NURITAS (EGFF)

Promoter – Financial Intermediary

NURITAS LTD

Location

• Ireland

Description

Nuritas is an innovative biotech based in Dublin, Ireland. The project aims at financing Nuritas' research, development and innovation (RDI) related costs and capital expenditure (Capex) in order to support their Artifical Intelligence (AI) platform and research activities. Nuritas technology is based on a proprietary AI and DNA analysis platform to accurately analyse billions of molecules and peptides in food to predict and identify how they impact specific health areas, molecular pathways or receptors.

Objectives

The transaction will help Nuritas increase and accelerate its investments in strategic RDI activities, particularly applications for targeting, discovering and unlocking bioactive peptides, as well as the expansion of laboratory analysis and the headquarters team.

Sector(s)

• Industry - Manufacturing

Proposed EIB finance (Approximate amount)

EUR 30 million

Total cost (Approximate amount)

EUR 96 million

Environmental aspects

The project mainly concerns RDI investments that are expected to be carried out in existing facilities already authorised for the same purpose and would therefore not require an Environmental Impact Assessment (EIA) under the Directive 2011/92/EU. Full environmental details will be verified during the appraisal.

Procurement

Nuritas is a private company not operating in the utilities sector and not having the status of a contracting authority. Thus, it is not covered by EU Directives on procurement. However, the promoter's procurement procedures are expected to be in line with EIB guidelines for private sector projects. The Bank's services will verify details during the project due diligence.

Status

Signed - 28/11/2018