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.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Public Information Policy (PIP)
The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP
Project Complaint Mechanism (PCM)
The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.
Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (email@example.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.