Best Practise Projects – The experience of Agencia IDEA in funding SMEs with the support of the ERDF and EIF. Juan Callejón Brussels, 12 th June

Autonomous Region of Andalusia Andalusian area: m 2 (17,3% of Spain; 2% of EU ) The population is 7,8 M of inhabitants and live in the cities of Malaga and Seville respectively, in the East and West region. 8 administrative provinces: Almería, Cádiz, Córdoba, Granada, Huelva, Jaén, Málaga and Seville (capital city)

The AGENCIA IDEA It is the Regional Development Agency of Andalusia Regional Government A 1987 law aproved by the Andalusia Parliament created the former Instituto de Fomento de Andalucía (IFA, the RDA). Since 2004: it is attached to the Regional Ministry of Innovation, Science and Enterprise it is called Agencia de Innovación y Desarrollo de Andalucía (IDEA) main goals of AGENCIA IDEA are supported on innovation

The experiences of AGENCIA IDEA with the EIF Micro-credit to young entrepreneurs, 21 M of participative loans being allocated at to date. Guarantees for loans Promotion of Capital Risk societies Creation of Venture Capital Funds Creation of INVERCARIA Capital Risk projects: CAMPUS scheme

1 st Assignment of EIF: Promotion of Capital Risk Associations INVERJAEN SCR, S.A Capital: Share holders: AGENCIA IDEA (18,9 %); Local Institutions (27, 76%); Financial institutions (45,56%); Others. INICIATIVAS ECONÓMICAS DE ALMERÍA SCR, S.A Capital: Share holders: AGENCIA IDEA (23,22%);Financial institutions (41,2 %); Local entities (18,73%); Others.

1 st Assignment of EIF: VENTURE CAPITAL FUNDS ANDALUCIA XXI (18 M) ANDALUCIA CAPITAL DESARROLLO (36 M) GED IBERIA GESTION (50 M, under constitution)

1 999: Constitution of Andalucía 21, a partnership with the Andalusia saving banks. Total Funds: 18 M Private management Regional coverage AGENCIA IDEA/ ERDF: 9 M Andalusia saving banks: 9 M Invested : M Number of projects: 9 ANDALUCIA XXI (ERDF – Financial institutions )

ANDALUCIA CAPITAL DESARROLLO (EIF – ERDF Co- investment) Constitution of Andalucía Capital Desarrollo. Total Funds: 36 M Private management Regional coverage AGENCIA IDEA / ERDF: 4 M EIF: 12,5 M Raising of 20 M (Financial institutions plus others) Invested: 15,25 M Number of projects: 5

GED IBERIA SUR (EIF – ERDF Co-investment) During 2006, Constitution of GED IBERIA SUR. Target size: 50 M Private management Interregional coverage (Andalusia, Extremadura and South Portugal) AGENCIA IDEA / ERDF: 12 M EIF: (> 7 M) Foreseen raising of 30 M (Financial institutions plus others)

MISSION VALUES Contribution to economic growth of Andalusia by providing the financing for the creation, consolidation and expansion of entrepreneurial projects, which can demonstrate economical, financial and technological viability with special respect to innovation. Highly skilled Professionals with background in investment banking, strategy consulting and auditing Collaboration with independent experts Agility and independence in analysis Established network with other financial institutions and funds Independent board of directors INVERCARIA is a public company, 100% owned by the Andalusian Ministry of Innovation, Science and Enterprise, with the objective to promote and develop instruments to assure financing of enterprises in Andalusia. 2 nd Assignment of EIF: Creation of INVERCARIA

AGENCIA IDEA do Capital Risk projects: CAMPUS initiative Creation of Technology based companies coming from University Spin off financed with participative loans Objectives: Conversion of research result to product and services Demonstration effect for business creation

AGENCIA DE INNOVACIÓN Y DESARROLLO DE ANDALUCÍA INVERCARIA UNIVERSITES ANDALOUSES ENTREPRISE DE BASE TECHNOLOGIQUE (E.B.T) ANNULATION SANS RESPONSABILITE POUR LENTITE COLLABORATRICE Prêts dhonneur Prise de participation au capital ou prêt participatif Envoi de linformation Tutelle et suivi Nominal plus 20 % des plus-values CAMPUS FINANCING SCHEME SUCCES OUI NON Nominal plus 80 % des plus-values

Thank you very much Agencia de Innovación y Desarrollo de Andalucía IDEA