MICRO Enhancing Competitiveness of Microentreprises in Rural Areas

Unit 2: Sources and resources in support of micro-enterprises I


EUWT_U2_EN  

 Title
Unit 2: Sources and resources in support of micro-enterprises I

 Keywords
European resources, micro enterprises, rural&#

 Author
IHF

 Languages
English

 Objectives/goals
This unit aims to increase understanding of the resources and financing opportunities available to support micro-enterprises to expand to international markets


 Description
Course on Sources and resources in support of micro-enterprises

 Contents


 EU wide tools and resources for rural micro-enterprise development

Sources and resources in support of micro-enterprises


  To promote and support entrepreneurship of micro-enterprises EU provides key support networks, tools and resources (1 of 2)

It includes:

1.The  Portal - that aims to give SMEs clear and easy access to the broad range of existing public services. Presently, 35 target markets around the world are covered. It includes a useful Market Access Database – that is free, open to the public and contains some 300 service providers that cover approximately 1200 support services.
2.The European Cluster Collaboration Platform, focusing on supporting internationalization of European Businesses and SMEs.  

More information:

https://ec.europa.eu/growth/tools-databases/smeip

https://www.clustercollaboration.eu/



  To promote and support entrepreneurship of micro-enterprises EU provides key support networks, tools and resources (2 of 2)

It includes:

3.The Enterprise European Network, providing  access to market information and partnership
4.The Europe Business portal: a guide to doing business in Europe

 

All of them are available in the 24 official languages of the European Union

 

More information:

http://een.ec.europa.eu/

http://ec.europa.eu/small-business/index_en.htm

 



  The “Internationalisation Portal”

Tools include:

Guidebooks on internationalisation support for micro-enterprises
An extensive Export Helpdesk
Formulation of the Enterprise Europe Network as a support tool for the internationalisation of micro-enterprises, providing advice for international growth

More Information:

http://een.ec.europa.eu/



  The “Database”

Tools include:

Partnering opportunities, divided into countries and sectors 
Event calendar for international growth opportunities
Business matchmaking events, intel on trade missions, conferences and workshops

More Information:

http://een.ec.europa.eu/content/events-0 



  The European Cluster Collaboration Platform

Created by DG Growth:

It is an  overview of EU Instruments contributing to the Internationalisation of European Businesses to help improve the knowledge of potential business internationalisation stakeholders on funding possibilities and existing instruments (both direct and indirect) and supporting SME internationalisation beyond the EU.

More Information:

http://ec.europa.eu/DocsRoom/documents/21750

https://www.clustercollaboration.eu/international-cooperation



  The Enterprise Europe Network supports (1 of 2)

Export of products or services to new markets
Acquiring CE marking for products
Finance guidance and mentoring for growth plans
Protection of intellectual property assets in another country
The Network has some 600 partners (SME support service providers) in more than 50 countries.

 

More Information:

http://een.ec.europa.eu/



  The Enterprise Europe Network Services (2 of 2)

1. Business co-operation

Services to develop trans-national (within the EU) and international (beyond the EU) commercial co-operation between SMEs.

2. Innovation and transfer of technology and knowledge

Helping Micro and SMEs to become more innovative;

3. Advice

Advice and information to help micro enterprises to become more competitive, and to enable them to benefit from opportunities in the single market, including advice on EU legislation.
New services to support scale-ups will be launched in 2017.

More Information:

http://een.ec.europa.eu/



  Europe Business Portal (1 of 2)

A convenient guide for micro-enterprises wishing to go abroad and fully exploit opportunities of the EU Single Market
Intends to provide practical information on rights, obligations and opportunities for entrepreneurs who wish to do business throughout the EU
Covers a wide range of topics i.e. e-procurement, IPRs, standardisation, EU funding
Established under the EU programme COSME

More Information:

http://een.ec.europa.eu/



  Europe Business Portal (2 of 2)

Divided into 8 main sections:
 

 

More Information:

http://europa.eu/youreurope/business/index_en.htm



  Funding Opportunities

The main opportunities for funding the internationalization of micro-enterprises include:

1.Access2Finance
2.Crowdfunding opportunities for micro-enterprises
3.COSME; that includes an equity and a debt facility

 

More Information:

http://ec.europa.eu/growth/access-to-finance/cosme-financial-instruments/

www.access2finance.eu

 

 

 

 



  Access 2 funding

Two thematic sections:

microcredit and microloans for micro-enterprises;
social entrepreneurship.
EaSI Guarantee. EUR 96 million available for interested microcredit providers
EaSI Capacity Building. EUR 16 million available through EaSI Capacity Building Investments Window. 

More Information:

http://europa.eu/youreurope/business/funding-grants/access-to-finance/index_en.htm

http://ec.europa.eu/social/main.jsp?catId=1084&langId=en

http://ec.europa.eu/regional_policy/index.cfm/en/funding/accessing-funds/

 



  Crowdfunding opportunities

Usually they keep 5% of the total funds raised.

Examples:

1.Kickstarter.com. It has attracted more than five million contributors pledging close to $1 billion, funding more than 55,000 individual projects.
2.Indiegogo.com. The entrepreneurial campaign is the main tool for securing funding for micro-enterprises and start-ups

More Information:

http://thecrowdfundingacademy.org/

https://www.kickstarter.com/

https://www.indiegogo.com/



  Funding Opportunities

1.COSME - The Equity Facility for Growth (EFG)  
Receiving funds from the European Investment Fund it invests in selected venture capital and private equity funds that provide funding to micro or SMEs predominantly in their expansion and growth stages.

More Information:  http://www.eif.org/what_we_do/equity/single_eu_equity_instrument/cosme_efg/index.htm 

 

 



  Funding Opportunities

2.COSME - The Loan Guarantee Facility (LGF)  
It offers guarantees and counter guarantees to selected financial intermediaries (e.g. guarantee institutions, banks, leasing companies) to help them provide loans and leases to SMEs which they would otherwise not support. 

More Information:

http://www.eif.org/what_we_do/guarantees/single_eu_debt_instrument/cosme-loan-facility-growth/index.htm  



 Results

At the end of this module you will be able to: - Identify and take advantage of financing opportunities that could support further growth of micro-enterprises - Require and retrieve information on foreign markets and expansion opportunities to third countries

 Bibliography


 Related material:
EUWT_U2_EN_moduleno10unit2sourcesandresourcesi.pdf
 Training Fiche PPT:
EUWT_U2_EN_moduleno10unit2sourcesandresourcesi.pptx