EU and Germany Launch Billion-Euro Start-Up Program

The program aims at improving fledgling technology companies’ financing and improving access to professional venture-capital and growth funds.

The initiative – an expansion of an existing German-EU program – is open to start-ups working in a broad range of areas from artificial intelligence and industrial innovation to energy and life-sciences technology.

“EIF German Equity shows how European partnership works,” said European Investment Bank Vice President Nicola Beer in a statement. “Together with Germany, we’re expanding one of the most successful equity capital programs in Europe.”