[ad_1]
European Union: The first six funds for artificial intelligence and Blockchain technology supported by InnovFin raise a total of 700 million euros
To print this article, simply register or login on Mondaq.com.
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 700 million euros under the InnovFin – EU Finance initiative for Innovators.
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 within the framework of Horizon 2020. Under the InnovFin – EU Finance for Innovators, the InnovFinEquity program provides equity investments and co-investments to or alongside investment funds, focusing on companies in the early stages of development or their growth phase that operate in innovative sectors covered by Horizon 2020, including scalable AI / 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 which funds are on board, visit the European Commission’s website.
The content of this article is intended to provide general guidance on the subject. Specialist advice on specific circumstances should be sought.
POPULAR ARTICLES ON: Technology from the European Union
.[ad_2]Source link
