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€100m Horizon 2020 business technology fund launched

Image: Images Money [CC BY 2.0], via Flickr

Fund will provide financing to small and medium-sized companies affected by Covid-19

The European Commission and European Investment Fund have launched a €100 million fund for buying shares in technology companies affected by Covid-19, backed by the EU’s Horizon 2020 R&D programme.

The Recovery Equity Facility for Innovative Technology companies, announced on 28 July, will provide top-up investment capacity to an existing equity fund called InnovFin.

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