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Netherlands: EIC's innovation fund invests EUR 15 million in Magnitude Space BV

Description

On 30 March 2021, the European Innovation Council (EIC) pilot fund granted a EUR 15 million  (approx. USD 17.6 million) capital injection to Magnitude Space B.V., a Dutch satellite and communication s...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

30 Mar 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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