What we do
Institutional investors
Equity products
AI Co-Investment Facility
Cleantech Co-Investment Facility
Impact investing at the EIF
Climate & Infrastructure Funds
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
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
ESCALAR Programme
Debt products
New ESIF ERDF Guarantee Fund initiative in Greece
EFSI Private Credit Programme
AGRI Guarantee Facility
AGRI Italy Platform Uncapped Guarantee Instrument
Credit enhancement
Cultural and Creative Sectors Guarantee Facility (CCS GF)
ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
Skills & Education Guarantee Pilot
EREM debt products
Single EU Debt Financial Instrument
Documentary Finance Facility – Bulgaria
The SME Initiative
The SME Initiative Bulgaria
The SME Initiative Finland
The SME Initiative Italy
The SME Initiative Malta
The SME Initiative Romania
The SME Initiative Spain
Inclusive finance
EaSI Financial Instruments
EaSI Capacity Building Investments Window
EaSI Guarantee Instrument
EaSI Funded Instrument
European Progress Microfinance Facility
Entrepreneurs supported through Progress Microfinance
European Fund for Strategic Investments (EFSI)
How does EIF contribute to EFSI
How to apply for EFSI financing
Regional Development - Country and sector-specific initiatives
Normandie Garantie Agri
FAIRE - La Réunion
Auvergne Rhône-Alpes FEADER
Recovery Equity Fund of Funds of Bulgaria
Fons d’Inversió en Tecnologia Avançada (FITA) Catalonia
Dutch Future Fund (DFF)
Dutch Alternative Credit Instrument (DACI)
PORTUGAL BLUE: a new initiative for blue economy investments
JEREMIE Greece Reflows – Business Angels’ Co-Investment Equity Instrument
German Corona Matching Facility (CMF)
Portugal Growth programme
Central and Eastern European Technology Transfer (CEETT)
Croatian Growth Investment Programme (CROGIP) II
Croatian Growth Investment Programme (CROGIP)
Croatian Venture Capital Initiative 2 (CVCi 2)
AGRI Italy Platform Uncapped Guarantee Instrument
ALTER’NA – ESIF EARFD Nouvelle-Aquitaine
Baltic Innovation Fund 1 (BIF 1)
Baltic Innovation Fund 2 (BIF 2)
Central Europe Fund of Funds (CEFoF)
Croatian Venture Capital Initiative (CVCi FoF)
Competitiveness Fund-of-Funds for SMEs in Romania
The Cyprus Entrepreneurship Fund (CYPEF)
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
EU4Business Capped Guarantee
Dutch Growth Co-Investment Programme
Dutch Venture Initiative (DVI-II)
ESIF Fund-of-Funds Greece
EAFRD FoF Portugal
EAFRD FoF Romania
The ERP-EIF Facility
ERP-EIF Co-Investment Growth Facility
The LfA-EIF Facilities
The German Future Fund (GFF) - EIF Growth Facility
INAF – French National Agricultural Initiative
ESIF Energy Efficiency and Renewable Energy Malta
Regional Fund-of-Funds Romania
ESIF Fund-of-Funds Czech Republic
The Silesia EIF Fund of Funds
La Financière Région Réunion
The EIB Group Risk Enhancement Mandate (EREM)
Call for Expression of Interest for FOSTER II
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
InvestBG Equity Instrument
Romania Recovery Equity Fund of Funds
JEREMIE Romania Reflows – Equity Instrument
Luxembourg Future Fund 1 (LFF)
Luxembourg Future Fund 2
Mezzanine 'Fund of Fund' for Germany (MDD)
NEOTEC resources
Polish Growth Fund of Funds (PGFF)
Portugal Venture Capital Initiative (PVCi)
Scottish-European Growth Co-Investment Programme
Slovene Equity Growth Investment Programme (SEGIP)
Swedish Venture Initiative (SVI)
Turkish Growth and Innovation Fund (TGIF)
Western Balkans Enterprise Development & Innovation Facility (WB EDIF)
EAFRD FoF Greece
Irish Innovation Seed Fund (IISF)
RRF Czech Republic Fund of Funds

InnovFin Equity

Update in relation to InnovFin Equity (as at 1 February 2020)

The application period for InnovFin Equity has closed. We are working on further initiatives with the European Commission in the private equity and venture capital space to support SME financing in the context of the next Multi-Annual Financial Framework.

Please note that the above communication does not apply to the “Recovery Equity Facility for Innovative Technology Companies” (RE-FIT Facility), whose application period expires on 30 June 2021.

Response measures to the COVID-19 pandemic

The EIF and the European Commission (EC) have launched specific COVID-19 support measures under InnovFin Equity. These measures are a continuation of the EC’s commitment to bring immediate relief to hard-hit enterprises, and are part of the package of measures announced by the EIB Group on 16 March to further support for Europe’s SMEs and mid-caps.

Under these measures, the EIF aims to enhance its support to existing and prospective InnovFin financial intermediaries through modified terms and conditions, whilst alleviating the fundraising difficulties amidst the COVID-19 pandemic. The detailed scope of the modified terms and their application are listed below in the Addendum introducing the InnovFin COVID-19 Support Measures.

In addition, the measures include a new “Recovery Equity Facility for Innovative Technology Companies” (RE-FIT Facility) dedicated to mitigate cash-burn effects on portfolio companies and strengthen their capital base in light of potential solvency issues. The EUR 100m RE-FIT Facility is available to InnovFin financial intermediaries - the detailed terms and conditions are listed below in the Addendum introducing RE-FIT Facility.

You will find here an overview of the InnovFin Equity support measures including the key features of the new RE-FIT Facility.

Find out more about the InnovFin Equity programme lower below.

About InnovFin Equity

The InnovFin Equity programme - managed by the EIF - is part of “InnovFin – EU Finance for Innovators”, an initiative launched by the European Commission (EC) and the EIB Group in the framework of Horizon 2020.

InnovFin Equity provides equity investments and co-investments to or alongside investment funds, focusing on companies in their early stages of development, operating in innovative sectors covered by Horizon 2020. The aim is to develop an extensive portfolio of funds, mobilising EUR 4-5bn of investments in businesses established or active in the EU and Horizon 2020 Associated Countries.

Under InnovFin Equity, the EIF targets investments in:

  • technology transfer funds whose strategy focuses on pre-seed (including proof of concept) and seed stages,
  • funds pooled by business angels or business angel co-investment funds investing into innovative early-stage enterprises and social enterprises, and
  • venture capital funds that provide funding to enterprises, including social enterprises, in their early stage and operating in Horizon 2020 sectors. 

InnovFin Equity is particularly suited to provide support to “first-time” or “emerging” investment teams engaging in their first institutional fundraising round. The EIF will seek to have a catalytic role by acting as an anchor investor in the first closings of the funds.

Newly launched initiatives

As of early 2020, the European Commission (EC) and the EIF have been making available additional resources through initiatives under the EFSI Equity Instrument and InnovFin Equity to further support innovations and novel technologies that would sustain the technological sovereignty of the European economy.

With these initiatives, the EC and the EIF are stepping up their efforts in areas of strategic relevance for the EU, including artificial intelligence, blockchain, or space technologies.

The Artificial Intelligence and Blockchain Technologies initiative is dedicated to financial intermediaries specialising in financing for Distributed Ledger Technology and blockchain. Europe is home to world-leading research communities and a vibrant industry, which are both increasingly relying on artificial intelligence – therefore, it is crucial that we build up an ecosystem that can fuel the development of such technologies on home ground.

The Space Initiative shall support investments in capital funds whose strategies target increasing exposure in the area of upstream and downstream space technologies and project a path to commercialisation and market uptake for the benefits of the EU citizens. This is in line with the strong commitment across EU Member States to develop a globally competitive and innovative European space sector.

Do you have questions about Innovfin Equity? Read the FAQ and find answers to the most common questions.

Information for financial institutions (funds): How to apply

Are you interested in becoming a financial intermediary under InnovFin Equity? Visit the  Single EU Equity Financial Instrument and EFSI Equity Instrument for more information. 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 EUequityInstrument@eif.org  

For final beneficiaries (SMEs, Small Mid-Caps, including Social Enterprises):

Download here the list of financial intermediaries currently operating under InnovFin Equity. For information about finance available in your country under further EU initiatives, please visit http://europa.eu/youreurope/business/funding-grants/access-to-finance/

Note: Following the recent withdrawal of the United Kingdom from the European Union, we are updating the relevant EIF.org pages.


Copyright ©

 European Investment Fund   – The European Investment Fund is not responsible for the content of external internet sites.