Neotec Capital Riesgo is a Spanish-based EUR 183m 'Fund of Funds' launched by the EIF in cooperation with the Centre for the Development of Industrial Technology (CDTI: Centro para el Desarrollo Tecnológico Industrial), the tech transfer office of the Spanish Ministry of Innovation and several other private investors, mainly Spanish blue chip companies. First closing was in February 2006 at EUR 175m, and final closing in June 2006 at EUR 183m, to which the EIF committed EUR 50m.

With the investment period now over, Neotec has signed commitments that fully utilise the investment capacity of the programme. Excluding the expired co-investment agreements, Neotec has supported 14 venture capital funds that are based, or mainly active, in Spain – therefore acting as a catalyst for the development of the venture capital market in the country and boosting investment in innovative Spanish SMEs.

For Fund Management Companies wishing to cooperate with EIF :

For more information on how to submit an investment proposal to EIF see: EIF for Venture Capital & Private Equity funds

For SMEs :

If you are looking for funding and would like to see which financial intermediaries currently cooperate with us, please visit http://www.eif.org/what_we_do/where/index.htm and contact the intermediary in your country directly
For information about finance available under further EU initiatives, please visit http://europa.eu/youreurope/business/funding-grants/access-to-finance

Neotec Capital Riesgo Sociedad de Fondos, S.A. S.C.R. and Coinversión Neotec, S.A. S.C.R. (collectively, the “Neotec Companies”) defined with the assistance of the EIF certain excluded sectors in which the Neotec Companies were prohibited to invest directly or indirectly. The selection of such sectors is aligned with the EIF’s ESG policy (EIF Environmental, Social and Corporate Governance (ESG) Principles) as well as with investment considerations meant to avoid inter alia any actual or potential material social, governance and/or environmental negative impact on the performance of the Neotec Companies. Such excluded sectors were integrated in the investment and decision-making process of the Neotec Companies.

In relation to sustainability risks, the Neotec Companies do not intend to consider adverse impact of investment decisions on sustainability factors at the present time considering that the Neotec Companies are fully invested and also it is not clear whether there is sufficient data, and data of a sufficient quality, to support entities that do so, across all of the types of asset classes, industries and sectors in which investments were made. Sustainability factors are environmental, social and employee matters, respect for human rights, anti-corruption and anti-bribery matters. For the avoidance of doubt, the fact that Neotec Companies do not consider an adverse impact on sustainability factors is without prejudice to applicable Anti-Money Laundering and Combatting Financing of Terrorism regulations.

HIGHLIGHTS

New funding available for technology-driven SMEs in Spain

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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