InnovFin – EU Finance for innovators

InnovFin – EU Finance for innovators

"InnovFin – EU Finance for Innovators" is a joint initiative launched by the European Investment Bank Group (EIB and EIF) in cooperation with the European Commission under Horizon 2020.

InnovFin consists of a series of integrated and complementary financing tools and advisory services offered by the EIB Group, covering the entire value chain of research and innovation (R&I) in order to support investments from the smallest to the largest enterprise.

InnovFin is available across all eligible sectors under Horizon 2020, in EU Member States  and Associated Countries.

By 2020, InnovFin is expected to make over EUR 24bn of debt and equity financing available to innovative companies to support EUR 48bn of final R&I investments.

Innovation powers Europe’s economy

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Innovators are changing our world - from small tech start-ups to large research facilities and circular economy companies.

InnovFin financing tools cover a wide range of loans and guarantees which can be tailored to innovators’ needs. Financing is either provided directly or via a financial intermediary, most usually a bank.

To read more about which InnovFin products are available and who can benefit from them, please click here.

InnovFin aims to facilitate and accelerate access to finance for innovative businesses and other innovative entities in Europe.

One of the key factors constraining the implementation of R&I activities is the lack of available financing at acceptable terms to innovative businesses since these types of companies or projects deal with complex products and technologies, unproven markets and intangible assets.

In order to overcome these difficulties, the EU and the EIB Group have joined forces to provide finance for research and innovation to entities that may otherwise struggle to access financing.

The EU lags behind its global competitors in terms of both private and public investment in research and innovation.

However, innovation is a key ingredient for driving sustainable growth, creating jobs and ensuring Europe’s long-term competitiveness. That is why the EIB Group and the European Commission have made it a top priority to facilitate access to finance for innovative businesses in Europe.

InnovFin builds on the success of the former Risk-Sharing Finance Facility developed under the seventh EU framework programme for research and technological development (FP7).

During the 2007-2013 programming period, the Risk-Sharing Finance Facility financed 114 RDI projects to the tune of EUR 11.3bn and signed 29 guarantee contracts with a total guarantee amount of over EUR 1.4bn.

Under the new 2014-2020 programming period, the European Union and EIB Group have more than doubled their combined support for innovative firms in Europe. In addition to more financing being made available, InnovFin also offers a greater product range.

InnovFin has been developed in such a way to provide a series of integrated and complementary financing tools.

* The InnovFin products are subject to regular updates to reflect market evolution. New features will be unveiled in the course of 2017 to reinforce the cooperation with the European Fund for Strategic Investments, enhance access by research institutes and organisations, address the need for thematic financing and focus on Associated Countries as well as countries behind in the Innovation Scoreboard.