EIB and EC refocus EU finance for innovation support
The first FT-EIB Global Investment Forum is taking place in Brussels today, 7 December 2017. In a press release, the EIB Group and the European Commission have announced the launch of a new set of products to support innovators across Europe and neighbouring countries at this event.
The new products offer easier access to finance for early-stage projects in the renewable energy and infectious diseases sectors and provide finance for organisations established in modest and moderate innovator countries in the EU. The revamped product offering takes the successful partnership under “InnovFin - EU Finance for Innovators”, a joint initiative launched by the EIB Group (EIB and EIF) with the Commission under the EU Research and Innovation programme Horizon 2020, to the next level. It offers solutions to close financing gaps for innovative companies in the EU.
Carlos Moedas, European Commissioner for Research, Science and Innovation, said "InnovFin – EU Finance for Innovators, funded under our research and innovation programme Horizon 2020, has already proven its worth to the European economy. It supports the entire value chain of research and innovation and helps companies of all sizes, small and large. The revamped product range offers even better integrated financing tools and advisory services, and complements Commission's Investment Plan for Europe."