Egypt holds consultative meeting to discuss national foreign direct investment strategy    GAFI, Hong Kong delegation explore investment opportunities in Egypt    SCZONE aims to attract investments from Chinese 'Guixi' in copper industry: Chairperson    Abdelatty receives UN official, highlights Egypt's role in regional stability    Palestinian resistance continues: Hamas launches deadly attacks at Israeli forces    Egyptian, Romanian FMs strengthen ties, focus on post-conflict reconstruction in Sahel    Luxor Museum to host exhibition on 19th century antiquities inspection tours    India's c. bank sells $6.49b in forex market    EGP down vs. USD at Monday's close    European shares down on Monday midday    Russia-UAE trade triples over three years – Putin    Egypt launches 2nd Global Conference on Population, Health, and Human Development    Egypt, World Bank collaborate on Greater Cairo Air Pollution Management and Climate Change Project    UK targets Russian "Shadow Fleet" with new sanctions    Egypt, Qatar discuss alleviating health suffering in Palestine, Lebanon, and Sudan    Nourhan Kamal Wins 2024 Helmi Sharawy Award for African Studies    Egypt c.bank issues warning against online banking scams    Egypt observes Intl. E-waste Day, highlights recycling efforts    Egypt's military capabilities sufficient to defend country: Al-Sisi    Al-Sisi emphasises water security is Egypt's top priority amid Nile River concerns    Cairo Opera House hosts grand opening of Arab Music Festival, Conference    Downtown Cairo hosts 4th edition of CIAD Art Festival    Grand Egyptian Museum ready for partial trial run on October 16: PM    Colombia unveils $40b investment plan for climate transition    Egypt's Endowments Ministry allocates EGP50m in interest-free loans    Kabaddi: Ancient Indian sport gaining popularity in Egypt    Ecuador's drought forces further power cuts    Al-Sisi orders sports system overhaul after Paris Olympics    Basketball Africa League Future Pros returns for 2nd season    Egypt joins Africa's FEDA    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Paris Olympics opening draws record viewers    Who leads the economic portfolios in Egypt's new Cabinet?    Financial literacy becomes extremely important – EGX official    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



EIB, LIFTT announce €100m to boost Italian business innovation
Aya El Sayed Published in Amwal Al Ghad on 09 - 09 - 2024

The European Investment Bank (EIB) and Italian venture capital firm LIFTT have launched a €100 million initiative to boost equity investments in innovative companies.
The agreement, announced in Rome, involves the creation of a joint stock company, LIFTT EuroInvest, with each party investing €50 million.
LIFTT EuroInvest plans to make 20 to 30 equity investments in Italian startups, SMEs, and mid-caps in sectors like life sciences, cybersecurity, deeptech, and cleantech. The initiative aims to support technological innovation and sustainable growth by reducing the environmental impact of beneficiary companies.
Vigliotti emphasised that the partnership will bridge Europe's technological gap, create highly skilled jobs, and enhance competitiveness.
Buono highlighted LIFTT's expertise and the shared commitment to fostering a sustainable and innovative future. The initiative is expected to have a significant socioeconomic impact, supporting the technological and environmental transitions in key industries.
Attribution: The European Investment Bank (EIB)
Subediting: M. S. Salama

Clic here to read the story from its source.