| Project Detail |
The project concerns the promoters investments in research, development and innovation (RDI) in the field of innovative lighting solutions and components carried out primarily in Austria over the period 2024-2027.
Additionality and Impact
The Project supports the Promoters R&D in the field of innovative lighting solutions and components aiming at developing new lighting series and components with higher energy efficiency, improved connectivity with embedded IoT (Internet of Things) functionalities, improved sustainability, and higher degree of customisation.
The Projects activities are in line with the Banks IDHC (Innovation, Digital and Human Capital) public policy goal and therefore are eligible for the Banks financing under the Research, Innovation and Digital (RID) policy objective.
Part of the Project contributes to the Climate Action and Environmental Sustainability (CA&ES) cross-cutting objective. Part of the Project also supports the Banks economic and social cohesion cross-cutting policy objective.
The Project is eligible under Article 309 of the EU Treaty, point (c) Common interest as well as, partly, under 309, point (a) projects for developing less-developed regions.
The financing of this Project supports Research, Development, and Innovation (RDI) activities, which generate significant positive knowledge, technology, and environmental externalities, through the creation of innovative products and services and skills development and upgrading.
The proposed loan will contribute to the diversification of the borrowers financing sources and thus strengthen the overall financing position of the company. Further, the flexible disbursement conditions will positively contribute to the promoters cash flow and liquidity management. Lastly, the Banks significant support will provide a positive signalling effect to the market and underline the soundness of its RDI activities.
Objectives
The project aims at developing new lamp series and components with higher energy efficiency, improved connectivity with embedded IoT (Internet of Things) functionalities, improved sustainability, and higher degree of customisation.
Sector(s)
Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
EUR 192 million |
