decis ec european parliament council juli amend council decis ec multiannu programm enterpris entrepreneurship small medium size enterpris sme text eea relev european parliament council european union regard treati establish european commun articl thereof regard propos commiss regard opinion european econom social committe consult committe region act accord procedur laid articl treati novemb commiss adopt decis ec approv support mechan creation transnat joint ventur sme commun etf start facil joint european ventur jev programm sme guarante facil measur provid council decis ec measur financi assist innov job creat small medium size enterpris sme growth employ initi multiannu programm set decis ec aim improv financi environ busi improv function etf start facil amend sme guarante facil regard jev benefit undertak plan enter transnat partnership commit effect decemb decis ec purpos etf start facil jev programm sme guarante facil effici address market failur access sme risk capit enhanc particip privat public actor aim reach distribut rate point iv annex ii decis ec experi shown jev programm simplifi order enabl sme request financi contribut dealt quickli financi intermediari commiss depart ensur commun resourc correctli state commiss examin possibl adapt elig criteria order respond effect sme regard cross border invest includ applic state octob european parliament adopt resolut report commiss european parliament council growth employ initi measur financi assist innov job creat small medium size enterpris sme note jev programm current form longer commiss evalu growth employ initi conclud jev programm market low job creation effect limit administr cost high jev phase reason cost effici commun withdraw progress programm involv micro manag small amount monei case project financ jev programm care analysi conclud substanti simplif jev programm substanti chang structur elig criteria programm chang natur scope legal basi decis ec remain commit budget budget project involv access countri candid countri budget jev programm commit basi framework agreement sign financi intermediari jev network creat direct legal relationship commiss intermediari replac exist framework agreement direct legal agreement commiss sme programm result simplif improv protect financi interest commun minor procedur lose remain commit budget deem insuffici ensur jev programm perform significantli remain commit budget project involv access countri candid countri budget commit growth employ initi reserv exclus state member european union european econom area provid decis ec phase european transnat joint ventur programm european commun invest partner ecip develop countri asia latin america mediterranean region south africa alamedsa countri programm promot sme joint ventur joint agreement jop central eastern european countri ceec independ state ni financi intermediari jev network scale ceas activ low volum jev applic sme result major member state realiti longer appli particip programm view clear conclus evalu consid propos replac jev programm similar phase jev programm affect right oblig commun financi intermediari beneficiari sme relat approv project observ legitim expect financi intermediari allow present applic financi contribut sme period decis adopt octob european parliament adopt resolut entrepreneurship europ call establish system allow improv access small micro enterpris european invest bank european invest fund fund invest technolog invest link train purpos promot innov research develop entrepreneurship sme request barcelona council environ favour privat sector invest research develop ventur capit encourag commiss commit reform exist multiannu programm enterpris entrepreneurship due time take account necess promot cooper enterpris busi organis support dialogu horizont sector profession organis small micro enterpris craft enterpris council novemb state member state commiss financi institut improv financi framework biotechnolog european parliament request resolut life scienc biotechnolog novemb commiss identifi overcom issu insuffici fund biotech start up ask european invest bank give favour consider follow action decis ec amend adopt decis articl decis ec amend articl replac commiss submit european parliament council annual report implement financi instrument programm similar end report final year annex amend indent point sentenc replac invest relev specialis ventur capit fund seed fund smaller fund fund oper region fund focus specif sector technolog ventur capit fund financ amp fund link research centr scienc park turn provid risk capit sme point subparagraph ad start phase defin year compani specif high technolog sector life scienc start phase year due extend pre commercialis product develop test phase characterist sector point iv subparagraph ad joint european ventur programm phase financi intermediari present applic financi contribut sme commiss decemb applic project dealt articl annex ii council decis ec measur financi assist innov job creat small medium size enterpris sme growth employ initi indent point word delet annex ii point iv delet articl decis enter forc twentieth dai public offici journal european union articl decis address member state strasbourg juli european parliament presid borrel council presid nicolaï opinion deliv june publish offici journal opinion european parliament april publish offici journal council decis juli oj oj oj decis amend act access oj oj oj