"InnovFin – EU Finance for Innovators" is an initiative launched by the European Investment Bank Group (EIB andEIF) in cooperation with the European Commission under Horizon 2020, the EU Research and Innovation programme for the budgetary period 2014-2020.
Since 2014, InnovFin aims to facilitate and accelerate access to finance for innovative businesses and entities in Europe. InnovFin supports projects, which by their nature are riskier and harder to assess than traditional investments, and therefore often face difficulties accessing finance. In order to overcome these difficulties, the EU and the EIB Group joined forces to provide finance to support research and innovation of small and early-stage enterprises – from small tech start-ups to large research facilities and circular economy companies. The financing also complemented the European Fund for Strategic Investments. Find out who we supported in 2021.
InnovFin provides loans, guarantees and equity-type funding, tailored to innovators’ needs. Financing is either provided directly or via a financial intermediary, usually a bank or a fund. InnovFin is available across all eligible sectors in EU Member States and Associated Countries
Financing under most products was available until 31 December 2020.
As of 1 January 2021, EIB can approve new operations only under InnovFin Thematic Financing, targeting key policy sectors facing particularly significant financing gaps. Financing is available for small companies, large caps and special purpose vehicles under the following products until 31 December 2022:
Project finance and/or direct corporate lending (including equity-type)