27 September 2021
Promoter – Financial Intermediary
TactoTek is a Finnish company founded in 2011, which develops and commercialises Injection Moulded Structural Electronics ("IMSE") production methods and technologies. The project supports the company's investments in innovation and business growth in automotive, home appliances and other applications.
Additionality and Impact
The project supports the policy objective of
support for SMEs, as well as innovation and digitalisation by providing
tailored venture debt financing to an innovative start-up developing production
methods and technologies in the area of in-mould electronics, applicable to the
automotive, home appliances and other sectors.
The project entails positive knowledge spill-overs
related to industrial design and manufacturing technologies enabling more
intelligent, structural electronics applications in various industries, benefitting
business and research partners and strengthening the capabilities for advanced
manufacturing and digital design technologies in the EU.
contribution facilitates the SME's sustainable growth and helps to maintain its
technological edge, despite the adverse economic conditions resulting from the
COVID-19 outbreak. Furthermore, it provides a positive signalling effect to
crowd-in further financing from private investors.
The objectives of the EIB financing are to support the company to mitigate the impact from the COVID-19 pandemic and to execute its growth investments mainly in research and development (R&D) and commercial expansion.
Proposed EIB finance (Approximate amount)
EUR 15 million
Total cost (Approximate amount)
EUR 28 million
The project activities do not fall under the 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 thus is not subject to EU rules on public procurement. Under these conditions, the procurement procedures followed by the Promoter are suitable for the project.
Signed - 17/09/2021