The European Investment Fund (EIF) and Fraunhofer have joined forces to establish a joint technology transfer fund in Germany. With the aim of commercializing the intellectual property generated from the 72 thematic Fraunhofer Institutes across Germany. The Fraunhofer Tech Transfer Fund under the European Commission’s InnovFin programme launched with a total volume of 60 million euros. It is supported by the European Fund for Strategic Investments (EFSI), the financial pillar of the Investment Plan for Europe, or "Juncker Plan". The European Investment Bank (EIB) announced on 26 February that it is providing EUR 15 million to Marinomed Biotech AG, a Vienna-based biopharmaceutical company that develops innovative therapies for allergy, respiratory and eye diseases, and the EIF and Capitalia concluded a EUR 10 million agreement on 25 February to support small businesses in the Baltic countries. The EIB granted a loan of 50 million euros on 19 February to the Lyon-based company KEM ONE, intended to finance part of its investments in the modernization of industrial tools and research and development. In Portugal on 18 February, the EIF and Banco Comercial Português (Millennium bcp) signed two agreements under the COSME and InnovFin programmes for a total investment of EUR 900 million that will support nearly 2,000 small businesses. On 18 February, the EIB granted a EUR 180 million loan to SNF Group, a world leader in water chemistry, to support the group’s R&D program as well as construction of a new factory in Gravelines, at the port of Dunkerque. The EIB also signed a EUR 100 million loan agreement with the Fnac Darty Group to finance the group’s digital transformation investments.