Kadri Mats Coordinator of EU Funds 23 September 2015 Baltic Innovation Fund (BIF)
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Transcript of Kadri Mats Coordinator of EU Funds 23 September 2015 Baltic Innovation Fund (BIF)
Kadri MatsCoordinator of EU Funds
23 September 2015
Baltic Innovation Fund (BIF)
KredEx is a state owned but self-sustainable financial institution• Under the jurisdiction of the Ministry of Economic
Affairs and Communications• Legal base: Support of Enterprise and State Loan Guarantees Act (2003)• Founded in 2001• Employees: 36 (+8)
• Loan guaranteesUp to 75% of bank loan or bank guarantee, up to EUR 2 Million
• Credit Insurance Short term and medium- long termDomestic and foreign buyers
• Export LoansFor medium-long term export financing
• Mezzanine Loans Subordinated loan up to EUR 2 Million
• Credit Lines Favorable loans to commercial banks
• Private Equity and Venture Capital Baltic Innovation Fund
Estonian Innovation Fund
KredEx services to enterprises
Baltic Innovation Fund (BIF)
BIF – €130m
Approx. €400m invested in Baltics
EE (KredEx)
€26m
EE (KredEx)
€26m
BPM Capital BPM
Capital
LV (Altum)€26m
LV (Altum)€26m
LT (Invega)€26m
LT (Invega)€26m
EIF€52mEIF
€52m
€15m
??Livonia CapitalLivonia Capital
Karma InvestKarma Invest BaltCap BaltCap
€20m €20m €25m 2x €…m
Private investor x 2
Investments for local high growth, internationally competitive companies
Development of local/locally focussed GPs - more teams with full (sufficient) track record
Attracting private investors - LPs including pension funds
Enhancing legal environment - fund law (funds, taxes), law enforcement
Generating positive return to investors
Main objectives of BIF infrastructure:
Contacts:
KredEx
Hobujaama 4
10151 Tallinn, Estonia
www.kredex.ee
Phone: +372 667 4112
E-mail: [email protected]