BADIA IMPACT FUND

Participation in a closed-end venture capital fund seeking to invest start-up and expansion capital in seed, early and growth stage information and communications technology (ICT) small and medium-sized enterprises located mainly in Jordan.

Objectives

To nurture early stage entrepreneurship from local seed to global competitiveness.

Comments

Sector(s)

Services

Proposed EIB finance (Approximate amount)

EUR 4 million

Total cost (Approximate amount)

EUR 20 million

Environmental aspects

The Fund is committed to comply with EIB's Environmental and Social standards.

Procurement

n.a.

Status

Signed - 18/12/2012.

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

Equity participation in venture capital fund supporting start-up and expansion investment in SMEs in fields of technology, media and telecommunications

E-mail

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Complaints mechanism

Any complaint regarding alleged maladministration can be lodged to EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

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.

EIB Transparency Policy

The EIB is committed to achieving the highest possible level of transparency. The EIB Transparency Policy sets out how EIB discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations.

Guide to procurement

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