Financing type: Equity
Programme: Sustainable Development Umbrella Fund (SDUF)
SDUF is an umbrella fund that incorporates thematic investment products having strategic and policy orientation alongside the generation of returns for investors. The SDUF Health Compartment is the first underlying compartment of the structure that has been launched. The Health Compartment is a fund of funds seeking to support increased collaboration and investment activity in the life sciences ecosystem in Europe.
Sector Focus: Life Sciences, with a diversified portfolio of funds focused on therapeutics, biologics, biotechnology, pharmaceuticals, medical technologies and devices, diagnostics, digital health and healthcare.
The initiative is supported by European Union through a cornerstone commitment of up to EUR 150 million under the European Fund for Strategic Investments (EFSI), and also entails cooperation between the EIF and EIT Health. Other resources are primarily coming from corporates operating in the pharma and med-tech industries, as well as health insurers, philanthropic investors and others.
Who is eligible
Life science Financial Intermediaries, meaning an investment fund or other collective investment scheme, established or in formation, that undertakes risk capital investments focused on life sciences targeting investments in therapeutics, biologics, biotechnology, pharmaceuticals, medical technologies and devices, diagnostics, digital health and healthcare in the form of equity or quasi-equity, but excluding entities targeting buy-out (or replacement capital) intended for asset stripping.
Financial intermediaries must be investing in eligible final recipients, which are SMEs and Small Mid-Caps established or operating in the European Union that are active in the life sciences sector including the abovementioned areas.