Eurozone Start-up & SME Funding via a Unified Capital Market

The global financial crisis has resulted in credit constraints that have made it even harder for entrepreneurs starting up or trying to expand to obtain requisite funding. Since Start-ups and mainly SMEs are the growth engines of most economies, ensuring that they can be born, grow and thrive is essential to economic prosperity within the Eurozone. The development of a bond market for Eurozone Start-ups and SMEs would present a significant breakthrough. By careful structuring and robust monitoring this can become a viable alternative to scarce and hard to acquire bank loans with high borrowing costs. This book proposes a model in which the European Investment Fund takes a central role in issuing these bonds and providing guarantee structures to minimise risk for private and institutional investors. This model will serve to augment venture capital and other funding options fostering a multi-faced approach to enhancing access to funding for Eurozone Start-ups and SMEs.

Autorentext

Edmund Assibi BA MSc. is Ghanaian national whose education and career have spanned across Africa, Asia, Europe and the USA. Over the past decade he has occupied various roles in Banking, Management Consulting, and Int'l Business Development. He currently works as a Finance, Controlling and Strategic Planning Manager based in Vienna (Austria).