Venture Capital
Resources
EIF's venture capital activity is principally backed by resources from its main shareholders, European Investment Bank (EIB) and the European Commission.
Capital from the EIB Group
Since 2000, when EIB became EIF's main shareholder, the EIB and EIF work in close cooperation under the auspices of the EIB Group. EIF manages funds for EIB under the Risk Capital Mandate (RCM). Capital from the RCM resources comprise the lionshare of EIF's investments. EIF also allocates its own resources for investments in venture capital together with the RCM capital.
- More about EIB Group resources - click here
Capital from the European Commission
The European Commission allocates for venture capital investments under the High Growth and Innovative SME Facility (GIF), under 2 programmes, known as GIF 1 and GIF 2.
Please note that both of these EC programmes have more specific eligibility criteria than the EIB Group operations.
- More about European Commission resources - click here
Capital from external mandates
EIF also makes venture capital investments using resources which are made available to EIF through mandates from non-shareholder sources, such as the ERP-EIF Dachfonds, which EIF manages on behalf of the German Federal Ministry of Economics and Technology (BMWi) and the European Recovery Programme (ERP); NEOTEC, a joint venture between EIF and a Spanish government entity; and Dahlia, a pan-European fund of funds with a French private equity fund.
- More about ERP-EIF Dachfonds - click here
- More about NEOTEC - click here
- More about Dahlia - click here
Other areas of EIF's venture capital activities are described in the Market Development section.
Please note that small businesses (SMEs) cannot obtain finance directly from EIF. |