Global Trade Alert
Global Trade Alert

Austria: EIB provides financing to Innovacell to support to support development of cell therapies for treatment of incontinence

Announcement

21 Dec 2021

On 21 December 2021, the EIB provided financing worth EUR 15 million (USD 17 million) to support Austrian company Innovacell's development of personalised cell therapies for the treatment of incontinence.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

21 Dec 2021

Revocation date:

No revocation date

Announced: 21 Dec 2021
State loan In force
The EIB's EUR 15 million (approx. USD 17 million) loan with Innovacell signed on 21 December 2021 was backed by the European Guarantee Fund (EGF). The EGF was created in April 2020 by the Eurogroup (...
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Announced: 21 Dec 2021
State loan In force
On 21 December 2021, the European Investment Bank (EIB) and Austrian company Innovacell Ag signed an agreement worth EUR 15 million (approx. USD 17 million) to support Innovacell's development of pers...
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