Investment in R&D is crucial for Europe’s competitiveness and growth potential. Despite increased FP7 budget for 2007–2013 (€ 54,6 billion), there is a lack of funding for excellent and top quality R&D projects at EU level. Financial institutions are traditionally reluctant to invest in R&D projects. This is due to the fact that there is a higher uncertainty/risk for R&D projects, compared to more traditional business projects. Developing new sources of private sector R&D financing is one of the key elements of the new Lisbon Agenda cycle. A new mechanism for more investments in R&D was specifically called for by the European Council in its decision on the financial perspectives for 2007-2013.