The aim of this course is to provide students with a framework of key currently available innovative finance tools to support growth for traditional and quality SMEs. In particular, since the credit crunch triggered by the 2008 crisis has led to a sharp contraction of traditional bank financing to support the production system (especially about medium and long-term needs for the SMEs), it is of fundamental importance to improve the knowledge about alternative sources of financing the SMEs system.
Basic knowledge of economics and business.
Subsidized financing is represented by any instrument that the legislator makes available to companies to obtain a "competitive advantage", which can be expressed in economic terms by restructuring or relaunching the company on the market. In particular, "subsidized financing" means the set of legal interventions that typically need to finance investment and business development activities. The course program will be focused attention on the following points. 1) The type of investment eligible (widespread interventions and targeted interventions); 2) sources for subsidized financing (Community, national, regional, other private and public); 3) the criteria for identifying beneficiaries; 4) the role of enterprise's economic independence; 5) providers; 6) types of intervention; 7) facilitation procedures and 8) innovative start-ups.
La crescita delle Pmi attraverso gli strumenti di finanza innovativa. Mini Bond, cambiali finanziarie, Aim, Progetto Elite, Spac, incentivi allo sviluppo, AA.VV. , pp. 256, Franco Angeli editore., 2014.
The course will take place in different ways in its two parts. In the first part, frontal lessons will be taken to provide students with the knowledge of the subject; public and / or private consultants will be invited to present their experiences. In the second part, starting from a business idea, students will be involved in the development of a financing project that will require an eligible investment type and a business plan.
Continuous verification checks of acquired knowledge will be carried out in the second part of the course where the projects (singles or in groups) will be discussed with the students. The final exam, for attending students, will be composed of a PowerPoint presentation of the project and its discussion. For non-attending students, the final exam will consist of an oral exam based on the contents of the reference book