Pramac, an Italian manufacturer of power generators, has been awarded a €8 million loan from the European Investment Bank to boost its research activities.
The loan is part of the InnovFin MidCap Growth programme, an initiative designed to improve financing conditions for small businesses and to foster innovation.
The programme is supported by the European Commission and funded through Horizon 2020, offering loans ranging from €7.5m to €25m.
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