(25.10.22) LSEC supports the EIB report on the 2B EUR European Investment Platform. Investors welcome EU’s efforts to boost European cybersecurity market with €2 billion
LSEC, together with the European Cyber Security Organisation (ECSO) and the Basque Cyber Security Centre (BCSC), welcome the publication of a report on the European Cybersecurity Investment Platform, jointly published by the European Commission and the European Investment Bank (EIB) on the 20th October 2022. The report marks an important strategic step towards creating a vigorous and competitive investment landscape in Europe amidst the increased global competition in the technology sector.
According to the market assessment presented in the report, the European cybersecurity market suffers from almost €2 billion investment gap, which forces European cybersecurity start-ups and scale-ups to leave the European market to fulfil their growth ambition. In recent years, ECSO has been calling for more investments in Europe’s cybersecurity market.