InnovFin Program

Updated last 26.03.2021

What is the program about?

InnovFin represents EU financing for innovators. This is a joint initiative of the European Investment Bank (EIB), the European Investment Fund (EIF) and the EC in the Horizon 2020 Program.

Currently the programme period has expired. Ongoing is the preparation of the future framework program Horizon Europe which is a followup of the Horizon 2020 Program.

What is the main goal of the program?

The purpose of InnovFin is to facilitate and speed up access to financing for innovative enterprises in Europe. Improving the access to financing for innovative enterprises in Europe is a key priority both for the EC, and for the EIB and the EIF, as EU lags behind its global competitors in terms of private and public investment in research and innovation.

Who is eligible to apply under the program?

The InnovFin financial products provided by financial intermediaries such as InnovFin Equity, InnovFin SME Guarantee and InnovFin MidCap Guarantee, target SMEs that are developing fast and/or focus on the innovation sector. Specific eligibility criteria need to be checked with the relevant financial intermediaries listed in the information of the products. The InnovFin financial products provided directly by the EIB are consistent with the specific needs for funding of relevant segments of innovators among small and medium-sized enterprises (SME).

What are the deadlines for application in calls for proposals under the program?

SME can apply at any time for financial products.

How can you apply under the program?

SME must apply with the EIB and with financial intermediaries.

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More general information and information on eligibility criteria of InnovFin products is available on the websites of:

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Innovative companies, research institutions/organizations or universities looking for funding from the EIB have to contact the latter by means of an information center contact form available on the website of: