- For innovative SMEs from their early to development stage
- Provides equity and quasi equity financing
- SMEs can obtain investments from EUR 100 000 up to EUR 2 million
- Managed by South Central Ventures
- Target fund size EUR 40 million
- Investment portfolio will include approximately 40-60 innovative SMEs in the region
What is ENIF?
The Enterprise Innovation Fund is a venture capital fund focusing on an investment portfolio consisting of innovative SMEs at various stages of business development, from the seed to expansion phase, in the Western Balkans. ENIF aims at reinforcing the financial structure of innovative SMEs resulting in a strong and bankable balance sheet.
Which SMEs can benefit from ENIF?
ENIF focuses on highly specialised, innovative SMEs in the Western Balkans (Albania, Bosnia and Herzegovina, Croatia,*, former Yugoslav Republic of Macedonia, Montenegro and Serbia).
Which type of financing does ENIF provide to SMEs?
ENIF provides equity and quasi-equity finance to stimulate and support commercially viable research in innovative SMEs
Who are the partners of ENIF?
Investors into ENIF are the European Commission (EC), the European Investment Fund (EIF), the European Bank for Reconstruction and Development (EBRD), Kreditanstalt für Wiederaufbau (KfW) together with institutional and private investors from the Western Balkans. ENIF also includes investments from the beneficiary economies of the Western Balkans.
Who is managing ENIF?
The fund is set up as an independent entity and is managed by South Central Ventures; a skilled and experienced professional team selected by EIF, which operates according to best industry practices, and complies with professional standards issued by Invest Europe (formerly the EVCA).
What investments has ENIF made?
South Central Ventures began investing in February 2016 and has thereafter built up its portfolio of companies. Details of ENIF investments as well as the investment strategy, can be found on South Central Ventures website.
The Enterprise Innovation Fund – Background
According to the 2014-2015 World Economic Forum Global Competitiveness Index, the Western Balkans regions have limited innovation and venture capital available, despite the relatively good quality of scientific research institutions and progress in the economy.
Equity investment instruments can address these shortcomings to some extent and aim to set the basis for further development of these companies.
For more information please visit www.sc-ventures.com
To get in touch with the investment team please write to email@example.com