28/07/2020 (Agence Europe) – The European Commission and the European Investment Fund (EIF) announced on Tuesday 28 July the launch of a new €100 million equity financing facility for innovative technology companies. Known as the ‘Recovery Equity Facility for Innovative Technology’ (RE-FIT), this initiative aims to provide additional investment capacity to existing fund managers under the 'Equity Infusion' component of the ‘InnovFin Equity’ facility to further support companies in these managers’ portfolios that are affected by the Covid-19 crisis. In addition, the Commission and the EIF have developed a package of measures to support the venture capital market with a view to providing additional liquidity to European SMEs. All these new measures are part of InnovFin under the Horizon 2020 programme. (DG)