"Financial scenarios & overcoming challenges
for sustainable entrepreneurial growth"
finMED conference - Valencia, 28-29 October
ADEIT (Fundación Universidad, Empresa de la Universitat de València)
Plaza Virgen de la Paz, Valencia, Spain
Financial scenarios & overcoming challenges
for sustainable entrepreneurial growth
finMED conference, Valencia, 28-29 October
This is a hybrid event: we welcome both online and in-person participants.
The conference will be held in ADEIT University-Enterprise Foundation, Valencia
The Covid-19 pandemic has dramatically reshaped the global economic environment and financial priorities exposing fragilities in the corporate and financial worlds. However, it has also provided opportunities for innovation when it comes to the utilisation of financial instruments and grants.
Indeed, financial instruments such as loans, guarantees, and equity bring with them opportunities for both public and private collaboration, paving the way to catalyse private capital into impactful investing. On the other hand, EU grants may provide the necessary support to rebuild and to implement new business models in such times of uncertainty. A combination of the abovementioned can deploy the advantages offered by both tools which stands a chance of becoming a very effective financing mechanism for the recovery plan of European regions, SMEs, and entrepreneurs. That, however, is only part of the picture. There is another category of investing beyond traditional investments that is becoming increasingly accessible to all types of investors and industry professionals, especially to entrepreneurs and regional practitioners. It remains, nonetheless, unknown for most of them.
After the previous edition of Agorada+ in 2020, this high-level international conference, combined with the capitalisation of the finMED INTERREG MED project, aims to be a forum where regional development practitioners and finance experts will be able to exchange good practices, transfer knowledge, and discuss innovative measures and financial instruments for bringing an economy heavily damaged by the undesirable effects of the pandemic up to speed again and guaranteeing sustainable, long-term corporate growth.
STRUCTURE OF THE EVENT
AGORADA+ 2021 is structured as a two-day conference. The event will be held on-site in the city of Valencia and is organised collaboratively by IVACE, Foro ADR, and EURADA. AGORADA+ 2021 is currently combined with the finMED Conference, a key activity in the capitalisation plan of the project. The outline of the two days discussion will be:
European programs and initiatives to support financial instruments
The first day of the event will be dedicated to identifying potential sources of funding for impact investments. On the morning of Thursday the 28th of October, an overall view of the European support framework will be given, bolstered by presentations discussing examples and best practices already tested by regional practitioners via a series of discussion panels. In the afternoon, through several parallel workshops, regional and local experts will discuss on new funding modalities, their frameworks, introducing new concepts such as “blending”, and giving proof of their effectivity through diverse rooms of discussion where examples of their application will be illustrated.
Sustainable Finance: towards the green and digital transition
The second day of the event is dedicated to analysing the demand of impact finance; examples of social innovation and green transition finance are showcased. On the morning of Friday the 29th of October, the discussion will be focused on the importance of the green transition and social innovation that are considered the backbone of EU's recovery from the coronavirus crisis and to create a competitive and sustainable climate-neutral economy.
The conference is open to any interested local and regional expert. We are organising this first hybrid conference for the first time after the lockdown, and you will be able to follow it online or directly in Valencia. Over 200 practitioners of regional economic development are expected.
Most of the participants are experts from European regional and innovation development agencies. The participation of sectorial experts, companies, policy makers, and other relevant regional stakeholders is expected: in other words, those seeking to establish closer links with principal actors of economic development such as financial intermediaries, clusters, innovation hubs, industrial associations, investors, business angels, crowdfunding platforms, and others.
SCOPE OF THE EVENT
The session provides an overview of impact funding practices outside Europe. It is useful to see how faced with similar problems, diverse solutions are implemented and produce valuable results. The objective is to learn from other territories, through a quick comparison of these solutions, to apply measures with proven reliability that are useful for the design of initiatives by regional development agencies.
During the session, three questions will be asked, which each of the panellists will answer in turn as follows:
Financial Gaps: To understand the context of each of the countries, the needs posed by investments in sustainability and/or social innovation will be described.
Project evaluation: In the current context it is difficult to have reliable data to evaluate investment projects. Moreover, this area may require specific mechanisms because impact financing includes actions with a higher risk and expected returns with a longer payback period. In this second question, possible mechanisms are analysed to provide methodologies adapted to impact investment.
Sources of financing: There is an untapped potential that should be mobilised. We seek to find out what other sources of financing are possible and what are the best mechanisms for mobilising additional resources for the projects.
The session provides an exchange and spread information to identify and promote best practices. The moderator will ask the questions successively to the panellists, and they will answer each question to facilitate the comparison. In this way, a benchmarking between the different countries is achieved. The session provides an overview to identify the key characteristics deployed in each territory