Idea Bank becomes national financial intermediary

Polish commercial lender Idea Bank has won the international competition to become the first national financial intermediary in the framework of the Horizon 2020 program. Nearly PLN 100 million of funding will be available for small and medium firms as well as for the so called midcaps with employment up to 499 people. The lender has already signed an agreement with the European Investment Fund. Horizon 2020 is the biggest EU Research and Innovation program ever with nearly €80 billion of funding available over 7 years (2014 to 2020) – in addition to the private investment that this money will attract. It promises more breakthroughs, discoveries and world-firsts by taking great ideas from the lab to the market.