EU
Investment Plan for Europe backs fund to support health-care innovation
The European Investment Fund (EIF) has committed €30 million to the BGV Fund IV by BioGeneration Ventures (BGV), a venture capital company supporting early-stage European biotech companies in health care. The EIF's commitment is made possible through a guarantee provided by the European Fund for Strategic Investments (EFSI), the main pillar of the Investment Plan for Europe. The BGV Fund IV, which has closed at €140m, has already made four investments with a focus on entrepreneurial therapeutic innovation, with more to come. Economy Commissioner Paolo Gentiloni said: “I warmly welcome the Investment Plan for Europe's support for this EIF investment in BGV. It will support this specialised fund to finance early-stage European biotech companies operating at the forefront of health-care innovation.” The Investment Plan for Europe has so far mobilized €535 billion of investment across the EU, a quarter of which for research, development and innovation projects. The press release is available here.
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Kazakhstan4 days agoKazakhstan cuts water use by 874 mln m³ through new technologies
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General3 days agoSerbia’s business environment is driving its integration into the EU
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Belgium4 days agoRecord breaking Belgian sailors making more waves
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Maritime4 days agoEurope's peripheral and maritime regions 'combine many territorial assets', meeting told