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ENTERPRISE FINANCING

ENTERPRISE FINANCING

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ENTERPRISE FINANCING

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  1. ENTERPRISE FINANCING MENA-OECD CONFERENCE DUBAI MARCH 2007 Dr.Rashad Othman, Jordan

  2. FACTS • WE ALL AGREE ON THE IMPORTANCE OF INVESTMENT AS A DRIVER FOR ECONOMIC DEVELOPMENT • THERE IS NO SHORTAGE OF CAPITAL FOR INVESTMENT, JUST THE ARAB CAPITAL AVAILABLE IS MORE THAN 3 TRILLION DOLLARS • SHORTAGE OF PROPER FINANCIAL PRODUCTS AND INSTRUMENTS Dr.Rashad Othman, Jordan

  3. FACTS • SME’s REPRESENT MORE THAN 97% OF COMPANIES • ACCOUNT FOR TWO THIRD OF JOBS • SIGNIFICANT SHARE OF THE VALUE ADDED • WE NEED 47 MILLION NEW JOBS BY 2012 • WE ALL KNOW THE CHALLENGS, BUT THE IDEAL ENVIRONMENT MIGHT NOT COME SOON, SO WE ARE MOVING…….. Dr.Rashad Othman, Jordan

  4. WE NEED TO DEFINE FINANCIAL NEEDS BETWEEN: • EXISTING SME • START UPS • NEW IDEAS/INNOVATION Dr.Rashad Othman, Jordan

  5. EXISTING SME’S • THEY DO NOT HAVE ACCESS TO THE FINANCE • NEGATIVE IMPACT ON GROWTH AND COMPETITIVNESS • LIMITED VALUE ADDED TO THE ECONOMY Dr.Rashad Othman, Jordan

  6. START UPS • ALSO DIFFICULT TO HAVE ACCESS TO FINANCE • PERSONAL RISKS • LIMITED GROWTH Dr.Rashad Othman, Jordan

  7. NEW IDEAS/INNOVATION • THEY NEED MORE SUPPORT SINCE IT IS STILL AN IDEA • FEW IDEAS MIGHT MATERIALISE INTO REALITY Dr.Rashad Othman, Jordan

  8. JORDAN REVIEW • GOVERNMENT ESTABLISHED TWO PROGRAMMES: • SUPPORT SME’S, UPGRADING THEIR CAPACITY & CAPABILITIES LEADING TO ACCESS TO FINANCE • INNOVATION CENTERS/INCUBATORS • TODAY THERE ARE 5 CENTERS, EACH HAS 5 INCUBATEES • IN COOPERATION AND HOSTED BY THE RESEARCH & EDUCATION INSTITUTIONS • DIVERSIFIED IN NATURE, FROM I.T, FOOD INDUSTRIES, INDUSTRIAL ..ETC Dr.Rashad Othman, Jordan

  9. SEED CAPITAL • EACH INCUBATEE CAN HAVE ACCESS TO UP TO 15,000 JD (+20K $) • TEAM OF EXPERTS ARE ASSIGNED TO THE PROJECT OWNER • USUAL TIME FRAME IS 6-12 MONTHS. Dr.Rashad Othman, Jordan

  10. PRIVATE SECRTOR INCUBATORS • WE PRESENTLY HAVE NEW INNOVATIVE PROJECTS IN THE FIELD OF CLIMATE CHANGE AND RENEWABLE ENERGY: • WINDMILL PROJECT TO PRODUCE 60 MEGA WATT OF ELECTRICITY • BIOMASS PROJECT BOTH QUALIFY FOR CDM, FINANCIALY SOUND AND NEEDS FINANCING Dr.Rashad Othman, Jordan

  11. RECOMMENDATIONS • ENABLING ENVIRONMENT FOR VENTURE CAPITAL THROUGH • NEW BY LAWS • INCENTIVES • ESTABLISHMENT OF INNOVATION FUND • PROMOTING THE INNOVATION CULTURE • STRENGTHENING RELATIONS WITH THE FINANCIAL SECTOR, CREATING SME’S FINANCING TEAMS • STRENGTHEN RELATIONS BETWEEN STAKEHOLDERS, INCUBATORS, BUSINESS ANGELS, FINANCE INSTITUTIONS, RESEARCH ..ETC Dr.Rashad Othman, Jordan