ESCALAR: new European financing tool for SCALEUPS

The Escalar programme of the European Commission will double the investment already given to the most promising European Scaleups/Start-ups.

· A financing tool to support the growth of innovative companies that develop their activity in Europe.

· The 25% of European funds are guaranteed.

The main challenge of many companies nowadays that try to scale up in Europe, is not having enough money to grow. This problem could disappear with the call ESCALAR of the European Commission. Its main objective is that companies can continue growing and creating jobs in Europe. This programme will double the funds already given to European Scaleups/Start-ups with a financing budget of 100,000€ minimum, as well as specialised management. 50% of investment is backed by the European Fund for Strategic Investments (EFSI) of the European Investment Bank (EIB) with a guarantee of 25% DG-GROWTH through ESCALAR. Therefore, ESCALAR will enable the risk capital funding to increase a lot their investment capacity by financing the quasi-debt with EIB funding, guaranteed by the EFSI.

From Finnova Foundation, we invite all companies that are interested in scaling up (“ESCALAR” in Spanish) their business to continue growing and creating jobs. For more information, this afternoon the WEBINAR ESCALAR will take place: “EUROPEAN FUNDING FOR SCALEUPS” in the MIPIM webinar about Proptech House with professor Rudy Aernoudt, Chief economist of the European Commission, and Dirk Paelinck, co-founder of Proptech House. The call is today afternoon, 28th April at 4pm. To sign up: HTTP://bit.ly/3eAqPGJ

Finnova Foundation, Proptech House partners and boosters of Proptech Startup Europe Awards

CONTACT:

For any other enquiry: info@finnova.eu

In Brussels: 0032 475 97 4277

– Press officer:

Lola Bordás cmo@finnova.eu, Phone: +34 619 11 02