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WP3: Policy recommendations and report on feedback from SMEs and Investors

WP3: Policy recommendations and report on feedback from SMEs and Investors Presenter : William Stevens Organisation : Europe Unlimited YMIR Project Review Meeting Brussels, 13 March 2011. 4.2.4 T3.7 Policy Recommendations Workshop Objectives:

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WP3: Policy recommendations and report on feedback from SMEs and Investors

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  1. WP3: Policy recommendations and report on feedback from SMEs and Investors Presenter: William Stevens Organisation: Europe Unlimited YMIR Project Review Meeting Brussels, 13 March 2011

  2. 4.2.4 T3.7 Policy Recommendations Workshop Objectives: • Main findings of moving ICT Research & Innovation Projects to Venture Investment • Recommendations for methodologies improving • Investment readiness • Matching with investors

  3. 4.2.4 T3.7 Policy Recommendations Workshop Participants (ongoing): • EC : David Harmon, Steve Rogers, Pierre Marro, ... • National: office PT State Secr. Innovation, ViolettaGerasymenko (NOVA), InnovCapital, ... • 5 SMEs that took part (ongoing) • 5 investors that took part (ongoing)

  4. 4.2.4 T3.7 Policy Recommendations Workshop Agenda Workshop Lisbon 26 March 2pm: 14.00 - Welcome to to the workshop by the moderator 14.10 - Round Table introductions14.30 - Presentation of the Findings & Recommendations of the YMIR project in the ICT Finance Marketplace14.50 - Feedback and suggestions15.30 - Wrap up and conclusions15.45 - End of the meeting

  5. Main Findings - Demand of SMEs/Start-ups • High demand of SMEs/Start-ups for Matching (Forum) • Demand is across Europe for (cross-border) funding • Higher demand of earlier stages/start-ups vs. later stages • Lower demand of SMEs taking part in Framework Programmes • Promising SMEs (highest rated) ready to join multiple events • Demand to review Business & Investment Potential • Demand for Investment Readiness (Academy) • Demand mainly to prepare for Matching • Great to improve Presentations & Propositions/Expectations • Can avoid continued Matching of poor quality companies

  6. Main Findings – InvestmentSupply Trends • Supply of independent VC goes down (see fact# ..) • both national and cross-border • Role of government funding/VC increases • even for the funding (of independent) VC • Increasing importance of corporate venturing • is much more cross-border and interested in earlier stages • Role of angels increases • but fragmented and regional/national • Role of advisory increases (& matching)

  7. Main Findings – Investors • Matching • Confirmed interest, especially for quality & investment ready • Agnostic to source of SMEs (FP or not) • Interest to follow most promising SMEs (Award winners) • Willing to rate/review Business&Investment Potential • Demand for Investment Readiness • Investors push for better investment readiness & selections • Investors are willing to help as coaches on a goodwill basis • Government investors accompany portfolio companies seeking Matching through to follow-on funding

  8. Recommendations – Matching • SMEs/Start-ups • Continue to offer frequent Matching Events • Link these events in a Contest programme • Accompany for 6 -12 months to eventual funding • Envisage prizes/grants for the most promising? • Investors • Involve all investors in an ongoing format across the events and contest programme • Work together with government/regional investors • Promote more corporate venturing • Envisage (cross-border) co-financing facility?

  9. Recommendations – InvestmentReadiness • Broader & deeper selection & feedback • More review & feedback online and onsite by broader group of investors leads to stronger investment readiness & matching • Accompany through to funding • Accompany with selected pooled quality/sector peer groups to eventual funding with“interested” coaches (angels, non-execs) • Make eco-system more transparent • Transform “events “ into a “community” • News, case studies and guidance animated online as an open platform

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