SEED-REG Project

Objectives

The overall objective of the project is to strengthen economic and social cohesion in the Community by facilitating regional development through the introduction and integration of specific financial engineering policies and instruments into regional development or regional innovation strategies. The project has the long-term aim of assisting the participating regions to develop concerted policies and actions through the creation of specific policy instruments for the enhancement and support of innovative enterprises. More specifically, the project will utilize information exchange and sharing of knowledge and know-how between the participating regions with the final aim of designing particular early-stage financing models/policies to influence policy making authorities and organizations to integrate these policies into regional development strategies. As a sub-objective, the project will examine/determine the feasibility of seed capital fund establishment in the participating regions.

Project aims:

• promoting economic development in the region by providing the base for the establishment of enterprise financing means
• promoting social cohesion in the region and the Community by introducing specific policies aiming at regional development
• promoting enterprise development in the region, - promoting the establishment of seed capital fund in the region
• promoting an effective utilization of interregional cooperation
• promoting the design and development of initiatives concerned with enterprise financing
• promoting the introduction of specific policies addressing enterprise financing needs and possibilities.