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    Reference: 20180816
    Release date: 12 July 2019

    Promoter – Financial Intermediary

    PROPHESEE SA

    Location

    Description

    The project concerns the company's development of event-based sensing technologies and applications in the areas of Industrial Automation, Consumer Electronics and VR/AR and Autonomous Driving solutions. The investments include the relevant RDI activities and capital expenditures for the development activities.

    Objectives

    The main objectives include development of: * Sensor hardware; * Processing software, including artificial intelligence (machine learning) functionalities; * Reference applications in the areas of: - industrial automation. - automotive. - consumer applications and IoT. Capital Expenditures include primarily investments for masksets for the production of integrated circuits for R&D and small demo production series.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 20 million

    Total cost (Approximate amount)

    EUR 73 million

    Environmental aspects

    All project activities take place in existing locations. R&D activities are not listed in any annexes of the Directive 2014/52/EU amending the EIA Directive 2011/92/EU. Also, the capital investments concern primarily equipment and tools that do not require any environmental assessment or authorisations either.

    Procurement

    The Company is a private sector company not operating in the utilities sector and not having a status of a contracting authority. Thus, it is not covered by the EU Public Procurement Directives. Nevertheless, the procurement policies and the supply management characteristics as presented to the Bank are considered acceptable.

    Status

    Signed - 11/07/2019

    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).

    Related tags

    France Industry