EIB support to innovation in the MENA
region
Joyce Liyan
Head of Neighbourhood Business Development Unit
Directorate for o...
1. The European Investment Bank: The EU Bank
2. Role of international institutions in promoting linkages
3. Supporting inn...
17/07/2013 3
The European Investment Bank (EIB),
The EU Bank
European Union’s long-term lending bank set up in 1958 by the...
4
Long-term finance promoting
European objectives
17/07/2013
17/07/2013 5
We operate through FEMIP « Facility for Euro-Mediterranean
Investment and Partnership », which brings togethe...
1. The European Investment Bank: The EU Bank
2. Role of international institutions in promoting linkages
3. Supporting inn...
7
EIB Knowledge Economy Lending 2000-2012
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
2000 2001 20...
Risk Capital CIP Resources (SME) RSFF (SME / MidCap)
Entrepreneur, friends, family
Business Angels
Seed/Early Stage VC Fun...
9
Beneficiaries of RSFF financing
• Mid-Caps and large corporates (unrated / sub investment grade)
• Public agencies for S...
EIB Risk Sharing Finance Facility (“RSFF”)
RSFF Approved and signed transactions 2007- 08/2012 (in EURm)
RSFF Portfolio Di...
1. The European Investment Bank: The EU Bank
2. Role of institutions in promoting linkages
3. Supporting innovation in the...
Supporting innovation in the MENA region
EIB has granted a series of loans over EUR 600m to technology parks in the Maghre...
Supporting innovation in the MENA region
Funds for innovative SMEs
As at 31st December 2012 the total active FEMIP risk ca...
The CMI Work programme «Innovation Capacities»
2013-2015
Centre for Mediterranean Integration in Marseille: exchange platf...
Areas under development
 Partnership with European Space Agency: EIB together with the European
Space Agency (ESA) and Lu...
Cultivating «RDI» and competitiveness
• Reflection on «new» financial products along RDI cycle; Regional RDI fund ?
• Prod...
17/07/2013 17
For more information
http://www.bei.org/
info@eib.org
Tel: (+352) 437922000
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2013 cambridge eib support to innovation in the mena region,joyce liyan,head of neighbourhood business development unit

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2013 cambridge eib support to innovation in the mena region,joyce liyan,head of neighbourhood business development unit

  1. 1. EIB support to innovation in the MENA region Joyce Liyan Head of Neighbourhood Business Development Unit Directorate for operations outside the EU Cambridge, 20 June 2013
  2. 2. 1. The European Investment Bank: The EU Bank 2. Role of international institutions in promoting linkages 3. Supporting innovation in the MENA region 17/07/2013 2
  3. 3. 17/07/2013 3 The European Investment Bank (EIB), The EU Bank European Union’s long-term lending bank set up in 1958 by the Treaty of Rome. Shareholders: 27 EU Member States Governance Board of Governors – EU Finance Ministers Board of Directors - Member States & European Commission Management Committee –EIB’s executive body Audit Committee – independent, non-resident
  4. 4. 4 Long-term finance promoting European objectives 17/07/2013
  5. 5. 17/07/2013 5 We operate through FEMIP « Facility for Euro-Mediterranean Investment and Partnership », which brings together the whole range of EIB instruments in North Africa and the Middle East. Our objective is to support the modernisation and opening up of region’s economies. Over EUR 14.2bn invested since 2002 through:  Direct lending to infrastructure projects: transport, energy, water, telecom, health...  Credit lines to SMEs provided through local banks  Equity and risk-capital  Microfinance  Technical assistance The EIB in North Africa and the Middle East : investment, partnership and technical assistance
  6. 6. 1. The European Investment Bank: The EU Bank 2. Role of international institutions in promoting linkages 3. Supporting innovation in the MENA region 17/07/2013 6
  7. 7. 7 EIB Knowledge Economy Lending 2000-2012 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 20,000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2.2 bn 5.1 bn 3.6 bn 6.2 bn 7.1 bn 10.7 bn 10.9 bn 10.2 bn 12.5 bn 18.3 bn 16.5 bn 10.4 bn 9.3 bn Totallendingvolume(EURm) Total Lending 2000-2012 : EUR 123 bn 17/07/2013
  8. 8. Risk Capital CIP Resources (SME) RSFF (SME / MidCap) Entrepreneur, friends, family Business Angels Seed/Early Stage VC Funds VC Funds Bank Loans and Guarantees Seed / Start-Up Phase Emerging Growth Phase Development Phase Facility: High Growth Innovative SME Scheme (GIF), Ecotech Purpose: IP financing, technology transfer, seed financing, investment readiness Target Group: VC Funds, Business Angels EIF Product: Fund-of- Funds Competitiveness and Innovation Program (CIP) Guarantee schemes Growth financing for SMEs VC Funds, SME guarantees (loans, microcredit, equit y/mezzanine,) RSFF Innovation financing SMEs/MidCaps, Banks, PE Investors (sub- investment grade) Loans (incl. Mezzanine), Funded Risk Sharing Facilities with Banks (Investors) Special Operations RSFF / Investment Loans RSFF Investment Loans RDI financing MidCaps/Large Corporates/Public Sector Entities (investment grade) Guarantees Special Operations Later Stage Counterparts EIF EIB EIB Group product offering for RDI TECHNICAL ASSISTANCE 17/07/2013
  9. 9. 9 Beneficiaries of RSFF financing • Mid-Caps and large corporates (unrated / sub investment grade) • Public agencies for S&T / R&D&I promotion • Universities and research institutes • European and national Research Infrastructures (open access). • Industrial and regional clusters/networks Eligible cost categories • Project capital expenditures in tangible (buildings and equipment) & intangible assets (Capital Formation) • RDI cost (basic research, industrial research, development, proof of concept, pilot & demonstration plants; innovation (technological or organisational) • Upscaling / incremental working capital needs. • Development and Acquisition of -proprietary- IPR, and other related operating expenses. RSFF, eligible benificiaries and costs categories
  10. 10. EIB Risk Sharing Finance Facility (“RSFF”) RSFF Approved and signed transactions 2007- 08/2012 (in EURm) RSFF Portfolio Distribution by Industry Segments RSFF Portfolio - Geographical Distribution 17/07/2013
  11. 11. 1. The European Investment Bank: The EU Bank 2. Role of institutions in promoting linkages 3. Supporting innovation in the MENA region 17/07/2013 11
  12. 12. Supporting innovation in the MENA region EIB has granted a series of loans over EUR 600m to technology parks in the Maghreb region, education infrastructure projects, often combined with technical assistance, as well as upstream technical assistance and capacity building. Education:  Enseignement Superieur Tunisia; ecole d’ingenieurs Gafsa, Kairouan and Béja, buildings and instrumentation  Education Maroc;  Jordan Higher Education Innovation Structures:  Technopôles Tunisia; Sidi Thabet, Sousse, Sfax, Monsatir and Bizerte  Technopôles Morocco; Rabat- Salé, Oujda, Kenitra, Berkane, Agadir, Nouaceur, Meknes Both loans combined with Technical Assistance for project implementation and capacity building. 17/07/2013 12
  13. 13. Supporting innovation in the MENA region Funds for innovative SMEs As at 31st December 2012 the total active FEMIP risk capital portfolio under management stood at EUR 469 million and consisted of 40 investment funds, 8 direct investments, 9 microfinance operations and 290 co-investments with local intermediaries. All operations are entirely dedicated to the private sector. Tunisia; Fond d’Amorçage Tunisien (Phenicia Seed Fund), Global Loan Innovative SMEs (with amongst others Amen Bank, Arab Tunisian, Tuniso-Kuwait, Union Bancaire Commerce Morocco: Massinissa Fund Jordan: Capital for Growth Fund (JEDCO-Abraaj Capital); Badia Impact fund for Technology Transfer Lebanon; Building Block Equity Fund (Bader); Lebanon Growth Capital Fund Palestine: Middle East Venture Capital Fund for export-oriented start-ups in the services, software and communication sectors 17/07/2013 13
  14. 14. The CMI Work programme «Innovation Capacities» 2013-2015 Centre for Mediterranean Integration in Marseille: exchange platform / benchmarking 1) Management of Innovation Funds in MENA 2) Development of IP systems and rights; (1) National level and (2) University and business level: The EIB and the WB through the CMI organized a workshop and commissioned a study to understand the context of Intellectual Property (IP) assets in the MENA region and to assess the potential of developing an IP system. 3) Beyond IP and incubation; how to overcome growing “pains” 4) Science and Innovation cities, (universities, research centres, innovative businesses) 5) Bridging the gap between Academic R&D, business and local innovation needs 17/07/2013 14
  15. 15. Areas under development  Partnership with European Space Agency: EIB together with the European Space Agency (ESA) and Luxembourg’s Research and Innovation Industry have launched the “Space for Med Initiative” to use space-based technologies for developing three key sectors: i) water management, ii) energy and renewable energies and iii) transport and logistics in the Mediterranean partner countries. Ultimately, new aspects of development in these sectors will be identified and will lead to the implementation of concrete infrastructure projects. One example is the development of broadband internet throughout the region.  Maturation Funds: EIB is also interested in investing in TT (Technology Transfer) vehicles and it is currently considering supporting maturation funds which will be used for investing the projects in a large geographical area (broader then MENA).  Programme to support diaspora start-up in the MENA: The EIB is working with its partners to assess the feasibility of a programme that helps highly qualified students in Europe set up innovative companies in their origin countries, thus creation of job opportunities and support entrepreneurship in the Mediterranean partner countries. 17/07/2013 15
  16. 16. Cultivating «RDI» and competitiveness • Reflection on «new» financial products along RDI cycle; Regional RDI fund ? • Products to strengthen research quality and quantity (fixed- and human capital) • Products that contribute to the valorisation of research:  Strengthen the Triple Helix (incl. PPP-schemes)  MENA Science Cities, Cités d’Innovation  Technology Transfer and IP policies.  Spin-offs / incubator/ proof of concept / accelerators  Twinning programmes with industrial partners (bridge towards industry)  Innovation to increase employment / (K&L) factor productivity in the region (RD in line with indigenous needs + absorption capacity of local industry) • Consider regional (intermediated) scheme to attain critical mass. • Technical Assistance to build indigenous capacities 17/07/2013 16
  17. 17. 17/07/2013 17 For more information http://www.bei.org/ info@eib.org Tel: (+352) 437922000

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