recommendations for the sme instrument - greens/efa · recommendations for the sme instrument piet...
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Recommendations for the SME Instrument
Piet SerrureEurope Unlimited / “Informal Panel”7 June 2012 @ European Parliament
AgendaWhy?
Who?
How?
Next?
Opportunity?
•Most new jobs created by growing (innovative) SMEs
•Innovation is our future welfare and wellbeing
Challenges?
• Incomplete Single Market hampers SMEs
• High labor costs & low mobility penalize SMEs
• Credit & investment crunch hits SMEs
• Global competition scales investment needs
• SMEs under-represented in grants & incentive
Recommendations & Agenda
• Complement existing (private) initiatives
• Managed over 130 events
• Over 12,500 key industry players gathered over the years
• Serves the entire innovation community in Europe:
• Venture capital & corporate investors
• SME and startup Entrepreneurs
• National & regional governments & clusters
• R&D centres and incubators
• Helped SMEs raise an estimated €1.5 billion
• Drives the InternationalVenture Club, a collaborative
platform for and by Europe’s most active investors
in early-stage and growth technology companiesBanksy, West Bank, PalestinePhoto by Diogo Vasconcelos (1968-2011)
Fix the future, not the past!
AgendaWhy?
Who?
How?
Next?
connects innovativeentrepreneurs & investors
connects innovativeentrepreneurs & investors
Informal Panel Members:1.Ulla Brockenhuus-Schack2.Marco Cantamessa3.Aris Constantinides4.Horst Domdey5.Yigal Erlich6.Uli W. Fricke7.Marius Ghenea8.Candace Johnson9.Matthew Mead
12 3 4
5 6 7 8 9
Informal Panel for RecommendationsInformal Panel for Recommendations
Informal Panel for Recommendations
Informal Panel Members (continued):10.Claire Munck11.Antonio Murta12.Eli Opper13.Alessandra Perrazzeli14.Piet Serrure15.Luc Soete16.Bratislav Stankovic17.William Stevens18.Marc Van Gastel19.Erik Vermeulen
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12 1311
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AgendaWhy?
Who?
How?
Next?
# 1. Decisive impact on investments and knowledge jobs
•Amount: > €10 Billion (>20% of H2020) •Number: 1,500 SMEs / Year granted (> 9,000 SMEs)•Indicators: additional investment + jobs + revenues
# 2. – Catalyse innovation & cross-border growth ambition
•All SMEs, no restrictions but cross-border & innovation •All sectors, but broad calls •Feasibility (<€100K) and demonstration + commercialization (>€1m)
# 3. Leverage private (& public) co-investors
•Co-financing is must + milestone•Cross-border co-financiers/partners as key change agents•Selection and milestone quality reviews
# 4. Leverage regional, national and ERDF schemes & funding
•Top-up existing funding schemes•Existing public agents collaborate on selection & reviews •Link to public procurement
•Vouchers for phase 1 •Multi-stage co-financiers reviews & milestones for phase 2 +3 •Trust based vs. control
# 5. Challenge entrepreneurs but trust the co-financiers
•Smaller calls but many & frequent•Incentivise & contract •Evaluate & adjust
# 6. Flexible but competitive process
1 - Scale
2 - Open
3 – Co-invest
4 - Catalyse
5 - Challenge
6 - Adapt
Seed our future!
Recommendations ReportInformal Panel
MEP Paul RÜBIG, President of SME GlobalMEP Dinner 20 th June 20:00 - 21:30
Contact
Sandra [email protected]+32 (0) 2 643 71 71