Creating transformation and value through restructuring
|
|
- Helena Walters
- 5 years ago
- Views:
Transcription
1 Creating transformation and value through restructuring
2 Panel Moderator James Deiotte Tax Leader EY Africa Panel Grant Pattison Michael Dorn Robert Appelbaum CEO and Executive Chairman NRG Renew Africa Johannesburg, SA Managing Director AlixPartners, Munich Germany Partner Webber Wenzel Johannesburg, SA Mwendamo Isaac Mazaba Chief Financial Officer Liquid Telecom Lusaka Zambia Clifford Sacks Partner and Africa Leader Strategic Transactional Advisory Services Eric Nguessan Partner and Tax Leader Côte d'ivoire Juan Santambrogio Restructuring Specialist EY s Restructuring Practice Atlanta, Georgia, USA Page 2
3 Asking the right questions In 2013, we focused on how Boards were responding to tax matters, especially concerning reputation and brand. In 2014, we focused on key drivers that support strong entrepreneurial ecosystems. The impact of regulations, taxes and funding sources, including the Johannesburg Stock Exchange, were highlighted. Today, we focus on why capital may not flow into Africa more swiftly; Are upside opportunities undervalued? Are downside risks overestimated? Page 3
4 Why is this conversation important?
5 Expand funding for a strong entrepreneurial ecosystem Sources of funding business enterprises Revenues Entrepreneur, friends of family Government grants (e.g., R&D) & SME purchasing focus Incubator or accelerators Seed or early stage VC Crowdfunding Angel investors Government export schemes & grants Corporate accelerator / supplier development Formal VC & growth capital Speciality bank loans and guarantees Public stock market Private equity Pre-seed Seed Start-up Emerging Development stage Rapid-growth Expansion or market leader Focus in 2014 Focus in 2015 Page 5
6 Life cycle for all enterprises Page 6
7 Realities of a business life cycle Page 7
8 The leverage pendulum and control Page 8
9 What exactly is a restructuring?
10 What exactly is a restructuring?. Page 10
11 Are taxes important when everyone has lost investment value?
12 Focus on taxes Enterprise Owners Lenders Attributes Debt forgiveness Intercompany/cross-border structures Loss realized and recognized Characterization Impairment and partial loss versus complete loss Bad debts timing and characterization Receipt of equity in lieu of debt Vendor impact and indirect taxes Page 12
13 What does it take to achieve real transformation?
14 Steps to transformation and restructuring Create clarity around why to restructure Design a plan that accomplishes the restructuring Assemble experienced advisors Market the plan to key stakeholders Execute the plan Page 14
15 Building toward a successful outcome Page 15
16 Stakeholders Page 16
17 Assembling teams supporting management and legal counsel Page 17
18 Building toward a successful outcome Sometimes you have to hit rock bottom before you can rise again He has been given 18 months If I don t get the balance sheet issues resolved, I can t do anything else We don t have a choice. These choices have been made for us, a long time ago. The world allows you to clear the slate. But we don t do it without cost. Page 18
19 EY Assurance Tax Transactions Advisory About EY EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com EYGM Limited. All Rights Reserved. EYG no. DL1435 This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice. ey.com
EY Darden Master Class Programme
EY Darden Master Class Programme Entrepreneurship: Creating, Leading, Transforming 25 27 September 2017 Programme 25 September 10:30am 6:00pm 26 September 8:30am 6:00pm 27 September 8:30am 3:30 pm Alumni
More informationCan Africa, India and the Middle East (AIM) transform the world s economic outlook?
Can Africa, India and the Middle East (AIM) transform the world s economic outlook? The better the question. The better the answer. The better the world works. AIM Africa India Middle East Borderless advisory
More informationCan shifting sands be a solid foundation for growth?
EY Growth Barometer 2017 Hong Kong highlights Can shifting sands be a solid foundation for growth? How Hong Kong businesses are driving their growth agenda 2 EY Growth Barometer Hong Kong. Can shifting
More informationConnecting Startups to VC Funding in Canada
Technology & Life sciences Connecting Startups to VC Funding in Canada introduction While the majority of respondents have accessed early seed investment from friends, family and angel investors, many
More informationUK FinTech. On the cutting edge. An evaluation of the international FinTech sector. Executive summary abridged report.
UK On the cutting edge An evaluation of the international sector Executive summary abridged report Commissioned by: Foreword Financial Technology or is fundamentally changing the way financial services
More informationNavigating the road to Opportunities and challenges for telecom operators in the Middle East
Navigating the road to 2020 Opportunities and challenges for telecom operators in the Middle East 2 Navigating the road to 2020: opportunities and challenges for telecom operators in the Middle East Executive
More informationVIRTUAL BUSINESS INCUBATOR. Business Model Canvass
VIRTUAL BUSINESS INCUBATOR Business Model Canvass MISSION To unite the global entrepreneurial ecosystem in the development of an affordable virtual business incubator for early stage startups. CUSTOMER
More informationSpeaker Pre-Session Meeting Schedule
Speaker Pre- Meeting Schedule It is very important you are at your pre-session meeting at the time specified. You will be able to meet your fellow panellists and your EnergyNet host for the session to
More informationFinancial Support Business Start Ups and Growth Companies. September 2011
Financial Support Business Start Ups and Growth Companies September 2011 1 1 2 Our Role Financial Support Agenda 3 Other Support 4 Access Support 2 Irish owned enterprise Policy analysis and advice Inward
More informationCanadian Accelerators
Canadian Accelerators Company Focus Conditions Description Sherbrooke,QC Innovative firms and/or start-up technologies Cash investment up to $20,000, professional services in kind, and 5% equity investment
More information1. SUMMARY. The participating enterprises reported that they face the following challenges when trying to enter international markets:
1. SUMMARY Growth-oriented entrepreneurs, especially those in small countries and those that are highly innovative, often look to international markets to grow their business. From a development perspective,
More informationFinTech Adoption Index Russia. Key Trends June 2016
FinTech Adoption Index Russia Key Trends June 2016 What is FinTech? Organizations combining innovative business models and technology to enable, enhance and disrupt financial services. FinTech started
More informationSocial and economic performance of French digital business start-up. Barometer 2015
Social and economic performance of French digital business start-up Summary 1. Methodology 2. Executive summary 3. Key figures 3.1 Revenues 3.2 Fund raising 3.3 Innovation support 3.4 People 3.5 Value-sharing
More informationInnovation and Entrepreneurship. Thomas O Neal Associate Vice President Office of Research and Commercialization University of Central Florida
Innovation and Entrepreneurship Thomas O Neal Associate Vice President Office of Research and Commercialization University of Central Florida About UCF Second largest university in the nation 60,000 students
More informationEntrepreneurs call on G20 to stimulate job creation and growth
Entrepreneurs call on G20 to stimulate job creation and growth EY G20 Entrepreneurship Barometer 2013 highlights Australia, Canada, South Korea, UK and US as entrepreneurial hot spots Significant variations
More informationEuropean Investment Fund in Support of Tech Transfer
European Investment Fund European Investment Fund in Support of Tech Transfer This presentation was prepared by EIF. Any estimates and projections contained herein involve significant elements of subjective
More informationAccess to finance for innovative SMEs
A policy brief from the Policy Learning Platform on SME competitiveness July 2017 Access to finance for innovative SMEs Policy Learning Platform on SME competitiveness Introduction Entrepreneurship is
More informationStartup Ecosystem Infrastructure
Startup Ecosystem Infrastructure Who is it for? For organizations that are part of startup ecosystems Universities Advisory & mentoring organizations Incubators Accelerators Co-working spaces Service Providers
More informationU.S. Startup Outlook 2017
U.S. Startup Outlook 2017 A SILICON VALLEY BANK SURVEY OF U.S. ENTREPRENEURS ABOUT BUSINESS CONDITIONS AND POLICY PRIORITIES @SVB_Financial #StartupOutlook Strength in the Innovation Sector Silicon Valley
More informationThe Ultimate Guide to Startup Success:
The Ultimate Guide to Startup Success: Launching a startup is an exciting prospect, but one that is also fraught with considerable challenges. Bringing a new idea to the marketplace requires more than
More informationChina Startup Outlook Key insights from the Silicon Valley Bank Startup Outlook Survey
China Startup Outlook 2018 Key insights from the Silicon Valley Bank Startup Outlook Survey LETTER FROM SVB CEO CHINA STARTUP OUTLOOK 2018 2 Startups enter 2018 with confidence For the ninth year, Silicon
More informationI 2 Program Frequently Asked Questions
I 2 Program Frequently Asked Questions What is the Genome BC Industry Innovation (I 2 ) Program? The I 2 Program offers repayable growth capital to businesses (with less than 500 employees), commercializing
More informationBenchmark. Middle East hotel benchmark survey report July 2015
Benchmark Middle East hotel benchmark survey report July 215 The hotel benchmark report provides a monthly performance overview of leading hotels in the Middle East. The hotel set includes international
More informationSTate of the SGB Sector Executive Summary
STate of the SGB Sector Executive Summary 20 Snapshot of the Sector 20 SGB Sector 22 SGB investment vehicles were launched in 20; median target fund size was $66.5 million. 15 SGB investment vehicles reached
More informationFunding Options and What They Mean: From Angels to Venture UNIVERSITY STARTUP DEVELOPMENT WEBINAR SERIES
Funding Options and What They Mean: From Angels to Venture UNIVERSITY STARTUP DEVELOPMENT WEBINAR SERIES 1 SPEAKERS Glenn Vonk, PhD Director of Business Development and Alliances Former Director of Advanced
More informationHow BDC Supports Entrepreneurs in Canada. Michel Bergeron, VP Corporate Relations September 29, 2011
How BDC Supports Entrepreneurs in Canada Michel Bergeron, VP Corporate Relations September 29, 2011 Accelerate entrepreneurs success Our mission Help create and develop Canadian businesses through financing,
More informationAn Outlook of the Chilean Venture Capital Industry
An Outlook of the Chilean Venture Capital Industry Rodrigo Castro Chairman Chilean Venture Capital Association Chile Day 2017 London UK Content 1 What is Venture Capital? 2 Venture Capital Timeline in
More informationBenchmark. Middle East hotel benchmark survey report
Benchmark Middle East hotel benchmark survey report uary 215 The hotel benchmark report provides a monthly performance overview of leading hotels in the Middle East. The hotel set includes international
More informationBenchmark. Middle East hotel benchmark survey report
Benchmark Middle East hotel benchmark survey report December 214 The hotel benchmark report provides a monthly performance overview of leading hotels in the Middle East. The hotel set includes international
More informationBenchmark. Middle East Hotel Benchmark Survey Report
Benchmark Middle East Hotel Benchmark Survey Report November 214 The hotel benchmark report provides a monthly performance overview of leading hotels in the Middle East. The hotel set includes international
More informationSMALL BuSiNESS AdMiNiSTRATiON
2010 SMALL BuSiNESS AdMiNiSTRATiON Funding Highlights: Provides $28 billion in loan guarantees to expand credit availability for small businesses. Supports disaster recovery for homeowners, renters, and
More informationCraft Beer: The Funding Landscape
Craft Beer: The Funding Landscape Adam Hardie Partner, Head of Food & Drink Johnston Carmichael 22 June 2017 Introduction to Johnston Carmichael Largest Scottish accountancy firm, with 57 Partners and
More informationVISION 2020: Setting Our Sights on the Future. Venture for America s Strategic Plan for the Next Three Years & Beyond
VISION 2020: Setting Our Sights on the Future Venture for America s Strategic Plan for the Next Three Years & Beyond Published September 2017 2 A NOTE FROM OUR CEO Dear Friends and Supports of VFA, We
More informationSourcing Innovation From the Migration of Companies To, From and Between Emerging Markets
Sourcing Innovation From the Migration of Companies To, From and Between Emerging Markets Tom Sweeney CEO & Managing Director STEM 7 Capital Partners Ltd Big Trend: The Globalization of the Commercialization
More informationThe power of three. Together, governments, entrepreneurs and corporations can spur growth across the G20. The EY G20 Entrepreneurship Barometer 2013
The power of three Together, governments, entrepreneurs and corporations can spur growth across the G20 The EY G20 Entrepreneurship Barometer 2013 Country profiles Argentina Australia Brazil Canada China
More information...Let s talk business. Sources of Financial Support
...Let s talk business Sources of Financial Support Sources of Financial Support for your Business Getting enough of the right funding is one of the more difficult tasks that you will face as a new entrepreneur.
More informationOECD LEED Local Entrepreneurship Review, East Germany : Action Plan Districts Mittweida (Saxony) and Altenburger Land (Thuringia)
This "ActionPlan" builds on recommendations given in the draft summary report on the districts Mittweida (Saxony) und Altenburger Land (Thuringia), March 2006, presented at a regional workshop on 20 March
More informationSocial Entrepreneurship. Non-Profits...Social Enterprises Real World Businesses with a Double Bottom Line
Non-Profits...Social Enterprises Real World Businesses with a Double Bottom Line In for-profit businesses, profit measured by: financial return In most nonprofits, return is measured by: Social value/public
More informationBDC s Annual Public Meeting September 7, Remarks by Sam Duboc, Chairperson of the Board, BDC, and Michael Denham, President and CEO, BDC
BDC s Annual Public Meeting September 7, 2017 Remarks by Sam Duboc, Chairperson of the Board, BDC, and Michael Denham, President and CEO, BDC CHECK AGAINST DELIVERY Sam Duboc, Chairperson of the Board,
More informationResource Acquisition & Sources of Funding. Lecturers: Dr. Samuel C.K. Buame & Mr. Shelter S.K. Teyi Contact Information:
Resource Acquisition & Sources of Funding Lecturers: Dr. Samuel C.K. Buame & Mr. Shelter S.K. Teyi Contact Information: skbuame@ug.edu.gh College of Education School of Continuing and Distance Education
More informationANDE CDO Working Group Incubator/Accelerator Presentation
ANDE CDO Working Group Incubator/Accelerator Presentation BACKGROUND, APPROACH & METHODOLOGY Scope of Project o I-DEV hired by the Regional Government of Cajamarca (Peru), Avina & GIZ to: 1. Conduct analysis
More informationStarting Your Own Business: The Entrepreneurship Alternative
Starting Your Own Business: The Entrepreneurship Alternative www.wileybusinessupdates.com Chapter Six Copyright 2015 John Wiley & Sons, Inc. Learning Objectives 2 1 2 Define entrepreneur Identify the different
More informationBusiness Incubation. Entrepreneurship and Innovation
Business Incubation as a Tool for Promotion of Entrepreneurship and Innovation Advancing Innovation in ECA 2007 Regional Conference of ECAbit Yerevan, Armenia, September 17, 2007 Valerie D Costa, infodev
More informationUS Startup Outlook Key insights from the Silicon Valley Bank Startup Outlook Survey
US Startup Outlook 2018 Key insights from the Silicon Valley Bank Startup Outlook Survey LETTER FROM SVB CEO US STARTUP OUTLOOK 2018 2 Startups enter 2018 with confidence For the ninth year, Silicon Valley
More informationHEALTH TRANSFORMATION: An Action Plan for Ontario PART V OF THE ONTARIO CHAMBER OF COMMERCE S HEALTH TRANSFORMATION INITIATIVE.
HEALTH TRANSFORMATION: An Action Plan for Ontario PART V OF THE ONTARIO CHAMBER OF COMMERCE S HEALTH TRANSFORMATION INITIATIVE www.occ.ca ABOUT THE ONTARIO CHAMBER OF COMMERCE For more than a century,
More informationNew Zealand Procurement Excellence Awards 2018 Nomination Pack
New Zealand Procurement Excellence Awards 2018 Nomination Pack Introduction The New Zealand Procurement Excellence Awards represent a key reference point for the future of New Zealand s position as a leader
More informationTHE ITALIAN AGENDA POLICIES AND STRATEGIES FOR INNOVATION STEFANO FIRPO
THE ITALIAN AGENDA POLICIES AND STRATEGIES FOR INNOVATION STEFANO FIRPO ITALIAN MINISTRY OF ECONOMIC DEVELOPMENT HEAD OF MINISTER S TECHNICAL SECRETARIAT INNOVATIVE STARTUP ESTABLISHED FOR NO LONGER THAN
More informationDIGITAL MADE IN ITALY
DIGITAL MADE IN ITALY The leading innovation hub European Mid Small Cap Forum Alberto Fioravanti, Digital Magics Founder and Executive Chairman Alessandro Malacart, Digital Magics Managing Director Corporate
More informationBeyond Pasteur s Quadrant
Beyond Pasteur s Quadrant Discover technology seeds and make a social impact Management Message Kyoto University Innovation Capital Co., Ltd. (KYOTO-iCAP) was founded in December 2014 as a wholly owned
More informationTerms of Reference (ToR) Jordan Innovative Startups and SMEs Fund (ISSF Company) Manager
Terms of Reference (ToR) Jordan Innovative Startups and SMEs Fund (ISSF Company) Manager I. ASSIGNMENT BACKGROUND 1. The Innovative Startups Fund Company (ISSF Company) aims to increase early stage equity
More informationEuropean Startup Monitor Country Report Cyprus Authors: Christis Katsouris, Menelaos Menelaou, Professor George Kassinis
European Startup Monitor Country Report Cyprus 2016 Authors: Christis Katsouris, Menelaos Menelaou, Professor George Kassinis In this report we examine the current situation of start-ups in Cyprus as well
More informationThe power of three. Together, governments, entrepreneurs and corporations can spur growth across the G20. The EY G20 Entrepreneurship Barometer 2013
The power of three Together, governments, entrepreneurs and corporations can spur growth across the G20 The EY G20 Entrepreneurship Barometer 2013 Country profiles Argentina Australia Brazil Canada China
More informationELITE Connecting companies with capital
ELITE Connecting companies with capital The ELITE offering ELITE operates across the funding ladder, following our clients along their entire life cycle. The ELITE offering is structured across three well-defined
More informationTechnology Driven Enterprise & Economic Development. for the BECC
Technology Driven Enterprise & Economic Development for the BECC by L. (Marty) Murphy Manager, NREL Enterprise Development Program Nov. 17, 2008. Sacramento, CA 1 Public Private Partnerships - Going Beyond
More informationENTREPRENEURSHIP ENTERPRISE DEVELOPMENT & INVITATION TO ATTEND INVESTMENT AGENDA. 4 th Annual Africa. 21 & 22 June, Sandton, Johannesburg.
2017 4 th Annual Africa ENTERPRISE DEVELOPMENT & ENTREPRENEURSHIP INVESTMENT AGENDA 21 & 22 June, Sandton, Johannesburg. INVITATION TO ATTEND Transformation and innovation for job creation PREVIOUS PARTNERS
More informationInnovation and Prosperity
Islamic Republic of Iran Presidency Innovation and Prosperity Fund An Overview of Iran s Innovation and Prosperity Fund for Startups Key Trends of Iran s STI in a glimpse *Unctad Report,2016 Key Trends
More informationThe funding ecosystem for space start-ups
The funding ecosystem for space start-ups Thomas Tanghe Brussels, 15 May 2017 SpaceTec Capital Partners GmbH Sendlinger Strasse 22 80331 Munich Germany T +49 89 45 16 09 80 F +49 89 45 16 09 79 www.spacetecpartners.eu
More informationAll funding under the Scheme will be allocated on the basis of open competitive calls for expressions of interest.
1 Enterprise Ireland is the Government agency responsible for the development and growth of Irish enterprises in world markets. Enterprise Ireland works in partnership with Irish enterprises to help them
More informationAzores. FAQs. FAQs Azores. portugalventures.pt
Version 3.0 Release date: September 2017 Portugal Capital Ventures, S.A. 1 1. What is Ventures? Ventures is a venture capital investment programme targeting entrepreneurship in the. SDEA and Portugal Ventures
More informationAn Overview of the Polish Startups and Start in Poland Program
An Overview of the Polish Startups and Start in Poland Program Dr inż. Janusz Marszalec, MBA Founder & CEO, Edison Centre Lecturer, Warsaw University of Technology Seminar Current Trend in Start-ups and
More informationR&D Tax Credits. Energy and natural resources sector
R&D Tax Credits Energy and natural resources sector 1 Cash refunds for R&D expenditure Energy and natural resources Overview As global economic activity shifts towards innovation and knowledge, Ireland
More informationCountry Report Cyprus 2016
European Startup Monitor Country Report Cyprus 2016 Authors: Christis Katsouris, Menelaos Menelaou, Professor George Kassinis C4E-Rep-2016-01 In this report we examine the current situation of start-ups
More informationFinal Thesis at the Chair for Entrepreneurship
Final Thesis at the Chair for Entrepreneurship We offer a variety of possible final theses for the bachelor as well as for the master level. We expect highly motivated and qualified bachelor and master
More informationEuropean Investment Fund: Venture Capital Financing in Bulgaria
European Investment Fund: Venture Capital Financing in Bulgaria 21 st June 2017 Hristo Stoyanov, Regional Business Development - CEE EIF with crucial role in supporting SMEs across Europe Resources Institutions
More informationMinsk September Startup Funding Best Practice aws/austria
Minsk September 2017 Startup Funding Best Practice aws/austria aws - Who we are Austria s federal promotional bank - over 60 years of know-how in entrepreneurial, economic and innovation support. Our mandate
More informationThe Agora Model for Job Creation in Nicaragua. Paul Davidson October 26,
The Agora Model for Job Creation in Nicaragua Paul Davidson October 26, 2006 pdavidson@agorapartnerships.org www.agorapartnerships.org The employment issue that the project is trying to address: The Missing
More informationGerman FinTech landscape: opportunity for Rhein-Main-Neckar
Commissioned by: German FinTech landscape: opportunity for Rhein-Main-Neckar March nd, 6 9. Finanzplatztag Frankfurt Page What is FinTech? Silicon Valley is coming! There are hundreds of start-ups with
More informationSTUDY ON ALTERNATIVE AND INNOVATIVE FUNDING MECHANISMS FOR ACP CULTURAL INDUSTRIES
STUDY ON ALTERNATIVE AND INNOVATIVE FUNDING MECHANISMS FOR ACP CULTURAL INDUSTRIES Prepared for ACPCulturesplus conference ACP secretariat- European Union October 2016 Brussels, Belgium Prepared by Dr.
More informationA shared agenda for growth: European Commission Services
A shared agenda for growth: European Commission Services A shared agenda for growth Our presence: Global and European Grant Thornton is one of the world s leading organisations of independent assurance,
More informationOPEN. for your business
OPEN for your business The aws universe Boosting innovation: Austria Wirtschaftsservice GmbH (aws) is the Austrian Federal promotional bank. Our mission is to support young innovative start-ups, founders,
More informationCrown Corporation BUSINESS PLANS. Table of Contents FOR THE FISCAL YEAR Innovacorp. Business Plan
Crown Corporation BUSINESS PLANS FOR THE FISCAL YEAR 2013 2014 Innovacorp Business Plan 2013 2014 Table of Contents Message from the Minister, Chair, and CEO.... Mission... Vision... Planning Context....
More informationNEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY. COMPETIVE SOLICITATION For TECHNOLOGY ACCELERATOR PROGRAM MANAGER
NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY COMPETIVE SOLICITATION For TECHNOLOGY ACCELERATOR PROGRAM MANAGER 1. INTENT / SUMMARY: The New Jersey Economic Development Authority ( Authority ) is seeking qualifications
More informationBusiness acceleration schemes for start-ups
Business acceleration schemes for start-ups Focus on internationalisation A Policy Brief from the Policy Learning Platform on SME Competitiveness Introduction Business acceleration programmes, which aim
More informationIndia has a large youth population
Startupreneurs Startupreneurs Forum Forum Vision: To create and develop an ecosystem for India to become a Nation of Startupreneurs CII Startupreneurs Forum India has a large youth population within the
More informationFinancing of Innovation Part 1 Presentation by Rumen Dobrinsky European Alliance for Innovation
Financing of Innovation Part 1 Presentation by Rumen Dobrinsky European Alliance for Innovation Training in the field of Innovation Minsk 26-28 May 2015 1 Structure of the presentation Introduction: Why
More informationTotal Quality Management (TQM)
Total Quality Management (TQM) Total Quality Management (TQM) is a philosophy that says that uniform commitment to quality in all areas of an organization promotes an organizational culture that meets
More informationRAPIDE - Action Groups
Subject: Themes for Dear RAPIDE Partners! Below you ll find the general description of all RAPIDE Action Groups and the preliminary distribution of RAPIDE partners along these different Action Groups.
More informationRetail Audit Forum How can Internal Audit add value to outsourcing arrangements?
Risk Assurance Retail Audit Forum How can Internal Audit add value to outsourcing arrangements? Agenda/Intro Introductions What is outsourcing? IA role in outsourcing Know your risks Common pitfalls High
More informationSME Programs Empowering Young Entrepreneurs, Launching High-Impact Enterprises
SME Programs Empowering Young Entrepreneurs, Launching High-Impact Enterprises Job Creation through Value Creation mincon Conference on Investment and Finance of the ICT Sector in the Arab Region May 9,
More informationCorporate Entrepreneur Interview. Carlos Moreira,
Corporate Entrepreneur Interview Carlos Moreira, Founder, Chairman & CEO of WISeKey Interviewed by Roman Protasevich, INSEAD 15D class participant Introduction I interviewed Mr. Carlos Moreira, Spanish-born,
More informationSmart Start. From seed to speed.
Smart Start From seed to speed. Your idea. Your challenge. Our mission. We help your business develop its full potential. At KPMG, we understand the importance of entrepreneurs working to transform new
More informationValuating intellectual property in innovation support. OSEO s experience
Valuating intellectual property in innovation support OSEO s experience : French public SME support institution Three major business lines: Innovation support Guarantees on bank financing Direct Financing
More informationProject Information Document/ Integrated Safeguards Data Sheet (PID/ISDS)
Project Information Document/ Integrated Safeguards Data Sheet (PID/ISDS) Concept Stage Date Prepared/Updated: 24-Mar-2017 Report : PIDISDSC20204 Public Disclosure Authorized Public Disclosure Authorized
More informationEmbracing Tomorrow Azerbaijan 3 December 2012 Jan Sturesson Global Leader Government & Public Services PwC
www.pwc.com/az Azerbaijan Jan Sturesson Global Leader Government & Public Services Agenda 1. Where do we stand now? - Competitiveness & Development 2.What lies ahead? - Implementing visions and strategies
More informationUS Startup Outlook 2018
US STARTUP OUTLOOK 2018 1 US Startup Outlook 2018 A Silicon Valley Bank survey of US entrepreneurs about business conditions and policy priorities LETTER FROM SVB CEO US STARTUP OUTLOOK 2018 2 Startups
More informationTOWN OF BETHLEHEM MICROENTERPRISE GRANT PROGRAM INFORMATION SESSION
TOWN OF BETHLEHEM MICROENTERPRISE GRANT PROGRAM INFORMATION SESSION BACKGROUND Program is offered by the New York State Office of Homes and Community Renewal (HCR). The ME program provides resources to
More informationBussines driven innovation
Bussines driven innovation Start-ups, Scale-ups and Entrepreneurship in Romania Prof. Adrian Curaj 22.11.2016 11/29/2017 1 Overview 1. Research Driven Innovation 2. Start-ups, Scale-ups and Entrepreneurship
More informationWhen disruption meets gradual institutional change: The case of startup promotion policies in Korea
INCAS workshop Septembre 16th 2016 When disruption meets gradual institutional change: The case of startup promotion policies in Korea PAULINE DEBANES, PhD CANDIDATE (EHESS) Background Phd dissertation
More informationFinTech - InnoTribe Startup Challenge. Mike Sigal 500Startups (US)
FinTech - InnoTribe Startup Challenge Mike Sigal 500Startups (US) 500 Startups is the World s Most Active Early-Stage Investor $390M+ in Capital Committed 1,800+ Portfolio Companies Since July 2010 People
More informationAccountancy services for ecommerce businesses
Accountancy services for ecommerce businesses 1 17% of retail sales will be made online in the UK in 2016 In 2016, Spain and Germany online sales are expected to grow in excess of 18% Source of data: Centre
More informationOther types of finance
Other types of finance Sources as diverse as subsidies, loans and grants from governments and international organizations can be important resources for innovative entrepreneurs. Grants and subsidies are
More informationSTARTUP EUROPE JOIN THE MOVEMENT. Corporates! Join the movement, or die? European National Trade Associations 3 June 2015
STARTUP EUROPE JOIN THE MOVEMENT Corporates! Join the movement, or die? European National Trade Associations 3 June 2015 Isidro Laso Ballesteros @isidrolaso Startup and SME is not the same. Different needs,
More informationRFP No Interim General Counsel Services
Massachusetts Clean Energy Center (MassCEC) Request For Proposals (RFP): Contractor to Provide Interim General Counsel Services Release Date: May 31, 2016 1 1 SUMMARY The Massachusetts Clean Energy Center
More informationJames Cogan PNO Consultants
1 H2020 SME-I COSME EIF RSFF RSI: Finance spaghetti alphabet A dummies guide to finance acronym land in Europe and how to get it to work for you James Cogan PNO Consultants 2 PNO Consultants 25 years,
More informationEuropean Commission DG Education and Culture
gauthier.grousset@ec.europa.eu European Commission DG Education and Culture 1. Policy context 2. University-Business Forum - Knowledge Alliances 3. HEInnovate 4. European Institute of Innovation and Technology
More informationThe University of British Columbia
The following information is an excerpt from the Letter of Intent submitted to the J.W. McConnell Family Foundation in response to the RECODE Request for Proposals of Spring 2014. The University of British
More informationCHAPTER 6. Starting Your Own Business: The Entrepreneurship Alternative
CHAPTER 6 Starting Your Own Business: The Entrepreneurship Alternative Chapter Summary: Key Concepts What Is an Entrepreneur? Entrepreneur Categories of entrepreneurs The person who seeks a profitable
More informationUK FinTech Census 2017
UK FinTech Census 2017 The voice of FinTech HM Treasury, EY and Innovate Finance Commissioned by: 1. Overview Contents 1. Overview 3 2. Profiling respondents 8 3. Key statistics 10 4. Contacts 19 Foreword
More informationECOSYSTEM DEVELOPMENT IN JAPAN JETRO TOKYO SEMINAR MARCH 2018
ECOSYSTEM DEVELOPMENT IN JAPAN JETRO TOKYO SEMINAR MARCH 2018 AGENDA ECOSYSTEM DEVELOPMENT INITIATIVES FROM AROUND THE WORLD PANEL STRATEGIES FOR INNOVATION ECOSYSTEM GROWTH IN JAPAN ECOSYSTEM DEVELOPMENT
More informationitechpreneurship Creating Chaos to Avoid Chaos
TM itechpreneurship Creating Chaos to Avoid Chaos 3 KAMRAN ELAHIAN INNOVATION CATALYST Global High Tech Entrepreneurship 25 years Venture Capital 15 years Global Philanthropy 22 years Global Catalyst Foundation:
More information