Reported about 10 hours ago
The European Investment Bank (EIB) is set to announce plans to allocate 70 billion euros for the advancement of European technology firms from 2025 to 2027, as part of the Tech EU program aimed at enhancing Europe's competitiveness against China and the United States. The funding will be distributed as 20 billion euros for equity, 40 billion for loans, and 10 billion for guarantees, and is expected to leverage an additional 250 billion euros from private investments to support innovative sectors such as AI, green industries, and digital infrastructure.
Source: YAHOO