RSI was a pilot guarantee scheme managed by EIF in the 2007-2013 programming period launched in cooperation with the European Investment Bank (EIB) and the European Commission under the 7th EU Framework Programme for Research and Technological Development (FP7). RSI aimed at improving access to debt finance of innovative SMEs and Small Mid-Caps to support their research & innovation projects. RSI was part of the Risk Sharing Finance Facility (RSFF), managed by the EIB, mainly addressing large Corporates and Mid-Caps.
RSI had been successfully implemented and its financial resources have been fully deployed. Under RSI, EIF has provided guarantees and counter-guarantees to numerous selected financial intermediaries across the EU, thus allowing them to provide loans, financial leases and loan guarantees to research-based SMEs and/or Small Mid-Caps.
Under the new 2014-2020 programming period, EIF is managing the InnovFin SME Guarantee Facility, RSI’s successor programme under Horizon 2020.