100 likes | 212 Views
Access to Capital for the Content Industry Mr Dick Kwist INBIS Ltd Luxembourg Frankfurt Book Fair 18 October 2000. Access to Capital for the Content Industry. Study Context Funded by the European Commission DGXIII (INFSO) Policy making workshops with industry Dynamic changes in market.
E N D
Access to Capital for the Content IndustryMr Dick KwistINBIS Ltd LuxembourgFrankfurt Book Fair 18 October 2000
Access to Capital for the Content Industry • Study Context • Funded by the European Commission DGXIII (INFSO) • Policy making workshops with industry • Dynamic changes in market
Access to Capital for the Content IndustryResults • European VC: risk averse, more traditional and high tech oriented • Content: not the most prominent IT-sector for investors • Content firms: missing networks to improve investor contacts • Differences in business culture (VC/DC) • Strong regional differences in access to capital • Legislative differences within the European Union • Cultural differences within the European Union • Dominance of big players
Access to Capital for the Content IndustryConclusions Digital Content Specific • No proven business models • Content is a soft good • Lack of entrepreneurship culture • Gap between supply of VS & demand for DV varies by country • Most relevant (different languages, consumer behaviour,..) • Difficulties in transforming into e-businesses
Access to Capital for the Content IndustryConclusions Generic Issues • Missing focus on seed capital • VC don’t appreciate distinct nature of DC-businesses • Networking: essential for each business • Local and regional orientation of VC and BA • Team focus of investors • Potential of European BA is underused • Fragmented European market
Access to Capital for the Content IndustrySupply Of Start-up Capital in Europe by Country
Access to Capital for the Content IndustryRecommendations Digital Content Specific • Improvement of quality of business models • Business networks for Digital Content • Benchmarking of good practice in member states • Support on IPR issues • Incubators and stimulating content industry spin-offs
Access to Capital for the Content IndustryRecommendations Generic Issues • Improvement of ability of VC to form funding consortia • Making Digital Content sector prominent • Business networks for VC and BA • Training programe to improve entrepreneurial skills • ED co-financing and guarantees • Harmonisation is needed
Access to Capital for the Content IndustryWhere to from here ? • Fifth Framework Programme for Research & Development • Linking Innovation Finance and Technology, LIFT • The Euro4You Project • The markets continue to be dynamic • Industry re-organisation is in process • Commission Programmes should be targeted to • creating new market segments • stimulating market activity