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Sweden: Europe’s fight against plastic pollution gets boost as EIB backs Swedish innovation packaging company PulPac
The European Investment Bank (EIB) is lending €20 million (around 220 million Swedish kronor) to Swedish sustainable-packaging company PulPac to tackle global plastic pollution. The EIB financing will support development and commercialisation of a fibre-based technology developed by PulPac as an alternative to single-use plastics.
Sweden: EIB backs DanAds to accelerate advertising technology to compete with tech giants
The European Investment Bank (EIB) is lending €21 million (around 230 million Swedish kronor) to Swedish software company DanAds to help small and medium-sized enterprises (SMEs) in Europe and beyond gain access to premium online advertising channels. The financing will enable DanAds to expand its operations and accelerate the development of automated, AI-driven advertising solutions. These technologies will allow advertisers, especially smaller ones, to purchase advertising directly from major publishers’ ad inventory – providing access to premium advertising space that were previously out of reach.
Spain: EIB finances Teknia with €30 million loan to support R&D investments for the European automotive sector
The European Investment Bank (EIB) and Teknia have signed a loan worth €30 million to finance the company’s research and development activities, and measures to apply them in manufacturing of components for the automotive sector. Teknia is a Spanish company present in 13 countries specialised in the manufacture of metal and plastic components for mobility solutions using a wide range of technologies.