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EFSI Equity instrument

    Date: 13 October 2016 - 31 December 2020

Under the umbrella of the Investment Plan for Europe, the European Commission, the EIB and the EIF have pooled together resources and further aligned their objectives for the implementation of the European Fund for Strategic Investments (EFSI). Under EFSI, EIF provides financing for the benefit of more vulnerable entities within the EU ecosystem, encompassing micro, small and medium enterprises, social enterprises, social sector organisations and small mid-caps, in specific EU policy areas.

 The EIF is now implementing a new set of equity instruments, aiming at:

  • Enhancing access to financing for SMEs, Small Mid-caps, Social Enterprises and Social Sector Organisations established or doing business in EU Member States during their entire lifecycle, from the pre-commercial phase up to their expansion and growth stage of development
  • Ensuring adequate contribution to the market development in the areas such as technology transfer, business angels, social impact, venture capital, and fund-of-funds
  • Catalysing private investments into the private equity and venture capital market to contribute to the development of the European equity ecosystem.

EFSI Equity contributes to the Pan-European Venture Capital Fund-of-Funds programme.

EFSI Equity is deployed in the form of two windows which may be combined to pursue multi-stage investment strategies: 

Expansion and Growth Window

Under the newly created Expansion and Growth Window, EIF provides equity investments to or alongside funds or other entities focusing directly or indirectly on later stage and multi-stage financing of SMEs and small mid-caps. Furthermore, for the first time, EIF provides investments with the intention to generate a social impact, targeting social enterprises and social sector organisations established or doing business in EU Member States.  

Early Stage Window (InnovFin Equity)

Under the Early Stage Window of EFSI Equity (InnovFin Equity), EIF provides equity investments and co-investments to or alongside funds focusing on early stage financing of – SMEs and small mid-caps operating in innovative sectors covered by Horizon 2020. In the context of the EFSI Equity Instrument, InnovFin Equity will be deployed predominantly in EU Member States and observing the requirements and conditions set out in the Call documentation below. InnovFin Equity will remain available to serve Financial Intermediaries, which do not meet the EFSI requirements, including the ones established or operating in all Horizon 2020 Participating Countries under terms and conditions set out in the Single EU Equity Instrument.

How to apply

For financial institutions:

Are you interested in becoming a financial intermediary under EFSI Equity?
Apply by downloading and submitting the relevant application documents by 30 September 2020 (date of reception by EIF). Applications will be assessed by EIF for pre-selection on the basis of the Expressions of Interest, on a “first come, first served” basis. 

EIF selects financial intermediaries according to a standard process involving due diligence and proof of compliance with relevant standards and legislation. For further questions, interested financial intermediaries may contact efsi_equity@eif.org.

For final beneficiaries (SMEs, Small Mid-Caps, Social Enterprises and Social Sector Organisations):

If you are looking for finance, please contact EIF's financial intermediaries. Please note that final funding approval lies solely with the financial intermediary. For information about finance available in your country under further EU initiatives, please visit http://europa.eu/youreurope/business/funding-grants/access-to-finance/


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