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EU should provide long-term start-up support, innovators say sciencebusiness.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sciencebusiness.net Daily Mail and Mail on Sunday newspapers.
Faron Pharma PLC raises €15mln to 'expand and accelerate' work in the clinic proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
07 Jan 2021 | News European Innovation Council makes first equity investments in start-ups EIC takes first step to becoming one of Europe’s biggest venture capital investors as it acquires €178M of shares in emerging science and technology companies. That could increase to €3B over the next seven years The European Investment Council (EIC) fund is poised to directly invest around €178 million in 42 start-ups, acquiring 10 - 25% stakes for between €500,000 - €15 million each. These will be the EU’s first ever direct investments in SMEs, marking a step towards the EIC becoming one of Europe’s biggest venture capital funds. Until now, EU funds, such as the European Fund for Strategic Investments, have shied away from directly investing in start-ups and only provided grants, loans or guarantees, while the European Investment Bank has put money into venture capital firms’ funds, but has not taken a direct role in deciding how this is investe ....