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4 Amendments of Eva MAYDELL related to 2022/2063(INI)

Amendment 45 #
Christian EHLER, Sara SKYTTEDAL, Hildegard BENTELE, Cristian-Silviu BUŞOI, Ioan-Rareş BOGDAN, Eva MAYDELL, Pernille WEISS, Marian-Jean MARINESCU, Jerzy BUZEK, Henna VIRKKUNEN, Markus PIEPER, Maria da Graça CARVALHO
Motion for a resolution
Paragraph -1 (new)
-1. Is dismayed by the delays in the implementation of the blended finance actions under the Accelerator. Emphasises that the delays were completely and only the result of conflicts between different Directorates General of the European Commission about the management of the EIC Fund. Notes in this regard that the projects had been selected and that both the EIB and Investment Committee were ready to process the equity parts of the projects. Notes that conflicts only concerned the equity part of the project and should therefore not have affected the grant agreements. Deplores these internal Commission conflicts put at risk 96 European deep-tech companies. Welcomes that in late June 2022 the Commission seem to have been able to start moving forward with the implementation of these projects. Is dismayed that 51 beneficiaries selected following the October 2021 cut-off were informed in August 2022 that the Commission was not able sign their grant agreement in summer 2022 and that the Commission now hoped to sign in October 2022. Strongly condemns these intolerable delays leading to a time-to-grant of 12 months. Deeply concerned that, except for one exceptional Investment Decision, no decisions for actual investments have been taken by the EIC Fund. Notes that only in the summer of 2022 the Commisison started signing term sheets for beneficiaries selected in 2021 and that most will be signed after summer;1a _________________ 1a https://eic.ec.europa.eu/news/eic- accelerator-implementation-update-2022- 08-05_en
2022/09/09
Committee: ITRE
Amendment 46 #
Christian EHLER, Sara SKYTTEDAL, Hildegard BENTELE, Cristian-Silviu BUŞOI, Ioan-Rareş BOGDAN, Eva MAYDELL, Pernille WEISS, Marian-Jean MARINESCU, Jerzy BUZEK, Henna VIRKKUNEN, Markus PIEPER, Maria da Graça CARVALHO
Motion for a resolution
Paragraph -1 a (new)
-1 a. Reminds that the EIC Fund is set up to support startups and SMEs developing deeptech innovations. Highlights that cash flows are crucial for startups and SMEs, and that long delays in receiving expected funding can bankrupt these kinds of companies. Emphasises therefore the importance of the EIC Fund being able to invest within market conform timeframes. Deplores the examples where the EIC Fund failed to achieve this objective and where the original investment decision of the EIC Fund was rendered irrelevant, due to the long time lag and the company’s development during that time;
2022/09/09
Committee: ITRE
Amendment 59 #
Christian EHLER, Sara SKYTTEDAL, Hildegard BENTELE, Cristian-Silviu BUŞOI, Ioan-Rareş BOGDAN, Eva MAYDELL, Pernille WEISS
Motion for a resolution
Paragraph 6
6. Notes with concern that undertil the transitional arrangement announced in the EIC 2022 work programme, substantia is in place, all Single Award Decisions and all iInvestment dDecisions need to be approved by the College of Commissioners and are thereby accompanied by another level of scrutiny; regards this as an unacceptable situationis dismayed by the prospect that, even when the external fund manager is responsible for Investment Decisions, the College will still need to approve the Single Award Decisions; regards this as an unacceptable situation because this makes the decision taking process even longer, complex and with more uncertainty for the applicants while the EIC investment decisions even without this extra layer fail to meet industry standards in terms of time or agility. Notes that this additional step also consolidates the direct involvement of the Commission rather than creating distance from the Commission in order to manage liability;
2022/09/09
Committee: ITRE
Amendment 61 #
Christian EHLER, Sara SKYTTEDAL, Hildegard BENTELE, Cristian-Silviu BUŞOI, Ioan-Rareş BOGDAN, Eva MAYDELL, Pernille WEISS
Motion for a resolution
Paragraph 6 a (new)
6 a. Notes with deep concern that even setting up the transition arrangement for the EIC Fund takes months due to continuous internal discussions between Commission services. Notes that the transition arrangement for the EIC Fund was agreed in principle within the Commission in late 2021 and incorporated in the 2022 EIC Work Programme published in February 2022 as well as finally confirmed by a Commission Decision in April 2022. Notes that in June 2022 the Commission started processing the grant components of the Accelerator projects selected in June 2021, indicating sufficient progress was made in setting up the transition arrangement of the EIC Fund to start implemented blended finance projects. Notes that for grantees selected under the June 2021 cut-off most of the grant agreements were signed in the summer of 2021. This results in a time-to-grant of more than a year. Notes that the Commission communicated in May 2022 that grant components for the October 2021 cut-off date EIC Blended Finance grantees would be finalised by the end of May or early June.1a Notes that the Commission had to inform these grantees over the summer of 2022 that the grants would not be ready by July and would likely have to wait untill October of 2022. Concludes that for this cut-off the time-to- grant will also be at least one year. Furthermore, notes that the Commission Decision confirming the details on restructuring of the EIC Fund was not take before summer 2022 and that all investment decisions of the Fund therefore still need to be approved by the College of Commissioners of the European Commission; _________________ 1a https://sciencebusiness.net/news/commissi on-says-european-innovation-council- grant-logjam-end-june
2022/09/09
Committee: ITRE
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