Il modello di sviluppo economico basato sulla piccola dimensione dell'impresa mostra delle insormontabili difficulties in international competition and the capacity for technological innovation. The paradox is that in today's society "nano" is the first element of compound words modern, from nanotechnology to nanopublishing, from nanoelectronics to nanocomputer, but applied to business changes in the endemic dwarf unable to face the new challenges of internationalization, capitalization , research and innovation.
Increasing the size of firms is an issue of real economy and first draft requires tangible and intangible investment, motivations and entrepreneurial culture of innovation. Only later implies the availability of channels that provide financial SMEs with the resources sufficient in quality and quantity to enable the growth in size. Distinguish the economic problem and financially it is useful in a historical moment in which the finance industry is likely to prevail for the simple fact that the sooner you can gain a lot in a short time, the second you can gain the right in a long time .
Recent research commissioned by the Prometeia Carisbo emerges as in Emilia-Romagna there is a problem of openness to risk capital, rather than the strength of the industrial fabric. SMEs in this region, especially those in the provinces of Bologna, Reggio Emilia and Parma, are growing faster than its competitors in both the Italian turnover that the share of exports, but still show a weakness in the financial structure.
far, the bank loan was unsuitable to support processes of innovation and change, private equity has too many hidden fears to the strategies of "way-out " chosen by the funding, the IPO has blazed a trail accessible only to mature companies. In the belief that venture capital is increasingly crucial for the growth of SMEs was born a few months ago the so-called Alternative Capital Market (MAC), an alternative trading system operated by the Italian Stock Exchange and professional investors, based on simplicity access for SMEs and a strong connection con le banche del territorio autorizzate (sponsor). Per essere “quotata” sul MAC l'impresa dovrà: essere costituita in forma di società per azioni; garantire la libera trasferibilità dei titoli avendo dematerializzato e accentrato le azioni presso il Monte Titoli; disporre dell'ultimo bilancio certificato da una società di revisione iscritta all'albo Consob; e rivolgersi ad una banca sponsor che presenterà la domanda di ammissione al MAC. La procedura richiederà un tempo massimo di sei settimane. Una volta collocata sul MAC le negoziazioni avverrano in forma d'asta telematica con periodicità settimanale. Il lotto minimo avrà un controvalore di 50 mila euro.
Perdere anche questa occasione potrebbe dare prova that the problem lies not in the technical characteristics of the instruments, but the inability of businesses to open cultural market in a transparent and reveal the real losses and gains.
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