* 200 SMEs and midcaps to benefit from the joint EBRD and EU programme
* Programme targets innovative businesses in Bulgaria, Latvia and Romania
* €20 million available for EBRD projects under the EU’s Horizon 2020
The EBRD and the EU have launched a new financing programme that supports investment in research and innovation by small and medium-sized enterprises (SMEs) and midcaps in Bulgaria, Latvia and Romania.
Launched at an event in in Bucharest today, the Horizon 2020 programme is offering up to 200 selected SMEs financial and advisory support.
The financing targets these three countries as they have some of the lowest scores on the EU’s innovation scoreboard, which assesses innovation capacities and outcomes. Innovation support represents a strategic growth opportunity for transition countries to switch towards knowledge-based and low-carbon economies.