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19 January 2026

Europe

Final report of the FIVE task force: Financing Innovative Ventures in Europe

Former German Finance Minister Jörg Kukies and former Banque de France Governor Christian Noyer, who led the German-French initiative “Financing Innovative Ventures in Europe – FIVE”, have presented their final report. You can download it here:

Cover of Puclication

Jörg Kukies and Christian Noyer have developed proposals for giving start-ups and scale-ups better access to private capital. Their recommendations were presented to the public at the Economic Dialogue on 19 January 2026.