Borrowers financed under the InnovFin programme have opportunity to benefit from preferential interest rates
  • Develop your existing business
  • Finance new business idea
  • Get a preferential interest rate

General description

InnovFin programme is part of a joint initiative of the European Investment Fund (EIF) and the European Union (EU), implemented with the financial support of EU Research and Innovation programme "Horizon 2020".
 
The goal of InnovFin programme is to increase access to financing for those companies who are introducing innovative projects, as well as implementing certain novelty across the Country, the region, or within their own companies.
 
The Programme finances those borrowers, who belong to the SME or Small Mid-Cap segment per EU definition, employing no more than 499 people.
 
All borrowers financed under the InnovFin programme will benefit from preferential interest rates.

Terms

  • Purpose - Any purpose that serves to implement the novelty, except of covering other liabilities and private consumer use;
  • Loan amount – Maximum EUR 7,500,000 or equivalents in GEL and USD;
  • Loan currency – GEL, USD, EUR;
  • Loan term - Maximum of 10 years;
  • Financing fields – Unlimited;

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