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FEIS

“Fondo de Emprendimiento e Innovación Social”, F.C.R. PYME

What is it?

A Venture Capital Fund which initially receives a provision of 1.6 million

Interdepartmental commitment from the DFB (Provincial Council of Bizkaia):

  • Social Action Department
  • Economic Development Department

Objective

Support the promotion and consolidation of socially innovative business initiatives.

Finance novel, profitable and valuable initiatives for people and the environment.


Aimed at:

  • New companies or existing SMEs which promote entrepreneurship and social innovation.

Investment Requirements

  • Registered address and production centre in Bizkaia.
  • Companies with added social value in sectors of:

    Renewable energy, ecological agriculture, bio-construction, supporting people at risk of social exclusion, development cooperation, fair trade, …
  • Economic participation of the group promoting the project.
  • Growth and job creation potential
  • Be up to date with the tax and social security obligations.

Investment Instruments

Participation in Share Capital

  • Minority 45 % and temporary
  • Agreed exit: We give priority to the promoter group to buy back our participation.

Participative Loans

  • Amount up to Equity
  • Interest rate:
    • Fixed :Euribor + 2.5
    • Variable: according to results
    • Total cost: max Euribor + 5%
    • Term: Up to 7 years, 2 years grace period.
  • Subordinate enforceability
  • No additional guarantee
  • Investments up to 450,000 € in capital and loan (exceptionally for strategic and attractor projects up to 600,000 €).

Fund Participants

Fund Participants

[Fund Participants]


Business Results

Invested enterprises

Content not yet available.

Capital Contribution

Content not yet available.


Companies in which we have a Holding

  • KOIKI HOME, S.L

    Activity: Socially sustainable home delivery service, through the creation of employment in vulnerable groups, and environmentally, reducing the carbon footprint and collapse in the urban distribution of goods.

  • EVOLV REHABILITATION TECHNOLOGIES, S.L.

    Activity: Design, development and marketing of technological medical products for rehabilitation and orthopaedics.

    https://evolvrehab.com

  • URBEGI INSERCIÓN, S.L.U.

    Activity: Pressing, verification and recovery of brake forks and battery-mounting. It has as its purpose to promote people in a situation of socio-employment exclusion, encouraging processes that improve their training and skills, and developing actions aimed to their social insertion and employment.

    hhttp://www.gizatea.net/productos-y-servicios/urbegi-insercion-s-l

  • KUNSTHAL KOOP. ELK.

    Activity: Higher Art Teaching Centre.

    http://www.kunsthal.es