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EU mounts €100M investment push to promote the bioeconomy

The European Commission and the European Investment Bank (EIB) are launching a new €100 million fund to stimulate private investment in the bioeconomy, to help European bio-based companies gain ground in the race for capital.

EU Research Commissioner Carlos Moedas on Monday appealed for managers to run the new investment vehicle, called the ‘circular bio-economy investment platform’, as it looks to attract several sources of capital, including from banks, pension funds and venture capitalists to invest alongside member states.

The Commission will provide cornerstone investment for the fund, with money drawn from its current research programme, Horizon 2020.

Read full article on sciencebusiness.net

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