The EaP DISC Capital design and action plan have been initiated, based on the results of the earlier finalised EU4Digital study on “Market Assessment for Digital Innovation and Scale-up Initiative (DISC) in Eastern Partner countries”.
The conclusions of the study confirmed the existing financing gaps for high tech start-ups and provided high-level recommendations for setting up a financial support facility and associated support programmes in the region.
From the legal perspective it is planned that EaP DISC Capital will operate as an asset management company with an international administration board. From the financial side, the unified venture fund should be established under asset management company umbrella.
Considering the fund’s regional approach, the challenge is to set up a clear criteria of business ideas and start-up’s evaluation, as well as the rules of centralised decisionmaking for investments.
In parallel to EaP DISC Capital design, EU4Digital is preparing a guidebook with recommendations for ICT entrepreneurial ecosystems capacity building in the areas of access to knowledge, capital and market.
The EaP DISC Capital design and ICT entrepreneurial ecosystem support guidebook are being designed in line with the proposal for the long-term policy objectives of the Eastern Partnership beyond 2020, in which the European Commission highlighted its plans to support the scaling up of highly innovative digital start-ups and scale-ups in the region through the extension of the Digital Innovation and Scale-up Initiative (DISC) to the Eastern Partner countries.