EUROPEAN CENTER FOR SERVICES INVESTMENTS AND FINANCING

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INNOV FIN

Write a succesfull Innov FIN application

Funded from the Horizon 2020 budget, Innov FIN Financial Instruments are designed to extend the financing of innovative SMEs through Financial Intermediaries. From 2014, ECSIF Experts have been involved in drafting proposals for administrating Financial Instruments for innovative SMEs. In 2017, after concluding the contract on Horizon 2020 with the European Commission, ECSIF lounched a new tailored training based on the findings of our doctoral research on Innov FIN Financial Instruments. We wellcomme banks, venture capital funds and guarantee funds to learn relevant insights on how to draft a succesfull Innov FIN application!

 

INNOV FIN CONSULTING

Writing successful Innov FIN Proposals

Writing:

  • Proposal Writting: 9999 Euro + 3% Success Fee


Improoving Proposals:

  • Initial Proposal Evaluation and Recomandations: 5999 Euro

  • Resubmited Proposal Evaluation and Recomandation: 4999 Euro


ECSIF consultancy method was developed over three years of doctoral research, during which ECSIF team studied the successful elements of European Financial Instruments. After evaluating hundreds of European projects on competitiveness, including the Horizon 2020 - SME Instrument and Innov FIN, and research all the available open database comprising thousands of projects on innovation, ECSIF managed to translate the results of the doctoral research in a consultancy system designed to maximize the chances of being successful on applications for the Horizon 2020 - Innov FIN program.

The result is an integrated toolbox for European Financial Institutions wishing to develop their business through European Funds. After more than 4 years working as financial expert for the European Commission on Horizon 2020, lots of courses on the SME Instrument and Innov FIN throughout Europe, beginning with 2018 we will come with new services for the Innov FIN in order to help innovative Financial Institutions reach their full potential through European funds!

 

Innovate. Learn. Succeed.

INNOV FIN

"InnovFin – EU Finance for Innovators" is a joint initiative launched by the European Investment Bank Group (EIB and EIF) in cooperation with the European Commission under Horizon 2020.
InnovFin consists of a series of integrated and complementary financing tools and advisory services offered by the EIB Group, covering the entire value chain of research and innovation (R&I) in order to support investments from the smallest to the largest enterprise.
InnovFin is available across all eligible sectors under Horizon 2020, in EU Member States  and Associated Countries.
By 2020, InnovFin is expected to make over EUR 24bn of debt and equity financing available to innovative companies to support EUR 48bn of final R&I investments.
InnovFin financing tools cover a wide range of loans and guarantees which can be tailored to innovators’ needs. Financing is either provided directly or via a financial intermediary, most usually a bank.

 

INNOV FIN - SME GUARANTEE

For Banks & Guarantee Funds

InnovFin SME Guarantee provides guarantees and counter-guarantees on debt financing  between EUR 25 000 and EUR 7.5m, in order to improve access to loan finance for innovative small and medium-sized enterprises and small midcaps (up to 499 employees). This facility is being rolled out through financial intermediaries, which are guaranteed or counter-guaranteed against a portion of their potential losses by the EIF.
The InnovFin SME Guarantee Facility will be deployed by eligible local banks, leasing companies, guarantee institutions, etc. which are selected after a due diligence process following the launch of a Call for Expression of Interest. Once selected by EIF, these local partners act as financial intermediaries.
EIF, acting for both EIF and the EU as the implementing body, covers a portion of the losses incurred by the financial intermediaries on loans, leases and guarantees between EUR 25 000 and EUR 7.5 million which they provide under the InnovFin SME Guarantee Facility. In this way, the EU and EIF allow the provision of more debt financing to innovative SMEs and Small Mid-caps (up to 499 employees).
The InnovFin SME Guarantee Facility is a demand-driven, uncapped instrument that builds on the success of the Risk Sharing Instrument (RSI), developed under FP7, the 7th EU Framework Programme for Research and Technological Development (2007-2013) managed and implemented by EIF.

INNOV FIN - VENTURE CAPITAL

For Venture Capital Funds

InnovFin Venture Capital (InnovFin VC) targets investments into venture capital funds that provide funding to enterprises (including social enterprises) in their early stage operating in Horizon 2020 sectors. Under InnovFin VC EIF seeks to invest in first closing of the funds. It can also invest in other closings, especially if its intervention is catalytic to further fundraising. “First-time” or “emerging” investment teams seeking for the first time institutional fundraising are also eligible. Via selected venture capital funds, EIF provides risk capital financing to enterprises in their seed, start-up and other early stage phases investing predominantly in their seed and series A rounds.
InnovFin Venture Capital (VC) is part of the “InnovFin Equity” umbrella managed by EIF targeting equity investments into or venture capital funds or through co-investments with venture capital funds. Under InnovFin VC, EIF seeks to invest primarily in the first closing of funds. InnovFin VC can invest in other closings too, especially if its intervention is catalytic to further fundraising. 
“InnovFin Equity” is part of the “InnovFin - EU Finance for Innovators” programme, a joint European Investment Bank (EIB) Group and European Commission (EC) initiative under Horizon 2020, the EU framework for Research and Innovation (R&I) for 2014–2020.

INNOV FIN - BUSINESS ANGELS

For Business Angels Funds

InnovFin Business Angels (InnovFin BA) targets funds pooled by business angels or business angel co-investment funds investing into innovative early-stage enterprises and social enterprises established or active in Participating Countries operating in the sectors covered by Horizon 2020, including social impact. InnovFin BA is open for experienced business angels wishing to team up and set up their first BA funds, also in countries with less developed ecosystems for early stage investments. 
nnovFin Business Angel (BA) is part of the “InnovFin Equity” umbrella managed by EIF targeting investments into business angel funds focusing on ICT and further sectors covered by Horizon 2020, including social impact.  Under InnovFin BA, EIF provides equity investments into funds managed or pooled by business angels, or coinvestment funds aiming at co-investing with business angels on systematic basis. Their focus should be on financing innovative early-stage enterprises and social enterprises established or active in Participating Countries.
InnovFin Equity is part of the “InnovFin - EU Finance for Innovators” programme, a joint European Investment Bank (EIB) Group and European Commission (EC) initiative under Horizon 2020, the EU framework for Research and Innovation (R&I) for 2014–2020.