Kadri Mats Coordinator of EU Funds 23 September 2015 Baltic Innovation Fund (BIF)

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Presentation transcript:

Kadri Mats Coordinator of EU Funds 23 September 2015 Baltic Innovation Fund (BIF)

KredEx is a state owned but self- sustainable financial institution Under the jurisdiction of the Ministry of Economic Affairs and Communications Legal base: Support of Enterprise and State Loan Guarantees Act (2003) Founded in 2001 Employees: 36 (+8)

Loan guarantees Up to 75% of bank loan or bank guarantee, up to EUR 2 Million Credit Insurance Short term and medium- long term Domestic and foreign buyers Export Loans For medium-long term export financing Mezzanine Loans Subordinated loan up to EUR 2 Million Credit Lines Favorable loans to commercial banks Private Equity and Venture Capital Baltic Innovation Fund Estonian Innovation Fund KredEx services to enterprises

Baltic Innovation Fund (BIF) BIF – €130m Approx. €400m invested in Baltics EE (KredEx) €26m EE (KredEx) €26m BPM Capital LV (Altum) €26m LV (Altum) €26m LT (Invega) €26m LT (Invega) €26m EIF €52m EIF €52m €15m ? ? Livonia Capital Karma Invest BaltCap €20m €25m 2x €…m Private investor x 2

Investments for local high growth, internationally competitive companies Development of local/locally focussed GPs - more teams with full (sufficient) track record Attracting private investors - LPs including pension funds Enhancing legal environment - fund law (funds, taxes), law enforcement Generating positive return to investors Main objectives of BIF infrastructure:

Contacts: KredEx Hobujaama Tallinn, Estonia Phone: