The European Investment Bank plans to announce a significant investment of 70 billion euros aimed at supporting the development of European technology firms over the next three years. This ambitious initiative comes as EU officials recognize the growing importance of technology in driving economic growth and innovation. By focusing on tech startups and established companies, the EIB aims to foster a robust environment for tech innovation across Europe. This funding aligns with EU strategies to enhance competitiveness in the global digital economy and create high-quality jobs. While specific details about the allocation and guidance on applications are expected to follow, the announcement underscores a renewed commitment to ensure the technology sector thrives. Stakeholders eagerly await the official announcement, expected on Friday, which will outline how this funding will support European firms in navigating challenges and market dynamics.