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    Signature(s)

    Amount
    € 8,000,000
    Countries
    Sector(s)
    Poland : € 8,000,000
    Services : € 8,000,000
    Signature date(s)
    22/12/2023 : € 8,000,000
    Link to source

    Summary sheet

    Release date
    25 March 2024
    Status
    Reference
    Signed | 22/12/2023
    20220854
    Project name
    Promoter - financial intermediary
    NOMAGIC II (IEU TI)
    NOMAGIC INC
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 8 million
    EUR 19 million
    Location
    Sector(s)
    Description
    Objectives

    The project mainly aims to support Nomagic's research, innovation and development (RDI) activities over the period 2023-2025.

    Nomagic is a Polish robotics company specialised in 'pick & place' robots, primarily used in warehouses. In particular, the company offers an artificial intelligence enabled robotic arm that picks, inspects, analyses and places products. The aim is to finance the further automation of retail fulfilment through the development of robotic solutions for warehouses.

    Additionality and Impact

    Nomagic is a Polish robotics company specialised in pick & place robots primarily used in warehouses. The company offers an artificial intelligence enabled robotic arm that picks, inspects, analyses and places products.


    The project supports the policy objective of innovation and digitalisation by supporting an innovative start-up offering autonomous robots for the use in warehouses. The project generates significant positive RDI externalities through the application of the technology in various industries and through knowledge spill-overs to clients and business partners in the area of robotics and artificial intelligence.


    The project is therefore strengthening the EU's market position in the context of automation and digitalisation and enhancing the competition in this field. EIB provides the SME with tailored venture debt financing, enabling the company to continue its growth. Without the EIB financing, Nomagic would not be able to scale up so rapidly.

    Environmental aspects
    Procurement

    The related activities will be performed in existing buildings with no relevant environmental impacts expected. The project does not fall under the environmental impact assessment (EIA) Directive 2014/52/EU (amending EIA Directive 2011/92/EU) therefore no EIA is required.

    The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having a status of a contracting entity, and is thus not subject to EU rules on public procurement.

    Milestone
    Under appraisal
    Approved
    Signed
    3 October 2023
    22 December 2023
    Related projects
    Link to source
    Summary sheet

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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