ANNOUNCEMENT 17 May 2019

In May 2019, the European Investment Bank (EIB) signed a loan agreement with Intrinsic ID B.V. to support its investments related to its product development activities.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

The European Investment Bank, Financed Projects, INTRINSIC ID (EGFF): https://www.eib.org/en/projects/loans/all/20180732
The European Investment Bank, Project summary, INTRINSIC ID (EGFF): https://www.eib.org/en/projects/pipelines/all/20180732
Intrinsic ID B.V.: https://www.intrinsic-id.com/company/

Inception date: 17 May 2019 | Removal date: open ended
Still in force

State loan

On 17 May 2019, the European Investment Bank (EIB) and Intrinsic ID B.V. signed a loan agreement having a total value of EUR 11 million (approx. USD 12.3 million).

The loan will support the company's investment related to its product and software development activities. According to the EIB the loan will: "... will help Intrinsic ID maintain their competitive edge in an innovative technology, scale up their business thanks to turnkey solutions and value-added services offerings and pursue their growth strategy and geographic deployment."

Intrinsic ID is a cybersecurity company with a presence in both the United States and the Netherlands. The company provides "embedded authentication solutions based on SRAM Physical Unclonable Function (PUF) technology".

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.

AFFECTED SECTORS

 

AFFECTED PRODUCTS