#InvestEU represents some of the incredible initiatives and innovative projects that the European Union (EU) is supporting. To find out about what #InvestEU is and what kinds of projects it covers, read the previous Promoting Enterprise article. But what about some concrete examples about where this funding is going? What kind of innovation is going on in Europe? Promoting Enterprise has selected a few projects to highlight from across different sectors:
Quadrivium 1 is a €56.1 million seed fund launched in 2013 by French venture capital firm Seventure Partners. It supports high-potential start-ups in the life science – including bio, health and clean technology – and digital and robotic technology sectors. The aim of this project is to give startups extra support in the early stages so that their potential innovations are not lost due to financial issues, it also helps these startups gain recognition which is very useful when they are starting out.
Villach vocational school, Austria
Villach vocational school in Carinthia, Austria gives professional support to young people who have finished school but aren’t ready to take the next step. The aim of the school is to give youth aged from 21-24 additional support to develop core skills needed for the labour market. From traditional training in writing and arithmetic, to building of new media skills, the school provides opportunities to pursue a variety of vocational paths. Since early 2011, more than 220 people have completed its comprehensive support programme. The school is backed by the EU and Carinthia’s Social Ministry Service.
Jennewein: a biotech leader, Germany
12 years after founding Jennewein Biotechnologie in Rheinbreitbach, Germany, Managing Director Stefan Jennewein has reached a defining moment. His company is a leader in its field and with help from an EU-backed loan, it is expanding production, allowing it to safeguard jobs. This once small start-up aims to make the production of monosaccharides and oligosaccharides, in particular sugar molecules, easy and cost effective. This in turn will allow for further research into the health benefits of these sugars and potential product development.
Bees play a huge role in maintaining the balance of nature. Food production, biodiversity and environmental sustainability all depend on them. EU funding has helped Bulgarian company Bee Smart Technologies to develop a remote digital diagnostic and monitoring system for beekeeping. This enables beekeepers to breed more and healthier bees.
Follow the links to find out more about these projects and be sure to visit the Follow the links to find out more about these projects and be sure to visit the #InvestEU page and browse through all the other projects!