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YMIR is a Support Action funded by the European Union under the 7th Framework Programme www.ymirproject.eu www.ict-finance-marketplace.com YMIR IMPROVE.

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Presentation on theme: "YMIR is a Support Action funded by the European Union under the 7th Framework Programme www.ymirproject.eu www.ict-finance-marketplace.com YMIR IMPROVE."— Presentation transcript:

1 YMIR is a Support Action funded by the European Union under the 7th Framework Programme YMIR IMPROVE ACCESS TO FINANCE FOR INNOVATIVE SMEs Project No YMIR Project :Year 1 Remedial Actions Year 2 Achievements Presenter:John Molony Organisation:TESEO YMIR Project Review Meeting:Brussels, 13 March 2012

2 Year 1 Remedial Actions YMIR Project Final Review MeetingBrussels, 13 March, 2012 Recommendations Implemented I Focus on Investment Forum pitching events Cooperate with other AVY consortium projects Sufficient resources to finish the project have been made available Extra emphasis was made on contacting ICT FP SMEs via additional dissemination channels

3 Year 1 Remedial Actions YMIR Project Final Review MeetingBrussels, 13 March, 2012 Recommendations Implemented II Event planning, preparation and publicity all done well in advance Greater use was made of social media Policy Recommendations Workshop organised for Lisbon is in addition to event activity Timing of deliverable submission has been greatly improved

4 Year 1 Remedial Actions YMIR Project Final Review MeetingBrussels, 13 March, 2012 Revision of Five Rejected Deliverables D2.1 AVY Coordination Roadmap (Revised) D2.3 Methodology for the Identification and Selection of Investors (Revised) D3.4 Publication of “Access to Finance Manual for SMEs” (DRAFT) (Revised) D3.6 1st Study on Research SMEs access to finance: background analysis (Submitted) D6.1 Communication and Dissemination Plan (Revised)

5 Project Achievements YMIR Project Final Review MeetingBrussels, 13 March, 2012 Activities I Prepared/attended Mid-term/Final Review meetings Revised/resubmitted deliverables D2.1, D2.3, D3.4, D6.1 Cooperated & coordinated activity with AVY projects  Participated in two ACCESS ICT / two ICT VentureGate events. Completed/submitted draft deliverable D2.4 “Report on AVY Cluster Cooperation”

6 Project Achievements YMIR Project Final Review MeetingBrussels, 13 March, 2012 Activities II Organised 3 Venture Academy coaching and training events Organised 3 preparatory webinars Organised 3 Investment Forum brokerage events Submitted D4.3 and D5.1 deliverables on participation at the above events (D5.2 will follow after Lisbon) Submitted deliverable D3.5 “Access to Finance Manual (Final)”

7 Project Achievements YMIR Project Final Review MeetingBrussels, 13 March, 2012 Activities III Submitted deliverable D3.6 “1 st Study on Research SMEs Access to Finance: Background Analysis” Submitted deliverable D3.7 “2 nd Study on Research SMEs Access to Finance: Recommendations for SMEs and other Stakeholders” Organised a ”Policy Recommendations Workshop” during the YMIR activities at the Lisbon event Deliverable D3.8 “Policy Recommendations Report” to be submitted after Lisbon

8 Project Achievements YMIR Project Final Review MeetingBrussels, 13 March, 2012 Activities IV Completed/distributed 6 ICT Finance MarketPlace newsletters (incl. 3 Special Editions) Submitted deliverable D6.5 “AVY Newsletter Pack 2” Submitted deliverable D6.6 “Report on YMIR Dissemination Activities” Submitted draft deliverable D1.2 “Final Periodic Report M13-M27” Submitted draft deliverable D1.3 “Impact Assessment Report”

9 Project Achievements YMIR Project Final Review MeetingBrussels, 13 March, 2012 Results I YMIR specific objectives – criteriaTargetResult 1. Analysis of past/ongoing FP6/FP7 ICT projects & selection of SMEs 250 SMEs 210 SMEs 2.Establish a business community of innovative SMEs with high growth potential 100 SMEs 127 ICT FM SMEs 105 LinkedIn 3.Identify European VC firms, business angels and other private equity willing to invest None 132 investors 4.Provide consultancy and assistance on finance issues to ICT SMEs None 55 SMEs 5.Organise and run four Venture Academies / Collect innovative ideas 4 events 60 ideas 4 events 55 ideas

10 Project Achievements YMIR Project Final Review MeetingBrussels, 13 March, 2012 Results II YMIR specific objectives - criteriaTargetResult 6.Provide online assistance and communication services for the creation of business plans to SMEs to present to investors 20 bus. plans 48 bus plans 7.Organise and run four Investment Forums4 events 8.Present 10 innovative projects and their business plans to investors during events 40 innovative projects 73 innovative Projects 9.Set up and deploy a dedicated and efficient communication and dissemination strategy Not applicable See 1-8 above


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