SMEs have different financing risk profiles according to their growth stage. Find out from the current infografic what source of finance suits you best!

1. THE STATE OF
SMEs Access to
FinanceEuropean Report
June 2014 - June 2016
By Dr. Diana Valentina Dumitrescu
& Dr. Daniel Ioan Dumitrescu

2. SME DEVELOPMENT
STAGES
SMEs have different nancing risk pro les according to their growth stage.
Find out from the current infogra c what source of nance suits you best!
SMEDEVELOPMENTSTAGES: PRE-SEEDPHASE seedPHASE START-UPPHASE EMERGINGGROWTH DEVELOPMENT
Debt Crowd-Funding Accelerators SME Instrument Phase 1 Business Angels Investments Seed Venture Capital InnovFin SMEG Loans Equity Crowd-Funding
Start-up Venture Capital SME Instrument Phase 2 Later-Stage Venture Capital Growth Private Equity
9014 Eur 14581 Eur 50000 Eur
183290 Eur264138 Eur
427356 Eur456273 Eur
1059311 Eur
1652906 Eur
2376672 Eur
5308835 Eur
0
1000000
2000000
3000000
4000000
5000000
6000000
Average Value of Financing

3. PRE-SEED PHASE

4. E-INVESTMENTCROWD-FUNDING
PLATFORM
DEBT CROWD-FUNDING
If you have a great idea and you are part of a quali ed team, it is likely to be founded from ground
zero.
520.300PROJECTS HAVE BEEN FUNDED
THROUGH CROWD-FUNDING PLATFORM
BETWEEN JUNE 2014 AND JUNE 2016
WITH A TOTAL VALUE OF 4.690.000.000
EURO.
9.014
euro
IDEEA
4.690.000.000
euro
total funding

5. Startup accelerators play a major role in today’s tech world and new
accelerator programs are launched almost everyday.
ACCELERATORS
CO-WORKING SPACE SEMINARS MENTORS
14.581
euro
“Accelerators are a proven way to quickly grow a startup by
learning from experts, nding great mentorship and
connecting to a powerful network. They provide resources
that reduce the cost of starting a company and the early
capital a team needs to get their venture off the ground or
to achieve key early milestones. They have become the new
business school.” In many ways, accelerators have become
a rite of passage for thousands of entrepreneurs around the
world. Natty Zola (TechStars, MD)
5148projects funded between
June 2014 and June 2016

6. Wouldn't be nice to can afford professonal advice from business consultants and other
specialists? SME Instrument is right here to do that!
SME INSTRUMENT PHASE 1
THE SME INSTRUMENT PHASE 1 offers
funding for: exploring and assessing
the technical feasibility and
commercial potential of a
breakthrough innovation that a
company wants to exploit and
commercialize.
INCORPORATION
TECHNICAL
FEASABILITY
BUSINESS PLAN
t
1506SMEs funded between June
2014 and June 2016
50.000
euro

7. Debt Crowd-Funding
Accelerators
SME Instrument Phase 1

8. SEED PHASE

9. MARKET GUIDANCE
Between June 2014 and June 2016, 66.137 SMEs received
investments from Business Angels. The total value of the
nancing reached a record value of 12.122.270.012Euro!
NETWORK
BUSINESS ANGELS INVESTMENTS
183.290
euro

10. SEED CAPITAL VENTURE CAPITAL EXPERTISE
SEED VENTURE CAPITAL
The total value of Seed
Venture Capital
investments between
June 2014 and June 2016
was of 240.101.651 Euro.
264.138
euro
909SMEs funded between
June 2014 and June 2016

11. Business Angels Investments (98.64%) Seed Venture Capital (1.36%)
12.1 bBetween June 2014 and June 2016,
European Business Angels nanced 66137
SMEs for a total value of 12.122.270.012 euros.

12. START-UP PHASE

13. LOWER INTEREST
RATE
NO COLATERALS INNOVATION
InnovFin SMEG Loans Portofolio
Looking for fundings to fuel your startups?
The InnovFin SME Guarantee Facility - managed
by EIF – will be deployed by eligible local banks,
leasing companies, guarantee institutions, etc.
which are selected after a due diligence process.
PRODUCTS: loans, leases and guarantees
between EUR 25 000 and EUR 7.5 million which
they provide under the InnovFin SME Guarantee
Facility. In this way, the EU and EIF allow the
provision of more debt nancing to innovative
SMEs.
427.356
euro
3056SMEs funded between June
2014 and June 2016

14. E-INVESTMENTCROWD-FUNDING
PLATFORM
EQUITY CROWD-FUNDING
1527
PROJECTS HAVE BEEN FUNDED
THROUGH CROWD-FUNDING
PLATFORM BETWEEN JUNE 2014
AND JUNE 2016 WITH A TOTAL
VALUE OF 696.730.000 EURO.
456.273
euro
DISRUPTIVE
INNOVATION

15. InnovFin SMEG Loans Portofolio (65.21%)
Equity Crowd-Funding (34.79%)
1.3 bBetween June 2014 and June
2016, 3056 loans have been
granted by Financial
Intermediaries to innovative
SMEs through InnovFin.

16. EMERGING GROWTH
STAGE

17. Startup Venture Capital play a major role in today’s innovation world and new disruptive projects are
nanced almost everyday.
START-UP VENTURE CAPITAL
GROWTH POTENTIAL TECHNOLOGYSTART-UP
1.059.311
euro
3904projects funded between
June 2014 and June 2016
4.135.550.556
euro
Total Funding

18. Funding is available for: innovation projects underpinned by a sound and strategic business
plan (potentially elaborated and partially funded through phase 1 of the SME Instrument).
SME INSTRUMENT PHASE 2
Activities funded in phase 2 can be of
several types: prototyping,
miniaturisation, scaling-up, design,
performance veri cation, testing,
demonstration, development of pilot
lines, validation for market replication,
including other activities aimed at
bringing innovation to investment
readiness and maturity for market
take-up.
PROTOTYPE INETRNATIONALISATION
t
429SMEs funded between June
2014 and June 2016
1.652.906
euro
RESEARCH

19. Start-up Venture Capital (85.36%)
SME Instrument Phase 2 (14.64%)

20. DEVELOPMENT
PHASE

21. DEVELOPMENT GLOBALISATIONSMART
MONEY
LATER-STAGE VENTURE CAPITAL
2.376.672
euro
1488 projects funded between
June 2014 and June 2016

22. INVESTMENTS GROWTH TEAM EXPANSION
GROWTH PRIVATE EQUITY
Between June 2014 and June 2016, 2358
SMEs developed through Growth Private
Equity funds. The total value of equities
reached a record of 12.518.234.691 euro!5.308.835
euro

23. Later-Stage Venture Capital (22.03%) Growth Private Equity (77.97%)
Between June
2014 and June
2016, 2358 SMEs
received over 12.5
billions Euro of
investments
through Growth
Private Equity.
12.5 b

24. COMMERCIALISATION
PHASE
This Report covers the European market for SMEs nancing in the period July 2014 - June 2016.
Datas are imported from EASME, EBA, EBAN, EIF, CrowdSurfer,com, InvestEurope.eu, Startup
Europe Accelerator Assembly and interpreted by ECSIF Ltd.