Advisory, grants and financial instruments · Brings together funding for innovative researchers....
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EXPLOITATION OF H2020 RESULTS Advisory, grants and financial instruments 3 October 2018 INEA Alan Haigh Filipa Vieira Matias, Gabriel Mialocq, Gauthier Clar
Transcript of Advisory, grants and financial instruments · Brings together funding for innovative researchers....
EXPLOITATION OF H2020 RESULTS
Advisory, grants and financial instruments
3 October 2018
INEA
Alan HaighFilipa Vieira Matias, Gabriel Mialocq, Gauthier Clar
Several forms of Financial support are available to help projectscoordinators and projects participants to develop a good exploitationplan and a sound exploitation strategy:
• Advisory: Obtain advice from various players on the best way to continue the project's development
• Grants: get another complementary round of funding (grant) in order to finalise the project's product/innovation
• Financial instruments: explore (EU) financial instruments or other market-based instruments (loans and equity) to help the company owning the innovation grow and develop
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Exploitation and Advisory Tools
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EARLY
STAGES
FULL
DEVELOPMENT
FINAL
STAGES
European Investment
Project Portal (EIPP)
European Innovation
Council (EIC)
PROJECT
PHASE
TECHNOLOGY READINESS LEVEL
Exploitation and Advisory Tools
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Exploitation and Advisory Tools
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Manager DG RTD
PurposeAdvisory services including: Portfolio Dissemination & Exploitation Strategy; Business Plan Development; Go-to-Market Support.
Type of
promoterH2020 stakeholders and projects
Sector/Type
of projectsAll projects from FP 7 and H2020
Eligibility
criteriaApplication must originate from a project funded under FP7 or H2020, ongoing or closed.
General website: https://ec.europa.eu/research/participants/data/ref/h2020/other/comm/190906_d-e-booster_en.pdf
Application: https://ec.europa.eu/eusurvey/runner/DE-Booster-Service-Request
Innovation Radar
Exploitation and Advisory Tools
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Manager DG RTD (although developed by DG CNECT)
PurposeIt is intended to be a showcase for investors of projects with high innovation potential. Innovation Radar attributes annual prizes to project, under different categories.
Type of
promoterAll projects with (some) results/innovation oriented to market.
Sector/Type
of projectsAll projects from H2020
Eligibility
criteriaHave a grant signed under H2020
Website: https://ec.europa.eu/digital-single-market/en/innovation-radar
Support Services for Exploitation of Research Results
Exploitation and Advisory Tools
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Manager DG RTD
PurposeAdvisory services including: Project Risk analysis; Exploitation strategy Seminars; Business Plan Development; Assistance for Patenting; Brokerage events; Ad Hoc Assistance.
Type of
promoterProjects in Energy field (ongoing and finished)
Sector/Type
of projectsAll projects from H2020 Energy
Eligibility
criteriaHave a grant signed under H2020
Website: http://sserr.meta-group.com/SitePages/default.aspx
Exploitation and Advisory Tools
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Manager DG GROW
Purpose
Advisory services which includes: -advice for international growth: expert advice for growth and expansion into international markets-support for business innovation: solution-driven services to help turn innovative ideas into international commercial successes.
Type of
promoterAny European company.
Sector/Type
of projectsAny sector
Website: https://een.ec.europa.eu/
Manager Grant Agreement No 641474
PurposeOffers free-of-charge, first-line support – advisory and training - on IP matters to beneficiaries of EU-funded research projects and EU SMEs involved in transnational partnership agreements.
Type of
promoterEU-funded research projects and EU SMEs
Sector/Type
of projectsAll
Eligibility
criteriaN/A
Website: https://www.iprhelpdesk.eu/
Exploitation and Advisory Tools
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Manager EIB
PurposeImprove the bankability and investment-readiness of large, complex, innovative projects that need substantial long-term investments.
Type of
promoterAll promoters (private, public and semi-public)
Sector/Type
of projectsInnovative sectors covered by H2020
Eligibility
criteriaProjects > EUR 15 million R&I investment, fit the policy objectives of H2020 and not yet be mature for financing appraisal
Website: http://www.eib.org/products/advising/innovfin-advisory/index.htm
Contact: [email protected]
Exploitation and Advisory Tools
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Manager EIF (effectively part of European Investment Bank)
PurposeTechnical Assistance for Project Development (via funding of feasibility/market studies, business plans and financial structuring…)
Type of
promoterPublic and private project promoters
Sector/Type
of projects-Energy projects (energy efficiency, distributed renewable urban)-Transport projects (urban transport)
Eligibility
criteria
Project >30 M€ over 3-4 years. Non-Eligible: stand-alone RES projects and long distance Transport Infrastructure. Technical Assistance provider has to be accepted by EIB
Website: http://www.eib.org/products/advising/elena/index.htm
Contact: [email protected]
ELENAEuropean Local Energy Assistance
Exploitation and Advisory Tools
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European Investment Project Portal (EIPP)
Exploitation and Advisory Tools
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Manager European Commission (Hosted by the ECFIN website)
Purpose
Showcase platform to increase projects visibility to a large network of international investors. Projects may choose to provide their details to this portal.
Type of
promoterAny company
Sector/Type
of projects
All projects with (some) results/innovation oriented to market in the fields of: Knowledge and digital infrastructure; social infrastructure; energy union; resource and environment; transport; industry for SMEs and Mid Caps.
Eligibility
criteriaNot specified
Website: https://ec.europa.eu/eipp/desktop/en/index.html
Manager EIB
PurposeOffer a single access point to advise projects (project development, financial advice, guidance and trainings) to strengthen Europe's investment and business environment.
Type of
promoterProject promoters, public authorities or private companies
Sector/Type
of projectsRDI, energy sector, transport, SMEs and Midcaps, ICT, environment and resource efficiency, human capital, culture and health
Eligibility
criteriaNot specified
Website: http://eiah.eib.org/index
Contact: [email protected]
Exploitation and Advisory Tools
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Grants
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EARLY
STAGES
FULL
DEVELOPMENT
FINAL
STAGES
H2020 SME Instrument
Fast track to Innovation
PROJECT
PHASE
TECHNOLOGY READINESS LEVEL
Grants
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INEA Grants
Manager/Owner EASME
PurposeBrings together funding for innovative researchers. Aim to open up new markets with the potential for rapid European and global-scale growth
Type of
promoterFocus on promoters with ideas for emerging technologies.
Sector/Type of
projectsAll covered by H2020. No pre-defined topics in general and one topic on computing.
Eligibility
criteriaNeed to demonstrate science-to-technology breakthrough; at least 3 entities
Website: ec.europa.eu/research/eic
Grants
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Grants
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Manager Innovation and Networks Executive Agency (INEA)
PurposeGrants to innovative projects in the field of transport and energy. Support technology research and development in line with the EC priorities.
Type of
promoterPublic and private entities; research and industrial; academics; all size of companies.
Sector/Type
of projectsProjects with innovation in the field of transport and energy
Eligibility
criteriaSpecified in the Participant Portal
Website: https://ec.europa.eu/research/participants/portal/desktop/en/home.html
Grants
H2020INEA grants for energy and transport
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Manager/Owner EASME
Purpose
- Supports close-to-market activities, with the aim to give a strong boost to breakthrough innovation with a market-creating potential- Grants depending on the maturity of the project (from 50 k€ for phase 1 to
2.5 m€ for phase 2)- Possible follow-up "business acceleration services" (advisory & networking)
Type of
promoterhigh-risk, high-potential SMEs
Sector/Type of
projectsAll covered by H2020. No pre-defined topics
Eligibility
Selection
criteria
To be an SME (staff, turnover, balance sheet size)Selective calls where good preparation is essential (business plan, impact assessment, demonstration of the possibility of commercial exploitation).
Website: https://ec.europa.eu/easme/en/sme-instrument
H2020 SME Instrument
Grants
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Manager/Owner EASME
PurposeSimilar approach as the SME instrument but for consortia composed of 3 to 5 partners with industrial focus.
Type of
promoterPrivate and public mid cap and small companies.
Sector/Type of
projectsFocus on various Technologies, Engineering, health , ICT with promissingbusiness potential and high TRLs.
Eligibility
criteria
Need to demonstrate that R&D is mature and is market oriented; at least 3 entities
Website: https://ec.europa.eu/easme/en/eic-fast-track-innovation-fti
Fast track to Innovation
Grants
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Manager Innovation and Networks Executive Agency (INEA)
PurposeGrants (and to a smaller extent Financial Instruments) for high performing, sustainable and efficiently interconnected trans-European networks in the fields of transport, energy and digital services.
Type of
promoterAll promoters
Sector/Type
of projectsProjects with innovation ready for deployment in the areas of Transport, Energy and ICT, to be implemented in the Core Network Corridors.
Eligibility
criteriaSee website. Preparatory studies and works can be funded.
Website: https://ec.europa.eu/inea/en/connecting-europe-facility
Grants
CEFConnecting Europe Facility
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Financial instruments
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EARLY
STAGES
FULL
DEVELOPMENT
FINAL
STAGES
EFSI
PROJECT
PHASE
TECHNOLOGY READINESS LEVEL
EU Financial Instruments
EFSI
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Grant, equity, loan: Which for what situations
Project without yetan identified deliverable
"service" (e.g. early stage R&I) = Project without (yet) financial viability
Project with an identified deliverable "service"
financially viable but with high level of
risks (uncertain cash flows)
Project with an identified deliverable "service",
financially viable with a moderate level of risks
(proven and steady cash flows)
GRANT
EQUITY
LOANS
Financial instrument
ManagerInvestment funds (list) implementing on behalf of the European Investment Fund ("intermediated" management)
Purpose Equity financing in different forms
Type of
promoterEarly-stage enterprises, SMEs and small mid-caps (up to 499 employees)
Sector/Type
of projectsAll sectors
Eligibility
criteriaEnterprises operating in innovative sectors covered by H2020, located or active in the EU or H2020 Associated Countries
Website: http://www.eif.org/what_we_do/equity/single_eu_equity_instrument/innovfin-equity/index.htm
Contact: http://www.eif.org/what_we_do/equity/single_eu_equity_instrument/innovfin-equity/innovfin-equity-signed-
deals.pdf
Composed of
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Financial instrument
ManagerFinancial intermediaries (list), which are guaranteed or counter-guaranteed against a portion of their potential losses by the European Investment Fund("intermediated" management)
PurposeLoans, financial leases, mini bonds, subordinated debt between EUR 25 000 and EUR 7.5 million backed by a guarantee to improve access to finance
Type of
promoterInnovative SMEs and small mid-caps (up to 499 employees)
Sector/Type
of projectsAll sectors
Eligibility
criteriaInnovative or fast growing enterprises located or active in the EU or H2020 Associated Countries
Website: http://www.eif.org/what_we_do/guarantees/single_eu_debt_instrument/innovfin-guarantee-facility/index.htm
Contact: http://www.eif.org/what_we_do/guarantees/single_eu_debt_instrument/innovfin-guarantee-facility/innovfin-
smeg_signatures.pdf26
Financial instrument
ManagerFinancial intermediaries (5 so far), which are guaranteed or counter-guaranteed against a portion of their potential losses by the European Investment Bank ("intermediated" management)
PurposeLoans between EUR 7.5m and EUR 50m for a specific project backed by a guarantee to improve access to finance
Type of
promoterMid-caps (up to 3 000 employees)
Sector/Type
of projectsAll sectors
Eligibility
criteria
Innovative companies with not more than 3 000 employees located or active in the EU or H2020 Associated Countries but not eligible under the InnovFin SME Guarantee
Website: http://www.eib.org/products/blending/innovfin/products/midcap-guarantee.htm
Contact: [email protected] 27
Financial instrument
ManagerEIB for direct financing starting at EUR 25m or through a financial intermediary for financing starting at EUR 7.5 million
PurposeImproves availability of risk finance (loans or equity type) in countries where there is a persisting gap in R&I (see map "moderate and modest" R&I intensity on https://ec.europa.eu/docsroom/documents/30281)
Type of
promoterFast-growing or R&I-driven enterprises of all sizes, R&I infrastructures, innovation-enabling infrastructures
Sector/Type
of projectsR&I activities or infrastructures under the scope of the Eureka Network or the European Research Area as well as Euratom
Eligibility
criteriaAdditional criteria for SME/Midcaps (location in R&I park/incubator, qualification for R&I tax credit or exemption)
Website: http://www.eib.org/products/blending/innovfin/products/emerging-innovators.htm
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Financial instrument
Manager EIB or through a financial intermediary
PurposeQuasi Equity financing (ideally of EUR 75 million) invested together with the European Fund for Strategic Investment (EFSI) in research and innovation programmes
Type of
promoterLarge Mid-caps and SMEs (if compatible with EFSI eligibility criteria for growth finance)
Sector/Type
of projectsInnovative sectors covered by H2020 including life sciences, clean energy, hightech, social innovation
Eligibility
criteria
SMEs or mid-caps (less than 3 000 employees) located or active in the EU or H2020 Associated CountriesCross-reliance on other H2020 support / due diligence by venture funds
Website: http://www.eib.org/products/blending/innovfin/products/corporate-research-equity.htm
Implemented
with
EFSI
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Financial instrument
Manager EIB ("direct" management)
PurposeDebt and equity financing of at least EUR 25m in support of research and innovation (R&I) investments, including the financing of buildings and other infrastructure directly related to R&I activity
Type of
promoterPublic and private research institutes/organisations and universities
Sector/Type
of projectsAll sectors
Eligibility
criteriaR&I activities, investments and infrastructures under the H2020 programme (or the Euratom fission programme) in the EU or H2020 Associated Countries
Website: http://www.eib.org/products/blending/innovfin/products/science.htm
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Financial instrument
Manager EIB ("direct" management),
PurposeDirect Loans or quasi-equity financing (EUR 7.5 - 75 million); or guarantee to Financial Intermediaries, supporting innovative demonstration projects to bridge the gap from demonstration to commercialisation ("valley of death").
Type of
promoterSMEs, mid-caps and large caps as well as special purpose vehicles (SPVs) with industrial co-funding capacity.
Sector/Type
of projectsProjects contributing to the energy transition (renewable energy, smart energy systems, energy storage, and carbon capture utilisation and storage)
Eligibility
criteria
Demonstrate the commercial viability of innovative pre-commercial technologies or services (TRL 7-8). Project expected to generate revenues. Promoters/sponsors must be located or active in the EU or H2020 Associated Countries).
Website: http://www.eib.org/products/blending/innovfin/products/energy-demo-projects.htm
Contact: [email protected] 31
Manager Selected investment funds (list) implementing on behalf of the EIF
PurposeProvide equity type financing (venture capital and mezzanine) to expansion and growth stage enterprises, in particular those operating across borders
Type of
promoterSmall and Medium sized Enterprises
Sector/Type
of projectsAll sectors - all phases of lifecycle – creation, expansion…
Eligibility
criteriaSMEs established and operating in the EU or COSME Associated Countries
Website: http://www.eif.org/what_we_do/equity/single_eu_equity_instrument/cosme_efg/index.htm
Contact: http://www.eif.org/what_we_do/equity/single_eu_equity_instrument/cosme_efg/intermediaries.pdf
Financial instrument
Equity Facility for Growth
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ManagerSelected financial intermediaries (list) and sub intermediaries (list) implementing on behalf the EIF
PurposeFacilitating access to debt finance for SMEs by providing guarantees and counter-guarantees, including securitisation of SME debt finance portfolios, to selected financial intermediaries
Type of
promoterSmall and Medium sized Enterprises
Sector/Type
of projectsAll sectors - all phases of lifecycle – creation, expansion…
Eligibility
criteriaSMEs established and operating in the EU or COSME Associated Countries
Website: http://www.eif.org/what_we_do/guarantees/single_eu_debt_instrument/cosme-loan-facility-growth/index.htm
Contact: http://www.eif.org/what_we_do/guarantees/single_eu_debt_instrument/cosme-loan-facility-growth/cosme_lgf_signatures.pdf
http://www.eif.org/what_we_do/guarantees/single_eu_debt_instrument/cosme-loan-facility-growth/Sub_Intermediaries.pdf
Financial instrument
Loan Guarantee Facility
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ManagerFinancial institution appointed by the authority managing one of the European Structural and Investment (ESI) Funds. Shared Management . In some cases it is the EIF
Purpose Loan, equity and guarantees.
Type of
promoterDefined by Managing Authorities (State/Regions) when designing the FI
Sector/Type
of projectsDefined by Managing Authorities (State/Regions) when designing the FIMost common are SME support, Research&Innovation and low-carbon economy
Eligibility
criteriaDefined by Managing Authorities (State/Regions) when designing the FIMost common in rural areas and less developed regions
Website: https://www.fi-compass.eu/
http://ec.europa.eu/regional_policy/en/funding/financial-instruments
Financial instrument
ESI Funds Financial Instruments
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Manager Selected financial intermediaries (list) implementing on behalf the EIF
PurposeStimulate SME financing by providing partial risk cover (loss protection and potential capital relief) of SME loan portfolios, to selected financial intermediaries
Type of
promoterSmall and Medium sized Enterprises
Sector/Type
of projectsAll sectors
Eligibility
criteriaEntities must be established in Bulgaria, Finland, Italy, Malta, Romania and Spain.
Website: http://www.eif.org/what_we_do/guarantees/sme_initiative/
Bulgaria, Finland, Italy, Malta, Romania, Spain
Contact: http://www.eif.org/what_we_do/guarantees/sme_initiative/smei_signatures.pdf
Financial instrument
SME Initiative
ESI Fund
Financial
Instrument
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Manager Deutsche Bank
PurposeProvides Technical Assistance to public authorities (funded via ELENA)Provides Loans (or quasi equity) mostly to Public private Partnerships
Type of
promoterPublic entities, on behalf of their Private partners
Sector/Type
of projectsEnergy efficiency (public lighting / building retrofit / clean urban transport) and renewable energy
Eligibility
criteriaProjects need to contribute to mitigate Climate Change AND be financially viable (as per EEEF due diligence)
Website: https://www.eeef.eu/objective-of-the-fund.html
Financial instrument
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European Funds for Strategic Investment (EFSI) / Invest EU
Financial instrument
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Manager EIB
Purpose
Budgetary Guarantee to financially compensate all losses on underlying Equity, Loans or guarantee contributed, directly or indirectly (e.g through venture capital funds, private equity funds, leasing or lending institutions or through thematic platforms) to support qualifying Projects.
Type of
promoterSME and small caps (SME window) or Infrastructure and Innovation promoters (Infrastructure and innovation window).
Sector/Type
of projects
Targets high risk projects in the areas of : Strategic infrastructure including digital, transport and energy; Education, RD&I, Renewable energy and resource efficiency.
Eligibility
criteriaFocus on viable but risky projects (in order to provide additionality and crowd-in other investors)- projects > 25 M€ or less (if through platforms)
Website: http://www.eib.org/efsi/
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Breakthrough Energy Europe (BEE)
Financial instrument
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ManagerBreakthrough Energy Europe (BEE) [European-incorporated investment vehiclefrom the joint MoU between EC and Breakthrough Energy]
Purpose
Public-private partnership to accelerate the commercialization of breakthrough, low carbon energy technologies in the EU and the global market, by providing more direct private investments into low carbon technology companies and innovators that provide solutions to climate change.
Type of
promoterEU low-carbon technology companies and innovators.
Sector/Type
of projectsFive key areas of the major energy-related challenges: 1) electricity, 2) transportation, 3) agriculture, 4) manufacturing and 5) buildings.
Eligibility
criteriaNot yet defined.
Website: http://europa.eu/rapid/press-release_IP-18-6125_en.htm (only a press release is available at the moment)
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Financial instrument
ManagerInvestment funds specialised in technology transfer operating on behalf of the European Investment Fund ("intermediated" management)
PurposeEquity financing to support the process of transforming the results of research and development into marketable products and services ("technology transfer")
Type of
promoterTechnology transfer offices and specialists; Research organisations; Universities and higher education institutes (HEIs) performing research.
Sector/Type
of projectsAll sectors
Eligibility
criteria
Pre-seed / proof of concept stage (TRL 3 – 6), project financing stage and seed stage (TRL 7 – 8) operating in innovative sectors covered by H2020, located or active in the EU or H2020 Associated Countries
Website: http://www.eif.org/what_we_do/equity/single_eu_equity_instrument/innovfin-equity/index.htm#technologytransfer
Part of
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Financial instrument
Manager European Investment Fund ("intermediated" management)
Purpose
EIF provides equity investments (up to 50% or 50 m€) into funds managed or pooled by business angels, or co- investment funds aiming at co-investing with business angelson a systematic basis.
Type of
promoterBusiness Angels willing to invest in Innovative or technology driven enterprises
Sector/Type
of projectsAll sectors, also focus on ICT
Eligibility
criteriaEnterprises established or active in EU or H2020 associated Countries operating in the sectors covered by H2020
Website: http://www.eif.org/what_we_do/equity/single_eu_equity_instrument/innovfin-equity/index.htm#businessangels
Part of
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Financial instrument
ManagerVenture capital funds operating on behalf of the European Investment Fund ("intermediated" management)
PurposeEquity financing to enterprises with high growth potential often in exchange of ownership shares. Venture capitalist typically invest third party money pooled in funds.
Type of
promoterEarly-stage enterprises (seed, start-up and other early-stage - broadly corresponding to Invest Europe definitions)
Sector/Type
of projectsAll sectors with particular attention to ICT
Eligibility
criteriaEarly-stage enterprises operating in innovative sectors covered by H2020, located or active in the EU or H2020 Associated Countries
Website: http://www.eif.org/what_we_do/equity/single_eu_equity_instrument/innovfin-equity/index.htm#venturecapital
Part ofContributes to
VentureEU
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Financial instrument
ManagerEIF: Fund-of-funds holdings operating on behalf of the European Investment Fund .
PurposeEquity injection in underlying venture and multi-stage funds with significant early stage focus.
Type of
promoterDepending on the underlying fund
Sector/Type
of projectsAreas covered by the societal challenges and industrial leadership of H2020
Eligibility
criteriaWide geographical coverage of more than 3 countries and focus on early stage developments
Website: http://www.eif.org/what_we_do/equity/single_eu_equity_instrument/innovfin-equity/index.htm#fundoffunds
Part ofContributes to
VentureEU
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Financial instrument
ManagerFinancial intermediaries and fund managers operating on behalf of the EuropeanInvestment Bank Group ("intermediated" management)
Purpose Debt or equity-type products to innovative projects in specific thematic areas
Type of
promoterSMEs, mid-caps and large caps as well as SPVs
Sector/Type
of projectsDepending on the Thematic Investment Platform
Eligibility
criteriaDepending on the Thematic Investment Platform
Website: http://www.eib.org/products/blending/innovfin/products/thematic-investment-platforms.htm43
Financial instruments: How to initiate the process
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- A compilation of possible services and instruments can be found in several European Commission sites:
- Website to help promoters find what instrument suits them best for innovation support: http://ec.europa.eu/research/participants/portal/data/eic/screen/home
- Website to help promoters find what instrument suits them best for financial instruments (loans and equity): http://www.access2finance.eu
- Overview of funding tools: https://youtube/N_24hdG8Z20
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Financial instrument
EARLY
STAGES
FULL
DEVELOPMENT
FINAL
STAGES
H2020 SME Instrument
European Investment
Project Portal (EIPP)
EFSI
Fast track to Innovation
European Innovation
Council (EIC)
PROJECT
PHASE
TECHNOLOGY READINESS LEVEL
Business
Angels
Capital
Development
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INEA Grants
