This is a clear example of a strong European Health Union in action to better protect the health of our citizens.” Together with the European Investment Bank, HERA Invest will attract additional private and public investment and provide European companies with the certainty needed to invest in ground-breaking innovation to address priority health threats. Interested companies can find more information here, get in touch directly with EIB or through HERA.Ĭommissioner for Health and Food Safety, Stella Kyriakides, said: “With HERA Invest, we are investing €100 million in advancing research and development to design new innovative medical countermeasures to step up our preparedness for future health threats. The EIB assesses whether an operation is eligible based on defined criteria and the project’s commercial and scientific viability. Under HERA Invest, the European Investment Bank (EIB) will provide venture loans, covering a maximum of 50% of total project costs.

Chemical, biological, radiological and nuclear threats originating from accidental or deliberate release.

Pathogens with pandemic or epidemic potential.

The HERA Invest funding instrument is geared towards small and mid-sized companies (SMEs) that develop medical countermeasures addressing one of the following health threats:

creating new medical countermeasures to protect against health threats.

leveraging public funding to incentivise private investment.reducing market failures, where financial resources do not cover the financing needs.promoting R&D in Europe to strengthen strategic autonomy.HERA Invest, a flagship initiative of the European Health Emergency Preparedness and Response Authority, will focus on health emergency prevention and preparedness, helping address these challenges by: Innovation is needed to respond to priority health threats such as pathogens with high pandemic potential or resistance to antibiotics. Currently, European companies find it difficult to access sufficient public and private funding for the development and scaling up of cutting-edge solutions in health and life sciences. Today, the Commission and the European Investment Bank announce the creation of HERA Invest, a € 100 million top-up to the InvestEU programme, to support research and development (R &D) in the most pressing cross-border health threats, financed by the EU4Health programme. HERA Invest will enable the EIB to finance advanced research and development (R&D) of medical countermeasures and new technologies to tackle the most acute health threats facing the European Union.The European Commission and the European Investment Bank (EIB) have signed an agreement to establish HERA Invest, a €100 million guarantee to support investments in the health sector.“The governor’s office will of course review the legislation to assure there are no issues in the language that would unnecessarily inhibit actions by future governors.

“We look forward to moving to the next phase in our COVID response,” Faulk wrote.

Mike Faulk, a spokesperson for Inslee, questioned the necessity of the bill and said in an email that “the vote did not change in any way the governor’s emergency orders.” “It allows the majority to do exactly what has been done for two years, which is nothing.”Īccording to the National Conference of State Legislatures, more than two dozen states have bills pending that look for direct legislative involvement in or oversight of certain gubernatorial or executive actions during emergencies, with many of them bills that are carried over from last year. “This bill does not fix the problem,” Republican Sen. Republicans argued that the underlying bill doesn’t do much, and unsuccessfully sought two floor amendments, including one that would have orders issued by the governor prohibiting certain activities expire after 90 days unless at least three of the four legislative leaders extended them.

The biggest complaints from Republicans, the minority party in both chambers, have stemmed from the broader powers the governor has used during the pandemic, which has included limits on gatherings, vaccination requirements for state and health care workers and a statewide indoor mask mandate.

Emergency senate session