRAIT – The managing director of the EIF is preparing to take the reins of a new fund whose mission will be to prevent young European digital companies from being taken over by non-European players.
“We are going to contribute to the emergence of European Googles”, launches Alain Godard, while a voice behind him announces the arrival of his train at the Paris station. He still multiplies the journeys between the French capital and Luxembourg, where the European Investment Fund (EIF) of which he is the managing director is located. Soon his destination will change.
Direction Brussels, where the future European Fund for Digital Sovereignty is located, which he will direct. Like the EIF, this new fund is placed under the aegis of the European Investment Bank (EIB). It will see the light of day at the end of November and its mission will be to prevent young European digital companies from being taken over by American or Chinese players.
“Three quarters of innovative start-ups are refinanced by non-European players, recalls Alain Godard. Indeed, only three funds in Europe have more than 1 billion euros. This is not enough to support digital companies.” For…