EN3 | Updates

By EN3-Team

Final Phase of EN3's Funding Campaign – EN3 Completes Phase 1 of the EU Horizon 2020 Program Early

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Dear Companists,

As you already know, we are one of the very few German high-tech start-ups accepted by the EU Horizon 2020 program. Only 6 % of the more than 2600 companies that applied were chosen for this program by the EU.

The EU requires companies willing to join the program to have a technology and a business model that may play a major role within future markets. In the first round of the program, EN3 received evaluations ranging from good to very good from the EU committees involved (see here).

 

Application for Phase 2 Completed

Today, we are pleased to inform you that we have met all requirements of phase 1 (a feasibility study) earlier than expected and have completed our application for phase 2 at the same time. We will submit this application at the next possible date defined by the EU.

 

Capital Would Not Have to Be Repaid

By means of this application, we plan to receive at least 1.5 million euros in additional capital. The capital provided in the context of this EU program does not have to be repaid, i.e., it is no loan but a grant to the company that covers up to 70 % of the costs and supports the company's development over the long term.

 

Company Development over the Last Few Months

Since our crowdfunding campaign here on Companisto will end in a few days, we would again like to provide you with a brief overview of everything that happened during the last few months:

 

  • The qualification for the EU Horizon 2020 program
  • An investment of 1.5 million euros by a European investor and a potential second investment of the same amount by additional investors (read more here)
  • An agreement with a leading biogas plant operator in Germany on the installation of a pilot system and with the option of installing 40 identical systems (read more here)
  • A sales partnership with an experienced German company in China to tackle the market there (read more here)

 

We would like to thank you so much for your support during our campaign, and we are already looking forward to our future cooperation!

Best regards,

The EN3 team



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Investments in crowdfunding projects offer great opportunities, but they are risk investments. In the worst case, the entire investment amount may be lost. Consequently, these investments are unsuitable for retirement plans. However, there is no obligation to make further contributions. Investors can minimize their risk by splitting their investment amount between crowdfunding campaigns rather than investing all of it in one crowdfunding campaign. Professional investors often follow this strategy because it causes the risk to be distributed among several investments. In this way, successful investments can balance other less successful investments.

The shares of the Companists are subordinated profit-participating loans (partiarische Nachrangdarlehen). Such loans are shares in a business with similar characteristics as equity. If the company becomes insolvent or is liquidated, the claims of the Companists – just like those of all other shareholders of the company – will be satisfied from the assets in the insolvency or the assets in liquidation only after the claims of all other external creditors have been satisfied. Thus, Companists are treated like any other shareholder of the company during insolvency or liquidation proceedings.

The company information published on the Companisto website is provided solely by the companies. The projections made by the companies do not guarantee successful development of the company in the future. Consequently, crowdfunding investments are suitable only for those investors who can cope with the risk of a total loss of the capital invested. Investors make their own independent investment decisions and bear all risks themselves.

The investments are provided and issued by the individual companies. Companisto is neither the provider nor the issuer of the investments, but solely the internet service platform.

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