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TechCapMarkets: Improving access for innovative SMEs to Funding via EU Capital Markets

Objective

TechCap Markets will address a specific challenge in improving access by innovative SMEs to alternative finance: the lack of connectivity with exit markets such as stock exchanges and emerging growth markets for trading shares in private innovative SMEs.
This lack of connectivity for both alternative finance providers and innovative SMEs is characterized by:
- Lack of opportunity for Initial Purchase Offers (IPOs) for innovative SMEs in Europe
- Challenges to trading privately held shares in Innovative SMEs
- Sub-optimal use of public market investment vehicles in raising venture capital funds
- Difficulty to raise capital via further issuances by listed innovative SMEs/Tech companies

It will pursue the following objectives:
- Establishing a High-Level Advisory Group and series of Expert Working Groups and capture the latest market expertise via these groups to deliver:
o a whitepaper for exchange operators and policy makers containing best practice in public policy, regulatory environments
and market operations and make recommendations as appropriate
o develop a practical “how to” tool kit for innovative SMEs and alternative finance providers to access exchanges
- Produce learning material tailored to different stakeholder groups and prepare and implement a capacity building plan for all stakeholders
- Create awareness about exits to stock exchanges and the use of secondary market places
The consortium is composed of 3 partners, designed to maximize the effectiveness of bringing together senior market practitioners and gathering and deploying their expertise. The partners specific expertise covers the individual requirements of the project: EUN - the current relationship between innovative SMEs and alternative finance providers such as BA and VC investors. IESE - world class research capabilities at the nexus of entrepreneurship and capital markets; PMEF - think tank of professionals in financing for entrepreneurs with strong public policy expertise.

Field of science

  • /social sciences/economics and business/business and management/commerce
  • /social sciences/political science/public policy

Call for proposal

H2020-ALTFI-2017
See other projects for this call

Funding Scheme

CSA - Coordination and support action

Coordinator

EUROPE UNLIMITED S.A.
Address
Place Flagey 7
1050 Bruxelles
Belgium
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
EU contribution
€ 232 525

Participants (2)

PME FINANCE
France
EU contribution
€ 153 500
Address
68 Rue Du Faubourg Saint Honore
75008 Paris
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
UNIVERSIDAD DE NAVARRA
Spain
EU contribution
€ 161 625
Address
Campus Universitario Edificio Central
31080 Pamplona
Activity type
Higher or Secondary Education Establishments