European Union:
First Six Artificial Intelligence And Blockchain Technology Funds Backed By InnovFin Raise A Total Of EUR 700m
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The European Investment Fund recently signed the first six
equity agreements with venture capital funds in Austria, Finland,
Germany, Luxembourg and the Netherlands, raising a total of
EUR 700m under the InnovFin – EU Finance for Innovators
initiative.
InnovFin – EU Finance for Innovators is a joint initiative
launched by the European Investment Bank and the European
Investment Fund in cooperation with the European Commission under
the framework Horizon 2020. As part of the InnovFin – EU
Finance for Innovators initiative, the InnovFinEquity programme
provides equity investments and co-investments to or alongside
investment funds, focusing on companies in their early stages of
development or in their growth stage operating in innovative
sectors covered by Horizon 2020, including scalable artificial
intelligence / blockchain technologies (AI/BT), B2B software,
data/analytics, IoT, Smart Cities, automation, language and machine
learning, Saas, Fintech, cybersecurity and the future of work.
For more information and to check out which funds are on board,
please visit the webiste of the European Commission.
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