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The economic impact of venture capital investment in Europe

This Finance Focus Breakfast discussed the economic impact of venture capital investment in Europe. The presentation by Massimo Colombo was followed by comments by Karen Wilson and an open discussion moderated by Reinhilde Veugelers.

This session of the Finance Focus Breakfast series was devoted to venture capital (VC) funds and their economic role in the EU. It was focused on the presentation and discussion of results from a large EU-funded research endeavor (VICO project), including the impact of VC funding on firm growth performance and the importance of VC investments from the view point of the innovation policy community as well as from the financial markets’ perspective.


Massimo Colombo is professor of Economics of Technical Change in the Politecnico di Milano, Italy’s largest technical university, and the research coordinator of the VICO project. He holds a degree in Electronic Engineering from Politecnico di Milan and has been a member of its faculty since 1984.

Karen Wilson is a Senior Fellow at the Kauffman Foundation and also works in the Structural Policy Division of the Science, Technology and Industry Directorate at the OECD. Previously, she held senior positions in the venture capital industry, at the World Economic Forum in Geneva, and at Harvard Business School as director of its Global Initiative. She holds a degree in mathematics and management from Carnegie Mellon University and an MBA from Harvard Business School.


After the event, Karen Wilson and Massimo Colombo gave an interview focused on their policy recommendations about venture capital investments in Europe.

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