Published by Global Banking & Finance Review®
Posted on July 22, 2025
1 min readLast updated: January 22, 2026
Add as preferred source on GoogleThe EU has approved €403 million in funding to boost medical device innovation, aiming to unlock €826 million in private investments and create 800 jobs.
BRUSSELS (Reuters) -The European Commission approved on Tuesday up to 403 million euros ($471 million) in public funding for 10 mostly small and medium-sized companies in a bid to support innovation in medical devices.
The funding is expected to unlock an additional 826 million euros ($966 million) in private investments to the companies, the commission said in a statement.
The commission said the projects are expected to create around 800 jobs and will include the introduction of new digital and artificial intelligence features in medical devices.
($1 = 0.8548 euros)
(Reporting by Makini Brice; Editing by Benoit Van Overstraeten)
The European Commission approved up to 403 million euros ($471 million) in public funding for 10 companies.
The funding is expected to unlock an additional 826 million euros ($966 million) in private investments.
The projects funded are expected to create around 800 jobs.
The projects will include the introduction of new digital and artificial intelligence features in medical devices.
The article was reported by Makini Brice and edited by Benoit Van Overstraeten.
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