Venture Capital in European Atlantic Regions

Programme 2007 - 2013 Atlantic Area

Date of latest update: 2021-04-06

Description

Description (EN):

The needs of companies regarding Venture Capital (VC) and Business Angels (BA) markets have increased dramatically in recent years. Regional instruments of venture capital can hardly meet the financial needs of companies. Due to the limitations of financing instruments available, regional VC and BA also need to improve their management tools (financial and industrial) to allow the growth of the companies involved. Advanced training in VC and financial tools are ofter only available in financial centres, whereby not all countries have those services. In this context, the project aims to improve VC and BA markets in regions outside the main financial centres and their use and contribution to R&D activities. For this purpose, the project promotes analysis and the exchange of experiences in order to improve public and private VC and BA instruments, with the intensive participation of regional authorities dealing with regional economic development and SME competitiveness, regional development agencies and a closer connection with leading private VC and BA operators, particularly those focused on emerging sectors and technologies. To deal with the key weaknesses identified during the regional VC markets assessment, the project aims to contribute towards the following results: improve the operations and impact of regionally-based VC and BA instruments, both publicly and privately owned, to promote RTD and the creation and development of innovative, technology based and fast growing companies; improve the understanding and access of regionally based SMEs to VC and BA instruments to finance the development of new technologies and RTD activities; link privately run VC and BA with the growth potential of regionally based SMEs and attract new operators to regional VC markets, increasing the availability of VC and BA instruments in the regions, as an alternative SME financing source.

Achievements (EN):

The improvement of existing instruments through the project leads to the expansion of companies supported by this kind of funds and the consequent gradual creation of employment. Among those contibutions, there is the study 'Research, Analysis and Exchange of Experiences’ and the capacity building programme addressed to VC and BA practitioners combining different profiles. Investment Rounds and Venture Academies are tested instruments to increase knowledge, build professional capacity and networking between business/entrepreneurs and operators in Europe. AT-Venture International Investment Forum is a high level meeting point for investors and companies from AA partner regions and other leading European cross-border investors.

Website: http://www.coop-atlantico.com/

Thematic information

Regional planning and development Clustering and economic cooperation SME and entrepreneurship

Partners (7)

Lead Partner: CENTRO EUROPEO DE EMPRESAS E INNOVACIÓN DEL PRINCIPADO DE ASTURIAS

Address: Parque Tecnológico de Asturias, 33428 Llanera, Spain

Legal status: n/a

South West Regional Authority

Name: South West Regional Authority

Address: South West Regional Authority, Innishmore, Ballincollig, - Co. Cork, Ireland

Legal status: n/a

INSTITUTO GALLEGO DE PROMOCIÓN ECONÓMICA -IGAPE-

Name: INSTITUTO GALLEGO DE PROMOCIÓN ECONÓMICA -IGAPE-

Address: Complexo Administrativo San Lazaro, 15703 Santiago de Compostela, Spain

Legal status: n/a

Agência de Desenvolvimento Regional do Alentejo, S.A. - ADRAL

Name: Agência de Desenvolvimento Regional do Alentejo, S.A. - ADRAL

Address: Rua Intermédia do PITE, lote 4 e 6, 7000-171 Évora, Portugal

Legal status: public

ADE Financiación

Name: ADE Financiación

Address: c/ San Lorenzo, 24, 47001 Valladolid, Spain

Legal status: n/a

SOCIEDAD PARA EL DESARROLLO REGIONAL DE CANTABRIA

Name: SOCIEDAD PARA EL DESARROLLO REGIONAL DE CANTABRIA

Address: c/ Hernan Cortes nº39, 39003 Santander, Spain

Legal status: n/a

Shetland Islands Council

Name: Shetland Islands Council

Address: 6 North Ness Business Park Lerwick, Shetland,Scotland, ZE1 0LZ Shetland, United Kingdom

Legal status: n/a

Partners map

Partners and Projects info

South West Regional Authority

Venture Capital in European Atlantic Regions

Partners and Projects info

CENTRO EUROPEO DE EMPRESAS E INNOVACIÓN DEL PRINCIPADO DE ASTURIAS

Venture Capital in European Atlantic Regions

Partners and Projects info

INSTITUTO GALLEGO DE PROMOCIÓN ECONÓMICA -IGAPE-

Venture Capital in European Atlantic Regions

Partners and Projects info

Agência de Desenvolvimento Regional do Alentejo, S.A. - ADRAL

Venture Capital in European Atlantic Regions

Partners and Projects info

ADE Financiación

Venture Capital in European Atlantic Regions

Partners and Projects info

SOCIEDAD PARA EL DESARROLLO REGIONAL DE CANTABRIA

Venture Capital in European Atlantic Regions

Partners and Projects info

Shetland Islands Council

Venture Capital in European Atlantic Regions

Lead partner

Project partner

Summary

Project name (EN): Venture Capital in European Atlantic Regions

Project acronym: ATVENTURE

Project start date: 2009-04-01

Project end date: 2011-09-30

Project status: closed

Total budget/expenditure: EUR 1 361 824.00

Total EU funding (amount): EUR 885 185.00

Information regarding the data in keep.eu on the programme financing this project

Financing programme

2007 - 2013 Atlantic Area

Last month that data in keep.eu was retrieved from the Programme's website or received from the Programme

2015-12-01

No. of projects in keep.eu / Total no. of projects (% of projects in keep.eu)

70 / 70 (100%)

No. of project partnerships in keep.eu / Total no. of project partnerships (% of project partnerships in keep.eu)

655 / 655 (100%)

Notes on the data

Information provided by the Programme

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Contact Form

Venture Capital in European Atlantic Regions

Description

Thematic information

Partners (7)

Partners map

Summary

Information regarding the data in keep.eu on the programme financing this project

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