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EU: EIF invests EUR 45 million in OTB Fund II for finacing innovations in deep technologies

Description

On 24 November 2022, the European Investment Fund (EIF) invested EUR 45 million (USD 46.8 million) in the venture capital fund OTB Fund II, managed by OTB Ventures. The capital will be used by OTB Ven...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

24 Nov 2022

Revocation date

No revocation date

Implementation level

IFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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