On 28th march, the two-day meeting of high-level officials was opened at the premises of Investitionsbank Berlin by the Permanent Secretary for Economics, Technology and Women’s Issues Mrs Almuth Hartwig-Tiedt and the Chairman of the Board of Investitionsbank Berlin Mr Ulrich Kissing.
The seminar was attended by 80 political and business representatives from Germany, Poland, Sweden, Norway, Latvia, Lithuania and Estonia. Among the guests were also the vice-marshals Marek Łapiński of Lower Silesia und Jarosław Sokołowski of Lubusz and a representative of the European Commission.
During the seminar, new finance instruments developed within JOSEFIN were introduced. They are intended to increase the willingness of banks to finance both innovation and internationalisation projects of SMEs.
The combination with coaching paves the way for sustainable entrepreneurial success and reduces the risk costs.
What makes the approach special is that counter-guarantee facilities of the European Investment Fund can be utilised for the first time in individual regions.
JOSEFIN (Joint SME Finance for Innovation) ist an Initiative within the INTERREG IV B Programme and conjoins 23 partner institutions including administrations, financial institutions and business development agencies from the Baltic Sea Region.