An innovative initiative funded by the EU, to benefit small and medium sized enterprises in the Western Balkans WB EDIF Paris, 19 June 2018 1
A bit of history ✓ In early 2011, the WBIF decided to become active in the field of private sector developmen t 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 2
WB EDIF today Under the umbrella of Co-ordinated by Partners and Contributors Financial instruments Advisory and Support Services ENIF ENEF Policy level support Enterprise Enterprise Innovation Fund Expansion Fund Ecosystem level support GF Lending SME level support Guarantee Facility Competitiveness programme Support Services Coordinated by EIB 3
WB EDIF integrated approach across the whole SME spectrum 4
WB EDIF – Some Numbers 5
Financial Instruments * Data as of December 2017 Enterprise Innovation Fund (ENIF-SCV) EUR 41 m 9.1M € invested A Venture Capital fund focusing on innovative start-ups/SMEs Managed by South Central Ventures (SCV) Enterprise Expansion Fund (ENEF-EBRD) EUR 97 m 30M € invested ** 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) Coming soon … EUR 70m credit lines to banks for on-lending to SMEs EUR15m for incentives and technical assistance 6 ** 15M€ co -invested via DFF
Advisory and Support Services EIB provides overall coordination and monitoring as well as targeted advisory on specific assignments 7 *
Visibility and Communication ✓ 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 8
First WB EDIF Success Story Video The video tells the story of Marko Gacesa, Nikola Milinkovic and Dusko Vesin; the founders of DryTools which was the very first investment undertaken by WB EDIF’s early stage fund — the Enterprise Innovation Fund (ENIF). https://youtu.be/A4qQ0LI9-IM 9
Outreach and Events ✓ Western Balkans Summit in Trieste, July 2017 ✓ WB EDIF 5th Anniversary Event, Sarajevo, November 2017 10
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 11
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 12
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