EIB and Angelini Ventures to back European start-ups with 150 million euros-
The European Investment Bank (EIB) and Angelini Ventures - the Italian drugmaker’s corporate venture capital fund - have signed an agreement to provide a total of 150 million euros ($174 million) in financing for European biotechnology, medtech and digital health startups.
This is the first agreement the EIB has signed with a corporate venture capital in the healthcare sector, and states that Angelini Ventures and the EIB will each invest 75 million euros over the next six years.
'Initiatives like this strengthen Europe’s ability to lead technological innovation'
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