Italian Rare Earth Recycling Startup RarEarth Secures €2.5M EIC Grant to Build First Production Plant

RarEarth, an Italian startup specializing in recycling rare earths from electronic waste, secured a 2.5 million euro grant from the European Innovation Council (EIC) and potential equity investment of up to 6 million euros. The funding will support the construction of its first production facility and advance its patented technology for producing high-performance magnets in Europe. The company, founded in 2023, aims to reduce reliance on imported rare earths and promote sustainable manufacturing.

Romania Launches Swiss-Backed SME Eco-Tech Platform to Finance Green Manufacturing Transformation

Romania launched the SME Eco-Tech platform on May 21, 2026, a Swiss-funded financing program with a budget of 288.8 million RON (54 million CHF) designed to support green and digital transformation of small and medium-sized manufacturing enterprises. The application period opens May 26, 2026, on a first-come, first-served basis, with funding through five partner banks. Minimum project value is 668,100 RON, with at least 40% of eligible expenses dedicated to green or digital investments.

Portuguese Development Bank Deploys €1.15 Billion in Storm Relief as Recovery Efforts Accelerate

Portuguese development bank BPF has disbursed 1.15 billion euros to 6,000 companies affected by devastating storms in January-February 2026, with plans to reach 2 billion euros in total support across 90 municipalities. The bank is also introducing new instruments for exports, investment, growth, and quality job creation.