Global Grants ProjectGlobal Grants Project“SATURNO” “SATURNO”

To promote and develop entrepreneurship To promote and develop entrepreneurship in Lombardia through a network systemin Lombardia through a network system

Anna Soru

Formaper

Features of the projectTerritorial area of intervention

Lombardia

General purpose

Initiatives aimed at developing and reinforcing entrepreneurship

Lead Organisation

Camera di Commercio of Milano

Partnership The system of Camere di Commercio in Lombardia (Unioncamere Lombardia, 11 Camere di commercio, their training agencies and the regional network of information desks on entrepreneurship (PNI)

Network 41 Entrepreneur Associations and 1 University

Total amount 20 millions €

Target groups, actions and instruments

Target groups Actions Instruments and financial support (€)

New and will be entrepreneurs and

self employed

Counselling to draft a

business plan.

Vouchers (1 million)

New enterprises Mentoring and counselling

Vouchers (1,5 millions)

Projects (2,8 millions)

Grants (10 millions )

Entrepreneurs succession

Mentoring and counselling

Vouchers (0,6 millions)

Projects (1,4 millions)

Instruments by targets

Will be entrepreneurs

New enterprises

Enterprises facing

succession

TOTAL Enterprises

contributions 576

Project of mentoring and counselling

881

(58 projects)

353

(25 projects)

1.234

(83 projects)

vouchers 2157

( 8.628 hours)

578

(17.340 hours)

160

(3.840 hours)

2.895

(29.808 hours)

TOTAL Enterprises

2.157 2.035 513 4.705

Innovative and success elements

• Capacity to act in the whole Lombard territory (thanks to the System of Camere di commercio and to the entrepreneurial association network)

• Two main targets: the new firms and the enterprises facing succession

• Innovation of instruments (vouchers)• The possibility to check the features of

enterprise to access to services and grants, thanks to the Camere di commercio data bases.

Problems faced

• Delay in the grants accordance

• Some renunciations to the grants

• Difficulty in finding enterprises facing succession interested in services offered

• Difficulty in selecting successfully institutions offering support services

Process beyond sustainability

• Focalize intervention on main issues of the local economy and at the same time on firm activities usually not covered by bank grants

• Selection of enterprises and selection of the Institutions offering support services

• Gradual privatization of grants directed to enterprises: from public to private loans

Focalization

• Lombardy has a large number of firms but they are very small. Main objectives for the local economic structure are firm growth, innovation and internationalization.

• Firm activities in which public intervention is more necessary (because they are not covered by private bank system) are start up, succession and innovation

• It would be important to match these above general purposes (i.e. start up of innovative firms; acquisitions of SME who risk to cease)

Selection actions

• Select the access of enterprises to assistance and counselling services, by introducing a ticket (to share expenses)

• Spread the use of vouchers as instrument helping to select services supply

• Monitor the entire process (by a third part)

From public grant to bank loan

Facilitated credit (Open call)

Public guarantee fund

Bank loans

assistance aimed at selecting and

supporting firms in the entire process

assistance aimed at selecting and

supporting firms in the entire process

Not reimbursable grants

(closed call)