9 Amendments of Jürgen CREUTZMANN related to 2011/0402(CNS)
Amendment 311 #
Proposal for a decision
Annex 1 – point 1 – point 1.3 – paragraph 2
Annex 1 – point 1 – point 1.3 – paragraph 2
In accordance with Article 18 of Horizon 2020, dedicated measures as set out in the specific objective ‘Innovation in SMEs’ (dedicated SME instrument) shall be applied in the specific objective ‘Leadership in enabling and industrial technologies’ and Part III ‘Societal challenges’. This integrated approach is expected to lead to around 15 % of their total combined budgets goAt least 20% of the total combined budget for the specific objective on 'Leadership in enabling and industrial technologies' and the priority 'Societal challenges' shall be used withing tohe SMEs instrument.
Amendment 377 #
Proposal for a decision
Annex 1 – point 4 – paragraph 7 a (new)
Annex 1 – point 4 – paragraph 7 a (new)
The Commission should provide a single source of funding except if there is a clear agreement between the Commission and Member States to provide sufficient budget for joint funding of a specific initiative.
Amendment 548 #
Proposal for a decision
Annex 1 – section 2 – point 2 – point 2.2 – paragraph 1
Annex 1 – section 2 – point 2 – point 2.2 – paragraph 1
The Equity facility will focus on early- stage venture capital funds providing venture capital and/or mezzanine capital to early-stage, individual portfolio enterprises. These enterprises may, in addition, seek debt financing from financial intermediaries implementing the Debt facility. (See Annex 1 – point 2 – point 2.3 – point b – paragraph 3 of General Regulation)Or. en
Amendment 550 #
Proposal for a decision
Annex 1 – section 2 – point 2 – point 2.2 – paragraph 2
Annex 1 – section 2 – point 2 – point 2.2 – paragraph 2
The facility will also have the possibility to make expansion and growth-stage investments in conjunction with the Equity Facility for Growth (EFG) under the Programme for the Competitiveness of Enterprises and SMEs(this includes investments in public and private funds-of- funds with a broad investor base and includes private institutional and strategic investors as well as national public and semi-public financial institutions). Or. en (See Annex 1 – point 2 – point 2.3 – point b – paragraph 7 of General Regulation)
Amendment 552 #
Proposal for a decision
Annex 1 – section 2 – point 2 – point 2.2 – paragraph 3
Annex 1 – section 2 – point 2 – point 2.2 – paragraph 3
In the latter case, the investment from the Equity Facility of Horizon 2020 shall not exceed 230% of the total EU investment except in cases of multi-stage funds, where funding from EFG and the equity facility for RDI will be provided on a pro rata basis, based on the funds' investment policy. Like the EFG, the Equity Facility shall avoid buy-out or replacement capital intended for the dismantling of an acquired enterprise. The Commission may decide to amend the 230% threshold in light of changing market conditions.
Amendment 555 #
Proposal for a decision
Annex 1 – section 2 – point 2 – point 2.3 – paragraph 1
Annex 1 – section 2 – point 2 – point 2.3 – paragraph 1
The implementation of the two facilities will be delegated to the European Investment Bank Group (EIB, EIF) and/or to other financial institutions that may be entrusted with the implementation of financial instruments in compliance with the Financial Regulation. Their design and implementation will be aligned with the general provisions for financial instruments set out in the Financial Regulation and with more specific operational requirements to be set out in Commission guidance. Equity Facility of Horizon 2020 shall be implemented as a window of a single Union equity financial instrument supporting Union enterprises' growth and R&I from the early stage (including seed) to the growth stage and financially supported by Horizon 2020 and the Programme for the Competitiveness of Enterprises and Small and Medium-sized enterprises (COSME). The Equity Facility of Horizon 2020 shall use the same delivery mechanism as the Equity Facility for Growth (EFG) to be established under COSME. Support from the Equity Facility of Horizon 2020 shall be in the form of one of the following investments: (a) directly by the European Investment Fund (EIF) or other entities entrusted with the implementation on behalf of the Commission; or (b) by public and private funds-of-funds or investment vehicles investing across borders established by the EIF or other entities entrusted with the implementation on behalf of the Commission together with private investors and/or public financial institutions. Or. en (See COSME Annex II)
Amendment 556 #
Proposal for a decision
Annex 1 – section 2 – point 2 – point 2.3 – paragraph 1 a (new)
Annex 1 – section 2 – point 2 – point 2.3 – paragraph 1 a (new)
Amendment 567 #
Proposal for a decision
Annex 1 – section 2 – point 3 – point 3.1 – paragraph 2 a (new)
Annex 1 – section 2 – point 3 – point 3.1 – paragraph 2 a (new)
The SME instrument should be centrally managed in order to ensure coherent application of rules, visibility of the Instrument and a single entry point, facilitating participation of SMEs.
Amendment 569 #
Proposal for a decision
Annex 1 – section 2 – point 3 – point 3.1 – paragraph 4
Annex 1 – section 2 – point 3 – point 3.1 – paragraph 4
The SME instrument will cover all fields of science, technology and innovation in a bottom-up approach with open calls (no predefined call topics) within a given societal challenge or enabling technology so as to leave sufficient room for all kinds of promising ideas, notably cross-sector and inter-disciplinary projects, to be funded.