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21 Nov 2018

150 Austrian SMEs to get access to EFSI funding for innovations

The European Commission (EC) has announced that the European Investment Bank Group and the Austrian promotional bank Austria Wirtschaftsservice (aws) will extend an existing guarantee by up to €48 million, bringing it to up to €96 million, in order to support an additional 150 innovative small and medium-sized enterprises (SMEs) in Austria. The guarantee is backed by both the European Fund for Strategic Investments (EFSI) and Horizon 2020. The announcement was made on the occasion of the "Innovative Enterprise Vienna 2018" conference, an event taking place on 21-22 November 2018 and hosted by the Austrian Council Presidency.

Commissioner for Research, Science and Innovation, Carlos Moedas, said: “I welcome this new agreement supported by the Juncker Plan and Horizon 2020. It means fresh financing for Austrian innovative small and medium businesses – which is precisely what they need to launch new products, hire new staff and expand beyond their local markets.”

For more information:

EC - News

EFSI - press release

Innovative Enterprise Vienna 2018

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