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Signature(s)

Amount
€ 20,000,000
Countries
Sector(s)
Spain : € 20,000,000
Industry : € 20,000,000
Signature date(s)
28/11/2023 : € 20,000,000
Link to source
Data sheet
Other links

Summary sheet

Release date
5 June 2023
Status
Reference
Signed | 28/11/2023
20220924
Project name
Promoter - financial intermediary
INBRAIN (IEU TI)
INBRAIN NEUROELECTRONICS SL
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 20 million
EUR 48 million
Location
Sector(s)
Description
Objectives

The project will support the development of graphene technology to decode neural signals into medical solutions for application in patients with brain-related disorders.

The loan will finance the research and development (R&D) investments to further advance the promoter's product pipeline and bring the products to the medical market.

Environmental aspects
Procurement

The project mainly concerns investments in R&D 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.

The promoter 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.

Milestone
Under appraisal
Approved
Signed
30 June 2023
28 November 2023
Related projects
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).

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.

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