EU Becomes Direct Shareholder of Startups

The EU is creating the largest investment fund in Europe and is becoming a direct shareholder of startups. The European Innovation Council Fund, with a budget of € 3 billion, will fund innovative science technologies.

Small tech companies working in the field of health, sustainable development and progressive production will be funded. In addition to grants, the fund also becomes a direct shareholder in 10-25% of startups. Officials explain that in this way the EU makes new projects much more credible and attractive to investors.

The European Union has invested 15 million euros in the first phase in the French company CorWave. The startup is creating a technological device that will help people with acute heart failure.

Author of the original Bloomberg article: Natalia Drozdiak

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EU Becomes Direct Shareholder of Startups

The EU is creating the largest investment fund in Europe and is becoming a direct shareholder of startups. The European Innovation Council Fund, with a budget of € 3 billion, will fund innovative science technologies.

Last 7 Days Hot Topic

The restaurant "Drzlebi" Located in Terjola, will Reopen in May
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EU Becomes Direct Shareholder of Startups

The EU is creating the largest investment fund in Europe and is becoming a direct shareholder of startups. The European Innovation Council Fund, with a budget of € 3 billion, will fund innovative science technologies.

Last 7 Days Hot Topic

The restaurant "Drzlebi" Located in Terjola, will Reopen in May 01

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC 02

Hereti Global Starts Exporting Wine to the United States 03

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path 04

Beer Production Hits Record High in Georgia 05

Startup Georgia Resumes Funding for Innovation-Driving Projects 06

The restaurant "Drzlebi" Located in Terjola, will Reopen in May
01

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
02

Hereti Global Starts Exporting Wine to the United States
03

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path
04

Beer Production Hits Record High in Georgia
05

Startup Georgia Resumes Funding for Innovation-Driving Projects
06