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    Signature(s)

    Amount
    € 200,000,000
    Countries
    Sector(s)
    Germany : € 200,000,000
    Services : € 200,000,000
    Signature date(s)
    16/12/2011 : € 200,000,000

    Summary sheet

    Release date
    9 December 2011
    Status
    Reference
    Signed | 16/12/2011
    20100622
    Project name
    Promoter - financial intermediary
    SAP Software Innovation

    SAP AG

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 240 million
    Up to EUR 480 million
    Location
    Sector(s)
    Description
    Objectives

    The project concerns the promoter’s R&D activities for its further development of on demand software applications.

    The project is supposed to support the European software development industry in retaining its global market leadership. The project involves latest technologies and substantial R&D to provide competitive software applications for the related target markets. Further more the promoter is cooperating with European partners in European R&D initiatives, such as the FP7.

    Environmental aspects
    Procurement

    The project activities do not fall under Annexes I and II of the EU Directive 97/11/EC, as amended by Directives 97/11/EC and 2003/35/EC, and are therefore not subject to mandatory Environmental Impact Assessments. As the proposed investments will take place mainly inside buildings already being used for similar activities, and concern to a large extent software research/development, no particular negative impact on the environment is expected.

    The promoter is a private company and is thus not covered by EU Directives on procurement. R&D is an atypical case in which purchasing of goods/services is very limited and might be even for reasons of prototyping or exclusivity concerns subject to further limitations. Nevertheless, specialised equipment and services should be procured following international enquiries among the most qualified contractors and suppliers. This procedure will be checked during appraisal.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative 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.
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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.

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    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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