'Eurotech Capital' label

Eurotech Capital scheme

Holders of the label, who form a Europe-wide network, are entitled to: - receive a financial contribution for investments in transnational high- technology projects in the form of Community participation up to a maximum of 990 000 ecus, provided the investment company undertakes to conduct at least 20% of its operations in high-technology development projects involving an overall investment of at least 25 million ecus; - have preferential access to "Eurotech Project-Invest", which is a system for identifying transnational high-technology projects seeking venture-capital funding; - have access to the "Eurotech Data" service, which gathers Europe-wide information on the technological level, markets and economic situation of a given product; ...[+++] - have preferential contacts with the other holders of the Eurotech Capital label with project promoters.

Those awarded this label: - have preferential access to a data base containing information on the main transnational high-technology projects; - have access to the "Eurotech data" base, which collects European data on technology and markets; - can benefit from contacts with other companies awarded the "Eurotech Capital" label; and - receive funding for investments in transnational high-technology projects.

Under the authority of Commissioner Van Miert, the Directorate-General for Credit and Investments (DG XVIII) today signed an agreement with the Managing Director of Crédit Lyonnais awarding the "Eurotech Capital" label to a French company on behalf of the Commission.

The "Eurotech Capital" label, already awarded to two Italian financing companies, is intended to promote the development of transnational European projects in the field of high technology.