New H2020 debt instrumentsWHAT?

• 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 instrumentsWHEN?

• 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 instrumentsNEXT?

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 instrumentsBRANDING