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Signature(s)

Amount
€ 30,000,000
Countries
Sector(s)
Belgium : € 15,000,000
Romania : € 15,000,000
Services : € 30,000,000
Signature date(s)
17/12/2009 : € 7,500,000
17/12/2009 : € 7,500,000
17/12/2009 : € 7,500,000
17/12/2009 : € 7,500,000
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Summary sheet

Release date
2 June 2009
Status
Reference
Signed | 17/12/2009
20070375
Project name
Promoter - financial intermediary
Engineering Innovation - RSFF

LMS International NV

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 30 Million.
EUR 79 Million.
Location
Sector(s)
Description
Objectives

The project concerns Software Research, Development and Innovation for virtual simulation, prototyping and testing technologies.

The project will contribute to developing the field of virtual simulation, prototyping and testing technologies. In addition, it will contribute to the development of Europe’s information infrastructure and support European competitiveness in the ICT sector, with beneficial impacts on technological developments. The project should assist the promoter in fostering its R&D commitments in a key sector for the information society and its scope falls within the work programme of the European Framework Programme 7. The project is fully in line with the objectives of the Bank’s Knowledge Economy policy.

Environmental aspects
Procurement

R&D facilities used for software R&D are not specifically covered by Annexes I & II of EU Directive 97/11/EC, as amended by 2003/35/EC, and therefore not subject to mandatory Environmental Impact Assessment. The proposed investments, which relate exclusively to software development, will mainly take place inside buildings at R&D facilities already being used for similar activities, and are not expected to have a significant environmental impact on the surroundings. Full environmental details will be assessed during appraisal.

The promoter is a private company not operating in the Utilities sector, and is thus not covered by EU Directives on procurement.

Comments

The project is eligible under Risk Sharing Finance Facility (RSFF). The Risk Sharing Finance Facility 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.

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Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Any complaint regarding alleged maladministration can be lodged via the 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 and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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