EIB Financing for Innovation

Size: px
Start display at page:

Download "EIB Financing for Innovation"

Transcription

1 EIB Financing fr Innvatin Eurpean Investment Bank Access t Finance fr the Space Sectr SPACE Week 2017 Rme, 21 Nvember 2017 Innvatin Finance Eurpean Advisry Investment Eurpean Bank Investment Bank 1 Eurpean Investment Bank 1

2 Agenda The Eurpean Investment Bank at a glance Overview f EIB financing instruments Key financing prgrammes targeting innvatin Examples f relevant financing instruments Nt nly finance: Innvatin Finance Advisry Innvatin Finance Eurpean Advisry Investment Eurpean Bank Investment Bank 2

3 Eurpean Investment Bank the EU Bank Natural financing partner fr the EU institutins since 1958 Arund 90% f lending is within the EU Sharehlders: 28 EU Member States Investing in Eurpe s grwth Innvatin Finance Eurpean Advisry Investment Eurpean Bank Investment Bank 3

4 EIB financing since its fundatin Innvatin Finance Eurpean Advisry Investment Eurpean Bank Investment Bank 4

5 Our Pririties (2016 financing vlumes) Envirnment Infrastructure Innvatin SMEs EUR EUR EUR EUR 16.9bn 19.7bn 13.5bn 33.6bn Innvatin Finance Eurpean Advisry Investment Eurpean Bank Investment Bank 5

6 EIB Prducts LENDING BLENDING ADVISING Lans But als: Guarantees (trade financing) Equity participatin Cmbining EIB finance with EU budget (Prject Bnd Initiative) Higher risk prjects fr innvatin (InnvFin) Prepare, evaluate and supprt the implementatin f prjects Supprt fr public/private partnerships Attracting FUNDING fr lng-term grwth Innvatin Finance Eurpean Advisry Investment Eurpean Bank Investment Bank 6

7 Tech Transfer / VC VC / SME Funds VC / SME Funds PE / MidCap Funds Funding size (EURm) Quasi-equity C-investments/Direct Equity Access t finance EIB Grup Prducts cvering the entire cycle f a cmpany s develpment Mandates/ SLA Glbal Lans Intermediaries (Banks) Investment Lans Intermediaries (Funds) Cntingent Lans < 25m Secnd Valley f Death < 10m First Valley f Death Innvatin finance gap < 7.5m < 1.0m Seed stage Grwth Finance Gap expansin capital EUR 7.5m-25m Pre- seed Startup Emerging SMEs and Small MidCaps <250 emplyees Small MidCaps and MidCaps Large MidCaps 500-3,000 Large Caps Stage f develpment Innvatin Finance Eurpean Advisry Investment Eurpean Bank Investment Bank 7

8 2 Majr Prgrammes t supprt Innvatin (1/2) Eurpean Fund fr Strategic Investments EU Guarantee EUR 16bn EIB EUR 5bn EFSI - Eurpean Fund fr Strategic Investments EUR 21bn Infrastructure and Innvatin Windw EUR 15.5bn Deplyed by EIB SME Windw EUR 5.5bn Deplyed by EIF Financing: EUR 61bn Final investments: EUR 315bn Innvatin Finance Eurpean Advisry Investment Eurpean Bank Investment Bank 8

9 2 Majr Prgrammes t supprt Innvatin (2/2) InnvFin Innvatin Finance Eurpean Advisry Investment Eurpean Bank Investment Bank 9

10 A wide range f instruments fr innvative cmpanies Equity and equity-like Debt Advisry EIB Grup majr FF investr in Eurpe Intermediated investments (via TT, VC and PE funds) acrss all sectrs and gegraphies Sn t be launched a dedicated envelpe fr Funds investments linked t space technlgies A new equity-like instrument fr yung, innvative cmpanies directly available at the EIB Senir and subrdinated debt available fr mre mature cmpanies (cashflw visibility) Available bth directly at the EIB and via EIB s partner intermediaries Flexible and generally mre favurable terms Supprt t innvative cmpanies imprve their investment readiness Explre financing ptins within and utside the EIB Grup Help develp a credit / equity narrative fr investrs Review business and financing strategy and identify and mitigate investment «shw stppers» Supprt the cmpany strengthen ther critical business areas (e.g. gvernance, etc) Innvatin Finance Eurpean Advisry Investment Eurpean Bank Investment Bank 10

11 Example: InnvFin Space Equity Pilt (ISEP) Measures are in place t supprt the space innvatin ecsystem with prizes, cmpetitins, business incubatrs, and acceleratrs ISEP is geared twards imprving access-t-finance by investing in venture capital and ther risk-capital funds fcussed n innvative SMEs and small midcaps related t space data and space technlgy The expected utcme is an increase in vlume f investment as well as the number f investments ISEP will be a space sectr fcused cmpartment under the Single EU Equity Financial Instrument, becming available in 2018 The indicative budget ttals t 50mi EUR ver Innvatin Finance Eurpean Advisry Investment Eurpean Bank Investment Bank 11

12 Example: Grwth Finance prduct (quasi-equity) Venture Debt EIB Grwth Finance Bank term lan Typical term 3 years 5 years 5 years Repayment Amrtising Bullet Amrtising Availability perid Immediate 2-3 years 1 year Typical lan size EUR 1-5m EUR m EUR m Average annual cash interest rate 10-15% 3-10% 1-5% Warrant size Depending n valuatin Depending n valuatin Nne * Sme f the abve figures are generalizatins. Final figures are usually subject t due diligence and rating r risk/return apprval Innvatin Finance Eurpean Advisry Investment Eurpean Bank Investment Bank 12

13 Innvatin Finance Advisry (IFA) Prjects Advisry Imprve bankability/investment readiness Enable earlier/ faster access t finance Light Prject Advisry Prjects Advisry Pipeline Develpment InnvFin Advisry Hrizntal Activities Market studies Imprve framewrk cnditins fr financing Develp business case fr new financing mechanisms in RDI sectrs Prepare studies n increasing effectiveness f financial instruments t address specific sectr/rdi plicy bjectives - Independent advisry - Supprt pipeline develpment - Upstream prject advisry where needed (technical, financial) Transfer f Lessns Learned Investment Platfrms Leverage hrizntal (market) studies t identify funding gaps Where necessary, recmmend internal EIB-managed instruments and/r Investment Platfrms (IP) Structure/implement IP that mbilise public/private investrs Leverage hrizntal (market) studies: - Biecnmy - Digital Ecnmy - Circular Ecnmy - KETS - Life Sciences, etc Innvatin Finance Eurpean Advisry Investment Eurpean Bank Investment Bank 13

14 Study n access-t-finance cnditins fr the Eurpean Space Sectr Scpe Exam questins Framing f the Eurpean Space investment landscape and market segmentatin What are the actrs and business mdels in the EU space sectr? Market cnsultatin (bth cmpanies and investrs) - analysis f market failures, subptimal investment situatins and investment needs What are their investment and risk prfiles? What are the investment and financing patterns? Frmulatin f plicy ptins and financialrelated recmmendatins t remve bttlenecks What public and private instruments are available t these cmpanies, hw successful they are in accessing them and why? Is there a financing gap and where in the value chain? What can EU institutins d abut it? Innvatin Finance Eurpean Advisry Investment Eurpean Bank Investment Bank 14

15 Examples f Advisry supprt t innvative cmpanies Bi-bank cmpany in need f scale-up finance Cmpany identified in the cntext f life sciences market study; Gd technlgy and cmpany prfile, lking fr scale-up finance; Review f business plan and funding needs; Advice n ptential EIB financing; Identificatin f key risk factrs and mitigating aspects; Assessment f the technical merit f the prject; Hand ver t EIB lending team. Fast charging infrastructure netwrk in the Nrdics Danish cmpany planning t rll ut a netwrk f EV fast charging infrastructure; Advisry supprt: Advised n rll-ut strategy, its scalability and ptential implicatins fr financing; Accmpanied management during the fundraising perid and the identificatin f a strategic partnership; Supprted the applicatin t a EU grant call; Assessed the technical and financial merit f the prject; Explred financing pprtunities. Prject likely t be mature fr EIB financing sn. Innvatin Finance Eurpean Advisry Investment Eurpean Bank Investment Bank 15

16 Cntact Details Alessandr De Cncini Innvatin Finance Advisry Advisry Services Department Phne: (+352) Eurpean Investment Bank 3, rue Jean Mnnet L-2180 Luxemburg T cnsult EIB Grup s financing instruments and intermediaries: Innvatin Finance Eurpean Advisry Investment Eurpean Bank Investment Bank 16

Horizon 2020 Financial Instruments

Horizon 2020 Financial Instruments SMEs IN HORIZON 2020 Madrid and Seville, 30-31 Octber 2013 Hrizn 2020 Financial Instruments Access t Risk Finance under the EU Framewrk Prgramme fr Research and Innvatin 2014-2020 Ignaci Puente Gnzález

More information

Semaine européenne des PME 2013

Semaine européenne des PME 2013 Semaine eurpéenne des PME 2013 Chambre de Cmmerce, Luxemburg 25 nvembre 2013 Rmuald Massa Bernucci BEI - Directeur Eurpean Investment Bank Grup Outline EIB Grup verview and strategy SME financing: instruments

More information

INNOVATIVE MECHANISMS AND INSTRUMENTS TO UNLOCK PRIVATE FINANCE TO MEET AFRICA NDC TARGETS Prof. Joseph Adelegan School of

INNOVATIVE MECHANISMS AND INSTRUMENTS TO UNLOCK PRIVATE FINANCE TO MEET AFRICA NDC TARGETS Prof. Joseph Adelegan School of INNOVATIVE MECHANISMS AND INSTRUMENTS TO UNLOCK PRIVATE FINANCE TO MEET AFRICA NDC TARGETS ------------------- Prf. Jseph Adelegan Schl f Envirnmental Sciences University f Venda Limpp Prvince Suth Africa

More information

The Nigerian Debt Capital Markets (DCM) Workshop

The Nigerian Debt Capital Markets (DCM) Workshop The Nigerian Debt Capital Markets (DCM) Wrkshp Twards a Brighter Future 27 Octber 2015 Overview f sessin bjectives 1 Objectives Exchange ideas n strategies fr the grwth f the debt capital market; particularly

More information

Results of the CSSF/ABBL Private Banking Survey 2018

Results of the CSSF/ABBL Private Banking Survey 2018 Results f the CSSF/ABBL Private Banking Survey 2018 The ABBL Private Banking Grup Luxemburg (PBGL) cmpiled the results f its 11th annual Private Banking Survey fr 2018 perfrmed, as in previus years, in

More information

SME support in HORIZON 2020

SME support in HORIZON 2020 SME supprt in HORIZON 2020 Dr Bernd Reichert Unit "Hrizn 2020 Small and Medium- Sized Enterprises" Eurpean Agency fr SMEs (EASME) The 3 key pillars f Hrizn2020 Scientific Excellence Industrial Leadership

More information

Virtusa Corporation to acquire controlling interest in Polaris Consulting & Services Limited

Virtusa Corporation to acquire controlling interest in Polaris Consulting & Services Limited Virtusa Crpratin t acquire cntrlling interest in Plaris Cnsulting & Services Limited Greatly strengthens ur psitin in Banking and Financial Services Nvember 5, 2015 1 Frward Lking Statements This presentatin

More information

Sempra Energy Environmental, Health, Safety and Technology Committee Charter

Sempra Energy Environmental, Health, Safety and Technology Committee Charter Sempra Energy Envirnmental, Health, Safety and Technlgy Cmmittee Charter As adpted by the Bard f Directrs f Sempra Energy n September 5, 2000 and amended thrugh Nvember 9, 2015. I. Purpse The purpse f

More information

It is a pleasure for me to present business views on such an essential issue.

It is a pleasure for me to present business views on such an essential issue. SPEAKING NOTES 6 th Nvember 2013 6 TH NOVEMBER 2013 9H30 JUSTUS LIPSIUS BUILDING INTERVENTION BY MARKUS J. BEYRER, DIRECTOR GENERAL OF BUSINESSEUROPE Intrductry remarks: the imprtance f CSR fr grwth It

More information

Summary of the Partnership Agreement for Romania,

Summary of the Partnership Agreement for Romania, EUROPEAN COMMISSION August 2014 Summary f the Partnership Agreement fr Rmania, 2014-2020 Overall infrmatin The Partnership Agreement (PA) cvers five Eurpean Structural and Investment Funds (ESIF): the

More information

IOOF SUBMITS PROPOSAL TO ACQUIRE THE TRUST COMPANY LIMITED

IOOF SUBMITS PROPOSAL TO ACQUIRE THE TRUST COMPANY LIMITED Level 6, 161 Cllins Street GPO Bx 264 Melburne VIC 3000 Melburne VIC 3001 Phne 13 13 69 3 September 2013 IOOF SUBMITS PROPOSAL TO ACQUIRE THE TRUST COMPANY LIMITED IOOF Hldings Limited (ASX:IFL) ( IOOF

More information

Horizon Les actions Marie Skłodowska-Curie Quelle place pour les PME? MESR Paris 2 Avril Education and Culture

Horizon Les actions Marie Skłodowska-Curie Quelle place pour les PME? MESR Paris 2 Avril Education and Culture Educatin Hrizn 2020 Les actins Marie Skłdwska-Curie Quelle place pur les PME? MESR Paris 2 Avril 2014 Hrizn 2020 Educatin Educatin Key features f the MSCA part Open t all dmains f research and innvatin

More information

STRATEGIC PLAN Page 1 of 11

STRATEGIC PLAN Page 1 of 11 Wrking Heritage M: RISK MANAGEMENT POLICY STRATEGIC PLAN 2018-2021 Page 1 f 11 STRATEGIC PLAN 2018-2021 Wrking Heritage CONTENTS 1. CONTEXT... 1 2. STRATEGY SNAPSHOT 2018-2021... 2 2.1. Our Strategic Fcus...

More information

Department of Environment Land, Water and Planning

Department of Environment Land, Water and Planning Department f Envirnment Land, Water and Planning Psitin purpse The Senir Plicy Officer is part f the Building Unit which is respnsible fr the delivery f plicies and brad based strategies t achieve imprved

More information

Invitation to Quote Requirements and Notes

Invitation to Quote Requirements and Notes Invitatin t Qute Requirements and Ntes Venturefest 2018 13 September, Manchester Central Cntents: Abut GC Business Grwth Hub... 2 Abut Venturefest... 3 Requirement... 3 Brief... 3 Perid f delivery and

More information

Community Hubs in Ontario: A Strategic Framework and Action Plan

Community Hubs in Ontario: A Strategic Framework and Action Plan Cmmunity Hubs in Ontari: A Strategic Framewrk and Actin Plan The Ontari Assciatin f Adult and Cntinuing Educatin Schl Bard Administratrs December 2015 Cntext The mandate f the Advisry Grup: Review prvincial

More information

Results presentation. for the period 4 April to 30 September 2016

Results presentation. for the period 4 April to 30 September 2016 Results presentatin fr the perid 4 April t 30 September 2016 29 Nvember 2016 Intrductin First set f results fr the new African Bank grup Significant imprvement in all aspects f the business Gd fundatin

More information

BUSINESS SEMINAR ON THE GLOBAL INFRASTRUCTURE FACILITY (GIF) Jordan Schwartz

BUSINESS SEMINAR ON THE GLOBAL INFRASTRUCTURE FACILITY (GIF) Jordan Schwartz BUSIESS SEMIAR O THE GLOBAL IFRASTRUCTURE FACILITY (GIF) Jrdan Schwartz Head f the Glbal Infrastructure Facility (GIF) vember 10, 2014 Wrld Bank Tky Office 1 Cntext: Demand fr the GIF Gvernments eed lng-term

More information

Request for Proposals. South Dakota Governor s Research Center Program

Request for Proposals. South Dakota Governor s Research Center Program Request fr Prpsals Suth Dakta Gvernr s Research Center Prgram SUMMARY OF PROGRAM The SD Gvernr s Research Center Prgram invites prpsals t identify Gvernr s Research Center prjects that will begin in July

More information

Summary and Future Work

Summary and Future Work OECD Wrkshp n Gd Practices in Investment Prmtin & Facilitatin Hw t imprve Investment Prmtin Agencies impact and relevance Summary and Future Wrk SUMMARY OF THE WORKSHOP Backgrund On 18 Octber 2016, the

More information

Corporate Governance Compliance and Monitoring Systems across the EU

Corporate Governance Compliance and Monitoring Systems across the EU Crprate Gvernance Cmpliance and Mnitring Systems acrss the EU Crprate Gvernance Cmpliance and Mnitring Systems acrss the EU By Lutgart Van den Berghe 9 Octber 2015 THE EUROPEAN CONFEDERATION OF OF DIRECTORS

More information

SME Finance in Sub-Saharan Africa: How do we achieve significant scale and reach?

SME Finance in Sub-Saharan Africa: How do we achieve significant scale and reach? SME Finance in Sub-Saharan Africa: Hw d we achieve significant scale and reach? Executive Summary & Call t Actin 31 August 2017 www.encludeslutins.cm www.encludecapital.cm Research Methdlgy & Participants

More information

Application Pack for Secondment Opportunity

Application Pack for Secondment Opportunity Applicatin Pack fr Secndment Opprtunity This pack is fr thse wishing t apply fr a secndment t the Fire Strategy and Refrm Unit within the Crime, Plicing and Fire Grup in the Hme Office. The Unit has a

More information

ABORIGINAL ECONOMIC PARTNERSHIPS Program Grant Application Guidelines

ABORIGINAL ECONOMIC PARTNERSHIPS Program Grant Application Guidelines ABORIGINAL ECONOMIC PARTNERSHIPS Prgram Grant Applicatin Guidelines Abriginal Ecnmic Partnerships Prgram (AEPP) grant funding supprts Indigenus cmmunities, cmmunity-wned businesses and nt-fr-prfit nn-gvernmental

More information

Maryland Medicaid Expansion and Safety Net Providers

Maryland Medicaid Expansion and Safety Net Providers Maryland Medicaid Expansin and Safety Net Prviders Charles J. Milligan, JD, MPH Deputy Secretary, Health Care Financing April 24, 2013 Outline Cntinuity f care Capacity building fr safety net prviders

More information

COVERED CALIFORNIA POLICY AND ACTION ITEMS November 19, 2015

COVERED CALIFORNIA POLICY AND ACTION ITEMS November 19, 2015 COVERED CALIFORNIA POLICY AND ACTION ITEMS Nvember 19, 2015 2017 QHP: RECERTIFICATION, NEW ENTRANT Anne Price, Directr f Plan Management Divisin 2017 CERTIFICATION PROCESS Cvered Califrnia is in the prcess

More information

AEGON Asset Management

AEGON Asset Management Unlcking the glbal ptential AEGON Asset Management A glbal business with lcal strengths Erik van Huwelingen Chairman Executive Cmmittee AEGON Asset Management Analyst and Investr Cnference, Lndn, 2-3 June

More information

21 November Introduction

21 November Introduction EVCA, The Eurpean Private Equity and Venture Capital Assciatin, cmments n CESR s 2 nd Cnsultatin Paper n CESR s Draft Advice f Definitins cncerning Eligible Assets fr Investments f UCITS (CESR/05-490b)

More information

AC JumpStart Application Guidelines

AC JumpStart Application Guidelines AC JumpStart Applicatin Guidelines What is AC JumpStart? AC JumpStart is an innvative incubatin and mentrship prgram, funded by FedDev Ontari, aimed at helping technlgy startups establish and grw their

More information

ELENA Frequently Asked Questions

ELENA Frequently Asked Questions ELENA Frequently Asked Questins CONTENTS 1. GENERAL INFORMATION...2 1.1. What is ELENA?... 2 1.2. Wh can apply and benefit frm ELENA and what are the main cnditins?... 3 1.3. Why des ELENA prvide supprt

More information

Objectives of the review. Context. February 2015

Objectives of the review. Context. February 2015 Review f the peratin f the Financial Advisers Act 2008 and Financial Service Prviders (Registratin and Dispute Reslutin) Act 2008 Terms f Reference February 2015 Objectives f the review The bjectives f

More information

Responsible Investment Policy

Responsible Investment Policy Respnsible Investment Plicy 1. Backgrund and purpse Respnsible Investment (RI) is a crnerstne in ur ambitin t be recgnised as the mst trusted financial partner. We are cmmitted t respnsible investment

More information

Evaluating Equity Plan Practices

Evaluating Equity Plan Practices An Hewitt Radfrd Nvember 2015 ISS new methd f evaluating share authrizatin plans, in additinal t evlving institutinal investr plicies, will make passage f yur next share authrizatin plan mre difficult.

More information

The United Nations Conference on Trade and Development (UNCTAD) Connexion Forum, Graduate Institute 12 March 2015

The United Nations Conference on Trade and Development (UNCTAD) Connexion Forum, Graduate Institute 12 March 2015 The United Natins Cnference n Trade and Develpment (UNCTAD) Cnnexin Frum, Graduate Institute 12 March 2015 niclas.maystre@unctad.rg Basic facts Origin f UNCTAD Tpics Objective and functins What UNCTAD

More information

Artists working with communities; communities working with artists providing arts access to all.

Artists working with communities; communities working with artists providing arts access to all. grant applicatin Prince f Wales Armuries, 2nd Flr, 10440 108 Avenue, Edmntn, AB T5H 3Z9 p. 780.424.2787 f. 780.425.7620 e. grants@edmntnarts.ca Cmmunity Arts Prgram Grant Guidelines Deadline: May 1 Annually

More information

United Bank for Africa Plc Audited Results for the Year Ended December 31, 2017

United Bank for Africa Plc Audited Results for the Year Ended December 31, 2017 United Bank fr Africa Plc Audited Results fr the Year Ended December 31, 2017 Africa's Glbal Bank UBA SUSTAINS STRONG PERFORMANCE GROWING COTRIBUTION AND MARKET SHARE FROM PAN AFRICAN NETWORK This Earnings

More information

Call for nomination for members of the CSEM (civil society engagement mechanism) Advisory group in UHC2030

Call for nomination for members of the CSEM (civil society engagement mechanism) Advisory group in UHC2030 Call fr nminatin fr members f the CSEM (civil sciety engagement mechanism) Advisry grup in UHC2030 The Civil Sciety Engagement Mechanisms (CSEM) fr UHC2030 is lking fr vlunteers t becme members f the Advisry

More information

REQUEST FOR PROPOSALS FY-2019 RESEARCH ON SUSTAINABLE INFRASTRUCTURE LEVERAGING LAND CONSERVATION

REQUEST FOR PROPOSALS FY-2019 RESEARCH ON SUSTAINABLE INFRASTRUCTURE LEVERAGING LAND CONSERVATION REQUEST FOR PROPOSALS FY-2019 RESEARCH ON SUSTAINABLE INFRASTRUCTURE LEVERAGING LAND CONSERVATION RESEARCH THEME The Lincln Institute f Land Plicy ( Lincln Institute ) invites prpsals fr riginal research

More information

IFRS UPDATE. Focused on IFRS 9, IFRS15 and other recent pronouncements

IFRS UPDATE. Focused on IFRS 9, IFRS15 and other recent pronouncements IFRS UPDATE Fcused n IFRS 9, IFRS15 and ther recent prnuncements 8 th & 9 th May 2016 BIBF plays a vital rle in the training and develpment f human capital in the Middle East and Nrth Africa. Our cmmitment

More information

EU Strategy on Sustainable Finance Views from a European asset management perspective

EU Strategy on Sustainable Finance Views from a European asset management perspective EU Strategy n Sustainable Finance Views frm a Eurpean asset management perspective Cntents General remarks... 2 1. Prmting institutinal demand and fiduciary duty... 3 2. Time hrizns: the lng-term / shrt-term

More information

Programme Development Funding Phase

Programme Development Funding Phase Prgramme Develpment Funding Phase Backgrund The Tees Valley Eurpean Structural & Investment Funds Strategy (ESIFS) 2014 2020 was submitted t Gvernment in January 2014 (available n the TVU website). It

More information

National Paramedic Re-banding update

National Paramedic Re-banding update MEETING TITLE Trust Bard in Public TITLE f PAPER Natinal Paramedic Re-banding update MEETING DATE 27/03/2018 PAPER REF 4.2 STRATEGIC OBJECTIVE(S) PURPOSE OF THE PAPER Develp and retain a highly skilled,

More information

Boettcher Foundation Webb-Waring Biomedical Research Awards Frequently Asked Questions (FAQs)

Boettcher Foundation Webb-Waring Biomedical Research Awards Frequently Asked Questions (FAQs) Eligibility: Bettcher Fundatin Webb-Waring Bimedical Research Awards Frequently Asked Questins (FAQs) Q. Which faculty titles are eligible t apply? A. University f Clrad Qualifying Titles: Investigatrs

More information

EUROPEAN COMMISSION DIRECTORATE-GENERAL ENVIRONMENT Directorate B - Natural Capital ENV.B.2 - Biodiversity ENV.B.3 - Nature CGBN.

EUROPEAN COMMISSION DIRECTORATE-GENERAL ENVIRONMENT Directorate B - Natural Capital ENV.B.2 - Biodiversity ENV.B.3 - Nature CGBN. EUROPEAN COMMISSION DIRECTORATE-GENERAL ENVIRONMENT Directrate B - Natural Capital ENV.B.2 - Bidiversity ENV.B.3 - Nature CGBN C-rdinatin Grup fr Bidiversity and Nature 22 nd meeting 15/03/2017 Agenda

More information

For personal use only

For personal use only 8 March 2017 KABUNI ENTERS INTO A LETTER OF INTENT FOR POTENTIAL SALE OF ITS OPERATING SUBSIDIARIES AND ALSO RESETS STRATEGIC PRIORITIES The Bard f Directrs f Kabuni Ltd. (the Cmpany r Kabuni ) is pleased

More information

Thirteenth meeting of the Codex Trust Fund Steering Committee. Teleconference 12 January h00-12h00. Summary of decisions and action points

Thirteenth meeting of the Codex Trust Fund Steering Committee. Teleconference 12 January h00-12h00. Summary of decisions and action points Thirteenth meeting f the Cdex Trust Fund Steering Cmmittee Telecnference 12 January 2017 11h00-12h00 Item 1 Adptin f agenda Summary f decisins and actin pints The agenda fr the meeting was adpted and is

More information

Technical workshop. On the margins of the forty-seventh session of the Subsidiary Body for Implementation 7 November 2017

Technical workshop. On the margins of the forty-seventh session of the Subsidiary Body for Implementation 7 November 2017 Technical wrkshp On the margins f the frty-seventh sessin f the Subsidiary Bdy fr Implementatin 7 Nvember 2017 Jan Sawe, Frank Rauch, Juleka Rajah, Daniele Viletti, Laura Lpez UNFCCC secretariat Increasing

More information

Practice Review and Internal Audit Plan

Practice Review and Internal Audit Plan Office f the Auditr General f Canada Practice Review and Internal Audit Plan Lng-term audit plan, fiscal years 2009 10 t 2011 12 June 2009 Table f Cntents 1 Executive Summary 3 2 Intrductin 5 3 External

More information

Financial reporting update. Northern Client Update, May 2017

Financial reporting update. Northern Client Update, May 2017 Financial reprting update Nrthern Client Update, May 2017 Agenda Imprving cmmunicatin in financial reprts Accunting standard changes update Imprving cmmunicatin in financial reprts Objectives f financial

More information

The Sustainable Development Goals and linkage with Strategic Frame Country: Albania From planning to implementation/indicators

The Sustainable Development Goals and linkage with Strategic Frame Country: Albania From planning to implementation/indicators The Sustainable Develpment Gals and linkage with Strategic Frame Cuntry: Albania Frm planning t implementatin/indicatrs.. Geneva, 2 4 Nvember 2016 Current situatin Strategic frame and SDGs Natinal Strategy

More information

Allan MacDonald: Director General, Implementation Branch, AANDC

Allan MacDonald: Director General, Implementation Branch, AANDC Allan MacDnald: Directr General, Implementatin Branch, AANDC Cntext Treaties are nt the end f smething; we spend many years negtiating them, but many, many mre years implementing them. On average, it takes

More information

Cuts dressed as integrity: a haphazard approach to funding innovation

Cuts dressed as integrity: a haphazard approach to funding innovation Cuts dressed as integrity: a haphazard apprach t funding innvatin Last night s Budget cntains inexplicable cuts t the R&D Tax Incentive prgram, which cmbined with ther key Budget measures will have a negative

More information

757 ANGELS Matching Talent and Smart Capital

757 ANGELS Matching Talent and Smart Capital 757 ANGELS Matching Talent and Smart Capital www.757angelsgrup.cm Summary 757 Angels, Inc. cnnects early stage businesses seeking capital with high net wrth investrs wh have an appetite fr early stage

More information

Essentials of. Financial Instruments: Intensive Workshop December 2017 Berlin EXPERTS

Essentials of. Financial Instruments: Intensive Workshop December 2017 Berlin EXPERTS www.lexxin.eu/events Essentials f Financial Instruments Intensive Wrkshp 11-12 December 2017 Berlin EXPERTS Liviu-Mihai Blaga Investbank f the State f Brandenburg, Ptsdam Csaba Harsányi Hungarian Develpment

More information

European Commission Consultation on the future of European Company Law

European Commission Consultation on the future of European Company Law The Quted Cmpanies Alliance 6 Kinghrn Street Lndn EC1A 7HW Tel: +44 20 7600 3745 Fax: +44 20 7600 8288 Web: www.theqca.cm Email: mail@theqca.cm Internal Market and Services Directrate F, Capital and Cmpanies

More information

ABORIGINAL ECONOMIC PARTNERSHIPS Program Application Guidelines

ABORIGINAL ECONOMIC PARTNERSHIPS Program Application Guidelines ABORIGINAL ECONOMIC PARTNERSHIPS Prgram Applicatin Guidelines The Abriginal Ecnmic Partnerships Prgram (AEPP) supprts Abriginal cmmunities, businesses and rganizatins t increase participatin in ecnmic

More information

[AGENCY NAME] Mandate and Roles Document. (Pure Advisory Committees)

[AGENCY NAME] Mandate and Roles Document. (Pure Advisory Committees) [This sample dcument has been develped by the Agency Gvernance Secretariat. It is intended t be used fr infrmatinal purpses nly. Agencies are encuraged t adapt the dcument t meet their specific needs.

More information

Information concerning the constitution, goals and functions of the agency, including 1 :

Information concerning the constitution, goals and functions of the agency, including 1 : Annual Reprt cmpliance checklist This checklist utlines the gvernance, perfrmance, reprting cmpliance and prcedural requirements f the Financial Administratin and Audit Act 1977 and the Financial Management

More information

PROJECT SUPPORT FUND OVERVIEW

PROJECT SUPPORT FUND OVERVIEW PROJECT SUPPORT FUND OVERVIEW What is the missin f the Prject Supprt Fund? The Prject Supprt Fund aims t advance the Calitin member sites ability t serve as Sites f Cnscience. It seeks t create a space

More information

UK Consumer Debt Collection and Debt Purchase:

UK Consumer Debt Collection and Debt Purchase: UK Cnsumer Debt Cllectin and Debt Purchase: Market Insight Reprt 2018 Summary Apex Insight Ltd 2 Eastburne Terrace Lndn W2 6LG January 2018 +44 20 7100 7239 www.apex-insight.cm mail@apex-insight.cm UK

More information

OFFICIAL CHARTERS OF THE AUSTRALIAN SECURITISATION FORUM STANDING SUBCOMMITTEES

OFFICIAL CHARTERS OF THE AUSTRALIAN SECURITISATION FORUM STANDING SUBCOMMITTEES OFFICIAL CHARTERS OF THE AUSTRALIAN SECURITISATION FORUM STANDING SUBCOMMITTEES CONTENTS 1. REGULATORY & PRUDENTIAL SUBCOMMITTEE... 1 2. ACCOUNTING & TAX SUBCOMMITTEE... 2 3. EDUCATION SUBCOMMITTEE...

More information

Assurant Announces $1.3 Billion 2018 Property Catastrophe Reinsurance Program

Assurant Announces $1.3 Billion 2018 Property Catastrophe Reinsurance Program Assurant Annunces $1.3 Billin 2018 Prperty Catastrphe Reinsurance Prgram Prtecting 2.9 Millin Plicyhlders Wrldwide at Attractive Terms NEW YORK, N.Y., June 28, 2018 Assurant, Inc. (NYSE: AIZ), a glbal

More information

ESTABLISHING A BUSINESS

ESTABLISHING A BUSINESS Definitins p18 1. Define: Cmmand ecnmy (Cmmunism) 2. Define: Cmpetitin 3. Prvide term fr: Recgnises crpratins as legal persns with certain rights and respnsibilities in the same way that individual citizens

More information

INFORMATION NOTE FOR PARTICIPANTS AT THE ROUND-TABLE DISCUSSIONS AMONG PARTIES FOR ARTICLE 6 OF THE PARIS AGREEMENT SBSTA ITEMS 11 A TO C

INFORMATION NOTE FOR PARTICIPANTS AT THE ROUND-TABLE DISCUSSIONS AMONG PARTIES FOR ARTICLE 6 OF THE PARIS AGREEMENT SBSTA ITEMS 11 A TO C INFORMATION NOTE FOR PARTICIPANTS AT THE ROUND-TABLE DISCUSSIONS AMONG PARTIES FOR ARTICLE 6 OF THE PARIS AGREEMENT SBSTA ITEMS 11 A TO C Date f publicatin: 20 Octber 2017 Mandate: Pursuant t paragraphs

More information

BREXIT: SECURING A POSITIVE OUTCOME FOR

BREXIT: SECURING A POSITIVE OUTCOME FOR The Cnsumer Vice in Eurpe BREXIT: SECURING A POSITIVE OUTCOME FOR CONSUMERS Cntact: Mnique Gyens directrsffice@beuc.eu BUREAU EUROPÉEN DES UNIONS DE CONSOMMATEURS AISBL DER EUROPÄISCHE VERBRAUCHERVERBAND

More information

TRACKING MEDICARE HEALTH AND PRESCRIPTION DRUG PLANS Monthly Report for July 2006

TRACKING MEDICARE HEALTH AND PRESCRIPTION DRUG PLANS Monthly Report for July 2006 TRACKING MEDICARE HEALTH AND PRESCRIPTION DRUG PLANS Mnthly Reprt fr July 2006 Prepared by Stephanie Petersn and Marsha Gld, Mathematica Plicy Research Inc. as part f wrk cmmissined by the Kaiser Family

More information

Call for KIC proposals Evaluation Criteria

Call for KIC proposals Evaluation Criteria 27 June 2017 Call fr KIC prpsals 2018 - Evaluatin Criteria Admissibility criteria Prir t evaluatin, prpsals will be examined fr cmpliance with the fllwing admissibility criteria: the prpsal must be submitted

More information

Human Resources & Remuneration Committee Charter. Bank of Queensland

Human Resources & Remuneration Committee Charter. Bank of Queensland Human Resurces & Remuneratin Cmmittee Charter Bank f Queensland 31 May 2018 1Intrductin The Human Resurces & Remuneratin Cmmittee (Cmmittee) has been established by the Bank f Queensland Limited (BOQ)

More information

Collaboratory Fellows Fund Columbia University

Collaboratory Fellows Fund Columbia University The Cllabratry@Clumbia: Request fr Prpsals fr Cllabratry Fellws Fund Clumbia University RFP Issue Date: May 11 th, 2016 RFP Due Date: June 27 th, 2016, 4PM Award Ntificatin: July 22 nd, 2016 The increasing

More information

Job Description. Division/Company: Risk Function, Faster Payments Scheme Limited & Mobile Payments Service Limited

Job Description. Division/Company: Risk Function, Faster Payments Scheme Limited & Mobile Payments Service Limited Jb Descriptin Jb Title: Auditr Divisin/mpany: Risk Functin, Faster Payments Scheme Limited & Mbile Payments Service Limited Reprting T: Head f Risk Assessment & Assurance Salary and: D Faster Payments

More information

REA Space Unit guidelines for Individual Evaluation Report Coordination & support actions. DT-SPACE-07-BIZ-2018: Space hubs for Copernicus

REA Space Unit guidelines for Individual Evaluation Report Coordination & support actions. DT-SPACE-07-BIZ-2018: Space hubs for Copernicus REA Space Unit guidelines fr Individual Evaluatin Reprt Crdinatin & supprt actins DT-SPACE-07-BIZ-2018: Space hubs fr Cpernicus These guidelines are intended t help and guide evaluatin experts n what shuld

More information

COLLABORATE TO INNOVATE Developing UK access to Framework Programme 9 March 2018

COLLABORATE TO INNOVATE Developing UK access to Framework Programme 9 March 2018 COLLABORATE TO INNOVATE Develping UK access t Framewrk Prgramme 9 March 2018 Intrductin The UK s business cmmunity has benefited greatly frm wrking with their EU cunterparts n science and innvatin prjects.

More information

EBRD in Greece September 2016

EBRD in Greece September 2016 EBRD in Greece September 2016 The EBRD s investments in 2015 9.4 billin invested thrugh 381 prjects 320 millin invested thrugh 6 prjects in Greece 2 The EBRD s investments in Greece t date Over 600 millin

More information

Austrade: Significant and Premium Investor Visa Programmes

Austrade: Significant and Premium Investor Visa Programmes Austrade: Significant and Premium Investr Visa Prgrammes Michaela Brwning General Manager, Established Markets Special Adviser t the CEO, Strategy and China Plicy August 2015 Disclaimer: This is fr infrmatin

More information

For personal use only

For personal use only T Cmpany Annuncements Office Facsimile 1300 135 638 Cmpany ASX Limited Date 23 Octber 2013 Frm Helen Hardy Pages 5 Subject Origin annunces extensin f cntract with Managing Directr Please find attached

More information

Parallel sessions on case studies Urban Development

Parallel sessions on case studies Urban Development Parallel sessins n case studies Urban Develpment #ficmpass Financial instruments fr urban develpment in Pland EIB Fund f Funds, Silesia Pitr Skiba, #ficmpass Financial Instruments fr Urban Develpment in

More information

Full Business Case. Installation of MRI at County Hospital

Full Business Case. Installation of MRI at County Hospital Full Business Case Installatin f MRI Scanner at Cunty Hspital April 2015 1 1 Executive Summary 1.1 Intrductin & Backgrund In February 2014 the Secretary f State apprved the Trust Special Administratrs

More information

ENET, February 2017 Seema Basu, PhD Partners HealthCare

ENET, February 2017 Seema Basu, PhD Partners HealthCare Licensing and Technlgy Transfer fr Life Science and Tech Cmpanies ENET, February 2017 Seema Basu, PhD Partners HealthCare Partners in Numbers Innvatin in Numbers (FY14) Inventins Disclsures Received 550+

More information

Arrangements for managing health expenditures Joint OECD/WHO Meeting on Financial Sustainability of Health Systems

Arrangements for managing health expenditures Joint OECD/WHO Meeting on Financial Sustainability of Health Systems Arrangements fr managing health expenditures Jint OECD/WHO Meeting n Financial Sustainability f Health Systems Edwin Lau Deputy Head, Budgeting & Public Expenditures Divisin, OECD 28 June 2012 Publicly

More information

Guidelines and Recommendations Guidelines on periodic information to be submitted to ESMA by Credit Rating Agencies

Guidelines and Recommendations Guidelines on periodic information to be submitted to ESMA by Credit Rating Agencies Guidelines and Recmmendatins Guidelines n peridic infrmatin t be submitted t ESMA by Credit Rating Agencies 23 June 2015 ESMA/2015/609 Table f Cntents 1 Scpe... 3 2 Definitins... 3 3 Purpse f Guidelines...

More information

UPDATE ON INTERNAL CONTROL ENVIRONMENT REPORT OF DIRECTOR OF EDUCATION AND LIFELONG LEARNING AGENDA ITEM: 4.1.1

UPDATE ON INTERNAL CONTROL ENVIRONMENT REPORT OF DIRECTOR OF EDUCATION AND LIFELONG LEARNING AGENDA ITEM: 4.1.1 CARDIFF COUNCIL CYNGOR CAERDYDD AUDIT COMMITTEE: 18 th SEPTEMBER 2018 UPDATE ON INTERNAL CONTROL ENVIRONMENT REPORT OF DIRECTOR OF EDUCATION AND LIFELONG LEARNING AGENDA ITEM: 4.1.1 Reasn fr this Reprt

More information

ENVIRONMENTAL STEWARDSHIP AND CLIMATE CHANGE GROUP PROGRAM

ENVIRONMENTAL STEWARDSHIP AND CLIMATE CHANGE GROUP PROGRAM ENVIRONMENTAL STEWARDSHIP AND CLIMATE CHANGE GROUP PROGRAM APPLICATION PROPOSAL GUIDE Prject selectin criteria The fllwing utlines a list f brad criteria that will be taken int cnsideratin during the selectin

More information

ENNHRI Operational Plan 2018

ENNHRI Operational Plan 2018 ENNHRI Operatinal Plan 2018 Cre Objective 1: Mre Eurpean NHRIs in cmpliance with the Paris Principles 1.1. Supprt the establishment f NHRIs acrss Eurpe 1.1. An increased number f NHRIs are established

More information

For questions regarding these considerations please contact your Fannie Mae Account Manager.

For questions regarding these considerations please contact your Fannie Mae Account Manager. Servicing Retained/Released Resurce Guide In the current market envirnment, many mrtgage bankers are cnsidering expanding their business by retaining servicing, rather than selling lans n a servicing-released

More information

Firm Evaluation & Financial Statement Analysis

Firm Evaluation & Financial Statement Analysis Firm Evaluatin & Financial Statement Analysis Evaluate Cmmunity ED Benefits: Triple Bttm Line Assess Business Plan and Prspects Diagnse financial cnditin, perfrmance, debt capacity f firm Analyze financial

More information

Summary Prospectus July 31, 2018

Summary Prospectus July 31, 2018 AlphaMark Actively Managed Small Cap ETF TRADING SYMBOL: SMCP LISTED ON NASDAQ Summary Prspectus July 31, 2018 www.alphamarkadvisrs.cm Befre yu invest, yu may want t review the AlphaMark Actively Managed

More information

For personal use only

For personal use only MEDIA/ASX RELEASE 6 August 2013 Titan Energy Services annunces $9.1m NPAT fr FY13 and FY14 $21m - $23m EBIT target www.titanenergyservices.cm.au ASX ticker: TTN 2012/13 (FY13) Highlights Recrd full year

More information

Briefing Note and Frequently Asked Questions Canadian Housing Bank Proposal

Briefing Note and Frequently Asked Questions Canadian Housing Bank Proposal Briefing Nte and Frequently Asked Questins Canadian Husing Bank Prpsal Backgrund: Husing Partnership Canada (HPC) is seeking supprt t explre the feasibility f creating a dedicated lending institutin fr

More information

ANNUITY AND LIFE INSURANCE PRODUCT UPDATE FIRST QUARTER 2014

ANNUITY AND LIFE INSURANCE PRODUCT UPDATE FIRST QUARTER 2014 ANNUITY AND LIFE INSURANCE PRODUCT UPDATE FIRST QUARTER 2014 AUTHOR: JOSE MIGUEL SANTANA PUBLISHED: APRIL 2014 COPYRIGHT 2014 CORPORATE INSIGHT, INC. ABOUT CORPORATE INSIGHT Crprate Insight prvides cmpetitive

More information

PAE 15: Sustainable Investment

PAE 15: Sustainable Investment PAE 15: Sustainable Investment 12 pints available A. Credit Ratinale This credit recgnizes institutins that use their investment pwer t prmte crprate sustainability. This culd take the frm f making psitive

More information

Tassal Group Limited. For personal use only. FY15 Results. Mark A Ryan, Managing Director & CEO Andrew Creswell, CFO.

Tassal Group Limited. For personal use only. FY15 Results. Mark A Ryan, Managing Director & CEO Andrew Creswell, CFO. Fr persnal use nly Tassal Grup Limited FY15 Results Mark A Ryan, Managing Directr & CEO Andrew Creswell, CFO 20 August 2015 Fr persnal use nly FY15 Overview Tassal s strategy t grw dmestic per capita cnsumptin,

More information

Fiche no 12. Brussels, 15 February 2012

Fiche no 12. Brussels, 15 February 2012 ELEMENTS RELATED TO A PROPOSED DELEGATED ACT AND IMPLEMENTING ACT REFERRED TO IN THE COMMON PROVISIONS REGULATION CONCERNING FINANCIAL INSTRUMENTS (TITLE IV) Fiche n 12 Brussels, 15 February 2012 Cmmissin

More information

Profile for the position of Senior Accountant/Manager Sheltons Accountants (London, SW1E 6QT)

Profile for the position of Senior Accountant/Manager Sheltons Accountants (London, SW1E 6QT) Prfile fr the psitin f Senir Accuntant/Manager Sheltns Accuntants (Lndn, SW1E 6QT) Sheltns Accuntants Accuntants and Business Advisers t internatinally perating businesses A wnderful pprtunity fr a Senir

More information

December 2017 Food and Drink Future Workforce Projections

December 2017 Food and Drink Future Workforce Projections December 2017 Fd and Drink Future Wrkfrce Prjectins Backgrund Fllwing n frm Breaking the Chain, ur submissins t the Migratin Advisry Cmmittees (MAC) call fr evidence and subsequent discussins with the

More information

CYBG PLC BOARD REMUNERATION COMMITTEE. Charter

CYBG PLC BOARD REMUNERATION COMMITTEE. Charter Charter Cmmittee Rle The Bards Remuneratin Cmmittee will act as the bard level Remuneratin Cmmittee fr Clydesdale and Yrkshire Banking Grup ( CYBG ) PLC and its subsidiaries, including fr the avidance

More information

Scope of Work to Prepare Communities in Motion 2040: Regional Long-Range Transportation and Sustainability Plan

Scope of Work to Prepare Communities in Motion 2040: Regional Long-Range Transportation and Sustainability Plan Scpe f Wrk t Prepare Cmmunities in Mtin 2040: Reginal Lng-Range Transprtatin and Sustainability Plan Purpse Lcal agencies and institutins invlved in land use, transprtatin, husing, natural resurces, public

More information

KCA Deutag Alpha Limited ( KCA Deutag or the Group ) Results for the three months ended 30 September 2015

KCA Deutag Alpha Limited ( KCA Deutag or the Group ) Results for the three months ended 30 September 2015 Fr immediate release [19] Nvember 2015 KCA Deutag Alpha Limited ( KCA Deutag r the Grup ) Results fr the three mnths ended 30 September 2015 KCA Deutag, ne f the wrld s leading drilling and engineering

More information

ESTABLISHING A BUSINESS

ESTABLISHING A BUSINESS INSTRUCTOR'S Chapter MANUAL 3 INSTRUCTOR'S MANUAL ESTABLISHING A BUSINESS CHAPTER 3 ESTABLISHING A BUSINESS Chapter cntent Intrductin The legal frm f wnership Develping a business plan fr the new business

More information

TASSAL GROUP LIMITED ABN Procedures for the Oversight and Management of Material Business Risks. (Approved by the Board 28 May 2015)

TASSAL GROUP LIMITED ABN Procedures for the Oversight and Management of Material Business Risks. (Approved by the Board 28 May 2015) Prcedures fr the Oversight and Management f Material Business Risks TASSAL GROUP LIMITED ABN 15 106 067 270 Prcedures fr the Oversight and Management f Material Business Risks (Apprved by the Bard 28 May

More information

RE: Exposure Draft - Treasury Laws Amendment (Stapled Structures and Other Measures) Bill 2018

RE: Exposure Draft - Treasury Laws Amendment (Stapled Structures and Other Measures) Bill 2018 01 June 2018 Crprate and Internatinal Tax Divisin The Treasury Langtn Crescent Sydney NSW 2000 Dear Sir/Madam, RE: Expsure Draft - Treasury Laws Amendment (Stapled Structures and Other Measures) Bill 2018

More information