EU joins up with venture capital firms to boost region’s tech sector

The European Union said this week it had joined forces with leading venture capital firms from the region to boost investment in tech innovation in Europe, amid concerns that Europe’s tech sector is lagging the United States and China.

The initiative, dubbed by the EU as the “Trusted Investors Network”, comes as Europe tries to keep pace with the bigger and more innovative tech industries in China and world-leader the United States.

The EU said 71 investors from across Europe...