Business start-ups and growth often raise the issue of financing the next stage of development. For companies considering entering the capital market, whether through a public offer of shares, the issuance of bonds or investments by venture and private capital funds, one of the biggest challenges is the assessment of their own readiness for such a step.
This is exactly the question that the program is answering. Sandbox RoadMarket, educational and simulation programme of the Croatian Financial Services Supervisory Agency (Hanfa), developed in cooperation with the Ministry of Finance.
What is Sandbox PutMarket?
Sandbox PutThe market is designed as a safe, confidential and non-binding environment in which entrepreneurs can test their willingness to finance through capital markets.
It is a program that does not replace the actual market exit process, but allows companies to get a clear insight into their current position and potential further development steps before entering demanding and often costly procedures.
What does the program allow entrepreneurs to do?
Through participation in the program, companies receive a structured and expert assessment of their readiness for various forms of financing. This includes:
- IPO (public offering and listing of shares)
- Issuance of bonds
- Financing through venture capital and private equity funds (VC/PE)
The programme enables the simulation of key elements of these processes in a controlled environment, without legal effects and regulatory obligations.
In this way, entrepreneurs can understand what awaits them in the real process and identify areas that need to be further developed.
What do companies get from participating?
One of the key values of the program is Structured diagnostic report which includes:
- Assessment of readiness for individual forms of funding
- Identification of key areas for improvement
- concrete and proportionate recommendations for the way forward;
In addition, companies have the opportunity to work with professional partners who through the program provide informational and educational support and contribute to the quality of the assessment.
What is the purpose of the program?
The purpose of the programme is to provide companies with an objective insight into their current level of readiness for financing through capital markets and to identify potential areas for further development.
In this way, companies can make informed decisions before entering into more complex and demanding processes of preparation for market financing.
In other words, it is an opportunity to answer a key question: Is now the right time to enter the capital market and what needs to be done before that?
Who is the program for?
The scheme is intended for companies considering:
- Exchange Exit (IPO)
- Issuance of bonds
- Financing through VC/PE funds
It is particularly relevant for companies that are in the growth phase and are considering expanding their business through alternative sources of financing.
More information about the program and how to apply is available here, and a detailed info leaflet for entrepreneurs download here.
