Juncker Plan gives start-ups access to cheap capital, competitive interest rates, and funding at an earlier stage
Target beneficiaries are research-based and innovative SMEs, companies with a real commitment into innovation and companies having already raised funds. Moreover, guarantee backed loans may be complementary to angel investor or venture capital funding.
This programme, which will run over two years, is based on agreements signed in 2015 between the European Investment Fund (EIF) and two banks in Luxembourg in order to provide small and medium sized companies incorporated in Luxembourg a total of EUR 111 million worth of loans for investments, working capital and business transfers. Eligible borrowers have to fulfil some innovation relative criteria established by the EIB.
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