EU Programmes Supporting the Finlancing of Hi-Tech SMES and Start-ups
There is in the EU a widely recognized market gap concerning seed-capital and early stage venture-capital, which has worsened after 2000 because of the bursting out of the Internet bubble. For that reason, the EU has set up (1998) a “European Technology Fund- Start-up Facility. It allows the European Fund for Investment to invest in recently created seed-or venture-capital funds, in funds links to science parks, and in business incubators that invest money in their tenant companies, in order to provide seed and early stage money to hi-tech SMEs and start-ups. It has been complemented by 2 other instruments: “Seed Capital Action which provides grants to seed-and venture-capital funds hiring new managing staff; a guarantee mechanism for equity funds investing in SMEs with growth potential. These programmes have been recently evaluated, and the author was member of the experts’ evaluation team. The “ETF- Start-up Facility has proved to be widely useful, supporting about 25 funds, mainly focused on specific scientific & technological areas. The EU experience could provide a good example of what can be done by governments for supporting risk capital without distorting markets.
Mireille Allemand
Lacave Allemand & Associés
国际会议
XXII IASP World Conference on Science and Technology Parks(2005年国际科技园协会第22届世界大会)
北京
英文
42-47
2005-09-01（万方平台首次上网日期，不代表论文的发表时间）