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EU bank opens door to technology funding

The European Investment Bank has met research and technology organisations to discuss how an EU investment fund could be used to pay for infrastructure and technology development projects.

At the annual meeting of the European Association of Research and Technology Organisations (Earto) in Luxembourg on 29 April, EIB representatives said that the “doors are open” for research and technology organisations to benefit from the European Fund for Strategic Investments (Efsi). The fund, proposed by the European Commission president Jean-Claude Juncker to help boost private spending in Europe, will be managed by the bank.

“Our common interest in innovation competitiveness makes us natural partners,” Klaus Trömel, the head of lending at the EIB, told attendees. Research and technology organisations could take out loans to build dedicated technology development facilities, used by companies to conduct testing, prototyping and demonstrations. “We’re not afraid of research infrastructures,” he said.

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