Romania’s BID joins EIF-led regional innovation fund with EUR 20 mln commitment

The Romanian Investment and Development Bank (BID) has joined the Three Seas Initiative (3SI) Innovation Fund with a EUR 20 million commitment, becoming the fifth national promotional institution to back the EIF-led instrument. The fund, which backs growth-stage companies across Central and Eastern Europe, has now reached EUR 100 million in national contributions from Romania, Poland, Czechia, Hungary, and Croatia.

The European Investment Fund (EIF), part of the EIB Group, plans to match these commitments and aims to mobilise at least EUR 1 billion for private equity, venture capital, and private credit investments targeting companies across the region between the Baltic, Black, and Adriatic seas.