WB EDIF Paris, 19 June 2018 1 A bit of history In early 2011, the - - PowerPoint PPT Presentation

An innovative initiative funded by the EU, to benefit small and medium sized enterprises in the Western Balkans

WB EDIF

Paris, 19 June 2018

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A bit of history

✓ In early 2011, the WBIF decided to become active in the field

• f

private sector development and earmarked some funding to support SME access to finance ✓ Proposed structure to best leverage the earmarked resources was a Financing Platform

• utilising

financial engineering instruments (debt and equity), supported by a Technical Assistance Facility ✓ Platform Advisory Group representing the main WB EDIF stakeholders was established and the platform launched in December 2012

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Under the umbrella of

ENIF

Enterprise Innovation Fund

ENEF

Enterprise Expansion Fund GF Guarantee Facility Lending Competitiveness programme Financial instruments

Partners and Contributors

WB EDIF today

Co-ordinated by Advisory and Support Services Policy level support Ecosystem level support SME level support

Support Services Coordinated by EIB

WB EDIF integrated approach across the whole SME spectrum

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WB EDIF – Some Numbers

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Financial Instruments

* Data as of December 2017

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Enterprise Innovation Fund (ENIF-SCV) EUR 41 m

A Venture Capital fund focusing on innovative start-ups/SMEs Managed by South Central Ventures (SCV)

** 15M€ co-invested via DFF

Enterprise Expansion Fund (ENEF-EBRD) EUR 97 m

A private equity Capital fund focusing on established SMEs with high growth potential structured and advised by EBRD

Guarantee Facilities (EIF)

incentivizing banks to increase their SME lending

+ GF Serbia – ca EUR 100m new SME loans + GF for Youth Employment – ca EUR 60m new SME loans

Competitiveness Programme (EBRD)

EUR 70m credit lines to banks for on-lending to SMEs EUR15m for incentives and technical assistance

Coming soon …

9.1M€ invested 30M€ invested**

Advisory and Support Services

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EIB provides overall coordination and monitoring as well as targeted advisory

• n specific assignments

Visibility and Communication

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✓ New WB EDIF website just launched (www.wbedif.eu) ✓ WB EDIF Annual Report 2017 ✓ Videos and Case Studies showcasing WB EDIF on the ground ✓ WB EDIF Success Stories Booklet ✓ First WB EDIF Business Forum will take place in Belgrade (26 June) ✓ News Flashes disseminating WB EDIF related news ✓ Enhanced visibility and collaboration with the regional stakeholders

First WB EDIF Success Story Video

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https://youtu.be/A4qQ0LI9-IM

The video tells the story of Marko Gacesa, Nikola Milinkovic and Dusko Vesin; the founders

• f DryTools which was the very first investment

undertaken by WB EDIF’s early stage fund—the Enterprise Innovation Fund (ENIF).

Outreach and Events

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✓ Western Balkans Summit in Trieste, July 2017 ✓ WB EDIF 5th Anniversary Event, Sarajevo, November 2017

The Way Forward

➢ In five years, WB EDIF established itself as an effective and integrated platform in support of SME access to finance ➢ WB EDIF is delivering tangible and measurable results – continuity is key ➢ Diversity of know-how and co-operative approach among EC, IFIs and local economies are assets to be preserved and enhanced ➢ Priorities to be reassessed and refocused based on thorough analysis of impact achieved so far, also taking into account the new landscape determined by accession strategy

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Thank you!

Marco Marrone m.marrone@eif.org Tel.: (+352) 24 85 1 European Investment Fund 37B, avenue J. F. Kennedy L-2968 Luxembourg www.eif.org More info: WB EDIF: www.wbedif.eu

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