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Support for entrepreneurship and innovation - Polish experience

Dariusz Szewczyk Deputy to Chief Executive Officer of PARP. Support for entrepreneurship and innovation - Polish experience. Astana, 23 May 2013. Polish Agency for Enterprise Development (PARP).

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Support for entrepreneurship and innovation - Polish experience

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  1. Dariusz Szewczyk Deputy to Chief ExecutiveOfficer of PARP Support for entrepreneurship and innovation - Polish experience Astana, 23 May 2013

  2. Polish Agency for Enterprise Development (PARP) Established by the Act of 9 November 2000, a governmental agencysubordinate to the Minister of Economy. PARP in the financial perspective 2007-2013 is involved in implementation of 7.2 bn EUR (8.4% of total NSRF budget) within three OPs:OP Innovative Economy (EUR 3.9 bn), OP Human Capital (EUR 672 m) and OP Eastern Poland Development (EUR 2.6 bn).

  3. Implementation of Operational Programmes(for 30.04.2013)

  4. PARP achievements – 12 years of activity • Over 31,3 thousand contractsamounting to almost 8,1 bilion EUR, • Over 873 thousand employees from over 278 thousand companies took part in training sessions and postgraduate studiesco-financed by PARP, • Over 1,14 million people benefited from the National SME Services Network, • Over PLN 828 million capitalizationof regional and local loan and guarantee funds, • 200 infrastructuralprojectsimplemented in the less developed regions in the framework of Regional Development Programmes, • Over 8 million people visited Poland Pavilion during Expo 2010 in Shanghai, • Presidency of the Council of the European Union (7 conferences, 4 500 participants, 600 EEN officesrepresentedduring the Annual Conference, 250 ambassadorsfrom Europe supportingwomenentrepreneurship).

  5. National SME Services Network (KSU) Information services Financial services – guarantee funds New systemic services Pro-innovative advisory Financial services – loan funds

  6. Organisational structure of the SME support system in Poland NATIONAL LEVEL POLISH AGENCY FOR ENTERPRISE DEVELOPMENT governmental agency, responsible for implementing of economic development programmes REGIONAL LEVEL KSU 16 REGIONAL FINANCING INSTITUTIONS (RIF) one in eachvoivodship, cooperate with the PARP in the implementation of nationalprogrammes and regional in somecases LEVEL OF DIRECT SERVICE PROVIDERS KSU SERVICE PROVIDERS with significant experience in cooperation with SMEs provide advisory, training, information, financial and proinnovative services National SME Services Network (KSU) Commercial and non profit Institutionsentitled for services providing without PARP accreditation KSU business support organisations cooperating within the network of audited and accredited institutions Information services PK Proinnova-tive services KSI financial services - guarantees financial services - loans pilot services

  7. Loan and Guarantee Funds system

  8. Funds description Loan Funds GuaranteeFunds LF: separate fund for loans for SMEs and start-ups • GF: separate fund for loans for SMEs and start-ups LF and GF function in accordance with fixed standards and regulations on granting loans/ guarantees • GF capital: • self-governments’ subsidies, • financial aid • own resources from • the LF institution and/or • income from the lending activity. • LF capital: • self-governments’ subsidies, • financial aid • own resources from the LF institution and/or income from the lending activity. At present, there are ca. 71 LF, 53 of which are under KSU, and 44 concluded agreements with PARP. At present, there are ca. 51 GF, 46of which concluded agreements with PARP.

  9. LoanFunds Guarantee Funds For SMEs applying for a loan or tendering for a contract but not having enough security for the liability. For SMEs and persons starting business activity. LF may also grant loans from their own resources to other organisations. However, these are always special-purposeloans. • Allocation – company development: • investments, • current, • investments and current • Payment period: 36 to 60 months • Interest rate: ca. 5.5% to 9.5% a year, • Possible fee amounting to 1-3 % of the amount of the loan • Required own contribution of the consumer amounting to ca. 20% of the investment value; • Security: blank promissory note and, if necessary, additional securities; • This term guarantee is granted for the period corresponding to the loan period, until the liability payment; • Payments and fees amounting up to 3.5% of the guaranteed liability are taken; • Individual guarantee amounts up to 80% of the amount of the loan; • Security: blank promissory note and, if necessary, additional securities; • Granted after the risk analysis concerning the non-repayment of the liability;

  10. Funds’ support and development of services concerning granting loans and guarantees under the National Services Network (KSU) • Activities: • Providing quality of services (working standards; standards of services – support and advisory, audits, monitoring) • Moreover, for GF: ordering service of assigning/ analysing rating, • Building consultants’ competencies (analysis of competencies, development plans, trainings, advisory) • Cooperation within SI KSU (news, knowledge base, forum, reporting) • Promotion • Analyses and experts’ opinions

  11. „Loan Fund – Support for Innovation” • In 2013 the Agency plans to launch a new loan fund. Its purpose is to encourage private investors to invest in innovative start-ups. Loans will be granted to companies that already have a private investor. Borrower can receive low-interest loan (6,5%), which is twice the value of the contribution of the investor. • Loan value ranges from EUR 50 000 to EUR 500 000. Budget of EUR 25 000 000 would mobilize private capital in the amount of at least EUR 12,5 000 000.

  12. Measure 3.1 „Initiating innovative activities”

  13. Measure 3.1 „Initiating innovative activities” • Measure 3.1 „Initiating innovative activities” within Innovative EconomyOperational Programme has been implemented since 2008 by the PolishAgency for Enterprise Development. The basis of project realisation is theRegulation of the Minister of Regional Development of 7 April 2008concerning granting by PARP of financial aid within Innovative EconomyOperational Programme, • The allocation for the measure amounts to 158 000 000 EUR, • The objective of the Measure 3.1 is to increase the number of enterprises acting based on innovative solutions. The Measure covers support within creation, based on innovative ideas, of new enterprises through consulting on establishment of enterprises, granting access to infrastructure and services necessary for newly created enterprises and financial support for newly created enterprises,

  14. Indexes monitored by PARP at the level of measure 3.1 • 1. Number of projects supported from the funds of the measure - 46 • 2. Number of enterprises established in result of support granted for innovation implementation - 600 • 3. Number of incubated ideas - 1100 • 4. Number of functioning new enterprises - 450

  15. Measure 3.12013 recruitment (in progress) • 1. The allocation for the recruitment amounts to 25 000 000 EUR, • 2. Number of projects supported from the funds of the measure increased by 10, • 3. Number of enterprises established in result of support granted increased by200.

  16. Dariusz Szewczyk Deputy to Chief Executive Officer of PARP Thank you

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