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).
Education at AISB is stepping into the future. The American International School of Bucharest (AISB) proudly announces the launch of the Global Impact Diploma (GID), a groundbreaking academic pathway that empowers students to create real-world change while excelling in their studies. Offered at only four other schools worldwide, the GID places AISB among a pioneering […]
The largest event in the country dedicated to animation film begins in Bucharest, where the public is invited to visit a host of art galleries that are open afterhours this weekend.
South Korean ambassador Kap-soo Rim will host a reception at the Bucharest National Theater on Friday, October 3, to mark the National Foundation Day and Armed Forces Day of the Republic of Korea. The reception is also in honor of the 35th anniversary of Korea-Romania bilateral relations. In the last three years, the two countries […]
Romania has reported an outbreak of bluetongue disease in cattle in the southwest of the country, according to an announcement from the World Organisation for Animal Health made on Wednesday, October 1. There are numerous variants of the virus. Serotype 3 of the disease was detected in 10 animals from four farms and households in […]
One United Properties, one of the largest real estate developers in Romania, has begun construction work on two schools located within the One Academy Club and One Lake District developments, which will accommodate over 1,000 children. These projects benefit from an investment of approximately EUR 19 million. The developer has also already identified land for […]
Genezio, a Romanian AI startup, announced the launch of a new Conversational AI Optimization platform, a tool designed to help companies understand and improve how generative AI systems perceive and describe their brands, during the technology conference How to Web. The new tool comes as traditional digital marketing campaigns and SEO techniques no longer suffice […]
