The Early-Innovation Facility (“ESIF”) is a dedicated EUR 100 million facility through which the EBRD will selectively invest in commercially-oriented early-stage venture capital funds.
Transition impact will be derived from: (i) expansion of the early-stage financing market for innovation based enterprises in the EBRD countries of operation, (ii) institutionalisation and setting standards for corporate governance of early-stage investment vehicles, and (iii) accelerating the development of the early-stage venture financing ecosystem by facilitating knowledge sharing and skills transfer between the early-stage ecosystem participants.
Through ESIF the EBRD will support selected best-in-class early-stage investment vehicles.
EUR 100 million framework. Maximum of EUR 10 million EBRD finance per sub-project.
Each sub-project will be required to raise 3rd party capital.
The individual sub-projects will all involve providing financing to financial intermediaries. Each sub-project will be required to comply with the EBRD Environmental and Social Policy requirements.
TC funding may be sought in the future.
Troy A. Weeks: email@example.com
Michael Parry: firstname.lastname@example.org
For business opportunities or procurement, contact the client company.
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Text of the PIP