Innovation bonds proposed to fill funding gap

Michael Kenward

Plans are in hand to introduce innovation bonds as a new means of financing technology start-ups. One of the architects of the plan, Klaus Gretschmann, Director-General of Competitiveness at the European Council of Ministers, said the bonds would fill the gap left by banks and venture capital funds, which have all but withdrawn from supporting innovation in the financial crisis.

Innovation bonds will be a “third way of financing innovation” and a “neutral instrument,” said Gretschmann in the opening session, ‘How innovation can stimulate economies and support long-term prosperity,’ at the Science|Business...

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