Supporto alle PMI: approccio integrato

Transcription

1 Lo Strumento PMI & Access to Risk Finance Alberto Di Minin Delegato Italiano in collaborazione con APRE 1 Aprile 2014 Supporto alle PMI: approccio integrato 20% del budget in LEITs & SCs Proge0 collabora5vi 13% Strumento PMI 7% 'Innovation in SMEs' Eurostars II Enhancing Innova0on Capacity Market- driven Innova0on Access to Risk Finance 2 1

2 Le PMI in H2020 Excellent Science European Research Council Fron0er research by the best individual teams Future and Emerging Technologies Collabora0ve research to open new fields of innova0on Marie Skłodowska Curie ac5ons Opportuni0es for training and career development Research infrastructures (including e- infrastructure) Ensuring access to world- class facili0es Industrial Leadership Leadership in enabling and industrial technologies ICT, nanotechnologies, materials, biotechnology, manufacturing, space Access to risk finance Leveraging private finance and venture capital for research and innova0on Innova5on in SMEs Fostering all forms of innova0on in all types of SMEs Societal Challenges Health, demographic change and wellbeing Food security, sustainable agriculture, marine and mari5me research & the bioeconomy Secure, clean and efficient energy Smart, green and integrated transport Climate ac5on, environment, resource efficiency and raw materials Inclusive, innova5ve and reflec5ve socie5es Security society 3 European Ins5tute of Innova5on and Technology (EIT) Spreading Excellence and Widening Par5cipa5on Science with and for society Joint Research Center (JRC) EURATOM Lo Strumento PMI * Concept e valutazione della fahbilità Dimostrazione, market replica0on R&D Commercializzazione dei risulta0 Idea to concept, risk assessment, technological & commercial feasibility Demonstra0on, prototyping, tes0ng, market replica0on, scaling up, miniaturisa0on, research Quality label for successful projects, access to risk finance, indirect support * Approccio prevalentemente bottom-up Idea Business coaching Mercato 4 2

3 Phase 1: Concept and feasibility assessment Input: Idea/Concept: "Business Plan 1" (~ 10 pages) 10% budget Activities: Feasibility of concept Risk assessment IP regime Partner search Design study Pilot application etc. 10% success 5 Output: elaborated "Business plan 2" Lump sum: ~ 6 months Lo strumento PMI: le tre fasi 30-50% success Phase 2: R&D, demonstration, market replication Input: "Business plan 2" plus description of activities under Phase 2 (~ 30 pages) 88% budget Activities: Development, prototyping, testing, piloting, miniaturisation, scaling-up, market replication, research Output: "investor-ready Business plan 3" 0,5-2,5 (5) M EC funding ~ 12 to 24 months Phase 3 = 2% budget Phase 3: Commercialisation Promote instrument as quality label for successful projects Facilitate access to private finance Support via networking, training, information, addressing i.a. IP management, knowledge sharing, dissemination SME window in the EU financial facilities (debt facility and equity facility) Possible connection to PPC (and PPI?) No direct funding Il coaching 6 3

4 Caratteristiche dello strumento PMI Indirizzato a tutti i tipi di PMI innovative che presentino una forte volontà di crescere, svilupparsi e internazionalizzarsi Solo PMI potranno richiedere finanziamenti (sostegno a una sola impresa è possibile, ma collaborazione certamente consigliabile) Competitivo, dimensione EU à solo migliori idee accedono alla fase 1 Orientato al mercato; attività close-to-market: finanziamento al Costituito da 3 fasi piu' il coaching Possibilità di entrare nella fase 1 e fase 2 Applicato in tutte le 'societal challenges' e 'key enabling technologies' 7 SME Instrument = Open call * Apertura call: 1 marzo 2014 (Fase 1 e Fase 2) Scadenze/Cut off dates: Fase 1 18/06/ /09/ /12/ Fase 2 09/10/ /12/2014 Fase 1 18/03/ /06/ /09/ /12/2015 Fase 2 18/03/ /06/ /09/ /12/ * Stesse scadenze SME I all interno di LEITs + SCs 4

5 SME I nelle LEITs II Pilastro TOPIC BUDGET FUNDING RATE FASE 2 ICT /2015 Open Disruptive Innovation Scheme (implemented through the SME instrument) 45 million million 2015 NMP /2015 Accelerating the uptake of nanotechnologies, advanced materials or advanced manufacturing and processing technologies by SMEs BIOTEC /2015 SME-boosting biotechnology-based industrial processes driving competitiveness and sustainability 21,80 million ,80 million ,80 million ,40 million 2015 SME-SPACE /2015 Call SME Instrument 2014 and ,50 million ,75 million SME I nelle Societal Challenges III Pilastro TOPIC BUDGET FUNDING RATE FASE 2 SC 1 - PHC Clinical valida0on of biomarker and/or diagnos0c medical devices SC 2 - SFS Resource- efficient eco- innova0ve food produc0on and processing SC 2 - BG Suppor0ng SMEs efforts for the development- deployment and market replica0on of innova0ve solu0ons for blue growth SC 3 - SIE S0mula0ng the innova0on poten0al of SMEs for a low carbon and efficient energy system. SC 4 - IT Small business innova0on research for transport SC 5 - SC Boos0ng the poten0al of small business foe eco- innova0on and a sustainable supply of raw material 66,10 million million million million million million ,95 million ,26 million ,87 million ,96 million million million % SC 6 - INSO Innova0ve mobile e- government applica0ons by SMEs. 4 million 2015 SC 6 - INSO SME business model innova0on for inclusive socie0es. SC 7 - DRS Protec0on of urban soa targets and urban cri0cal infrastructures 11 million million ,4 million

6 EU Financial Instruments to Support SMEs Building on success: q Venture capital (GIF- 1, GIF- 2) - EIF o mobilised: over 2 billion so far o final beneficiaries: 236 SMEs EU outlay: 376 million q SME Guarantee Facility - EIF o loans: over 11.5 billion via 54 guarantee agreements so far o final beneficiaries: > SMEs EU outlay: 393 million q Risk- Sharing Finance Facility - EIB large midcaps, big firms o loans: over 8.5 billion from EIB so far o 88 signed opera5ons EU outlay: million q Risk- Sharing Instrument EIF (pilot) guarantees + counter- g o SMEs, small + medium midcaps undertaking R&I o aim: 2.5 billion loans, 20 banks/guarantors, 1000 firms 12 6

7 Lessons learnt o Streamline rules and number of instruments! o Specific legal framework increases confidence o Think innova5on ecosystem o Coordinate more closely with Structural Funds o Priori5se awareness- raising to s5mulate demand o Prototype rapidly; evaluate oqen o Widen range of stakeholders in governance system 13 Financial instruments post-2013 for SMEs: major changes going forward BIGGER q More money in the pot (depending on MFF negotiations) BOLDER q Add funds-of-funds to equity support toolbox q Further upstream and downstream q VC is not the only game in town BETTER q Interlinked R&I (H2020) / growth (COSME) facilities q Governance: advisory board of high-level experts q Market-test, pilot, review, scale up 14 7

8 Horizon 2020 e COSME sosterranno congiuntamente gli strumenti finanziari per le PMI Equity Facility per la crescita delle PMI e R&I o Strumento di Capitale proprio per la Ricerca e l'innovazione (H2020): si concentra su fondi che forniscono capitale di rischo a imprese in fase di start-up o Strumento di Capitale proprio per la Crescita (COSME): si concentra su fondi che forniscono capitale di rischo a imprese in fase di espansione Strumento di Debito per la crescita delle PMI e R&I o Strumento di garanzia dei prestiti (COSME) o Strumento di garanzia dei prestiti per la Ricerca e l'innovazione (H2020) 15 Equity instrument for SMEs growth and R&I q Equity Facility for R&I (H2020) ç GIF- 1 o focus: early- stage VC (including seed and start- up) o final beneficiaries: innova've SMEs and small midcaps o growth- stage to some extent q Equity Facility for Growth (COSME) ç GIF- 2 o focus: growth- stage VC o final beneficiaries: growth- oriented SMEs o early- stage to some extent q Mul5- stage funds: pro- rata support by COSME and H2020 q Funds- of- funds ç NEW è q Technology transfer fund 16 8

9 Equity instrument for SMEs growth and R&I Two complementary facilities working together to support access to risk capital and stimulate the development of the VC industry Equity Facility for R&I Mainly from H2020 combined investment in multistage funds Mainly from COSME Equity Facility for Growth from start-up/early stage to expansion/growth stage may make growth investments may make early-stage investments up to 20% of total EU investment 17 Debt instrument for SMEs growth and R&I q Loan Guarantee Facility (COSME) ç SMEG o guarantees for loans to SMEs up to o securi5sa5on of SME debt finance porsolios q SMEs & Small Midcaps Guarantee Facility (H2020) ç RSI o guarantees for loans over for R&I ac5vi5es 18 9

10 EU SME debt financial instruments current and proposed DEBT INSTRUMENT FOR SMEs SME Guarantee Facility (SMEG) under CIP Risk-Sharing Instrument (RSI): part of RSFF under FP7 DEBT INSTRUMENT FOR SMEs' GROWTH & R&I Loan Guarantee Facility q Guarantees and securi0sa0on on loans for all types of SME SMEs & Small Midcaps Guarantee Facility q Guarantees on loans to R&I- intensive SMEs/small midcaps COSME Horizon What to expect in the debt and equity facilities in H2020 q Full- spectrum approach: - from tech transfer and proof- of- concept - to prototypes, large- scale demonstrators, first- of- a- kind plants q Stronger focus on SMEs and medium- sized firms (midcaps, Mi8elstand) q Market- driven, first- come, first- served basis as now, PLUS q Targe5ng of sectors and policies via ring- fenced budget top- ups from other parts of H2020, MFF frameworks/programmes/budget lines, regions/ms, JTIs (etc), other ini5a5ves q Closer links with regional policy resource pooling with MS Structural Funds foreseen in H2020, CSF (and in COSME) 20 10

11 Accompanying measures Examples listed in Commission s Horizon 2020 proposal q Technical assistance for second- 5er financial intermediaries (i.e. banks) q Investment- readiness (coaching) and bankability booster schemes q small firms: venture and other forms of investor forums, etc q large firms, PPPs, JTIs, complex mul5- stakeholder projects, etc: R&I Advisory Service (pilot now running with EIB under RSFF) q Awareness- raising (demand s5mula5on) in under- represented sectors q Fostering business angels, crowdfunding, family offices, endowments q Encouraging philanthropic founda5ons and individuals to support R&I 21 Supporting the SME Instrument q Investment- readiness and bankability booster schemes o Scale- up and broaden current efforts (ref. DG CONNECT) o BIGGER: more money, more sectors, add debt finance o BETTER: i.e., building on lessons learnt o BOLDER: further upstream and downstream + more classes of investor involved + at least smaller midcaps q Earmarking in Access to Risk Finance s debt/equity budget for phase 3 graduates 22 11

12 Link utili Participant portal desktop/en/funding/sme_participation.html SME TechWeb APRE PMI EEN EEN Italia Alberto Di Minin GRAZIE PER L ATTENZIONE 12