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2014. 07. 10.I author: European Association of Development Agencies -

RIS3 implementation using financial instruments

On the 9th of July, during META Group's Innovation Lab, representatives from DG Regio, DG Competition and DG Research and Innovation presented an update on the situation of the legal and practical side of the new regulation on financial instruments.

The new programming period will encourage financial engineering moving away from the grant assisted mentality.

As an introduction to the Innovation Lab, Christian Saublens from EURADA presented some food for thought on how to assess the real needs of stakeholders in the entrepreneurial and public authorities' fields by means of the following questions:

  • What type of funding do you want to promote?
  • What type of enterprises do you want to support?
  • How do you perceive the risk (as investors or at the place of an entrepreneur)?
  • Which stage of investment do you want to cover?
  • Is funding enough (coaching, mentoring)?
  • What liquidity and exit strategy?
  • How to build regional intelligence regarding SMEs?

Mr Stefan Appel of DG Regio reminded participants of the rules to establish financial instruments within the ERDF and stressed the advantages for Managing Authorities to use the "on the shelf" instruments.

Mr Paolo Cesarini of DG Competition provided an overview of the new State Aid regulation for financial instruments including the "de minimis" and the new provision in the General Block Exemption rules.

Mr Marie-Cécile Rouillon (DG Research & Innovation) presented an overview of the COSME-Horizon2020 financial instruments.

Presentations available:

Christian Saublens - Why to build a regional fincancial instrument?

Stefan Appel - Financial Instruments supported by ESI Funds

Paolo Cesarini - New Rules for Risk Finance Aid

Marie-Cécile Rouillon - Overview of Financial Instruments in Horizon 2020 and COSME - Challenge of synergies at national/regional level

Andrea di Anselmo

Luigi Amati


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