Platform for getting quick responses to financing proposals goes live on 27 August
Trade
Image: Jonas Horsch via Pexels
The European Investment Bank (EIB) Group is pressing ahead with its TechEU Programme to mobilise €250 billion in investment by 2027 for start-ups, scale-ups and innovative companies across Europe by putting in place a fast-track system for them to seek financing.
The TechEU Programme focuses on cleantech, health tech, digitalisation and artificial intelligence, defence, space tech and critical raw materials. The first wave of financing concentrates on cleantech, aiming to mobilise €18 billion in investments and reinforcing Europe’s leadership in this sector.
The TechEU Platform features a TechEU Portal with an embedded ‘investment readiness checker’, an easy-to-use Web tool serves as a a one-stop shop to streamline access to a range of equity, equity-type products, debt, guarantees and advisory services tailored specifically for entrepreneurs.
“One of our top priorities is ensuring that European innovators receive the financing they need to start up, scale and thrive in Europe, driving growth across the European economy,” said EIF deputy chief executive Merete Clausen. “That’s why we are launching the TechEU Platform, which will streamline access to a variety of financing instruments.”
The TechEU Programme aims to support an additional 1,000 European innovators and tech champions annually, reducing funding constraints for scale-ups. To mobilise at least €250 billion in investments, TechEU benefits from €70 billion in EIB Group equity, quasi-equity, loans and guarantees in 2025-2027.
The platform also serves as a comprehensive resource for companies, streamlining access to all EIB and EIF financial-support tools throughout the innovation growth cycle including advisory services provided before initial public offerings (IPOs).
The investment readiness checker will go live on 27 August.
TechCentral Reporters