Over 10 Billion Euros for Europe's Tech Start-ups: Uniqa Is Also on Board
Published
The European Investment Bank (EIB) plans, together with seven EU member states and 15 institutional investors, to direct more than 10 billion euros into European scaleups. Scaleups are technology companies that grow quickly and want to expand their businesses significantly.
Among the participating investors is the Austrian insurance group Uniqa. Institutional investors are large organisations such as insurance companies, pension funds or banks that provide money for long-term projects. Their participation shows that Austrian companies are also involved in financing young technology companies in Europe.
The aim of the initiative is to make it easier for companies in Europe to access capital. Many innovative companies have so far often grown with money from the USA or Asia. The new project is intended to help important technology companies find more support in Europe and, in future, grow more strongly on their own continent.
Which companies will specifically benefit and when the first investments will be made was not yet known at the time of the report. The further development of the project therefore remains to be seen.
Sources: Trending Topics
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