Search En menu ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

    Signature(s)

    Amount
    € 30,000,000
    Countries
    Sector(s)
    Ireland : € 30,000,000
    Industry : € 30,000,000
    Signature date(s)
    28/11/2018 : € 15,000,000
    28/11/2018 : € 15,000,000
    Link to source

    Summary sheet

    Release date
    31 July 2019
    Status
    Reference
    Signed | 28/11/2018
    20180184
    Project name
    Promoter - financial intermediary
    NURITAS (EGFF)
    NURITAS LTD
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 30 million
    EUR 96 million
    Location
    Sector(s)
    Description
    Objectives

    Nuritas is an innovative biotech based in Dublin, Ireland. The project aims at financing Nuritas' research, development and innovation (RDI) related costs and capital expenditure (Capex) in order to support their Artifical Intelligence (AI) platform and research activities. Nuritas technology is based on a proprietary AI and DNA analysis platform to accurately analyse billions of molecules and peptides in food to predict and identify how they impact specific health areas, molecular pathways or receptors.

    The transaction will help Nuritas increase and accelerate its investments in strategic RDI activities, particularly applications for targeting, discovering and unlocking bioactive peptides, as well as the expansion of laboratory analysis and the headquarters team.

    Environmental aspects
    Procurement

    The project mainly concerns RDI investments that are expected to be carried out in existing facilities already authorised for the same purpose and would therefore not require an Environmental Impact Assessment (EIA) under the Directive 2011/92/EU. Full environmental details will be verified during the appraisal.

    Nuritas is a private company not operating in the utilities sector and not having the status of a contracting authority. Thus, it is not covered by EU Directives on procurement. However, the promoter's procurement procedures are expected to be in line with EIB guidelines for private sector projects. The Bank's services will verify details during the project due diligence.

    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).

    scoreboard - EUROPEAN GROWTH FINANCE FACILITY
    Publication Date
    13 Sep 2019
    Document Language
    English
    Main Topic
    lending
    Document Number
    122912044
    Document Focus
    EFSI legal requirements
    Document Type
    Scoreboard
    Project Number
    20170859
    Last update
    19 Aug 2020
    Sector(s)
    Industry
    Publicly available
    Download now

    News & Stories

    Videos

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    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.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    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.

    Related publications