FINOVA, within the scope of SAFPRI and along with COMPETE, designed two innovative financial instruments, as follows:
These investors, traditionally engaged in the management of technology-based, small-scaled companies, in “Pre-seed”, “Seed” or “Early Stage” phase, shall contribute to allow supported SME to develop innovation, growth and internationalization strategies.
The involvement of FINOVA in these Financing Lines is financed through EU funds from the COMPETE/QREN/FEDER.
Objectives and priorities
Promote the activity of venture capital investors (Business Angels)
Vehicles
Companies majority owned and managed by Business Angels (minimum of 3), which hold as investment policy to take stakes in the share capital of “Pre-seed”, “Seed” or “Early Stage” phase companies with 5 or less years (applicable to the first investment tranche). For this purpose, the concepts below shall have the following meaning:
Final beneficiaries
Companies certified as SME (PME) by IAPMEI, with a “CAE” covered by SAFPRI (Industry, Energy, Construction, Trade, Tourism, Transportation / Logistics, Services), with head-office in the regions NUTS II North, Centre and Alentejo, and in compliance with the conditions set forth under Article 8 of the SAFPRI Regulation.
Eligible projects
Development of creative projects and start-ups.
Conditions of financing of FINOVA
Medium-term loans granted by FINOVA, with maximum values as follows:
Investment policy
Based on the Business Plan and where applicable in other elements of analysis for each project and prospects for sustained profitability / viability, consistent with market conditions.
Total amount available for investment by Vehicles
15 million Euro.
ERDF (FEDER) contribution (via FINOVA)
10 million Euro.
Access the application form and apply for funding.
See our disclosure document and our line presentation.
Objectives and priorities
Encourage Business Angels for a larger and more active role in supporting SME.
Vehicles
Companies majority owned and managed by Business Angels, which hold as investment policy to take stakes in the share capital of companies in final incorporation or launch phase, provided this latter has occurred in a maximum period of three years, for the roll-out of innovative projects.
Final beneficiaries
Companies certified as SME (PME) by IAPMEI, with a “CAE” covered by SAFPRI (Industry, Energy, Construction, Trade, Tourism, Transportation / Logistics, Services), with head-offices in the regions NUTS II North, Centre and Alentejo and complying with the conditions set forth under Article 8 of the SAFPRI Regulation.
Eligible projects
Development of creative projects and start-ups.
Conditions of financing of FINOVA
Medium-term loans, with a maximum value of 500,000 Euro.
Investment policy
Based on the Business Plan and where applicable in other elements of analysis for each project and prospects for sustained profitability / viability, consistent with market conditions.
Total amount available for investment by Vehicles
43.28 million Euro
ERDF (FEDER) contribution (via FINOVA)
27 million Euro