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    Signature(s)

    Amount
    € 7,500,000
    Countries
    Sector(s)
    France : € 7,500,000
    Industry : € 7,500,000
    Signature date(s)
    15/10/2021 : € 7,500,000
    Link to source
    Data sheet

    Summary sheet

    Release date
    13 July 2021
    Status
    Reference
    Signed | 15/10/2021
    20210122
    Project name
    Promoter - financial intermediary
    MENTA (EGF VD)
    MENTA SAS
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 8 million
    EUR 18 million
    Location
    Sector(s)
    Description
    Objectives

    Menta is a French designer of Embedded Field-Programmable Gate Arrays ("eFPGA"). FPGAs are microchips that sit between application-specific integrated circuits (ASICs) and regular central processing units (CPUs) in terms of efficiency and flexibility. Menta's design embeds such an FPGA chip design into an ASIC or CPU. The Company only sells intellectual property, it does not manufacture the chips itself.

    The objectives of the EIB financing are to support the company in mitigating the impact from the COVID-19 pandemic and to accelerate its research and development (R&D) investments.

    Additionality and Impact

    The project contributes to the policy objective of Research and Development by supporting an innovative start-up developing semiconductor design technology for innovative applications like artificial intelligence or edge computing. The promoter is a small company that faces challenging financing needs linked to its new nascent technologies but generates positive externalities as it helps to support European semiconductor industries, boost innovation, growth and job creation. The promoter's strategy depends on significant RDI investments in order to lead the technology development. EIB financing, with an innovative structure adapted to the risk profile of this early stage company, allows the promoter to finance its investment plan, generating a positive crowd-in effect for other investors.

    Environmental aspects
    Procurement

    The project activities do not fall under Annexes I or II of the EU Directive 2014/52/EU amending the EIA Directive 2011/92/EU. The project will be carried out in existing facilities, already authorised, that will not change their scope due to the project. As such, the project activities are not subject to a mandatory environmental impact assessment (EIA).

    The Promoter is a private company not operating in the utilities sector and not having the status of a contracting entity, and is thus not subject to EU rules on public procurement. Under these conditions, the procurement procedures followed by the Promoter are suitable for the project.

    Link to source
    Summary sheet
    Other links

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - MENTA (EGF VD)
    Publication Date
    20 Jun 2023
    Document language
    Main Topic
    Lending
    Document Number
    141797673
    Document Focus
    Environmental Information
    Project Number
    20210122
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - MENTA (EGF VD)
    Publication Date
    27 Jul 2023
    Document language
    Main Topic
    Lending
    Document Number
    171816980
    Document Focus
    Environmental Information
    Project Number
    20210122
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Other links
    Summary sheet
    Data sheet

    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.

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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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