Google has recently announced that it is collaborating with the European Investment Fund and two other organizations from Asia as well as Latin America. The deal is offering roughly $75 million funds to the small and medium-sized businesses – which are suffering from the impact of the pandemic.
This funding is a part of the $800 million initiative and was announced back in 2020, in response to the COVID-19. The technology giant noted it would invest in two EIF capitals, provided that $15 million in loan capital to nearly 1,000 European SMBs and $10 million towards EIF’s venture capital fund backing.
Source: ETCIO
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