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Global Trade Alert

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France: EIC's innovation fund invests EUR 15 million in CorWave

Description

On 6 January 2021, CorWave received EUR 15 million (approx. USD 18.5 million) from the European Innovation Council (EIC) fund. This represents the first investment of the EIC fund in the company’s cap...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

06 Jan 2021

Revocation date

No revocation date

Implementation level

Supranational

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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