Slovenia and Croatia backed by EIF launch technology transfer platform worth €40mn

Slovenia and Croatia backed by EIF launch technology transfer platform worth €40mn
By bne IntelliNews July 26, 2021

The Slovenian and Croatian development banks and the European Investment Fund (EIF) signed an agreement in Ljubljana on July 26 to set up a regional technology transfer platform worth at least €40mn for investment in technology transfer, the EIF announced.

This is the first ever multinational platform for technology transfer in the European Union.

Slovenia’s SID Banka and Croatian Bank for Reconstruction and Development (HBOR) joined forces with the EIF, which is part of the European Investment Bank Group, to launch the Central Eastern European Technology Transfer (CEETT).

The platform 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,the EIF said in the statement.

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.

The platform will be the first in Slovenia and Croatia to offer financial assets, including equities, for the commercialisation of scientific research and innovation on the market. It will allow universities and research institutes to reach the same level of use and commercialisation of scientific achievements in business as that seen in the economies of Western Europe.

The CEETT will be established with a €20mn contribution from the EIF and €10mn from both SID Banka and HBOR.

 

Related Articles

A1 launches Croatia’s second 5G network

Croatian telecom operator A1 launched its 5G offer after winning a holding of 5G-ready spectrum at an auction last week, the Developing Telecoms portal reported. The operator will deliver services ... more

Consolidated net profit of Croatia's Ericsson Nikola Tesla jumps three times y/y in 1H21

Croatian telecommunications equipment producer Ericsson Nikola Tesla (ENT) reported a consolidated net profit of HRK101.4mn (€13.5mn) for the first half of 2021, up three times year-on-year with as ... more

Dutch digital agency Dept acquires Croatian IT company Blazing Edge

Dutch digital agency Dept has taken over Croatian IT company Blazing Edge, aiming to make the country its regional business hub, Tportal reported on July 16. The value of the acquisition was not ... more

Dismiss