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Reference: 20210382
Release date: 10 May 2023

Promoter – Financial Intermediary

GREENBONE ORTHO SPA

Location

Description

The project consists of a quasi-equity loan to Greenbone, an Italian medtech company developing innovative bone-regenerating implants and bone replacement solutions to treat severe fractures and conditions, such as trauma and tumours causing extensive bone loss.

Additionality and Impact

The promoter is a European R&D company specialised in development of an advance material for bone substitution. In addition to its own RDI capabilities, the promoter has developed a well-established network of collaborations with universities, research institutions and reputed industry partners. Companies producing innovative high quality products are key drivers of economic growth, productivity and social protection, and generally a source of high value added employment. The EIB support to this operation is expected to provide tangible value-added benefit, positively contributing to the promoter's R&D investments by lowering the associated cost of financing and offering loan maturity beyond the tenor usually offered by commercial banks as well as disbursement mechanics more suitable for the project's financing and more flexible than those normally proposed by the market. 

Objectives

The aim is to finance the company's research, development and innovation (RDI) and costs scale up.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 8 million

Total cost (Approximate amount)

EUR 20 million

Environmental aspects

The promoter's investment concerns RDI activities 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.

Procurement

The promoter is a private company, not operating in the utilities sector and not having the status of a contracting authority. Therefore, the EU directives on procurement are not applicable. Nevertheless, the promoter's procurement procedures are expected to be in line with the EIB's guidelines for private sector projects. Further details will be verified during the project due diligence.

Status

Signed - 28/02/2022

Milestone
Under appraisal
Approved
Signed
15 December 2021
28 February 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).

Related tags

Italy Industry Services