Community Research and Development Information Service - CORDIS

FP5

Guarantee mechanisms for financing innovative technology

Funded under: FP5-INNOVATION-SME

Abstract

A literature review, drawing from an extensive bibliography, introduces a survey of current practice about guarantee mechanisms that support the financing of innovative technology in the European Union. Forty-seven guarantee schemes are described and analysed for their support to new, technology-based firms. Schemes are classified by relevance and types of finance and sponsor agency; then compared on the extent of their guarantee cover, fees, interest rates, duration, eligibility, and default behaviour. Various benefits of guarantees are identified, illustrated by brief case studies. Evaluation is considered in the context of how problems have been solved and obstacles overcome. Exemplary practices are identified, and preconditions for their successful transfer deduced. Unresolved issues are noted, and suggestions are offered for further discussion.

Additional information

Authors: No authors provided, EC-DG Research, Brussles, (BE)
Bibliographic Reference: EUR 17041 EN (2001), pp.111. Euro: 20.50
Availability: Available by EUR-OP sales agent. http://http://www.eur-op.eu
ISBN: ISBN: 92-894-0787-5
Record Number: 200013632 / Last updated on: 2002-07-04
Category: PUBLICATION
Original language: en
Available languages: en