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Launch of InnovFin - a new financing tool dedicated specifically to R&D in infectious diseases

  • SME Instrument

A new financing tool dedicated specifically to R&D in infectious diseases has been launched by the European Commission and the European Investment Bank:

http://www.eib.org/infocentre/press/releases/all/2015/2015-134-eib-group-and-ec-expand-support-for-innovative-companies-across-europe.htm

This new instrument, InnovFin Infectious Diseases, was established within the InnovFin - EU Finance for Innovators family of instruments and will provide loans to high-risk projects in the area of infectious disease R&D and reinvigorate and attract co-investment from other investors by incentivising R&D activities for an uncertain market. It can be accessed by small, medium and large companies, research infrastructures, universities, non-profit organisations, and Special Purpose Vehicles (SPV) established and operating in one or several of the EU Member States and Associated Countries.

Please find a summary factsheet provided under this link: http://www.eib.org/attachments/documents/innovfin_infectious_diseases_flysheet_en.pdf

A first loan under this new facility was signed just recently:http://ec.europa.eu/research/index.cfm?pg=newsalert&year=2015&na=na-130715

Queries regarding this facility can be directed to: innovfinIDFF@eib.org