The INSME Association
The INSME Secretariat invites you to join
“Fools make researches and wise men exploit them” (H. G. Wells)
Discussing the success factors on how innovation systems
can better address the Participation to the European Research Area
22nd of October 2015 at 1 p.m. CEST
The webinar is a special session of the INSMEAcademy organized in the frame of MIRRIS (Mobilizing Institutional Reforms in Research and Innovation Systems), a EU funded project coordinated by META Group.
INSME is glad to announce its first Sustaining Member
On the 8th of September a Memorandum of Understanding has been signed by Mr. Gregory Bird, GCEL’s Deputy Secretary General and Mr. Andrea Di Anselmo, INSME President to establish and give strength to a fruitful collaboration of mutual benefit among the two organizations.
Find out more about GCEL here
INSME can now count on the support of 84 Members from 36 different countries.
News from INSME
You are invited to share, develop and discuss ideas, projects, hints and your visions on innovation for the benefit of Small and Medium Enterprises!
- Bytes of China: Insights into the ICT Market
- High School students learn to co-create solutions to Worcester, Massachusetts (USA) transportation problems
- Innovation Management for Sustainable Growth: the case of Koza Yönetim, the IMP3rove award winner of 2014
- Protecting your business in Singapore
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INSMEnews is the main communication tool for INSME members and partners providing a panorama of current activities, trends and priorities of INSME and issues related to innovation and technology transfer on an international scale.
The non-INSME-members subscribers will receive the newsletter two weeks after its official launch date.
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EUROMED Invest Annual Conference and Academy in EXPO 2015
7 - 9 October 2015
Organized by ANIMA Investment Network and EMDC in the framework of the EUROMED Invest project
14-16 October 2015
Organized by Hainaut Developpement, the Chamber of Commerce and the Exporters' Club of Belgian Province of Luxembourg, SPI, BEP and in partnership with AWEX
27 - 29 October 2015
Organized by the European Alliance for Innovation - EAI
- Picks in the News
Mr. Andrea Di Anselmo, Director at META Group (INSME President from Slovenia) recently published a post on “Ecosystems and Financial Tools: How to Make the Most of Them?” highlighting the importance of a public-private intervention in the different stages of the innovation process.
It is essential to identify the role of the different actors within the eco-system and the approach they adopt to handle innovative projects. It is also crucial to consider new collaborative business models and the entrance of new financial operators in the market (for example crowdfunding platforms), in addition to the engagement of private investors as business angels and seed funds.
Furthermore Mr. Di Anselmo underlines how local and national governments often complement financial instruments with other forms of supports as grants, interest rate subsidies and guarantee fee subsidies.
Finally critical aspects for risk capital are identified. These are:
- Cultural aspects;
- Awareness level of beneficiaries;
- Expectations of policymakers and stakeholders;
- Implementation models, management set-up and monitoring.
The European Alliance for Innovation –EAI (INSME Member from Belgium) organizes the Summit IoT 360° - the Gateway to Innovation taking place from the 27th to the 29th of October in Rome, Italy.
Under the patronage of the European Commission Representation in Italy and in partnership with INSME and other 7 institutions the Summit will bring together industry representatives, makers, vendors, experts, developers and others to plan, learn, network, collaborate, strategize and more effectively tap into the immense potential of the IoT domain.
The event will be the occasion to get a complete perspective on IoT-related projects and activities and explore the whole path between research to innovation and all the way through to commercialization of ideas, projects and technologies.
IoT 360° will include a wide range of activities such as tutorials, presentations, panels and exhibitions covering new methods to accelerate in the market, monetize technologies & IPR and raise funds in Europe.
EIF Working Paper n. 29: The Economic Impact of EU Guarantees on Credit to SMEs – Evidence from CESEE Countries
The European Investment Fund (INSME Member) has just released its 29 working paper on “The Economic Impact of EU Guarantees on Credit to SMEs – Evidence from CESEE Countries“ which is a joint paper with the European Commission, building on a joint project in the framework of the so-called Vienna initiative.
In particular EIF carried out an impact assessment of the EU SME Guarantee Facility (SMEG)'s loan window under the Multi-Annual Programme for Enterprise and Entrepreneurship, and in particular for Small and Medium-sized Enterprises (MAP), focusing on Central, Eastern and Southeastern Europe countries' beneficiaries. The loan window of the MAP guarantee facility for SMEs provided guarantees on loans to borrowers by covering a share of the default risk of the loan. Financial intermediaries participating in the SMEG MAP were public and mutual guarantee institutions, as well as microfinance institutions and commercial or publicly-owned or controlled banks.
The paper shows that the EU SME Guarantee Facility in the CESEE region had a positive impact on firms’ employment: indeed beneficiary firms increased their workforce by 17.3% compared to control groups, within the first 5 years from the issuance of the loan. By the 5th year from the signature date, MAP beneficiaries also increased their turnover by 19.6% compared to non-beneficiaries firms. However, MAP beneficiaries tackled a temporary slowing down in productivity, probably mainly due to allocative inefficiencies following the MAP-induced increase in their production factors.