EIB and LIFTT launch €100 million initiative for Italian innovation

12 Sep, 2024

EIB and LIFTT launch €100 million initiative for Italian innovation

The European Investment Bank (EIB) and Italian venture capital firm LIFTT have announced a groundbreaking €100 million initiative to boost Italian business innovation. This significant investment involves the creation of a joint stock company named LIFTT EuroInvest, with both EIB and LIFTT each committing €50 million. The new entity aims to make 20 to 30 equity investments in Italian startups, small and medium-sized enterprises (SMEs), and mid-caps.

The focus will be on key sectors such as life sciences, deeptech, and cleantech, supporting not only technological advancements but also promoting sustainable growth. The initiative is set to reduce the environmental footprint of beneficiary companies and foster technological innovation.

EIB Vice-President Gelsomina Vigliotti emphasized the importance of this partnership in bridging Europe's technological gap and fostering innovation. LIFTT Chairman Stefano Buono highlighted the collaboration's role in increasing the competitiveness of Italian and European companies by investing in high value-added sectors.

This partnership reflects a strong commitment to driving progress and creating high-skilled jobs, with a broader goal of contributing to Italy's and Europe's economic development. The EIB's long-standing support for Italian projects and LIFTT's focus on ESG principles underscore the significance of this initiative in advancing technological and environmental transitions.