Denmark-based Demant A/S, a company that covers all areas of hearing healthcare, announced on Friday, November 4, that it has received a loan of €115M from The European Investment Bank (EIB).
Demant says that the funds will be used in the R&D of high-tech, innovative hearing products, assisting people with hearing issues worldwide. The aim is to relieve challenges associated with living with hearing loss and resulting in a better quality of life and increased social inclusion. The R&D project will take place in Denmark and Poland.