European Investment Fund makes first investment in Israel

The European Investment Fund (EIF), the venture arm of the European Investment Bank, has made its first equity investment in Israel, injecting up to $20 million into a fund being set up by Israel Cleantech Ventures.

“This is the first ever equity investment of the EIF in Israel,” chief executive Pier Luigi Gilbert said on the sidelines of a press conference held in Tel Aviv, announcing the investment. The fund is looking to invest similar amounts in two additional Israeli funds shortly, he said.

“As Start-Up Nation, Israel is at the forefront of innovation,” Gilbert said. The EIF investment marks a sort of a “quality brand” on the funds it invests in, allowing them to raise additional money from other investors.

The EIF’s main mission is to support Europe’s micro, small and medium-sized businesses by helping them to access finance through venture funding, guarantees and microfinance tools. The fund has a portfolio of 600 funds and private equity firms it has invested in, in Europe and around the world, totaling some 12-13 billion euros.

The investment in Israel is part of a financial backing program, InnovFin, set out by Horizon 2020, the Framework Programme for Research and Innovation (2014-2020) of the European Union.

related

Subscribe to EJC newsletter

Get EJC's bi-weekly newsletter, including the latest statements and news from the European Jewish communities, direct to your inbox.

European Jewish Congress will use the information you provide on this form to contact you. We will treat your information with respect and will not share it with others. By clicking Subscribe, you agree that we may process your information in accordance with these terms.

Statements

EJC expresses condemnation and concern after shooting which killed two outside Halle synagogue

EJC has expressed great concern and condemnation after two were killed in a shooting near a synagogue while the Jewish community was observing Yom Kippur in the eastern German city of Halle.

EJC President Moshe Kantor pays tribute to Serge Cwajgenbaum

EJC President Moshe Kantor pays tribute to Serge Cwajgenbaum z''l, who passed away on October 6th 2019.

Serge Cwajgenbaum z”l

EJC mourns the passing of our beloved founder and Secretary-General Serge Cwajgenbaum, z”l.

EJC welcomes first ever UN report on antisemitism, but says there is still much work to do

EJC has welcomed the publication of the first ever United Nations report on antisemitism. The report was published in conjunction with the U.N. Special Rapporteur on Freedom of Religion of Belief Ahmed Shaheed.