Celeris Therapeutics to receive €12.5M in funding from the European Innovation Council

More details at: https://www.einpresswire.com/article/596690196/celeris-therapeutics-to-receive-12-5-million-euros-in-funding-from-the-european-innovation-council

About i&i Bio i&i Bio is a Luxembourg-based venture capital firm investing in innovative European life sciences companies specializing in drug discoveries, medical devices, diagnostics, and digital health. The fund, created through a collaboration between the biotech incubator i&i Prague and the European Investment Fund (EIF), manages over €53 million and aims to invest in approximately 20 early-stage companies. Led by a team with extensive experience in private equity, healthcare, and venture capital, i&i Bio supports entrepreneurs in achieving global success. The fund’s main sponsor, i&i Prague, plays a crucial role in advancing transformative Central European technology companies

The Fund is supported by an investment from the European Investment Fund (EIF), with the support of:

• lnnovFin Equity, with the financial backing of the European Union under Horizon 2020 Financial Instruments and the European Fund for Strategic Investments (EFSI) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing; and

• the Pan-European Guarantee Fund (EGF), implemented by the EIF with the financial support of the Participating Member States. The objective of EGF is to respond to the economic impact of the COVID-19 pandemic by ensuring that companies in the Participating Member States have sufficient short-term liquidity available to weather the crisis and are able to continue their growth and development in the medium to long-term.