1. SLOVENE ENTERPRISE FUND SLOVENIA mag. Maja Tomanič - Vidovič September, 23.09.2015

2. The Slovene Enterprise Fund is a stimulator of development for micro, small and medium sized enterprises with affordable financial incentives. WHO WE ARE? Ulica Kneza Koclja 22, 2000 Maribor, SLOVENIA http://www.podjetniskisklad.si tel.: 00386 2 234 12 60 LEGAL FORM:Public Financial Fund ESTABLISHMENT:1992 OWNERSHIP:100% Republic of Slovenia

3. PURPOSE OF THE OPERATION

4. PROVIDING COMPREHENSIVE FINANCIAL ASSISTANCE THROUGHT THREE COORDINATES  Financial support for SMEs by life cycle stages /coordinate one/  Financial products /coordinate two/  Purpose of financing /coordinate three/

5. PRODUCTS BY TARGET GROUPS ADAPTED TO THE STAGES OF THE LIFE CYCLE + SEF TWIN 5% 8%8% 8%8% 2%2% 2%2% 80%

6. FINANCIAL SUPPORT FOR SME-S SHARE OF SUPPORTED ENTERPRISES  ca 100 mio EUR/annual  ca 700 supported project /year  ca 100 mio EUR/annual  ca 700 supported project /year SME 5+ (enterprises older than 5 years) Young enterprises (enterprises younger than 5 years) 10% start ups ANNUAL SUPPORT

7. RESULTS 2015 3,7 mio EUR 1,2 mio EUR 5,7 mio EUR 5,0 mio EUR 64,4 mio EUR ∑ca 80,0 mio EUR/655 com/ 19,9 mio EUR for young enterprises/262 com/

8. MACRO ECONOMIC EFFECTS 2004 – 2014 + 1,7 jobs/company in three years + 14% increased value added per employee after three years 7.300 new jobs 88.000 saved jobs from 33.000 EUR/employee to 37.700 EUR/employee  400 new established enterprises, 87% survival rate  Newly established enterprises created 1.624 new jobs  755 innovative projects  4 active venture capital enterprises in public-private partnership  active start-up ecosystem (start up schools, start-up mentors with appropriate references)  cca 25% of bank loans with SEF‘s guarantee is granted to young enterprises  400 new established enterprises, 87% survival rate  Newly established enterprises created 1.624 new jobs  755 innovative projects  4 active venture capital enterprises in public-private partnership  active start-up ecosystem (start up schools, start-up mentors with appropriate references)  cca 25% of bank loans with SEF‘s guarantee is granted to young enterprises

9. PAN ALPE INNOVATION FUND The Idea

10. The current situation in CEE Region in the entrepreneurial sector : low share of SMEs that create high technology products and services low share of exports of finished products weak transfer of knowledge from education sector and research institutions into practice poor access to major markets underdeveloped capital markets, which would allow proper financing of high-tech enterprises

11. CONSEQUENCE:  very low share of high-tech SMEs and new young enterprises with high added value, that are prepared for globalization

12. VC - MORE THAN CAPITAL INVESTMENT In addition to capital investment into the enterprise (venture capital, mezzanine capital) venture capital funds offer:  co-responsibility for the company's growth  participation in strategic choices in terms of growth and development  assistance in all business areas (legal, financial and market positioning, …)

13. VENTURE CAPITAL 2010-2015 ZAPRT RAZPIS ! REALIZATION - 29 supported SMEs REALIZATION 2010/2015 – 29,04 mio EUR venture capital CLOSED TENDER!!! REALIZATION - 29 supported SMEs REALIZATION 2010/2015 – 29,04 mio EUR venture capital CLOSED TENDER!!! Fund of venture capital funds Venture capital companies – public private partnerships Financial Intermediaries Financial Intermediaries Financial recipients Financial recipients

14. PROPOSAL OF VENTURE CAPITAL 2016-2020 PROPOSAL PAN ALPE INNOVATION FUND

15. PAN ALPE INNOVATION FUND – The idea Background Seed and venture capital market in the target countries is still underdeveloped in comparison to the most developed countries Activities for promoting the venture capital have been started – but this is only the beginning First results of this activities are shown but cannot be compared to the most developed countries on the field of Venture Capital

16. PAN ALPE INNOVATION FUND – The idea /not national but crossborder Fund/

17. PAN ALPE INNOVATION FUND – The idea

18. PAN ALPE INNOVATION FUND – The idea Investment strategy APPROPIRATE FINANCIAL RESOURCES APPROPIRATE FINANCIAL RESOURCES

19. PAN ALPE INNOVATION FUND  To create healthy and sustainable further private equity and venture capital market development as the domestic high –tech in selected countries in Pan Alpe Region  To increase the level of equity investment and the accessibility of private equity and venture capital for SMEs with high growth potential in this region  To establish a market-based infrastructure in this region  To stimulate the growth of employment levels and economic competitiveness of the selected states in the region  To generate positive returns to investors in PAIF  Creating good entry conditions for private investors  To attract professional (foreign) investors and investment managers to the region  Improving or creating a common business infrastructure and start-up ecosystem in participating countries!!!!!!!

20.  Preparation of the draft paper regarding the establis hment of the cross border FoF  Making contact with interested parties  Workshop with all potential participating financial in stitutions - September 2015, Vienna: Determination of further steps and time dynamics PAN ALPE INNOVATION FUND – The idea Actions to date and further activities

21. THANK YOU FOR YOUR ATTENTION!