ZAGREB (Croatia), July 27 (SeeNews) – The European Investment Fund (EIF), part of the European Investment Bank Group, said it has joined forces with Slovenia’s state-owned export and development bank, SID Banka, and Croatian state-owned development bank HBOR to launch the Central Eastern European Technology Transfer (CEETT) platform, a new regional platform worth at least 40 million euro ($47.2 million) for investment in technology transfer.
“The CEETT will invest in venture capital funds and finance innovative technological research projects and the protection of the intellectual property of universities and research institutes in Slovenia and Croatia. It will also fund the commercialisation of scientific achievements and research projects,” EIF said in a statement on Monday.
This is the first multinational investment platform for technology transfer ever launched in the European Union.
The EIF estimates that the universities and research institutes in Slovenia and Croatia targeted by the platform will generate more than 350 patent applications and 100 spin-off companies in the next five years. Investment in innovation and technology transfer will be key to the long-term sustainable green economy, job creation and global competitiveness of the European Union, the EIF said.
($=0.848 euro)
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