1. 0 Nordic Innovation Fund Short graphic presentation

2. 1 Public Private Leveraging of EIF Capacity and Experience EIF’s proposed Nordic Innovation Fund

3. 2 2 Public Stock Markets SME Cash Flows SME Development Stages Pre-seed Phase HIGHER RISK Seed PhaseStart-up Phase LOWER RISK Emerging Growth Development Buy-out Funds Norwegian Landcsape Business Angels Seed & Early Stage Mezzanine Funds Buy-out Technology Transfer Formal VC Funds Argentum Innovation Norway via seed funds direct investor via PE Funds Nordic Innovation Fund Stimulator & Co-Investor Stimulator & Co-investor Stimulator of TT activities Investinor

4. 3 Contact European Investment Fund 96 boulevard Konrad Adenauer L-2968 Luxembourg Graham Cope, g.cope@eif.org Tel: + 352 42 66 88 236g.cope@eif.org www.eif.org Nordic Innovation Hans Christian Bjørne h.bjorne@nordicinnovation.org