Financing and raising capital for development from public and private sources
- Private financing
In most cases, small and micro enterprises do not have the money
required to effectively exploit their innovative ideas or expand their
activities and are obliged to seek cash injections from external sources. Money
is also a major problem when establishing a start-up company to commercialise
innovative ideas or research results. In most cases, without some form of cash/capital
injection, growth will fail.
Thus, this seminar offers a comprehensive overview of the possibilities
presented to such enterprises through private financing. The participants are
introduced to the concept of private financing and its aspects, before engaging
in an in-depth analysis of the available financing means open to them.
The main aim is to adopt a critical view, and as such, strong reference will be
made to the particularities of each financing option, as well as the pros and
cons that enable or limit the investment scope of the entrepreneur. Emphasis is
given on the necessary tools that assist the entrepreneur during the negotiation
phase and how can the Small and micro enterprises exploit most those financing
Case studies are presented during the seminar to assist with the understanding
of each and all financing options. The case studies refer to recent European or
National level examples, examine all the steps of the financing procedure and
special reference is made to the lessons learnt by the company. Furthermore, the
speakers and the participants enact in a dynamic practical exercise where first
hand experience is obtained on the various procedures involved in acquiring
By the end of the seminar, the participants are equipped with useful knowledge
which will be very important in their attempt to attract investors. Getting an
investor to invest in an idea is not an easy task, and as such the skills which
are acquired through the seminar are considered as means to increase individual
competitiveness among business and moreover there potential for innovation and
The seminar was organised in Athens on February 1-2, 2007 entitled:
"Private Financing & Public Funding for small and micro enterprises - the
tools for business growth and technological development
to download the agenda of the seminar [PDF, in Greek].
- Public funding
The growing importance of public funding at European, national and regional level
has recently been underlined by the European Commission that strongly recommends
the improvement of possibilities of accession to public fundings for every enterprise
with the aim of implementing competitiveness throughout activities of technology transfer
in order to exchange expertise, know-how and innovative technology.
With particular reference to Small and micro Enterprises (SmEs), a continuous and effective
collaboration between enterprises and public Institutions is the key strategy that raises
needs and capacities.
Therefore the objective of this seminar “How public funding meets the needs of Micro and
Small Enterprises” will be that of providing SmEs knowledge on the existing public funding
schemes, the best practices, the tools and the sources of information offered to support
competitiveness of SmEs. In particular the specific actions for SmEs in the 7th European
Framework Programme on Research and Technology Development (2007-2013) and Competitive
Innovation Programme (CIP) will be presented.
ISOPTT: Increasing the
SMEs Own Potential for