1. SWEDISH AGENCY FOR ECONOMIC AND REGIONAL GROWTH Swedish Agency for Economic and Regional Growth (Tillväxtverket) 1 Sweden – U S Entrepreneurial Forum 2009 September 16, 2009 The role of government in creating an entrepreneurial society Lena Rooth, Head of Unit, Business Support, Tillväxtverket

2. SWEDISH AGENCY FOR ECONOMIC AND REGIONAL GROWTH Tillväxtverket … New agency New Opportunities include the areas of responsibility previously belonging Nutek and the Swedish National Rural Development Agency as well as the Swedish Consumer Agency’s tasks concerning commercial and public service More and expanding enterprises Sustainable and competitive business community Development and potential for growth 2 … throughout Sweden

3. SWEDISH AGENCY FOR ECONOMIC AND REGIONAL GROWTH Our offices 11 offices in 9 locations Head office in Stockholm Director General Christina Lugnet For growth throughout Sweden 3

4. SWEDISH AGENCY FOR ECONOMIC AND REGIONAL GROWTH Our assignment Promoting business development and entrepreneurship Making things easier for enterprises Co-ordinating development work Promoting commercial and public service Managing the structural fund 4

5. SWEDISH AGENCY FOR ECONOMIC AND REGIONAL GROWTH Promoting business development Strengthen growth Facilitate and encourage business development and entrepreneurship Provide guidance to information for development and company start-ups 5 Programme for foreign-born entrepreneurs Promoting women entrepreneurship Environment-driven business development Entrepreneur’s Guide Business support Enterprise Europe Network Product development – small companies EXAMPLES:

6. SWEDISH AGENCY FOR ECONOMIC AND REGIONAL GROWTH Making things easier for enterprises Measure and analyse the effects of rules Collect ideas and proposals for new simplifications Make things easier for everyone looking for information about starting and running a business 6 Better regulations for enterprises Service for enterprise start-ups Entrepreneur’s Guide Business Link - Verksamt.se The Start-Up Line EXEMPLES:

7. SWEDISH AGENCY FOR ECONOMIC AND REGIONAL GROWTH Financing of business development and growth Responsible for the regional support mechanisms Be complementary to the private market Promotion activities within the different programmes

8. SWEDISH AGENCY FOR ECONOMIC AND REGIONAL GROWTH Capital Market Comparing private and public markets – some examples Commercial bank loans 2006SEK 829 billion The netlending increased with SEK 86 billion between 2005 and 2006 ALMI – total loans 2007SEK 3,2 billion ALMI - new loans 2007SEK 1,4 billion Venture Capital Comp. 2007:SEK 48, 8 billion Growth phases SEK 5,6 billion of which seed money approx SEK 200 million Business Angels (estimated)SEK 2-3 billion/year

9. SWEDISH AGENCY FOR ECONOMIC AND REGIONAL GROWTH Government spending on financing? Public financing to SME:s 2007: approx SEK 3 billion (exkl. venture capital) from Nutek – approx SEK 250 million Definition Public financing means loans, conditional loans, guarantees, venture capital or grants directly to individuals or companies in order to facilitate start-up of companies or development of existing companies

10. SWEDISH AGENCY FOR ECONOMIC AND REGIONAL GROWTH Venture Capital investment by the Regional Structural Fund Programmes Programmes EU+Public+ Private % of Programme Ö vre Norrland380 000 0005% Mellersta Norrland400 000 0009% Norra Mellansverige289 000 0004% Ö stra Mellansverige335 000 00012% Stockholm277 915 52021% V ä stsverige256 571 0007% Sm å land och Ö arna222 000 0008% Sk å ne-Blekinge339 000 00014% Totalt2 499 486 520

11. SWEDISH AGENCY FOR ECONOMIC AND REGIONAL GROWTH Venture Capital SEK 2,5 billion

12. SWEDISH AGENCY FOR ECONOMIC AND REGIONAL GROWTH 12 Financial Support Regional Business Support - Regional Investment Grants - Regional Employment Grants - Support for Business Development – County Administrative Boards to companies within the regional support areas - Budget for 2009 140 Mkr - Total investments 2008 SEK 1,5 billion System Management - ”Handbook for Regional Business Support” - Policy Development - Training - Statistics and Reporting - Development of further Support Systems

13. SWEDISH AGENCY FOR ECONOMIC AND REGIONAL GROWTH Regional Investment Grants 13

14. SWEDISH AGENCY FOR ECONOMIC AND REGIONAL GROWTH Regional Employment Grants 14

15. SWEDISH AGENCY FOR ECONOMIC AND REGIONAL GROWTH 15

16. SWEDISH AGENCY FOR ECONOMIC AND REGIONAL GROWTH Co-ordinating development work 16 Assist with knowledge and expertise Spread experience and learnings Support and co-ordinate development work throughout Sweden Regional cluster programme Urban area development programme Programme for local and regional growth EXAMPLES:

17. SWEDISH AGENCY FOR ECONOMIC AND REGIONAL GROWTH Regional differences in innovation and entrepreneurship Source: Anderstig, Kempinsky och Wigren (2007).

18. SWEDISH AGENCY FOR ECONOMIC AND REGIONAL GROWTH Promote commercial and public service 18 Support and co-ordinate co-operation between different players in order to achieve a good level of service throughout Sweden Programme for developing commercial and public service Support for commercial service EXAMPLES:

19. SWEDISH AGENCY FOR ECONOMIC AND REGIONAL GROWTH Manage structural funds 19 To be the managing authority for the regional structural fund programmes The eight regional structural fund programmes The territorial co-operation programme Öresund - Kattegatt - Skagerrak EXAMPLES:

20. SWEDISH AGENCY FOR ECONOMIC AND REGIONAL GROWTH International affairs Strengthen the international dimension in all programmes and activities Support to SME in internationalisation processes Crossregional och transnational programs, to support regional authorities activities in international programs and projects

21. SWEDISH AGENCY FOR ECONOMIC AND REGIONAL GROWTH Competitiveness and Innovation Framework Programme (CIP) EU-Program - (2007-2013)

22. SWEDISH AGENCY FOR ECONOMIC AND REGIONAL GROWTH Enterprise Europe Network -sevices Information and excpertise on EU-rules, internationalisation, EU-financing Active international business contacts - in all EU regions Service for cooperation in research and technology

23. SWEDISH AGENCY FOR ECONOMIC AND REGIONAL GROWTH Tillväxtverket More and expanding enterprises Sustainable and competitive business community Development and potential for growth 23 Thank you! www.tillvaxtverket.se www.tillvaxtverket.se Tel. +46 8 681 91 00