- European Investment Fund (EIF) entrusted to manage €200 million of European structural funds and national resources by the Hellenic Republic with new equity mandate
- Financing to unlock growth in life sciences, healthcare and sustainability sectors while supporting innovative companies to unlock their potential and compete in global markets
Greek startups and SMEs in life sciences, healthcare and sustainability will gain better access to investment finance under a new equity agreement managed by the EIF arm of the European Investment Bank (EIB) Group. Under the accord, the EIF has been entrusted to manage €200 million of EU Cohesion Policy Funds and national resources that will provide equity financing for risk finance investments in the country.
The equity mandate, signed today in Athens by EIB Vice-President Ioannis Tsakiris, Alternate Finance Minister Nikos Papathanasis, and the EIF Chief Executive Marjut Falkstedt, aims to help companies focusing on innovation operating in the targeted sectors get better access to vital equity financing to help them be more competitive and fully exploit their growth potential.