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    Signature(s)

    Amount
    € 18,000,000
    Countries
    Sector(s)
    Spain : € 18,000,000
    Services : € 18,000,000
    Signature date(s)
    21/12/2022 : € 9,000,000
    21/12/2022 : € 9,000,000

    Summary sheet

    Release date
    10 April 2024
    Status
    Reference
    Signed | 21/12/2022
    20210261
    Project name
    Promoter - financial intermediary
    SAVANA (EGFF)
    MEDSAVANA SL
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 18 million
    EUR 37 million
    Location
    Sector(s)
    • Services - Information and communication
    • Services - Professional, scientific and technical activities
    Description
    Objectives

    The project will finance the development of a new technology providing pharma companies access to utilise the clinical information embedded within Electronic Health Records (EHR)

    The aim is to support the development of a new technology providing access to utilise the clinical information embedded within Electronic Health Records.

    Additionality and Impact

    The project concerns artificial intelligence (AI) and real-world evidence data (RWE). As such the projects fits into Digital health. Digital health is a broad concept that, among others, covers the health data analysis and application in systems based on big data, for instance for epidemiological research and AI-enabled diagnosis support. The current project will develop solutions related but not limited to analysis of RWE data from electronic health records (EHR). Digitalisation is crucial to EU's competitiveness, where EU is aiming to catch-up with other regions of the World. This Project would further aid to accelerate adoption of digital technologies in the EU, related to R&D, healthcare and digital innovation. As such, through the financing of this Project aiming to facilitate increased investments in digital innovation the EIB is helping to bridge the digital gap between EU and US, e.g., and the digital divide within EU

    Environmental aspects
    Procurement

    The promoter's investments concern research, development and innovation activities 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 Directive 2011/92/EU. Full environmental details will be verified during appraisal.

    The promoter is a private company, not operating in the utilities sector and does not have the status of a contracting authority; thus the project is not covered by the EU directives on procurement. However, the Promoter's procurement procedures are expected to be in line with EIB's guidelines for private sector projects. Further details will be verified during the project due diligence.

    Milestone
    Under appraisal
    Approved
    Signed
    29 August 2022
    21 December 2022

    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) - SAVANA (EGFF)
    Publication Date
    18 Apr 2024
    Document language
    Main Topic
    Lending
    Document Number
    205850219
    Document Focus
    Environmental Information
    Project Number
    20210261
    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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    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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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