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Access to Risk Finance

All’interno del pilastro ‘Industrial Leadership ’, la sezione ‘Accesso alla Finanza di Rischio’ raccoglie degli strumenti finanziari volti a supportare le aziende ed altri tipi di organizzazioni attive nei settori di Ricerca e Innovazione nell’accesso a prestiti, garanzie, controgaranzie, finanziamenti ibridi o mezzanino ed a strumenti di equity.

Il principale obiettivo è quello di raggruppare e riprodurre le facilities che, nel precedente Programma Quadro, hanno supportato la ricerca e l’innovazione. Tra queste: il Risk-Sharing Finance Facility (RSFF), il Risk-Sharing Instrument for SMEs (RSI) ed infine la Facility a supporto delle PMI innovative ad elevata crescita, GIF-1, contenuta all’interno del programma per la Competitività e l’Innovazione, CIP (Competitiveness and Innovation Framework Programme).

 

Azioni

Le azioni a supporto dell’‘Accesso alla Finanzia di Rischio’ includono strumenti finanziari, expertise esterna, studi e conferenze.

In questo ambito, gli strumenti finanziari previsti da Orizzonte 2020 opereranno congiuntamente con quelli previsti da COSME (Programma per la Competitività delle Piccole e Medie Imprese). Gli strumenti di debito e di equity, immessi secondo un approcciodemand-driven, sono di seguito elencati:

  • Servizio di Prestiti per le attività di R&I, il Loan Service for R&I(sulle basi del precedente RSFF);
  • Servizio di Prestiti per la R&I destinato alle PMI e alle piccole Mid-Caps, lo SMEs and Small Midcaps R&I Loans Service(successore del RSI);
  • Strumento di Equity per la R&I, l’Equity Facility for R&I(successore del GIF-1 e complementare all’Equity Facility for Growth, EFG, previsto dal programma COSME);
  • Strumento Pilota per il Finanziamento del Trasferimento Tecnologico, ilTechnology Transfer Financing Facility Pilot(novità).

 

Per l’attivazione delle Facilities, la Banca Europea degli Investimenti (BEI) ed il Fondo Europeo degli Investimenti (FEI) ricopriranno un ruolo significativo a fianco della Commissione europea. 

 

Budget disponibile: 

Loans Service for R&I

(mln €)

 

107,7

SMEs & Small Midcaps R&I Loans Service

87,75

Climate-Change Window

20

Joint Guarantee Instruments for R&I-intensive SMEs and Small Midcaps

60

Equity Facility for R&I

40

Piloting Co-Investments by Business Angels in Innovative ICT Firms

30

Technology Transfer Financing Facility Pilot

60

Call — Capacity-Building in Technology Transfer

2,5

Call — Boosting the Investment-Readiness of SMEs and Small Midcaps

2,5

External Expertise

18,14

Studies

Conferences

1,72

0,10

 

 

 

 

EIB

EIF

Selection

Loans Service for R&I

Instrument implemented by both EIB and EIF

Instrument delivered directly by EIB andother financial intermediaries(guaranteed against a proportion of potential losses by EIB and/or EIF)

Financial intermediaries: EIF will issue one or more calls for expression of interest;

Intermediate loans: according to the internal processes of the intermediary bank;

Direct financing operations: EIB checks the viability and DG R&I the alignment with H2020 goals of the potential financing operation

SMEs & Small Midcaps R&I Loans Service

 

Instrument implemented by EIF

Instrument delivered by other financial intermediaries (that extend the actual loans to final beneficiaries and are guaranteed against a proportion of potential losses by EIF)

Financial intermediaries: EIF will issue one or more calls for expression of interest;

Loans: according to the internal processes of the intermediary bank

Joint Guarantee Instruments for R&I-intensive SMEs and Small Midcaps

EIB and EIF resources combined with funds from COSME, H2020 and ESIF

For Horizon 2020, access to public guarantees for partner banks is conditional on passing on the benefits in the form of new loans to R&I-intensive SMEs and small midcaps

Equity Facility for R&I

 

EIF makes and manages equity investments into risk capital funds and invests in a wide range of financial intermediaries. In case of multistage funds, funding can be provided pro rata from this facility and COSME’s EFG

Risk capital funds (acting as financial intermediaries): EIF will issue one or more calls for expression of interest;

 

Investments by a selected fund in an enterprise: according to the investment strategy and procedures of the fund concerned

 

 

Technology Transfer Financing Facility Pilot

Co-financed investments (that takes form of equity and other forms of risk capital), where possible, are made alongside matching funds from EIB and/or EIF as risk-sharing partners

TT funds and vehicles (acting as financial intermediaries): one or more calls for expression of interest conducted by the entity entrusted by the Commission

Investments carried out by a TT fund or vehicle: according to the investment strategy of the fund or vehicle concerned.

 


Link utili:

>> Sito ufficiale sui bandi di Horizon 2020 Participant Portal

>> Sito ufficiale di Horizon 2020

>> Programma di Lavoro 2016-2017

>> Pagina ufficiale del tema

>> Punti di Contatto Nazionale per questa tematica

 

 

 
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