What we do
Equity products
Technology Transfer
European Angels Fund (EAF) - Co-investments with Business Angels
Venture capital
The Social Impact Accelerator (SIA)
Lower mid-market
Mezzanine Facility for Growth
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin SME Venture Capital
Private equity secondary market transactions
Debt products
AGRI Guarantee Facility
Credit enhancement
Cultural and Creative Sectors Guarantee Facility (CCS GF)
ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
EREM debt products
Single EU Debt Financial Instrument
COSME - Loan Guarantee Facility
InnovFin SME Guarantee Facility
The SME Initiative
The SME Initiative Bulgaria
The SME Initiative Spain
The SME Initiative Malta
Microfinance
EaSI Guarantee Financial Instrument
European Progress Microfinance Facility
Entrepreneurs supported through Progress Microfinance
Regional Development - Country and sector-specific initiatives
Baltic Innovation Fund (BIF)
Dutch Venture Initiative (DVI-II)
European Recovery Programme (ERP)
EstFund
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
JEREMIE - Regional development
LfA-EIF Facility
Luxembourg Future Fund (LFF)
Mezzanine 'Fund of Fund' for Germany (MDD)
Polish Growth Fund of Funds (PGFF)
Swedish Venture Initiative (SVI)
Technology Transfer Accelerator Turkey (TTA)
The EIB Group Risk Enhancement Mandate (EREM)
FOSTER TPE-PME Languedoc Roussillon Midi Pyrénées
Western Balkans Enterprise Development & Innovation Facility II (WB EDIF II)

COSME - Equity Facility for Growth (EFG)

EC logo

The Equity Facility for Growth (EFG) is a window of the Single EU Equity Financial Instrument which supports EU enterprises' growth and research and innovation (R&I) from the early stage, including seed, up to expansion and growth stage.
EFG – managed by EIF – is part of COSME (Programme for the Competitiveness of Enterprises and Small and Medium-sized Enterprises), an initiative launched by the European Commission.

How does COSME EFG work?

Through COSME EFG, EIF invests in  selected funds – acting as EIF’s financial intermediaries –  that provide venture capital and mezzanine finance to expansion and growth stage SMEs, in particular those operating across borders. The fund managers will operate on a commercial basis, to ensure that investments are focused on SMEs with the greatest growth potential.

EFG is a successor to the High Growth and Innovative SME Facility (GIF), implemented under the Competitiveness and Innovation Framework Programme (CIP) in the period 2007-2013.

Who is eligible* to become EIF’s financial intermediary under COSME EFG?

Eligible applicants to receive funding under COSME EFG and thus to become EIF’s financial intermediaries are entities undertaking risk capital investments - including  investment funds, private equity funds and special purpose vehicles - into SMEs according to applicable legislation, established and operating in one or more of the EU Member States and COSME Associated Countries.

(*) For detailed and complete eligibility criteria please see the application documents below.

Which type of companies can benefit from COSME EFG?

SMEs, established and operating in one or more EU Member States and COSME Associated Countries.
Supported SMEs should not be carrying out activities breaching ethical principles or focus on one or more EIF restricted sectors.

How to apply

For fund management companies:
If you are eligible, you can apply by downloading the application documents published under the Single EU Equity Financial Instruments by 30 September 2020. EIF will select intermediaries after a due diligence process.

For SMEs:

Are you looking for equity finance? Download here the list of financial intermediaries currently operating under COSME EFG. For information about finance available under further EU initiatives, please visit http://europa.eu/youreurope/business/funding-grants/access-to-finance/



 
 

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