Access to Finance
Two actions will address the need of Creative Industries for better access to finance. In many ways, SMEs from Creative Industries face an extra challenge compared to other SMEs in relation to raising funds, as their particularities are are not always taken into account. Financial institutions are often not very used to assess business plans in creative industries, and not all companies in these sectors are "investment ready".
The two actions - FAME and C-I Factor - will therefore aim at improving the access to finance for creative industries firms. They will especially work towards improving the conditions of access to finance for young innovative services start-ups, setting up specific investment readiness coaching networks and establishing an early stage European venture capital fund for creative industries. Moreover, the pilot actions will aim to set up two EU-wide integrated platforms linking "crowd and guarantee funding" with investors.