Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-04-10-Speech-3-301"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2002-04-10"^^xsd:date2
dcterms:Is Part Of	lp_eu:Risk capital action plan2
dcterms:Language	"nl"^^xsd:language2
lpv:document identification number	"en.20020410.9.3-301"2
lpv:hasSubsequent	lp_eu:2002-04-10-Speech-3-3022
lpv:speaker	lp:Johannes Blokland2
lpv:spokenAs	unknown; ChristenUnie - Staatkundig Gereformeerde Parti (2002-03-18--2004-07-19)3 member; Delegation to the European Economic Area Joint Parliamentary Committee (EEA) (2002-02-07--2004-07-19)3 member; ECON (2002-01-17--2004-07-19)3 vice-chair; Delegation to the EU-Slovak Republic Joint Parliamentary Committee (2002-02-07--2004-04-30)3 co-chair; EDD (2001-01-30--2004-07-19)3 substitute; Delegation to the EU-Slovenia Joint Parliamentary Committee (2002-02-07--2002-06-30)3 member; Committee on the Environment, Public Health and Consumer Policy (2002-01-17--2004-07-19)3
lpv:translated text	"Many major technological breakthroughs were made by small-time entrepreneurs with an ingenious streak. For example, Philips invented the light bulb at home and Bill Gates started developing software from his garage. Needless to say, not every innovation is immediately accessible to the public at large. This requires courage, moral fibre, boldness and risk capital. In order to allow society to benefit from these innovations, it is important that investments be made. These promote the further development of new technology. However, many small entrepreneurs do not have these investments at their disposal or have no access to the capital market in order to obtain these resources on favourable conditions. It is therefore very important to promote access to risk capital and to remove obstructing rules. Based on the fact that, in the past few years, both supply and demand in respect of risk capital for medium-sized and small businesses have been stagnating, it can be concluded that only an approach which removes obstructions both on the supply and on the demand side will be effective. In this context, I can hardly see a case for making public funds available, if at all. It is mainly up to the Member States to provide sound legislation with regard to the way in which pension funds make the resources entrusted to them profitable. Scope to invest in risk capital must be possible under strict conditions, taking into account the risk profile of the funds. Pensions should not be put at risk as a result. In addition, Member States must ensure that incentives do not ultimately become government support. This is undesirable and does not provide incentives to the innovative and creative entrepreneur. Nor is it a solution to the substantial problem of an inadequate capital market. The incentives should therefore certainly be temporary in nature."@en1

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