Poland: EIB lends up to EUR 10 million to Scope Fluidics to develop diagnostics equipment for infectious diseases

The European Investment Bank (EIB) has agreed to lend up to EUR 10 million to Scope Fluidics, a Polish medical technology company developing innovative products in the field of medical diagnostics.

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Provider: 
ECEC
URL: 
https://www.eib.org/press/all/2020-235-poland-eib-lends-up-to-eur-10-million-to-scope-fluidics-to-develop-diagnostics-equipment-for-infectious-diseaseshttps://www.eib.org/press/all/2020-235-poland-eib-lends-up-to-eur-10-million-to-scope-fluidics-to-develop-diagnostics-equipment-for-infectious-diseases
Retrieved on: 
Monday, September 7, 2020
Information
Tags: 
Articles, European Union, Multilateral development banks, Infectious diseases, European Investment Bank, Fluidics, Infection, Infectious disease, Pandemic
Summary
Key Points: 
  • The European Investment Bank (EIB) has agreed to lend up to EUR 10 million to Scope Fluidics, a Polish medical technology company developing innovative products in the field of medical diagnostics.
  • The EIB financing will support the companys efforts to develop new, efficient and affordable methods for detection of pathogens causing infectious diseases, including COVID-19.
  • Testing a broader range of infectious diseases may significantly increase the standard of care and the effectiveness of prevention of complications in the evolving pandemic.
  • The financing comes from a joint European Commission and EIB initiative the Infectious Diseases Finance Facility (IDFF) backed by the Horizon 2020, the EU Research and Innovation programme
    2014-2020.
  • By investing in this project, the Bank will provide a relevant contribution to the scientific advancement in the field of diagnostic equipment for infectious diseases, including COVID-19.
  • On behalf ofthe entire Scope Fluidics team, I would like to thank EIB for the trust of such an experienced institution - says prof. Piotr Garstecki, CEO of Scope Fluidics.
  • With this loan to Scope Fluidics the EU is making one step closer to finding solutions to fight the coronavirus pandemic.
  • Background information The InnovFin Infectious Diseases Finance Facility (IDFF) is a financial product dedicated to support the fight against infectious diseases.
  • Scope Fluidics SAis a hub that grows med-tech start-ups, each developing a radical solution to a challenge in global health.
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