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Financial instruments - InnovFin

Freight firm digitalises and creates jobs

A EUR 2.4 million loan extended under the InnovFin-EU finance for innovators initiative under the EU's Horizon 2020 programme and backed by the European Investment Fund has helped Bulgarian freight transporter Discordia digitalise, develop an innovative business model and create jobs.
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Software tells tired drivers to take a break

A EUR 850 000 loan extended under the InnovFin SME Guarantee Facility under the EU's Horizon 2020 programme and backed by the European Investment Fund has helped Swedish company Smart Eye secure contracts for its software that alerts sleepy drivers. As well as making roads safer, this has created jobs.
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Fast, life-saving tests for small labs

Finnish firm Mobidiag has received a EUR 25-million European Investment Bank (EIB) loan to accelerate development and commercialisation of its fast, life-saving tests for small laboratories. The support, provided under the European Fund for Strategic Investments, adds to a previous EUR 15 million EIB loan extended under the InnovFin Infectious Diseases Finance Facility under the EU's Horizon 2020 programme.
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Capital for early-stage software companies

A EUR 15-million equity investment under the InnovFin-EU finance for innovators initiative backed by the EU's Horizon 2020 programme and extended by the European Investment Fund (EIF) is helping Polish seed and venture capital firm Innovation Nest turn promising European software companies into global players.
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Dutch software developer sees growth spurt

A EUR 12-million loan extended under the InnovFin MidCap Growth Finance Facility under the EU's Horizon 2020 programme and backed by the European Investment Bank is helping Dutch software firm Planon transfer services to a cloud-based model as part of a major growth initiative.
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Support for development of the Internet of Things

Horizon 2020's InnovFin-EU finance for innovators initiative, which is run by the European Investment Bank (EIB), has invested in the French electronics company Archos and its work on the Internet of Things. An EU-backed loan will enable Archos to deploy new tools to help connected objects function more efficiently.
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New multidisciplinary research centre in Sweden and Denmark

A loan backed by the InnovFin-EU finance for innovators initiative under the EU's Horizon 2020 programme and the European Investment Bank (EIB) is supporting construction of the European Spallation Source (ESS) research centre. Its powerful neutron beams will open up opportunities for researchers in a range of disciplines.
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Faster diagnosis for patients with serious infections

A loan supported by the InnovFin-EU finance for innovators initiative under the EU's Horizon 2020 programme and extended by the European Investment Bank is helping Spanish start-up STAT-Dx develop automated molecular diagnostic tests. Such tests slash the time it takes to detect and treat serious gastrointestinal and respiratory infections in patients in emergency departments and intensive care units.
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Turning waves into electricity

Wind turbines and solar panels are a familiar sight but wave energy remains untapped. A loan supported by the InnovFin-EU finance for innovators programme under the EU's Horizon 2020 programme and extended by the European Investment Bank helped a Finnish firm AW-Energy to turn waves into electricity.
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