What a difference an investment platform makes – What to expect of the EIPP session during the SME Assembly 2017
Nowadays, apps and digital platforms are everywhere and have become a part of everyone’s lives: from ordering one’s takeaway dinner, to monitoring one’s fitness progress and well-being, to make romantic relationships and the entire process of going out and meeting new people much easier. Digital tools are also increasingly being used for business and work situations, and that is no exception when talking about SMEs and venture capital investments. Enter EIPP.
Sometimes referred to as “the Tinder for investments”, as European Commission Vice-President Jyrki Katainen once put it, the European Investment Project Portal (EIPP) is an online matchmaking platform hosted by the European Commission (EC) – namely, DG ECFIN. As part of the Investment Plan for Europe initiative – which seeks to mobilise investment, promote economic growth and create jobs across the EU – EIPP is a database of viable projects with investment opportunities across the EU in virtually all industry areas. As with most platforms under EC tutelage, EIPP has a free-of-charge registration and bridges the gap between users: entrepreneurs can find potential investment partners with just a few “clicks”.
In 2017, EIPP will be one of the key initiatives during the SME Assembly in Tallinn (22-24 November 2017) and of Invest Week, a series of stimulating events that will examine the impact of investment on sustainable growth.
More specifically, a policy and matchmaking session dedicated to EIPP and its added-value in fostering venture capital investments for small and medium companies will take place on 24 November at the Kultuurikatel. After a panel discussion with experts on how to make a perfect venture capital pitch, participating SMEs will have the opportunity to put their pitching skills to the test by presenting their business ideas to a selected group of high-level investors in a small matchmaking session.
Each investor will be able to meet up to eight projects: three “preferred” ones – to be picked from a list of proposals – and five random others who will be given the benefit of their advice. In order to maximise the opportunities for the attending SMEs, each participant will have the opportunity to meet at least three investors.
Participation in this EIPP policy and matchmaking session has been restricted to SMEs with projects which, after a careful screening process, have proven to be interesting to potential investors for their potential to tackle global challenges. This selected list of participants includes EIPP-listed projects; SME Assembly attendees; finalists from the Start-up Nations summit and the Ideas from Europe competition; and finalists from other EC awards schemes such as the European Enterprise Promotion Awards (EEPA) and the European Business Awards for the Environment (EBAE).