- Sector
- Mixed
- Level of governance
- EU
- National
- Country
- Portugal
- Lighthouse
- Atlantic and Arctic basin
- Funding mechanisms
- Grants
- Other
- Managing institutions
- European Investment Fund
- Banco Português de Fomento (BPF)
- Mission Objectives
- 3. Carbon Neutral and Circular Blue Economy
Description of the funding initiative
The Growth Blue Fund I, focusing on Portugal, is part of an equity initiative that brings together the European Maritime, Fisheries and Aquaculture Fund (EMFAF), the European Investment Bank (EIB), the European Investment Fund (EIF), and InvestEU finance. The fund is currently investing in SMEs and small mid-caps in Portugal, to support the growth and internationalisation of companies in aquaculture, blue bioeconomy, offshore energy and applied technologies. The Growth Blue Fund aims at investing in 8 to 12 companies with equity and quasi-equity tickets above €1.5m.
Overview of eligibility requirements for applicants
- Preferably investing in blue economy companies operating in Portugal
- SMEs, Mid-cap companies, and technology transfer projects
- At time of first investment by the EIF, no operations in any of the economic sectors referred to as ‘EFI Restricted Sectors’ (https://www.eif.org/news_centre/publications/2010_Guidelines_for_Restri…)
Rules on co-financing
For the Growth Blue Fund I, maximum funding share is 70 %.
Procedures to submit proposal
For the Growth Blue Fund I:
- at the level of venture capital funds, contact BPF (bpfomento@bpfomento.pt, https://www.bpfomento.pt/pt/contactos/)
- at company level, contact the fund management company: Faber Ventures (www.faber-ventures.com)
Relevant websites
Growth Blue Fund I: https://investeu.europa.eu/investeu-operations/growth-blue-fund-i_en
Growth Blue Fund I in Portugal: https://www.bpfomento.pt/pt/catalogo/portugal-blue/ (in Portuguese)
Contact points
