ENGINEERING IT INNOVATIVE SOFTWARE

Financing investments in software research and development during 2012-2014 by Engineering Ingegneria Informatica SpA . The different solutions developed are used for various sectors such as finance, health and public administration in Italy and the selected research activities are typically also supported by FP7 or national research programs.

Objectives

The project concerns investments in RDI for basic software technologies as well as new applications. It supports a European promoter in his efforts to maintain its competitive position in the software industry.

Comments

The project may be financed under the Risk Sharing Finance Facility (RSFF), which is an innovative credit risk sharing scheme jointly set up by the European Commission and the European Investment Bank to improve access to debt financing for private companies or public institutions promoting activities with a higher financial risk profile in the fields of research, technological development, demonstration and innovation investments.

Sector(s)

Services

Proposed EIB finance (Approximate amount)

EUR 50 million

Total cost (Approximate amount)

EUR 110 million

Environmental aspects

The project concerns investments in research and development that are expected to be carried out in existing facilities already authorised and would therefore not require an Environmental Impact Assessment (EIA) under the Directive 85/337/EC, amended by Directives 97/11/EC and 2003/35/EC. Any possible environmental issue will however be verified during the project's appraisal.

Procurement

The promoter is a private company and is thus not covered by EU Directives on procurement.

Status

Signed - 20/12/2012.

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).

Projects

RDI aimed at developing new software technologies and new applications for government, financial institutions, utilities and telecoms sector

E-mail

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Zero-tolerance against fraud and corruption

The EIB has a zero-tolerance policy on fraud or corruption. To report allegations of fraud or corruption in EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential, and are handled in line with EIB investigation procedures and the Anti-Fraud Policy.

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Guide to procurement

This Guide applies specifically to those components of a project identified for the Bank's financing.