Transcript InnovFin MidCap Guarantee

New H2020 debt instruments
WHAT?
•
InnovFin Large Projects (ex-RSFF classique)
− loans from €7.5 mn to €300 mn; delivered directly by EIB
•
InnovFin MidCap Growth Finance (new focus on mid-sized firms)
− loans from €7.5 mn to €25 mn; delivered directly by EIB
•
InnovFin MidCap Guarantee (ditto)
− guarantees to financial intermediaries (banks, etc)
− loans from €7.5 mn to €50 mn; implemented by EIB
•
InnovFin SME Guarantee (ex-RSI pilot)
− guarantees / counter-guarantees to financial intermediaries
− loans from €25 000 to €7.5 mn; implemented by EIF
•
InnovFin Advisory (follow-on from pilot under RSFF: SC focus)
− improve 'bankability' of large projects
New H2020 debt instruments
WHEN?
•
InnovFin Large Projects (ex-RSFF classique)
− open for business (approach EIB directly)
•
InnovFin MidCap Growth Finance (new focus on mid-sized firms)
− open for business (approach EIB directly)
•
InnovFin MidCap Guarantee (ditto)
− call for expressions of interest by financial intermediaries
− to be issued by EIB
•
InnovFin SME Guarantee (ex-RSI pilot)
− call for expressions of interest by financial intermediaries
− to be issued by EIF
New H2020 financial instruments
NEXT?
IN THE CURRENT WORK-PROGRAMME: 2014/2015 roll-out
•
SME Initiative (joint guarantee instruments) (debt facility)
•
Early-stage equity: successor to GIF-1 under CIP
•
Business Angels ICT Co-Investment Pilot (equity facility)
•
Technology Transfer Financing Facility Pilot (ditto)
UNDER DEVELOPMENT
•
Crowdfunding co-investment / guarantee pilot
New H2020 financial instruments
BRANDING