EEN Tools for International cooperation Cooperation mechanisms EASME Riga, 26 May 2015- Rebeca DE SANCHO MAYORAL, Project adviser COSME unit, Evaluation and Monitoring Sector
AGENDA Who are we? What do we do? How? DG GROWTH/EASME/ EEN Services What is in it for European SMEs? Financial instruments Useful information
1. Who? What? How? DG GROWTH/EASME /EEN
DG GROW POLICY PROGRAMMES COSME Research Innovation H2020 Galileo Copernicus
EASME Executive Agency for SMEs IMPLEMENTATION OPERATIONS SMEs SUPPORT Environment MARITIME ENERGY COSME
Services: How the EEN Network supports SMEs
Enterprise Europe Network Launched in 2008 by DG GROW Operations managed by EASME Mission: Helping ambitious SMEs innovate and grow internationally Largest business support network in the world
Enterprise Europe Network Present in 54 countries More than 600 partner organisations Operating all regions in the EU28 and 26 countries outside Europe
EEN outside EU
Core Services Information and Intelligence for SMEs Offer specialised assistance about European policies and programmes Provide up-to-date information on European legislation Feedback to the European Commission (Listening to SMEs) Report cases within the feedback mechanism On existing or forthcoming legislation and programmes Support the organisation of business panels
Core Services Partnership and Cooperation services Offer business cooperation and technology transfer services (EEN database) Encourage SMEs to participate to EU programmes (e.g H2020, Creative Europe) Specialised advisory services innovation services Provide Information / awareness raising on innovation policies Carry out technology audits to identify strengths and weaknesses in innovation Support sector specific innovation or regional clusters
Enterprise Europe Network
Core Services Access to Finance & Funding Matchmaking Technology Transfer, R&D Internationalisation Cross-border Business partnerships
What are our outcomes? Events Partnership Agreement (PA) EEN Profiles Expressions of Interest (EoIs) Direct support A PA is an acknowledgement by one (or two) EEN client(s) that they entered in a concrete, medium to long-term international cooperation with another SME, company or research institution with EEN assistance.
2. What is IN for European SMEs? Financial Instruments
COSME 2,3 billion 2014 2020 Access to Finance 60% Access to markets 22% Framework conditions for Businesses 11% Enterpreneurship 2,5%
Improving access to finance Support those SMEs which would otherwise not obtain financing (concept of "additionality"); Overall target is to provide support to up to 330,000 SMEs; provide up to 25 billion in financing; Debt and equity financial instrument for SMEs: Loan Guarantee Facility (LGF) Equity Facility for Growth (EFG) => Both part of a single EU debt/equity financial instrument for enterprises growth and R&I.
Access to finance: How can financial intermediaries apply? European Investment Fund (EIF) has launched continuous open calls for expression of interest through its website (open until 30 September 2020); EIF selects intermediaries after carrying out a diligence process. detailed due www.eif.org
Zero bureaucracy for SMEs: Apply directly at banks and venture capital funds
Access to Finance The Enterprise Europe Network experts can help SMEs to understand requirements and get the finance it needs to grow Mainly High Tech High Growth Start-up Stage Mature Stage Seed Capital Operational Capital Expansion/Growth Capital
Access to Finance: services Matchmaking Capital Receivers with Capital Providers Operating a Good Network of International Capital Providers Including: HNWIs, VC & PE Funds, Investment Banks, Corporate Funds, Enterprise Lenders E.g. VC Funds: Albion Ventures, Index Ventures, Delta Partners E.g. Corporate (Sector Specific, spin-offs from Corporations effectively Buy-Out Funds): Roche, Novartis, IBM, Bloomberg
Access to finance: How will SMEs be informed?
Cohesion policy for 2014-2020 - will concentrate funding on a smaller number of priorities in line with the Europe 2020 Strategy; - focus more on results and increase the use of conditionalities; - SMEs are on top of the agenda for smart sustainable and inclusive growth. Objective : to double the current support to around 140 BILLION ( with the use of financial instruments)
3. Useful information
EEN Sector Groups 17 Sector Groups Aeronautics and Space Agrofood Automotive, Transport and Logistics BioChemTech Creative industries Environment Healthcare ICT Industry and Services Intelligent Energy Maritime Industry and Services Materials Nano- and Microtechnologies Services and Retail Sustainable Construction Textile & Fashion Tourism and Cultural Heritage
EEN Find out more: http://een.ec.europa.eu/ Facebook:https://www.facebook.com/EnterpriseEur openetworkeu Youtube: https://www.youtube.com/user/enterpriseeurope Twitter: @EEN_EU COSME Find out more: http://ec.europa.eu/enterprise/initiatives/cosme Send an email to: ENTR-COSME@ec.europa.eu
On-line portals E.g. Your Europe Business portal, SME Internationalisation portal, IPR helpdesk Access to Finance http://europa.eu/youreurope/business/fundinggrants/access-to-finance/index_en.htm www.eif.org
Your Europe Business Portal Single web access point containing practical information on running a business in the EU Brings together data, information and useful links to help companies grow and achieve a European dimension. Portal complements Enterprise Europe Network services by boosting competitiveness and growth and facilitating SMEs access to markets http://europa.eu/youreurope/business/index_en.htm
THANK YOU! REBECA DE SANCHO MAYORAL Email: Rebeca.De-Sancho- Mayoral@ec.europa.eu