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Support for financing research, development and innovation

Take advantage of the benefits

More favourable financing conditions

Easier realisation of financing

Easier access to financing

Reduced requirements for insurance instruments

Long-term loans

Longer loan repayment periods

INNOVFIN Guarantee 

Privredna banka Zagreb d.d. and the European Investment Fund (EIF) have signed a warranty agreement that will allow PBZ to provide EUR 25 million worth of loans to innovative small, medium and mid-cap companies in Croatia.
The European Investment Fund (EIF) InnovFin Guarantee is financially supported by the European Commission through the Horizon 2020 financial instruments and the European Fund for Strategic Investments (EFSI). The EFSI was launched as part of the "Investment Plan for Europe" initiative, with the aim of supporting the financing and implementation of productive investments in the European Union, as well as enabling easier access to financing. It is intended for SMEs which are focused on research, development and innovation and have innovation potential.

Basic requirements

Basic requirements

Loan users

  • SMEs based on the EU definition (< 250 employees)
  • small mid-cap companies (≤ 499 employees)

Purpose of the loan

  • investment and working capital

Loan amount

  • from EUR 25,000 to EUR 7,500,000

Loan repayment term

  • 1 to 10 years


The loan may be included in the InnovFin Guarantee programme if one of the innovative eligibility criteria are fulfilled:

  • innovative products, processes or services of the latest technology used by entrepreneurs for the purpose of investing in the growth and development of business, and the promotion or introduction of new innovative products, processes or services
  • entrepreneur has innovation potential (receives grants, awards, has registered patents, etc.)
  • entrepreneur invests heavily in innovation research and development
  • entrepreneur is a fast-growing company
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