A consortium of Nordic companies and investors is exploring a proposal to create a new investment fund designed to retain growing businesses within Europe. The initiative, led by the industry alliance Nordic Compass, would be modeled on the European Union's existing €5 billion Scaleup Europe Fund but feature a broader mandate extending beyond the technology sector. The effort aims to close a persistent funding gap that currently forces scaling companies to seek financing in the United States.

Discussions are ongoing regarding the fund's structure and scope, with the goal of keeping innovative firms rooted in the Nordic region.