A European sovereignty fund : investing in Europe's future and security : in-depth analysis requested by the ECON committee

The European Sovereignty Fund (EUSF) should invest in Europe's future by investing indirectly in start-ups and scale-ups via the existing Fund of the European Innovation Council (EIC). This would be concrete step to advance the aims of the recently agreed Strategic Technologies for Europe Platform (STEP). The EUSF could also invest in security of supply by acquiring and managing strategic stockpiles of critical raw materials. This would foster the aim of the Critical Raw Material Act. To succeed the management of the EUSF should be strictly independent of political influence. The author acknowledges very helpful comments from EP staff that were instrumental in improving this contribution. This document was commissioned by the Economic Governance and EMU Scrutiny Unit at the request of the ECON Committee.