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Operational programme "Innovations and Competitiveness"

Description of the instruments, objectives, and performance indicators.

Benefits of financial instruments

Overcoming market imperfections

Financing is provided to target groups with limited access to financial resources, but whose economic activity is important for achieving the objectives of the respective European program.

Financial instruments offer more favorable conditions compared to parameters for other similar financial products, for example those offered by banks.

Leverage effect

In addition to public funds, financial instruments mobilize private financing, which increases the total amount of support for end recipients.

Recycling of funds

Repaid/recovered funds from financed projects, as well as potential other revenues from them, are used again to support other eligible end recipients and projects.

Financial discipline

Funds provided through financial instruments are subject to return/repayment by end recipients. This leads to more efficient use of public resources compared to grant financial assistance and reduces the likelihood that enterprises will develop dependence on it.

Transfer of knowledge and experience

End recipients can benefit from the expertise of financial intermediaries and their partners from the private sector for structuring economically viable projects.

Financial instruments by program

Operational programme "Innovations and Competitiveness"

2014 - 2020

Seed / Acceleration and Start-Up Fund
1. Market consultations
2. Preparation of the documentation
3. Application of financial intermediaries
4. Review of offers and negotiations with candidates
5. Selected financial intermediaries
6. Funding of final recipients
The instrument is inactive or the investment period has ended
€70,90M
Mezzanine / Growth Fund
1. Market consultations
2. Preparation of the documentation
3. Application of financial intermediaries
4. Review of offers and negotiations with candidates
5. Selected financial intermediaries
6. Funding of final recipients
The instrument is inactive or the investment period has ended
€38,50M
Venture Capital Fund
1. Market consultations
2. Preparation of the documentation
3. Application of financial intermediaries
4. Review of offers and negotiations with candidates
5. Selected financial intermediaries
6. Funding of final recipients
The instrument is inactive or the investment period has ended
€33,30M
First Loss Portfolio Guarantees COVID-19
1. Market consultations
2. Preparation of the documentation
3. Application of financial intermediaries
4. Review of offers and negotiations with candidates
5. Selected financial intermediaries
6. Funding of final recipients
The instrument is inactive or the investment period has ended
€170,72M

Operational programme "Innovations and Competitiveness"

Financial intermediaries

The public resource managed by the company reach the final recipients through financial intermediaries—banks, financial institutions, fund managers, etc.

They carry out the selection, financing, and monitoring of investments.

All financial intermediaries