In the EU, small and medium-sized enterprises (SMEs) are the backbone of the economy. They make up over 99% of businesses and are crucial for employment, innovation, and economic growth. SMEs, including both startups and growing companies, often face challenges in accessing finance for essential activities like innovation, digitalisation, and expansion. That is where we come in.
Tailored Financial Advice and Support
The Network specializes in offering advice on various types of EU funding and other financing options best suited to your business needs. Our guidance encompasses:
- EU Funding and Financial Instruments: We provide detailed information about EU funding opportunities, helping businesses navigate and access these resources. This includes cooperation with:
- Horizon Europe, in partnership with National Contact Points (NCPs).
- European Regional Development Fund (ERDF) programmes, in cooperation with Managing Authorities and Intermediate Bodies.
- Public financial instruments through local, regional, or national authorities and financial intermediaries like banks and venture capital organisations.
- Customised Financial Advice: We advise businesses on relevant sources of finance, such as loans, guarantees, and equity.
- Preparation for Funding: We prepare companies, startups, and entrepreneurs for seeking funding from investors and financial intermediaries.
- Networking Opportunities: Connecting companies with European, national, and regional networks, including business angel networks and startup communities, to expand their financial options.
Key EU Initiatives for SME Support
We can direct you to several main EU initiatives designed to bolster SME growth and innovation:
InvestEU: A program focused on stimulating investment in the EU.
Horizon Europe: The EU's key funding program for research and innovation.
European Innovation Council (EIC): Supporting innovative startups and scale-ups.
SME Strategy: A comprehensive approach to support SMEs in the EU.
Through our network, SMEs gain essential insights and connections, paving the way for successful access to finance and overall growth.
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