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ALTFINATOR

Improving access by innovative SMEs to alternative forms of finance

Duration: 01/05/2018 to 30/04/2020

Project Details

Alternative financing (AF) for businesses across Europe has increased considerably in recent years, becoming an important source of finance for entrepreneurs, startups, and SMEs. However, access to AF varies considerably across Europe with Southern, Central, and Easter European regions lagging behind Northern and Western European regions in terms of AF volume (total and per capita). To bridge this gap, Altfinator will facilitate the transfer of best practices from more advanced to less advanced markets. We will design, develop and implement a capacity-building strategy for the financial ecosystem and its participants in South, Central, and Eastern European countries to improve the provision and absorption of AF.

Long term strategic objective of the project is to increase the competitiveness and growth of European innovative SMEs. The direct objective of the project is to improve innovative SMEs´ access to alternative forms of finance and absorb the potential emerging new forms (i.e., ICO/STO based on DLT) empowered by innovative financial technologies. The operational objective of the project is to design, develop and implement a capacity-building strategy to increase the capacity of the financial ecosystem and its participants in South, Central, and Eastern European countries for the provision and absorption of alternative forms of financing for SMEs.