The European Investment Bank (EIB) is expected to unveil a major new initiative this Friday, committing €70 billion to bolster Europe’s technology sector between 2025 and 2027, according to EU officials.

Dubbed “Tech EU,” the program is designed to strengthen Europe’s position in the global tech race, helping it compete more effectively with the United States and China in critical areas such as clean energy and digital innovation.

As the world’s largest multilateral lender—with a balance sheet of €556 billion—the EIB anticipates that its €70 billion investment will attract an additional €250 billion in private funding. This would bring the total potential capital mobilized to €320 billion, thanks to growing investor interest in EIB-backed projects.

The planned funding will be structured as follows:

€20 billion in equity and quasi-equity
€40 billion in loans
€10 billion in guarantees

This initiative is meant to complement the European Commission’s ongoing support for high-risk and innovative ventures, covering the full investment lifecycle—from early-stage proof of concept through to IPOs.

Key focus areas for the EIB under Tech EU will include supercomputing, artificial intelligence, digital infrastructure, critical raw materials, green tech like offshore wind, healthcare, security and defence technologies, robotics, and advanced materials.

With this strategic investment, the EIB aims to accelerate Europe’s technological sovereignty and innovation leadership over the next three years.

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