Portugal: Web Summit - The EIB provides Bizay with €20 million to support their R&D programme and product development, fostering employment
Provider: View Original Type: Link Title: Web Summit: EIB provides Bizay with €20 million to support its R&D programme and product development, promoting employment in Portugal Description: The EIB is investing €20 million in the Portuguese software company Bizay to finance the implementation of its research and development (R&D) programme and product development roadmap. One of Bizay’s main focuses will be its tech-based B2B marketplace for customised products targeted at small and medium-sized enterprises (SMEs), such as retail stores, restaurants, hotels and small corporates. This financing will also promote job creation in Portugal, a fundamental aspect for the European Union’s post-COVID-19 economic recovery. The agreement was announced today at Web Summit by EIB Vice-President Ricardo Mourinho Félix and Bizay CGO José Salgado.
Luxembourg: EIB Announces First Direct financing for a start-up in the European “New Space” sector - €20 million venture loan for Spire Global
Provider: View Original Type: Link Title: EIB Announces First Direct financing for a start-up in the European “New Space” sector - €20 million venture loan for Spire Global Description: Today at Web Summit 2020, the EIB and Spire Global, a company with the world’s largest multi-purpose constellation of satellites announced a venture debt financing agreement of up to €20 million. The financing will back capital expenditure and research and development (R&D) activities to further develop Spire’s constellation of small satellites and high-quality maritime, aviation and weather space data and analytics. It will also back the development of new software applications for customers and create high-skilled jobs in Luxembourg. The transaction follows the EIB’s commitment to strengthen support for European space start-ups and cooperate with space agencies such as the European Space Agency (ESA). It is backed by the European Fund for Strategic Investments (EFSI), the main pillar of the Investment Plan for Europe.
Spain: Web Summit - EIB finances Worldsensing with €10 million to develop next-generation industrial monitoring solution
Provider: View Original Type: Link Title: Web Summit: EIB finances Worldsensing with €10 million to develop next-generation industrial monitoring solution Description: The EIB will provide a €10 million financing to support the R&D strategy of the Spanish scale-up Worldsensing, a widely recognised Internet of Things (IoT) pioneer that focuses on designing IoT solutions for monitoring sensors and operates in more than 60 countries. The EIB long-term and advantageous financing of Worldsensing will support the company's innovation efforts aimed at increasing its production capabilities, developing a portfolio of new products and at enhancing the company’s commercial and distribution network. The agreement was announced today at Web Summit by EIB Vice-President Ricardo Mourinho Félix and Worldsensing CFO David Deprez.
EIOPA publishes its fifth annual analysis on the use and impact of long-term guarantees measures and measures on equity risk
Provider: View Original Type: Link Title: EIOPA publishes its fifth annual analysis on the use and impact of long-term guarantees measures equity risk - Eiopa European Commission Description: EIOPA publishes its fifth annual analysis on the use and impact of long-term guarantees measures equity risk
EIB and Global Development Network strengthen global private sector impact investment best-practice
Provider: View Original Type: Link Title: European Investment Bank and Global Development Network strengthen global private sector impact investment best-practice Description: Maximizing the social, economic and public health impact of billions of Euros private and public investment is crucial to meet sustainable development goals around the world. The EIB and Global Development Network today published analysis of impact investment best practice from across Africa, alongside hosting their largest ever development impact virtual conference.