Risks and capital costs: how JEREMIE fund initiative helps to create SME capital
G. Michalsky
Abstract
The paper analyses how the JEREMIE fund initiative is profitable and enhances the functioning of micro and small enterprises engaged in JEREMIE fund. Particularly profitable are aspects connected with providing these enterprises with equity capital (i.e. Business Angels, Venture Capital) as well as with the theoretical possibilities connected with reducing the financial risk by over regional institution guarantees.
