Transcript Document

The European Investment
Fund & Technology Transfer
Future Internet Assembly, Dublin
8 May 2013
Dr. Piyush Unalkat
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What is the EIF?
“
We’re the leading developer of
risk financing for entrepreneurship
and innovation across the EU
”
Helping
Fulfilling
Addressing Working
SMEs, microenterprises and
European regions
innovate and grow
by making finance
more accessible
our dual goal and
pursuing EU
policy objectives
as well as financial
sustainability
market needs by
acting as a
countercyclical
investor in tough
economic times
with financial
intermediaries
across the 27 EU
countries, EFTA
and all Accession
countries
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A few key facts about us…
“
We’ve supported over 1 Million SMEs
over 15 years
”
1994
2000
Shareholders
AAA-rated
founded and started
providing venture
capital to European
businesses in 1997
Majority owned by the
European Investment
Bank (EIB)
62% EIB, 30% EC,
24 public and
private financial
institutions holding
the remaining 8%
We’re AAA-rated by
all major rating
agencies, with a
strong capital base
3
Our objectives
“
To support smart, sustainable and
inclusive growth
”
of financial intermediaries
to provide credit enhancement
and invest in venture and
growth capital
Being Europe’s cornerstone
venture and growth capital
investor, leading catalyst
to promote SME lending
and microfinance
Bringing together national
Filling the financing gaps in
public and private partners to
support innovation and
entrepreneurship
Europe’s economy
Working with a broad range
Promoting cohesion and
regional and social development
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Helping businesses
at every stage
Public Stock Markets
Portfolio Guarantees & Credit Enhancement
Formal VC Funds & Mezzanine Funds
VC Seed & Early Stage
Microcredit
Business Angels,
Technology Transfer
PRE-SEED PHASE
SEED PHASE
START-UP PHASE
EMERGING GROWTH
DEVELOPMENT
SME Development Stages
HIGHER RISK
LOWER RISK
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Our resources
“
We manage resources
from different stakeholders
European
Investment
Bank
 Risk Capital Mandate
(RCM) EUR 5bn

Mezzanine Facility for
Growth (MFG) EUR 1bn
”
European
Commission
National &
Regional Funds
 Competitiveness and
Innovation Framework
Progr. (CIP) EUR 1bn
allocated to equity and
guarantees
 20 European and regional
Funds-of-Funds including
Germany, Portugal,
Spain, Turkey, UK
 Risk-Sharing Instrument
(RSI) EUR 120m
 14 Holding Funds
supported by structural
funds EUR 1.3bn
 Progress Microfinance
EUR 200m
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Our impact
“
“
“
Over 1 Million SMEs supported in 30 different countries.
”
EUR 11.7bn in equity and guarantees commitments have
mobilised over EUR 60bn from partner banks, investors
and other market players.
”
Broad European coverage,
- 20 Funds-of-Funds/Holding funds,
- 400 Venture and Growth Capital Funds,
- 150 banks, guarantee and promotional institutions
”
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EIF Current
Investment Focus
Involved throughout
the business cycle
Technology
Transfer Accelerator
Investing in
Growth Capital
Mezzanine
Technology Transfer
Proof of Concept
Business Angels
Seed Stage
Strategic Challenges
Investing in
VC funds
Instruments to stimulate
innovation, competitiveness
and cross-border investment
European Commission Resources
Early
Stage
Business Angels
Fill funding gap left by
institutional investors
EIB / EIF Resources
Expansion/
Development
Capital
Support VC
ecosystem
and decrease
dependency
on public finance
Lower
Mid-Market
Catalyse hybrid debt
finance for growth
Member States / Private Sector Resources
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Bridging the gap between
research and the market
R&D
University /
Research
Organisation
Technology Transfer
Marketable Product
“technology IP”
“prototype IP”
Spin-out
Market
Licensing
Collaboration
(contract research)
IP / Idea
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EIF Technology Transfer
Investments
Vintage Year
2001
2003
2006
2006
2008
2008
2009
2009
2010
2010
2011
2011
2012
2012
2012
2012
2012
2012
2012
2012
2012
2013
2013
2013
2013
2013
2013
TOTAL
Investment
T-Source
Louvain Vives I
Leuven CD3 (Centre for Drug design and Discovery)
IP Venture Fund
Chalmers Innovation Seed Fund
Manchester UMIP Premier Fund
Karolinska Development
Strata/Mes
Leuven CD3 II (Centre for Drug design and Discovery)
Imprimatur
Louvain Vives II
Telecom Technologies Transfert (3T)
Nauseca
Practica
Eleven
Lauchub
Openfund
Piraeus
Demeter Cleantech seed fund
Elaia Alpha fund
Cancer Research Tech (CRT) Pioneer Fund
Rockspring
INRIA IT Translation
"TT Fund" (confidential) in progress
"TT Fund II" (confidential) in progress
"TT Fund III" (confidential) in progress
……………..
Country
Fund Size
(EUR m)
EIF investment
(EUR m)
France
Belgium
Belgium
UK
Sweden
UK
Sweden
Lithuania
Belgium
Latvia
Belgium
France
Belgium
Lithuania
Bulgaria
Bulgaria
Greece
Greece
France
France
UK
UK
France
-
38.3
15
8
37
17
38
36
8
16
12
43
20.5
18
11
11
9
10
14
35
45
30
31
30
36
40
40
4.3
4.5
4
18
9
11
27
7.6
8
9
15
10
6
8.5
11
9
7
9.3
15
20
15
10
10
24
12
15
648.8
299.2
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Contact
Dr. Piyush Unalkat
European Investment Fund
15 avenue J.F. Kennedy
L-2968 Luxembourg
LUXEMBOURG
Em: [email protected]
Tf: +352 2485 81529
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