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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15 16 1817

12 1311

14 19

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 Renbergsandra@e-unlimited.com+32 (0) 2 643 71 71