A joint-venture is an agreement between two partners from different countries and which consists of the creation or the joint acquisition of a joint venture on the market of the foreign partner. This co-operation is considered on the long-term. In other words, a joint venture is a group in which at least two people or two companies join forces according to various methods with the aim of carrying out a particular joint project. By gathering, the two or more companies share their knowledge and competences (technical, commercial, managerial), their technologies and their resources (financial means and human) for thus achieving goals which they could not reach if they were alone; and divide management, control, the risks and the profits associated with this common structure. The joint ventures often have a limited life span. If the alliance has problems, it can happen that shareholders want to leave the joint undertaking and that can cause tensions and conflicts. Therefore it is important to envisage the status of the joint venture and some procedures of exit for each party.
[...] If the export business wanted to create a local structure in a third country where the joint venture is active commercially, it then becomes a potential competitor of the joint venture whereas it is still the partner. II) The different financings of Joint Ventures Because joint venture financing can take so many different forms, generalization is difficult. What is important in one project may be unimportant to another. For each project, the primary factors determining financial structure will be the needs and interests of the coventurers. However, the nature of the industry and the tax and regulatory environment in which the industry operates will also influence the way the venture is structured and financed. [...]
[...] The Asia-Invest program is also un charge of business to business match- making events and activities, and of market research activities. Med-Invest The purpose of this programme is to promote, in Mediterranean third countries, a favourable environment for the development of SMEs and for an increase in their competitiveness. Started in 1993, MED-Invest applies the Community's experience by organizing the transfer of know-how that helps with the development of SMEs and the start-up of new businesses. The programme thereby alleviates the isolation and strengthens the capabilities of local businessmen who are presently lacking the human and financial resources to modernize their businesses and develop new products. [...]
[...] - The phase of technical support aims at strengthening the human resources of the existing joint ventures by the transfer of the technologies and by the formation. The financial contribution of the Commission depends on the phase where the Joint-Venture is at, and on the type of agreement. Statistics and datas Statistics concerning Joint European Ventures : This program exists since 1997. In projects were accepted and in 1999, it rose up to 65. As regards the country of origin of the participating companies, in 2000 the French companies are the most numerous, followed by those of the United Kingdom, Belgium and Spain. [...]
[...] The scheme will also provide overall cover for up to 10% of investment in fixed assets. Asia-Invest Asia-Invest was launched in 1998 and aims to promote the internationalisation of European and Asian small and medium-sized enterprises (SMEs). This program is based on a foster of the climate of investment and on the granting in helping SMEs among European and Asian business. It helps SMEs in the research of partners and provides information on these partners, markets and investments. They have capacity-building and co-operation facilitation activities, with an instrument called Business Priming Fund. [...]
[...] Data from the Account of the Commission: III) Example of a company Eurotek's exemple Eurotek Company was set up in 1990 in St Louis and was at the beginning, engineering and design department specialized in chemistry and pharmacy. It is in 1993 that the company moved to the waste processing and gets launched on the production and the commercialisation of biodegradable products with German, Switzerland and Italian partners. It is in this context that the idea of a JEV came out. In an interview carried out in September 2000 by Ursula Gori-Kaminski, the manager of Eurotek answered various questions that every company can face concerning the access of a financing and how to seek the funds. [...]
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