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COSME: €2.3bn Competitiveness of Enterprises and Small and Medium-sized Enterprises

COSME: €2.3bn Competitiveness of Enterprises and Small and Medium-sized Enterprises. COSME – dedicated to SMEs. Strengthening the competitiveness and sustainability of the EU’s enterprises, particularly SMEs

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COSME: €2.3bn Competitiveness of Enterprises and Small and Medium-sized Enterprises

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  1. COSME:€2.3bnCompetitiveness of Enterprises and Small and Medium-sized Enterprises

  2. COSME – dedicated to SMEs • Strengthening the competitiveness and sustainability of the EU’s enterprises, particularly SMEs • Encouraging an entrepreneurial culture and promoting the creation and growth of SMEs • Main target audience: SMEs, Entrepreneurs, Business Support Organisations, regional and national administrations

  3. COSME - pillars 1. Access to finance 3. Framework conditions 4. Entrepreneurship 2. Access to markets

  4. 1. Improving access to finance • 2 financial COSME instruments: • Equity Facility for Growth (EFG) to invest in SMEs in expansion phase • Loan Guarantee Facility (LGF) to provide debt guarantees for SMEs • Supported by 2 H2020 financial instruments • Equity Facility for R&I • SME Guarantee Facility for R&I • Through the European Investment Fund € 163 M (2014)

  5. COSME FinancialInstrumentsfor SMEs SMEs SMEs EU budget Co-Guarantees Invests Provides funds Guarantee Society Venture Capital Fund Banks Invests Lends 5

  6. 2. Improving access to market • A one-stop shop for SMEs • Stimulating development of new markets • Implementation of international business strategy • Bespoke research (regulations, country, sector) • Protection and exploitation of IP and trademark • Finding International partners for SME • Training programmes: e.g. SME managers (TBC) • Numerous added value opportunities

  7. 3. Improving “framework conditions” • Objectives • Reducing administrative burden: register company in 2 days • Supporting smart regulation (e.g. Small Business Act) • Enhance productivity, resource efficiency, sustainability and corporate social responsibility. • Tools • Statistical analysis, benchmarking, policy monitoring (SME feedback, Consultations) • Workshops and exchanges of best practices between policy makers (e.g. SME Envoys)

  8. 3. Improving “framework conditions” • Objectives • Accelerating the emergence of competitive industries. • Stimulate development of new markets and competitive business models. • Tools • Support to Clusters (Internationalization, Excellence, Cluster Observatory, etc.) • Sectorialpolicies (e.g. tourism, digital-economy, construction)

  9. WP2014: Cluster internationalisation • Objectives: • Intensify cluster and business network collaboration across borders and sectoralboundaries • Promoting pan-European Strategic Cluster Partnerships • Actions: • Cluster Go International: Services to support preparatory actions for the establishment and running of European Strategic Cluster Partnerships • Creation of European Cluster Collaboration Platform € 3M (2014) What % for NW?

  10. WP2014: Enhancing European tourism • A number of activities will be implemented under the five operational objectives: • Increasing tourism flows in low season • Diversifying the EU tourism offer and products • Enhance tourism quality, sustainability, accessibility, skills, information and innovation • Improving socio-economic knowledge of sector • Increasing Europe's visibility as a tourist destination as well as its diverse destination € 8.7M (2014) What % for NW?

  11. 4. Enhancing European Entrepreneurship • Objectives: • Developing entrepreneurial skills and attitudes, • especially among new entrepreneurs, young people and women, supporting mentoring schemes, promoting social entrepreneurship • Programmes • Erasmus for Young Entrepreneurs • Women’s entrepreneurship • Senior’s entrepreneurship • Digital entrepreneurship • Entrepreneurship education • Support for entrepreneurship policy

  12. Enhancing NW Entrepreneurship through EENW • Support to access funding • Source new products, service, franchise opportunity to start up • Add value to current actors’ offering: workshops, training and exchanges of best practices • Support to develop international collaborative platforms • Promotion activities and awareness raising activities What % for NW?

  13. COSME calls • Web Entrepreneurs Challenge (11/12/2013 WP2014-15 ) - Deadline: 23/04/2014 – Budget: €10M • ICT Innovation for Manufacturing SMEs (FoF-09-2015) - Deadline: 09/12/2014 - Budget: €145,000,000 • Stimulating the innovation potential of SMEs for a low carbon energy system – (SIE-01-2014-1) Between 01/03/14 and 17/12/2014 • Networking of SMEs in the nano-biomedical sector - (NMP-09-2014) Deadline: 06/05/2014 – Budget: €12,500,000 • Innovative mobile e-government applications by SMEs – (INSO-9-2015) – Between 01/01/15 and 16/12/2015 - Budget: €233,701,600

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