Commission and European Investment Fund unlock €100 million for innovative businesses
The Commission and European Investment Fund have developed a set of measures to support the venture capital market and innovative companies impacted by the coronavirus pandemic. The measures, channelled through the InnovFin Equity Facility within Horizon 2020, will translate into additional liquidity to strengthen the capital base of European SMEs and small mid-cap companies. In addition, a new €100 million Recovery Equity Facility for Innovative Technology will be launched to provide top-up investment capacity to fund managers to further support their portfolio companies negatively impacted by the crisis.
The new support measures will be rolled out based on a call for expression of interest.TOP