Financing Innovation from ideas to market
Venue: Estoril Congress Center
|Event Date/Time: Oct 08, 2007||End Date/Time: Oct 09, 2007|
Innovation is recognised as a key component for the economic growth process. As the world economies become more integrated and interdependent, the ability of companies to seize global business opportunities by commercialising new products and processes faster than their competitors is critical for their growth.
SMEs play a very important role in the global economy as they represent the majority of wealth and jobs creation worldwide. Access to financing is one of the most significant constraints to the creation of SMEs, as well as their survival and development, in particular innovative companies which context is highly complex and with rapid changes.
The governments and the European Commission have recognised these limitations and have undertaken a series of measures to improve access to finance for SMEs. Despite the measures undertaken, SMEs still consider access to finance to be one of the most important constraints to their development.
Within the Lisbon Agenda the innovation-driven productivity is recognised as a key factor for economic growth. Improving the capabilities of innovative SMEs in accessing finance is crucial to foster competition and innovation and boost the European productivity and its sustainable growth.
The Portuguese EU Council Presidency underlines the importance of this objective by promoting the Forum “Financing Innovation – From Ideas to Market”, in order to further discuss and seek alternative solutions, and/or initiatives to facilitate the financing process of SME, so that these can innovate at all stages of development.
The Forum is a joint initiative between the European Commission and IAPMEI – the Portuguese Agency for SMEs and Innovation. Its aims is to provide a platform which will enable Member States, the European Commission, Financial Institutions and members of the SME and Innovation/Technology communities to discuss relevant policies and practices, as well as the basic constraints, possible solutions and actions that are required to support innovation through better access to finance.
The Forum will have four workshops focused on the following key themes:
From Ideas to Market
Discussion on the availability of early-stage financing instruments and the importance on reinforcing business cooperation networks to facilitate the passage from ideas to the market and to foster technology transfer from universities and research institutions.
Discussion around good investment readiness programmes that can make a difference for companies with a high level growth potential, leading them to find investors and become successful.
The Right Environment
This workshop will discuss ways to encourage informal investment in entrepreneurial ventures, which is the right way towards a single venture capital market and how Basel II constraints can be overcome.
Savings for Growth
This workshop will show how public support can be effective in channelling private funding for SMEs.