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The project will support Bitmovin's investments in Austria. The company is an Austria based end-to-end video infrastructure provider delivering adaptive video experience through a software decoupled from hardware.
The aim is to finance research, development and innovation (RDI) activities, working capital to scale up and build a distribution networks, well as marketing and sales expenditures in support of its market expansion.
The RDI activities take place in existing locations without environmental impacts and do not require any environmental authorisations.
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 EIB are considered acceptable.