Prior to the pandemic, a Venture Capital ‘revolution’ was taking shape across Europe. Last week’s commentary looked at the political risks around a slow rollout of vaccinations, but also stressed Europe’s lead in renewable energy. This week’s commentary considers some more of the positive trends, the investment opportunities, that have emerged in response to the crisis.
Spain and Italy will be the top recipients of EU grants. There are some early positive signs from Spain: the priorities for the country’s recovery and resilience plan are the digitalisation of Spanish business and the transition to green energy.
The fight against climate change will propel start-ups, such as Nabrawind Technologies in Spain (advanced wind technologies for wind turbine components). Europe has a number of pioneers in the fight against climate change, but some of them are less obvious.
Digital health is a clear beneficiary of Covid-19, another area where Europe has notable strengths.
