Getting Started: Innovation in the Mediterranean
When you think of the European Investment Bank and our finance for projects in the Mediterranean region, the word innovation might not be the first that springs to mind. In this video we explain what we mean by innovation and what it means for the Mediterranean region:Developing new opportunities in the southern Mediterranean: 15th FEMIP conference
At existing growth rates, the MENA region will see at least 60 million new entrants to the labour market by 2025. Creating employment opportunities, in particular for young people, is a key priority for the Mediterranean countries’ governments and for their international partners. Action to improve the entrepreneurship environment is particularly important, as private sector businesses play a vital role in job creation in both developed and developing countries.
Discussions during the #FEMIP15 conference focussed on innovation and entrepreneurship in the private sector. The conference provided a forum to explore financial instruments that support innovation and contribute to accelerating business growth, with a view to supporting a new generation of regional champions.
“Transforming Arab Economies” study lists key policy areas to create innovative ecosystems: http://bit.ly/1LwqznX #FEMIP15EIB Support for local entrepreneurs and innovation
The EIB has a long history in supporting small and large businesses and providing growth capital through equity for innovative businesses. All the work we do to support the economic and social development of the Mediterranean partner countries is brought together under FEMIP. For 2014-2020, we have a mandate from the European Union of close to EUR 10 billion for the Mediterranean partner countries, complemented with up to EUR 3 billion of other resources for the whole Neighbourhood region.
Check out what we do we do for the FEMIP region on our FEMIP webpage and see our 2014 FEMIP annual report.Opening of FEMIP15 conference: Vice President Román Escolano
EIB VP Escolano: today is about making connections, innovating and moving forward in the region @EIBtheEUbank #FEMIP15
Minister Schmit at the #femip15 conference - #innovation, entrepreneurship and jobs a necessity for inclusive and #sustainable growth- The challenge of youth unemployment is shared on both sides of the Med @nicolasschmit2 #innovation #jobs @EIBtheEUbank #FEMIP15
#FEMIP15 Conference: Financing pioneering investments in the Mediterranean region #entrepreneurship #innovation pic.twitter.com/xf9Z8JBJGSPanel 1: Lending tools for the private sector - Financing throughout the business life cycle.
Our first panel addressed the role of direct and intermediated lending products, including loans and guarantees, as well as associated technica ladvice currently available to support innovation in the region. Key themes included not only access to finance but also access to markets and trade, using a value-chain approach to ensure that innovation penetrates throughout business sectors.
Pannelists: Khater Abi Habib, Habib Ben Saad, Adel Danish, Enrique Isidro & Heinz Olbers reas- #innovation in SME financing combined with coaching - partnership with @REntreprendre @EIBtheEUbank @AMENBANKTN #femip15 #entrepreneurship
Panel 2: Venture capital and private equity - Growth capital for innovative businesses.
Our second panel discussed the range of equity products provided in the region and sought to analyse key successes in this sector as well as identify needed improvements, with insights provided from all levels of the ecosystem In combination with our first session, this panel helped to identify gaps for future development.
Pannelists: MohammesAl-Shaker, Hatim Ben Ahmed, Lina ElZein & Jesper Persson- .@EIBtheEUbank J. Persson: EIB gets involved very early and aims to promote #privateequity market at large #FEMIP15
- #venturecapital #privateequity - more than just finance, also adding value through knowledge and skills transfer #femip15 #entrepreneurship
The political and geopolitical situation in the Middle East hinders the long term investment. #femip15 @EIBtheEUbank
Arriving for lunch after productive morning sessions #FEMIP15 @EIBtheEUbank pic.twitter.com/m1swQ4ZF7IPanel 3: Pioneering instruments - Stimulating investment in new market segments.
- Our third, and last, panel considered some of the newer instruments and operations being developed in the region with a view to extending finance to a broader range of clients. These included projects supporting seed-accelerators, promoting knowledge transfer, among others.
Pannelists: Emile Cubeisy, Ahmed El Alfi, Dan Isaac, Rasha Manna & Paola Ravacchioli
15th FEMIP Conference
The EIB hosted the 15th annual FEMIP conference in partnership with the Luxembourgish Presidency of the Council of the EU, and the Union for the Mediterranean. Discussion at the event focussed on the tools needed to finance pioneering investments in the Mediterranean region. http://bit.ly/1jNpjUH
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