The European Investment Bank (EIB) Group is pressing ahead with its TechEU Programme to mobilise €250 billion in investment by 2027 for start-ups, scale-ups and innovative companies across Europe by putting in place a fast-track system for them to seek financing. The EIB Group is underpinning TechEU with a platform that will ensure businesses receive timely responses to financing proposals. The new TechEU Platform features a TechEU Portal with an embedded “Investment Readiness Checker”, an easy-to-use web tool that allows European startups or scaleups working in cleantech, life sciences and digital technologies to find out how the EIB Group can support their ambitions. The Platform serves as a a one-stop shop to streamline access to a range of equity, equity-type products, debt, guarantees and advisory services tailored specifically for entrepreneurs. The TechEU Investment Readiness Checker will make its commercial debut on 27 August at an international innovation conference in Denmark. The event is called TechBBQ. This is just a first step, the platform will be developed farther, with more ecosystem participants and financing options present. “One of our top priorities is ensuring that European innovators receive the financing they need to start up, scale and thrive in Europe, driving growth across the European economy” said EIF Deputy Chief Executive Merete Clausen. “That’s why we are launching the TechEU Platform, which will streamline access to a variety of financing instruments.” The TechEU Programme is the largest financing initiative for innovation in Europe and aims to support an additional 1,000 European innovators and tech champions annually, substantially reducing funding constraints for scale-ups. To mobilise at least €250 billion in investments, TechEU benefits from €70 billion in EIB Group equity, quasi-equity, loans and guarantees in 2025-2027. The programme focuses on cleantech, health tech, digitalisation and artificial intelligence, defence, space tech and critical raw materials. The first wave of financing concentrates on cleantech, aiming to mobilise €18 billion in investments and reinforcing Europe’s leadership in this sector. The Platform also serves as a comprehensive resource for companies, streamlining access to all EIB and EIF financial-support tools throughout the innovation growth cycle including advisory services provided before initial public offerings (IPOs).
NOCA (New Oradea Contemporary Art), a hub for to contemporary visual art, is set to open next month in Oradea, in northwestern Romania. It is meant as a "cultural lab dedicated to meetings between modern and contemporary art, multidisciplinary practices and events, and established and emerging artists." The center was founded by Oradea City Hall […]
Representatives from across the Romanian diaspora and officials from Romania and the United States will take part in this year’s Romanian Community Summit 2025 (RoSummit 2025), set to take place in Chicago on September 20. The event is organized through a partnership of the Romanian-American community in Chicago and other diaspora organizations. It will focus […]
Via Transilvanica, the long-distance trail stretching between Putna, in northern Romania, to Drobeta Turnu Severin, in the southern part of the country, could receive funding of EUR 6 – 7 million from the European Economic Area (EEA) and Norway Grants 2021-2028, Investments and European Funds minister Dragoș Pîslaru told
Romania has chosen Teodora Ana Mihai’s Jaful Secolului/Traffic as its official entry for the Best International Feature Film category at the 2026 Academy Awards. Starring Anamaria Vartolomei, Rareș Andrici, and Ionuț Niculae, the movie will be released in Romanian cinemas on September 23. The film, written by Palme d’Or winner Cristian Mungiu and directed by Mihai, […]
President Nicușor Dan and defense minister Ionuț Moșteanu said on Wednesday, September 10, that Romania stands in full solidarity with Poland after Russian drones crossed into its airspace overnight, calling the incident an unacceptable violation of a NATO ally's sovereignty and a dangerous escalation. The Polish military shot down the drones,
Bucharest is emerging as one of Europe’s most attractive locations for Global Capability Centres (GCCs) as multinational companies seek lower costs and skilled talent amid tight labor markets in Western economies, according to a new study by Savills and CoreNet Global. The Romanian capital ranked 14th among 27 global GCC destinations for office costs, averaging […]
