Instrumentos financieros para innovación de la pyme en Horizon 2020 e INNOVFIN
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Access to Risk Finance & Support to Innovative SMEs Ignacio Puente Unit B.3 - "SMEs, Financial Instruments and State Aid" DG Research & Innovation Jornada Presentación Programas Europeos PYMES Bilbao 16 Abril 2015 Horizon 2020
Transcript of Instrumentos financieros para innovación de la pyme en Horizon 2020 e INNOVFIN
Access to Risk Finance & Support to Innovative
SMEsIgnacio Puente
Unit B.3 - "SMEs, Financial Instruments and State Aid"
DG Research & InnovationJornada Presentación Programas Europeos PYMESBilbao 16 Abril 2015
Horizon 2020
PolicyResearch andInnovation
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PolicyResearch andInnovation
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PolicyResearch andInnovation
PolicyResearch andInnovation
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PolicyResearch andInnovation
Collaborative Projects
13%
Eurostars IIEnhancing
Innovation Capacity
Debt & Equity Facilities
& accompanying measures
Fellowships
(Access to Skills)
20 % budgetarytarget in
LEITs (IL) & SC*
'Innovation in SMEs' (IL)
*= EUR 8.65 billion (in constant prices) of direct SME support, over the period 2014-2020
Horizon 2020 for SMEs = Integrated & Complimentary Support
MSCA (ES)
'Access to Risk Finance'
(IL)
SME support in Horizon 2020:
SME Instrument
PolicyResearch andInnovation
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Main features
PolicyResearch andInnovation
Business support in Horizon 2020:
Fast Track to Innovation
PolicyResearch andInnovation
Access to Risk Finance
PolicyResearch andInnovation
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Source: EC and ECB, SMEs’ Access to Finance Survey 2013 Analytical Report (14 November 2013).
PolicyResearch andInnovation
PolicyResearch andInnovation
PolicyResearch andInnovation
Intermediated
SME/Mid-Cap FinancingDirect Corporate Lending
SMEs and small Mid-Caps
< 500 Employees
Large Caps
Typically > 3,000
Employees
Intermediated and/or
direct Corporate lending
Mid-Caps
< 3,000 Employees
PolicyResearch andInnovation
PolicyResearch andInnovation
EIF FinancialIntermediary
InnovativeSMEs and
Small Mid-Caps
New Loans/Leases
50%Guarantee
PolicyResearch andInnovation
Purpose of Financing (Term Loans + Revolving Credit Facilities):
Tangible &Intangible
Assets
Working Capital
BusinessTransfer
PolicyResearch andInnovation
PolicyResearch andInnovation
EIF FinancialIntermediary
InnovativeMid-Caps
3,000 Employees
New Loans
50%GuaranteeEUR 25m
EIFInnovativeMid-Caps
3,000 Employees
Growth Finance / MezzanineEUR 25m
PolicyResearch andInnovation
EIF FinancialIntermediary
InnovativeMid-Caps
3,000 Employees
New Loans
50%GuaranteeEUR 25m
PolicyResearch andInnovation
EIFInnovativeMid-Caps
3,000 Employees
Growth Finance / MezzanineEUR 25m
PolicyResearch andInnovation
PolicyResearch andInnovation
EIF Large ProjectsEUR 50m – EUR 600m
Direct Lending EUR 25m - EUR 300m
PolicyResearch andInnovation
PolicyResearch andInnovation
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Project advisory work
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Horizontal activities
PolicyResearch andInnovation
Horizon 2020
http://ec.europa.eu/programmes/horizon2020/en/area/smes
http://ec.europa.eu/programmes/horizon2020/en/h2020-section/access-risk-finance
http://ec.europa.eu/programmes/horizon2020/en/h2020-section/innovation-smes
EASME – http://ec.europa.eu/easme/sme/
Eurostars - http://www.eurekanetwork.org/activities/eurostars
SME Techweb – http://ec.europa.eu/research/sme-techweb/index_en.cfm
Financial Instruments
Finance for Innovators (InnoVFin products) http://www.eib.org/products/innovfin/products/index.htm
EU Access to Finance – http://www.access2finance.eu
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