| Project Detail |
The project concerns the promoters investments in Research, Development and Innovation (RDI) in the field of door opening and entrance systems, automation, identifications and access control systems. The related activities will be carried out in Europe over the period 2023-26.
Additionality and Impact
The project concerns RDI in the field of door opening and entrance systems, and the related automation, identification and control functions, aiming to improve security, safety functionality and convenience.
The project addresses the market failure of imperfect competition, as it contributes to expanding the competitive space for new product technologies, and the failure in financial markets for RDI, arising from higher cost of financing due to the inherent uncertainty about RDI activities.
The projects activities will be carried out in multiple EU locations and, partly, in Switzerland and Norway. The part of the project carried out in the EU is eligible for financing under Article 309 (c), Common interest. The part of the project carried out in Switzerland and Norway is covered by Banks EFTA Mandate.
Part of the project concerns investments in cohesion areas in Poland and would be eligible also under Article 309 point (a), Projects for developing less-developed regions.
The projects activities are eligible for the Banks financing under Banks Public Policy Goal Innovation, Digital and Human Capital (IDHC).
The Banks contribution to the project is also supported by a combination of its advantageous terms, flexible availability and utilisation of the loan, as well as helping crowd-in other financiers, thereby facilitating the projects financing and full implementation.
Objectives
The aim is to develop new products through the application of innovative technologies. The project supports the promoter in better addressing the emerging needs of final users in terms of safer, accessible and more sustainable and secure entrance and access systems.
Sector(s)
Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 320 million
Total cost (Approximate amount)
EUR 673 million |
