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 Eastern European regions lagging behind Northern and Western European regions in terms of AF volume (total and per capita). To bridge this gap, AItfinator will facilitate the transfer of best practices from more advanced to less advanced markets.
We will design, develop and implement a Matchmaking tool for SMEs and startups looking for alternative financing. It will match SMEs and AF providers basing on: type of funding, country, range of investment, enterprise development stage. Moreover, it will provide an overview of platforms (reward crowdfunding, etc.) and traditional AF providers (venture debt, etc.) in the EU.
At the national level, Altfinator will also 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.
To implement the strategy, Altfinator will develop a set of resources providing insights on success stories of SMEs using alternative financing, AF regulatory frameworks, an overview of the current situation of financial technologies, and much more.
For more information on Altfinator check out the project website https://www.altfinator.eu/ !