censhare AG has been granted significant R&D funding from the European Investment Bank (EIB). Financing that was made possible by the support of the European Fund for Strategic Investments (EFSI).
EFSI is the central pillar of the Investment Plan for Europe, under which the EIB Group and the European Commission aim to act as strategic partners to boost the competitiveness of the European economy.
According to Ambroise Fayolle, Vice-President of the EIB responsible for Germany, “Supporting investment that is geared towards innovation, skills and greater competitiveness is part of our mission to foster sustainable growth and jobs in Europe.” He added that: “This, with the support of the Juncker-Plan, is our first transaction with censhare. I am delighted that we are partnering here with a company which is committed to continuous R&D investments in Europe.”
Stephan Wehselau, CFO, censhare AG, added “Our focus on European innovation has fuelled strong growth for us in 2017 across all of our international markets. This additional R&D investment marks the next step for our company as we look to accelerate this growth trajectory to becoming a leader in this market.”
This R&D funding follows the growth investment that censhare secured from Dumont Media Group earlier in the year.
You can read the full quotes and details of the transaction in this EIB Press Release.
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