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Norlase secures €20 million EIB venture debt to advance ophthalmic laser technology.

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  • Denmark’s med-tech sector receives a boost as Norlase strengthens its position in the global ophthalmic laser market with EIB venture debt financing.
  • Norlase will employ the funding for the further development and market access of its innovative portable ophthalmic laser technology.
  • The EIB’s financing is backed under the European Commission’s InvestEU initiative.

Med-tech company Norlase, a spin-out of the Technical University of Denmark (DTU), has signed a €20 million venture debt financing with the European Investment Bank (EIB). The funding will support the expansion of Norlase’s innovative ophthalmic laser technology, reinforcing Denmark’s position as a hub for world-class med-tech innovation. Ensuring that European companies developing critical technology have the possibility and funding to grow in the EU, is an important building block in European strategic autonomy. The EIB financing is supported by the European Commission’s InvestEU programme.

“Denmark’s efforts in building up its bio- and med-tech ecosystem are definitely paying dividends today. Like other Danish companies we recently financed, Norlase’s technology is top of its class and a real example of excellence in European innovation.” said EIB Vice-President Ioannis Tsakiris. “With the support of InvestEU, the EIB finances projects that advance state-of-the-art medical treatment, and this funding aims to enhance the position of Norlase as a European med-tech champion.”

“As the patient burden continues to grow, the need to accelerate technological innovation in eye care has never been greater. With four product launches in just five years and rapid adoption by the ophthalmic community, Norlase is leading this transformation,” said Norlase CEO and Co-founder Oliver Hvidt. “This funding from the EIB allows us to scale our global presence and push even further beyond the limits of existing technology, solidifying Norlase’s role as a leader in the future of eye care. We’re just getting started.”

The Head of the European Commission Representation to Denmark, Per Haugaard, added: “It’s crucial that European companies develop critical technology and that we secure investments in med-tech companies like Norlase across the continent.”

On a technical level, the financing will support the development and market access of Norlase’s innovative portable ophthalmic lasers, designed to diagnose and treat causes of vision loss and blindness. The project focuses on advancing novel ophthalmic laser technologies and expanding production facilities to support increased demand. The company recently launched its fourth and most innovative device, LYNX, which can reduce treatment time by more than 50%, setting new standards for efficiency, accessibility, and precision in ophthalmic laser treatments.

Background information

The European Investment Bank is the long-term lending institution of the European Union, owned by its Member States. It finances investments that contribute to EU policy objectives. EIB projects bolster competitiveness, drive innovation, promote sustainable development, enhance social and territorial cohesion, contribute to peace and security, and support a just and swift transition to climate neutrality. The Group’s AAA rating allows it to borrow at favourable conditions on the global markets, benefiting its clients within the European Union and beyond. The Group has the highest ESG standards and a tier one capital ratio of 32%.

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The InvestEU programme provides the European Union with crucial long-term funding by leveraging substantial private and public funds in support of a sustainable economy. It helps generate additional investments in line with EU policy priorities, such as the European Green Deal, the digital transition and support for small and medium-sized enterprises. InvestEU brings all EU financial instruments together under one roof, making funding for investment projects in Europe simpler, more efficient, and more flexible. The programme consists of three components: the InvestEU Fund, the InvestEU Advisory Hub, and the InvestEU Portal. The InvestEU Fund is implemented through financial partners who invest in projects using the EU budget guarantee of €26.2 billion. This guarantee increases their risk-bearing capacity, thus mobilising at least €372 billion in additional investment.

Norlase was founded in Denmark to commercialize patented laser technology developed at the Technical University of Denmark (DTU) and its products are now in use in the top ophthalmic hospitals globally.

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World NGO Day: Statement by the EEAS Secretary General Belén Martínez Carbonell

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Civil society is the beating heart of democracy, its pulse sustaining freedom and amplifying the voices of citizens. Civil society organisations build bridges where divisions threaten to take hold, fostering trust within communities and between states. Across the world, they drive progress toward more just and inclusive societies, advancing peace, sustainable development and human rights.

Yet today, this very foundation of democracy is at risk. Civil society workers and human rights defenders face online and offline attacks including surveillance, legal persecution and violent repression. Laws designed to silence dissent impose funding restrictions and bureaucratic hurdles, making it ever harder for civil society to operate. Peaceful protests are too often met with excessive force. Meanwhile, autocratic regimes increasingly expand their reach beyond borders, silencing dissenting voices through transnational repression. Time and again, civil society is unjustly labelled as foreign agents or enemies of the state as a deliberate tactic to erode trust in their work.

The European Union stands firm in its commitment to protect and support civil society everywhere. We will continue to speak out against repressive measures and deploy all diplomatic and financial tools to protect the fundamental freedoms that enable civil society to thrive – the freedom to associate, assemble peacefully and express views freely.

A resilient civil society is democracy’s strongest shield against authoritarianism. Their courage lights the way – our duty is to ensure that their voices are never silenced. On this day, we reaffirm our unwavering support for those who risk their safety to defend our rights.

Background

The EU adopted the Global Europe Civil Society Organisations (CSOs) programme worth €1.5 billion for the period 2021-2027 under NDICI-Global Europe. This initiative provides financial support to civil society organisations outside the EU.

In 2024, the EU partnered with a consortium of nine CSOs to launch the EU System for an Enabling Environment for Civil Society (EU SEE). With a budget of €50 million, the initiative will monitor and support civil society across 86 countries by implementing an early warning system, which can trigger flexible financial assistance to enhance resilience and respond swiftly to changes in the civic space.

The EU has also established nine framework partnerships to advance the freedoms of association, assembly and expression. Four projects for a total of €27 million are already underway, aiming to empower civil society to advance human rights and defend democracy, including through the protection of independent media.

The Team Europe Democracy initiative, worth €19 million, brings together 14 Member States and the EU to foster a coordinated and strategic European response in support of democracy, in cooperation with civil society, think tanks and international organisations, with an important component on fostering civic and political participation.

The EU also continues to support ProtectDefenders.eu, which has assisted over 80,000 at-risk human rights defenders and their families since its creation in 2015. This mechanism takes a comprehensive approach, offering direct assistance, temporary relocation, training, capacity development and advocacy. In 2024 alone, ProtectDefenders.eu provided support to more than 10,000 high-risk defenders, 56% of whom were women.

Fostering an enabling environment for civil society is also a key component of enlargement policy. Through the Instrument for Pre-accession Assistance (IPA III), the EU has allocated over €350 million for civil society and media in the Western Balkans and Türkiye between 2021 and 2025. Additionally, under the NDICI Thematic Programmes for Human Rights and Democracy and Civil Society Organisations, the EU has committed €200 million to civil society actors in pre-accession countries and the Eastern Neighbourhood. Furthermore, through NDICI geographic actions supporting the Eastern Neighbourhood, the EU has dedicated €250 million over the same period to support civil society and independent media.

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Renovated hospital and preschool open in Lviv Oblast with EU bank support

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  • Lviv’s St Luke’s Hospital has been upgraded to provide better medical care and a more resilient environment for patients, visitors and healthcare workers amid wartime challenges.
  • Preschool No.7 in Truskavets has been renovated to improve energy efficiency to provide a stable learning space for children and educators, including those displaced by the war.
  • These projects are part of the Ukraine Early Recovery Programme, aimed at rebuilding essential social infrastructure in Ukrainian communities.

As Ukraine marks three years of Russia’s full-scale war, the European Union continues to support the reconstruction of the country’s vital infrastructure. Two public buildings in Lviv Oblast – St Luke’s Hospital in Lviv and preschool No.7 “Dzvinochok” in Truskavets – have officially opened after renovations. Supported by the European Union and its financial arm, the European Investment Bank (EIB), these projects are part of the broader Ukraine Early Recovery Programme that funds the restoration of essential social infrastructure, including schools, hospitals, water and heating systems and social housing. As war-affected communities continue to face immense challenges, these investments help ensure access to critical services and create more resilient spaces.

Lviv’s St Luke’s Hospital, a key emergency and specialised care centre, has undergone a €940 000 renovation to improve services for its 50 000 annual patients. Home to western Ukraine’s largest burn unit, it plays a crucial role in treating severe injuries. The upgrades, in particular facade insulation and energy efficiency improvements, enhance the hospital’s resilience while creating a more comfortable space for patients, including internally displaced persons.

A €330 000 renovation of preschool No.7 “Dzvinochok” in Truskavets, Lviv Oblast, has created a more energy-efficient and welcoming learning space for pupils including for children displaced by the war and for staff. The project significantly increased the appeal of the building, while increasing its energy efficiency and reducing energy costs. With improved insulation the preschool is now more resilient and sustainable.

In Lviv Oblast, two facilities have already been renovated and six are undergoing reconstruction under the EIB recovery programmes, with a total investment of over €15 million. This includes six educational institutions and two medical facilities, improving access to education and healthcare in the region.

EIB Vice-President Teresa Czerwińska, who is responsible for the Bank’s operations in Ukraine, said: “From day one of Russia’s full-scale war and throughout these three difficult years, the EIB has stood by Ukraine, providing vital support to help the country withstand, recover and rebuild. The reopening of renovated hospital and school in Lviv Oblast is a testament to this ongoing effort, bringing tangible improvements to people’s daily lives.”

EU Ambassador to Ukraine Katarína Mathernová said: “Every rebuilt hospital, school, and kindergarten sends a clear message: the EU stands firmly with Ukraine. Together with the EIB, we are not only helping to repair what has been damaged but also laying the foundations for a stronger, safer Ukraine that is ready to thrive as part of the EU.”

Deputy Prime Minister for Restoration of Ukraine – Minister for Development of Communities and Territories of Ukraine Oleksii Kuleba said: “Together with the EIB, EU Delegation and UNDP, we are modernising outdated and war-damaged infrastructure across Ukraine. Millions of Ukrainians already benefit from renovated schools, hospitals and kindergartens. We have recently launched the first phase of the Ukraine Recovery III programme, paving the way for additional impactful initiatives that will enhance communities and improve the lives of Ukrainians thanks to the EU support.”

Minister of Finance of Ukraine Sergii Marchenko said: “Rebuilding Ukraine’s infrastructure is crucial for strengthening resilience and improving living conditions for our people. With the support of the EU, we are delivering critical projects that enhance healthcare, education and public services. The three EIB-backed recovery programmes, worth €640 million, play a key role in this effort, helping communities rebuild and move forward despite ongoing challenges.”

Head of the Lviv Oblast Military Administration Maksym Kozytskyi said: “The EU bank’s investment in Lviv Oblast is strengthening our region’s infrastructure at a critical time. With many communities hosting large numbers of displaced people, improving healthcare, education and essential services is more important than ever. These projects help ensure that our cities and towns remain functional, resilient and able to meet the needs of all who live here.”

Mayor of Lviv Andriy Sadovyi said: “Restoring and strengthening our city’s infrastructure is essential to supporting both our residents and those who have found refuge here due to the war. With the support of the EU, we are rebuilding vital facilities to ensure Lviv remains a city of resilience, opportunity and hope. Today, we inaugurated a renovated hospital, with many other projects underway to improve daily life and build a stronger future for our community.”

Mayor of Truskavets Andriy Kulchynsky said: “We are grateful to the EU for this investment in our community. The renovation of Preschool No.7 creates a warm, modern and energy-efficient space where our children can learn and grow.”

UNDP Resident Representative to Ukraine Jaco Cilliers said: “Behind every rebuilt hospital and renovated school, we see renewed hope for Ukrainian families and communities. UNDP’s partnership with local authorities isn’t just about infrastructure – it’s about restoring essential services that affect people’s daily lives. Working alongside the EU and EIB, we’re helping transform technical recovery projects into tangible improvements for children seeking education, patients needing care and citizens rebuilding their futures.”

Background information

EIB in Ukraine

The EIB Group has been supporting Ukraine’s resilience, economy and efforts to rebuild since the very first day of Russia’s full-scale invasion. In 2024, the Bank supported projects aimed at securing Ukraine’s energy supply, repairing critical infrastructure that has been damaged, and ensuring that essential services continue to be delivered across the country. This brings the total amount of aid the EIB has disbursed since the start of the war to over €2.2 billion.

EIB recovery programmes in Ukraine

Renovations of a hospital and kindergarten in Lviv Oblast were carried out under the Ukraine Early Recovery Programme (UERP), a €200 million multisectoral framework loan from the EIB. Overall, the Bank finances three recovery programmes, totalling €640 million, which are provided as framework loans to the government of Ukraine. Through these programmes, Ukrainian communities gain access to financial resources to restore essential social infrastructure, including schools, kindergartens, hospitals, housing, heating, and water systems. These EIB-backed programmes are further supported by €15 million in EU grants to facilitate implementation. The Ministry for Development of Communities and Territories of Ukraine, in cooperation with the Ministry of Finance, coordinates and oversees the programme implementation, while local authorities and self-governments are responsible for managing recovery sub-projects. The United Nations Development Programme (UNDP) in Ukraine provides technical assistance to local communities, supporting project implementation and ensuring independent monitoring for transparency and accountability. More information about the programmes is available here.

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Commission presents plan for competitiveness and decarbonisation in the EU

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