The research of CEFS colleagues Reiner Braun, Stefan Weik, and Ann-Kristin Achleitner on the relevance of local venture capital to keep European startups in Europe has been taken into account in the new innovation strategy agendas of the European Commission (EC) and German Federal Government. Both the "New European Innovation Agenda" of the European Commission and the "Start-up Strategy of the German Federal Government" have consequently set the availability of venture capital as a top priority.
Link to working paper: https://ssrn.com/abstract=3415370
Link to EC innovation agenda: https://ec.europa.eu/info/files/new-european-innovation-agenda-communication_en
Link to BMWK startup strategy: https://www.bmwk.de/Redaktion/DE/Downloads/E/entwurf-des-bmwk-fur-eine-start-up-strategie-der-bundesregierung.html