ERP is a EUR 1 billion 'Fund of Funds (Dachfonds)' investing in venture capital funds mainly focusing on German based, high-tech early and development stage companies. Even though those funds are not restricted to invest solely in German companies, the main focus of investments should be in Germany. ERP covers all technology areas (ICT, Life Sciences, energy-related, emerging and converging technologies).
EIF manages the facility on behalf of the German Federal Ministry of Economics and Technology (BMWi) and the European Recovery Programme (ERP).
ERP aims at investing teams with complementary Venture Capital, technology and industry experience having an office in Germany. EIF may not participate in funds where public funding (incl. EIF) is expected to exceed 50% of the fund's funding, after its target fundraising level is achieved.
For more information on how to submit an investment proposal to EIF see: EIF for Venture Capital & Private Equity funds