What we do
Coronavirus outbreak: EIB Group’s response to the pandemic
Equity products
Technology Transfer
European Angels Fund (EAF) - Co-investments with Business Angels
Venture capital
The Social Impact Accelerator (SIA)
Lower mid-market
Mezzanine Facility for Growth
Pan-European Venture Capital Fund(s)-of-Funds programme
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
ESCALAR Programme
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EFSI Private Credit Programme
AGRI Guarantee Facility
AGRI Italy Platform Uncapped Guarantee Instrument
Credit enhancement
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ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
Skills & Education Guarantee Pilot
EREM debt products
Single EU Debt Financial Instrument
COSME - Loan Guarantee Facility
InnovFin SME Guarantee Facility
Documentary Finance Facility – Bulgaria
The SME Initiative
The SME Initiative Bulgaria
The SME Initiative Finland
The SME Initiative Italy
The SME Initiative Malta
The SME Initiative Romania
The SME Initiative Spain
Asset Management Umbrella Fund (AMUF)
Inclusive finance
EaSI Financial Instruments
EaSI Capacity Building Investments Window
EaSI Guarantee Instrument
EaSI Funded Instrument
European Progress Microfinance Facility
Entrepreneurs supported through Progress Microfinance
European Fund for Strategic Investments (EFSI)
How does EIF contribute to EFSI
How to apply for EFSI financing
Regional Development - Country and sector-specific initiatives
German Corona Matching Facility (CMF)
Portugal Growth programme
Croatian Growth Investment Programme (CROGIP)
AGRI Italy Platform Uncapped Guarantee Instrument
ALTER’NA – ESIF EARFD Nouvelle-Aquitaine
Baltic Innovation Fund 1 (BIF 1)
Baltic Innovation Fund 2 (BIF 2)
Central Europe Fund of Funds (CEFoF)
Croatian Venture Capital Initiative (CVCi FoF)
Competitiveness Fund-of-Funds for SMEs in Romania
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
Dutch Growth Co-Investment Programme
Dutch Venture Initiative (DVI-II)
ESIF Fund-of-Funds Greece
EAFRD FoF Portugal
EAFRD FoF Romania
The ERP-EIF Facility
ERP-EIF Co-Investment Growth Facility
The LfA-EIF Facilities
INAF – French National Agricultural Initiative
ESIF Energy Efficiency and Renewable Energy Malta
Regional Fund-of-Funds Romania
ESIF Fund-of-Funds Czech Republic
The Silesia EIF Fund of Funds
La Financière Région Réunion
The EIB Group Risk Enhancement Mandate (EREM)
EstFund
FOSTER TPE-PME Occitanie
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
InvestBG Equity Instrument
JEREMIE
JEREMIE Romania Reflows – Equity Instrument
Luxembourg Future Fund (LFF)
Mezzanine 'Fund of Fund' for Germany (MDD)
Polish Growth Fund of Funds (PGFF)
Portugal Venture Capital Initiative (PVCi)
Scottish-European Growth Co-Investment Programme
Slovene Equity Growth Investment Programme (SEGIP)
Swedish Venture Initiative (SVI)
Turkish Growth and Innovation Fund (TGIF)
Western Balkans Enterprise Development & Innovation Facility (WB EDIF)
EAFRD FoF Greece

The ERP-EIF Facility

The ERP-EIF Facility is a joint initiative of the German Federal Government and the EIF providing venture and growth capital financing with a focus on high-tech early and later stage companies in Germany. 

The Facility has been mandated by the German Federal Ministry for Economic Affairs and Energy (BMWi) on behalf of the German ERP Special Fund (ERP Sondervermögen) in 2004, and since then, it has been increased subsequently on five occasions.

The current volume of the ERP-EIF Facility is EUR 3.2bn, funded by ERP Special Fund resources managed and complemented by the EIF, and consists of the following sub-programmes:

  • The ERP-EIF VC fund of funds (Dachfonds), investing in VC funds with aggregate volume of EUR 2.7bn (incl. EAF Germany below), with around 100 fund investments in mid-2020.
  • The European Angels Fund Germany (EAF Germany), investing in joint portfolios with experienced business angels with an aggregate volume of EUR 270m, through approximately 50 business angels and family offices in mid-2020.
  • The ERP-EIF Growth Facility (Wachstumsfazilität), with an aggregate volume of EUR 500m,  investing in co-investment funds managed by VC fund managers already supported by the Facility, in order to provide expansion financing for strong growth companies within their portfolios; with around 10 fund investments in mid-2020 .

Altogether, intermediaries under the ERP-EIF Facility have made more than 2 000 SME investments to date. Even though funds are not restricted to investing solely in German companies, their main focus of investments should be in Germany.

The ERP-EIF facilities covers all technology areas including ICT, life sciences, energy related innovations, as well as emerging and converging technologies). Innovators such as Flixbus have received support from this targeted programme. Find more success stories in our digital brochure.

More specifically, our objectives under the ERP-EIF Facility are to:

  • seek attractive financial returns
  • help structuring and improving the business proposition of VC teams
  • be a pari passu cornerstone investor for commercially viable teams
  • promote best industry practice (fund structures, governance)
  • provide a catalytic role through high quality due diligence process
  • be a network gateway for VCs through EIF's large portfolio
  • be a reliable and active investor and adding value throughout the investment process

The success of the ERP-EIF Facility speaks for itself: not only did this initiative help reignite the German VC ecosystem, but its model of developing and deploying local mandates to address specific gaps has been replicated at a regional level in Germany, and in other European markets.

Are you a fund manager interested in partnering with us under the ERP-EIF Facility?

The ERP-EIF Facility aims at investing teams with complementary Venture Capital, technology and industry experience with an investment focus on Germany. EIF may not participate in funds where public funding (incl. EIF) is expected to exceed 50% of the fund's funding, after its target fundraising level is achieved.


Read more information here on how to submit and what to include in a fund proposal to the EIF: EIF for Venture Capital & Private Equity funds.

To apply for under EAF Germany please see more about the European Angels Fund here.

Information for SMEs

 

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Note: Following the recent withdrawal of the United Kingdom from the European Union, we are updating the relevant EIF.org pages.

 
 

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