Romania secures 80 billion euros for technology innovation

Romania is set to attract a remarkable 80 billion euros for technology, marking a significant step forward in supporting innovative firms. This bold move is part of the second phase of the European Investment Bank's initiative, Champions of European Technology, which aims to raise up to 15 billion euros for investment.

The total investments will benefit over 1,500 innovative companies, providing them with the capital needed to grow and compete on a global scale. Nadia Calviño, President of the European Investment Bank, emphasized that this partnership focuses on scale and speed, ensuring that European pioneers have access to the resources they need for development.

Alexandru Nazare, Romania's Minister of Finance, expressed pride in Romania's role, stating that the country was among the first to support the initiative. He believes that Europe must enhance its ability to support innovative companies with scaling potential, which is crucial for competing in global markets.

By participating in this initiative, Romania not only facilitates access to development capital for tech companies but also strengthens the European investment fund ecosystem. This commitment enhances the national innovation ecosystem and positions Romania as a credible partner in building the next generation of European technology champions.

The project is expected to be finalized by the second half of 2026, with the European Investment Bank allocating up to 1.25 billion euros to the fund. This program also supports European mega-funds and mid-growth funds exceeding 300 million euros, with contributions from various financial institutions, including Danske Bank, AltamarCAM, Banco Santander, BBVA, Azimut Holding, Green Arrow Capital, and the Compagnia di San Paolo Foundation.