The European Investment Fund has partnered two banks to launch an investment platform that aims to support the creation of 100 spinouts.
The European Investment Fund (EIF), the venture capital arm of EU-owned European Investment Bank, has joined forces with financial institutions SID Banka and Croatian Bank for Reconstruction and Development (HBOR) to launch a €40m ($48m) vehicle.
EIF is providing €20m, while SID Banka and HBOR are each committing €10m.
The Central Eastern European Technology Transfer (CEETT) platform will be aimed at universities and research institutes in Croatia and Slovenia, backing regional VC funds that focus on financing research…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
