The TechCapMarkets aims to improve the access of innovative small and medium sized enterprises (SMEs) to alternative finance. Within this
This project is set against the wider backdrop and challenge of ensuring Europe’s most promising, fast-growth and
innovative SMEs have the opportunity to become global leaders while remaining both European and independent.
Through the project, we consulted with a wide variety of stakeholders that all have a key role to play in ensuring high-growth innovative SMEs can realise their potential. These included entrepreneurs, venture capital fund managers, public market investors, investment banks, national development banks and stock exchange operators.
As it may be expected there were different views on specific issues, or the relative importance of some challenges which resulted in the recommendations contained in the report final report. These recommendations are guided by the following principles:
• They will directly, or indirectly, increase the number of public market investors with the knowledge and appetite to invest in European tech companies listed on European stock exchanges.
• They will contribute to enabling European tech companies to achieve sufficient market penetration, scale and valuations, while remaining private, in order that if they do choose to execute an Initial Public Offering, they are relevant to as broad a set of public market investors as possible.
The final report is one important component of the TechCapMarkets project. It gathers and views on the long-term challenges European tech companies face to listing on European public markets, and provides recommendations on how these may be addressed, and where appropriate, gives examples of good, existing practices.
