Romania backs EUR 80 bln EIB fund for tech unicorns

14 July 2026 Romania and other EU states will support the launch of the new strategic innovation financing instrument through the European Investment Bank (EIB), which mobilizes up to EUR 80 billion to finance tech unicorns, interim finance minister Alexandru Nazare announced on Monday, July 13. The initiative is coordinated by the European Investment Bank (EIB) Group, through the European Investment Fund (EIF), and aims to help European technology companies more easily find the financing they need to grow and compete globally, according to Agerpres. A privately-owned company that surpasses a valuation of USD 1 billion is defined as a unicorn. The term was coined by venture capitalist Aileen Lee in 2013 to describe the rarity of such a business. Business automation company UiPath was the p