ExportingaprovenmodelInnovationFinancingApresentation.pptVIP

Approach and Volume of Innovation Financing in Germany Role of KfW Mittelstandsbank Adaptation of KfW Innovation Finance Programmesto the Russian Federation Status quo in the Russian Federation: Innovation definition focuses on hi-tech and global innovation concepts Existing promotion programmes follow that approach (hardly bankable), no SME focus Aims of corporation between Vnesheconombank and KfW Development Bank: Fostering innovation on SME level Strengthening the Russian banking sector in terms of know-how and programmes Implementing a 100 mln EUR programme for Russian banks to be onlent to SME Approach of KfW Development Bank: Adaptation of existing programmes to Russia; utilization of experiences in Germany Support in the development and anchorage of a broader innovation definition including innovative modernisation (high demand potential in Russia; bankable products possible) Establishment of cooperation with development institutions like Vnesheconombank and RosBR On-lending via eligible partner banks for risk sharing and faster market penetration (KfW-Model) Focus on SME as a sector with the most promissing growth potential Step by step approach: loan based programme followed by equity and mezzanine programmes Exporting a proven model:Innovation FinancingA presentation by KfW Development Bank Knowledge Economy Forum IX, May 5, 2010 Roland Siller First Vice President Europe and Caucasus KfW Development Bank 60 Years of KfWFinancing with a Public Mission Promotional bank of the Federal Republic of Germany Founded in 1948 as public law institutionKreditanstalt für Wiederaufbau (KfW) Shareholders: 80% Federal Republic,20% federal states Headquarters: Frankfurt am MainBranches: Berlin and Bonn Balance sheet (2009): EUR 400 billion Representative offices: about 60 offices and representations worldwide No of employees: 4,265 Best rating: AAA/Aaa/AAA Balance sheet total vs promotional banksEUR in billions (2008) Balance sheet total vs comm