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More press releases
Luxembourg: EIB backs Artec 3D’s cutting-edge RDI in 3D scanning technologies
The European Investment Bank and Luxembourg-based 3D scanning developer Artec 3D enter into a long-term partnership with €15 million committed to R&D support over the first three years. The EIB’s venture debt will enable Artec 3D to advance its next-generation 3D scanning technologies and algorithms for processing 3D data, thus supporting critical European technology and innovation. The investments that Artec 3D will pursue into new product and software development activities will also feature the use of AI. The R&D will take place primarily in Luxembourg and partially in Portugal. The EIB financing is supported by the European Commission’s InvestEU programme.
Luxembourg and EIB Global team up to help Small Island Developing States confront climate change
Luxembourg is joining forces with the European Investment Bank’s development arm (EIB Global) to pledge €5 million through the Luxembourg-EIB Climate Finance Platform (LCFP) to help Small Island Development States (SIDS) tackle climate change. The Government of Luxembourg is making the commitment to a new fund dedicated to the sustainable use of ocean resources – an area of activity known as the “blue economy” – and EIB Global is managing the contribution to ensure its optimal use.
EIB and the Luxembourg Space Agency join forces to enhance solutions for European Space for Finance
The European Investment Bank (EIB) and the Luxembourg Space Agency (LSA) announced today a collaboration to enhance the integration of European space applications in the financial sector, ultimately benefitting industries such as investment banking and insurance. Leveraging Europe’s strengths in Earth Observation and navigation applications, the Space for Finance initiative aims to improve financial services’ reporting and sustainability efforts through innovative satellite-based solutions. For example, satellites can regularly collect data about the environment and climate, helping companies track how their sites are performing, predict and manage risks, and easily compare results across different locations and businesses.