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Innovation and skills

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Innovation and skills

Innovation and skills are key ingredients for ensuring sustainable growth and creating high-value jobs. They play an important part in driving Europe’s long-term competitiveness. For the EIB, this is a top priority. We are a major partner for projects that develop innovation and skills for a growing economy.

In 2014, we supported innovation and skills with EUR 14.7bn of EIB Group loans in Europe.

Making a difference - Our 2014 lending supports



Approach

Europe is facing a major challenge in terms of competitiveness and innovation. This is why the EIB Group is partnering with others to help innovators turn good ideas into business realities.

We support innovative projects  from large-scale research to small, specialised spin-outs or digital networks. Supporting investment that is geared towards innovation, skills and greater competitiveness is part of our mission to foster sustainable growth and jobs in Europe. We can help secure such investments and maximise resources using our catalytic effect.

Backing ground-breaking research

Click to play the videoPlay the video
A first-of-its-kind transaction under InnovFin is supporting UCB’s biopharmaceutical R&D. The EIB is providing up to EUR 75m in a programme designed to share risks and returns, with payments being contingent on the milestones being reached.

Lithuanian company develops semiconductors

Brolis Semi- conductors, a small high-tech company, headquartered in Vilnius, Lithuania, has benefited from EIF-backed venture capital to develop its business. Its technology is applied in a number of areas including the medical diagnostics, dermatology, materials processing, gas sensors, combustion process control and homesecurity night-vision sectors.



Products

We have a wide range of products to support public and private investment offering flexibility, expertise and creativity to get projects off the ground. Our traditional financing products are medium and long-term loans. We finance large projects with direct loans and support smaller projects indirectly, via local banks or other intermediaries. The EIB offers the opportunity to combine its financing with EU grants, depending on the scope and definition of the project.




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