11/11/2015

Access to Risk Finance & EU Financing for

Innovators

Schemes under DG RTD and DG GROW

Workshop 11/11/2015 @ IncoNet EaP (Chisinau)
Tania Van Loon, NCP Brussels Coordinator & Manager, NCP SME & Access to Risk Finance

Supported by

H2020 – Access to Risk Finance

One topic targeting business angels

Deadline 16/02/2016

 H2020-CBBA-2016 Awareness-raising and capacity

building for business angels and other early-stage
investors
Develop a capacity-building strategy and implementation plan that
makes use of techniques (tailored for both women and men) such as
awareness raising campaigns, coaching, mentoring, workshops,
courses, training materials (in particular through social media) as well as
knowledge transfer of best practices
Work programme 2016-2017
http://ec.europa.eu/research/participants/data/ref/h2020/wp/2016_2017/main/h2020-wp1617-finance_en.pdf
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EU programmes with financing schemes

 Focus on COSME (DG GROW) & H2020 (DG RTD)

 Many different solutions and instrument types (grants,
loans, guarantee, equity)
 For different purposes
 For different end users (only partial SME focus)
 Key variations to consider
 Application as single entity vs. consortium
 First in first served vs. multiple calls
 Not always easy to get a complete view on what exists and
is readily available
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Good to know

 Generally available for Member States and Associated

Countries (including Moldova)
 No specific budget / country (or region)
Competition!
 Often available through local intermediaries
In Belgium: no real marketing from those intermediaries
In Moldova: check access by commercial banks, public
financial institutions, venture capital funds, micro-credit
 Leverage effect is key (and very ambitious…)

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Global overview & SME relevancy

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Global overview & SME relevancy

 “Small mid-cap” = up to 3.000 employees

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Global overview and SME relevancy

 https://www.eurostars-eureka.eu/ for R&D-performing SMEs

 34 countries, NOT Moldova

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Under development / pilot

+ Prize in 2017 to encourage good practices, innovations and

professionalism in ARF

End 2016?
Call for expression
of interest to be
launched
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InnovFin – EU Finance for Innovators

Joint initiative
http://www.eib.org/products/blending/innovfin/index.htm

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InnovFin scope

 Covers entire value chain of Research & Innovation

 Available across all eligible sectors of H2020
 In EU Members States and Associated Countries

Leverage:
24 billion € investment made
available, expect to mobilise
up to 48 billion € final R&I
investment

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InnovFin Products for SMEs

Research-based and innovative Investing in early stage R&I driven

SME/small mid-cap lends/leases from enterprises via eligible intermediaries,
intermediary, EIB guarantees portions of such as venture capital and business
losses from intermediary angels funds
→ allows for more debt financing

How to apply (as intermediary or as SME) How to apply (as intermediary or as SME
http://www.eif.org/what_we_do/guarantee http://www.eif.europa.eu/what_we_do/eq
s/single_eu_debt_instrument/innovfin- uity/single_eu_equity_instrument/innovfin
guarantee-facility/index.htm -sme-vc/index.htm

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Other specific instruments

 Neighbourhood Investment facility

http://www.eib.org/projects/regions/eastern-
neighbours/index.htm

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Relevant information sources

 Access to finance
http://europa.eu/youreurope/business/funding-
grants/access-to-finance/index_en.htm
 European Investment Bank
http://www.eib.org/
 European Investment Fund
http://www.eif.org/
 Executive Agency for SMEs (EASME)
http://ec.europa.eu/easme/en/executive-agency-small-and-
medium-sized-enterprises-easme

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Disclaimer

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