Digitization: Terms & History
Learn about the process of digitization and digital transformation in vocational education and training. Explore helpful terms and the history of digitization. Discover the impact of digital technologies on business processes and customer experiences. Engage with interactive tasks and educational resources to deepen your understanding.
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Presentation Transcript
EC tool & services to support Innovation: what can we do for you? Luuk Borg DG CONNECT F3
Subjects Innovation Radar Startups and Scaleups in Europe InnovFin quick overview
Innovation Radar: Scaling up & next steps Eoghan O'Neill 'Startups & Innovation' unit DG CONNECT
80 billion For H2020
'What are the highest potential innovations in EU funded R&I projects?'
'Who are the innovators behind these innovations?'
"What are the 'go to market' needs of any one of these high potential innovators?"
'What do we have to offer that could help them to address those needs?'
Data helps us assess the 'who' and the 'what'
The tool today (Dashboard) What Who
Innovation Radar will be embedded in European Innovation Council
We go public with Innovation Radar data in 2017. Maybe an API too.
Start-ups and Scale-ups in Europe Start-ups, often tech-enabled , in general combine fast growth, high reliance on innovation of product, processes and financing, utmost attention to new technological developments and extensive use of innovative business models, and, often, collaborative platforms.
From Startups to Scale-ups Start up policies have been successful - no major difference between the EU and the US in creating new firms particularly in the tech sector (e.g. engineering, automotive). However too few European start-ups survive beyond the critical phase of 2-3 years, with even fewer growing into larger firms.
Main Issues for Startups and Scale- ups Startups have trouble to scale up and still face too many regulatory and administrative barriers especially in a cross-border situation; for both start-ups and scale-ups, too few opportunities exist to find and engage with potential partners in finance, business and local authorities; accessing finance is one of the biggest barrier to scaling up.
Start-up and Scale-up Initiative with Emphasis on: 1. regulatory Framework: "Removing Barriers". 2. Ecosystem, procurement and skills: "Creating new opportunities" 3. Access to Finance
EU financial instruments Debt facilities supporting loans for R&I, SME etc The equity facility supporting investments in companies 19
EIF: For "small" players Indirect implementation European Union budget Provides funds Counter or Co-Guarantees Invests Guarantee Society Venture capital Fund Business Angels Bank Invests Startups SMEs Lends SMEs & Small mid-caps 20
