EIB, LIFTT announce €100m to boost Italian business innovation

The European Investment Bank (EIB) and Italian venture capital firm LIFTT have launched a €100 million initiative to boost equity investments in innovative companies.

The agreement, announced in Rome, involves the creation of a joint stock company, LIFTT EuroInvest, with each party investing €50 million.

LIFTT EuroInvest plans to make 20 to 30 equity investments in Italian startups, SMEs, and mid-caps in sectors like life sciences, cybersecurity, deeptech, and cleantech. The initiative aims to support technological innovation and sustainable growth by reducing the environmental impact of beneficiary companies.

Vigliotti emphasised that the partnership will bridge Europe’s technological gap, create highly skilled jobs, and enhance competitiveness.

Buono highlighted LIFTT’s expertise and the shared commitment to fostering a sustainable and innovative future. The initiative is expected to have a significant socioeconomic impact, supporting the technological and environmental transitions in key industries.

Attribution: The European Investment Bank (EIB)

Subediting: M. S. Salama