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Η παρουσίαση της Claire Munck, Managing Director του ΕΒΑΝ, στο ΥΕS EXECOM της Θεσσαλονίκης, Παρασκευή 25 Ιουνίου 2010

Η παρουσίαση της Claire Munck, Managing Director του ΕΒΑΝ, στο ΥΕS EXECOM της Θεσσαλονίκης, Παρασκευή 25 Ιουνίου 2010

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    EBAN Presentation EBAN Presentation Presentation Transcript

    • The role of angel investors in the promotion of entrepreneurship in Europe Claire Munck Managing Director EBAN YES ExeCom, June 2010
    • WHO ARE BUSINESS ANGELS? Business Angel: Private individual investing own wealth in early stage businesses AND own expertise and network of contacts
      • Investment 25 000 - 250 000 euro
      • Willing to share their managerial skills, specialist knowledge and networks
      • No sector preference
      • Often prefer to invest in their region of residence
      • Seeking profit, but also fun
      • Usually total investments below 15% of wealth
      • Can become involved in the business (“active Angel”) or not (“passive Angel”).
    • ANGEL BACKED COMPANIES InkSpin1 Aventiv NV (Ltd.) Michelson Diagnostics
    • ANGELS AND OTHER SOURCES OF FINANCE Capital Needs Time Seed Start-up Early Growth Sustained Growth Higher Risk Lower Risk Friends, Family & Founders Business Angels Venture Capital Funds IPO 0
      • Angels help fill the ‘Equity Gap’
      Early stage and seed venture funds
    • WHY DO WE NEED MORE BUSINESS ANGELS? Source: EVCA Year Book 2009 Stage distribution of investments per year >Different amounts invested >Complementary roles
    • WHAT BUSINESS ANGELS LOOK FOR
      • Current & comprehensive Business Plan
      • Proven market - USP
      • High growth / scalable / strong business forecast (5m€/3yrs)
      • Intellectual property protection
      • Realistic pre-money valuation
      • Exit strategy
      • BUT Entrepreneur’s qualities are most important i.e. strong and committed management team
    • THE CONTRIBUTION OF BUSINESS ANGELS
      • 2 wings: capital + mentoring/coaching
      • Invest early – take a higher risk
      • Invest in different sectors
      • More flexible and reactive than other investors
      • BA give access to networks and new potential customers
      • BA acts as an ambassador for the business = credibility
      • Easier to raise follow-on funding
    • TRENDS IN EUROPE Average amount of the deal in 2008: 200.000€ 2008 Europe 2010-2013 Networks 334 For profit 31% Estimate n of angels and private investors 75k Investment per round 207k€ Total estimate invested annually 4 billion€ 2008 Europe 2010-2013 Networks 334 For profit 31% Estimate n of angels and private investors 75k Investment per round 207k€ Total estimate invested annually 4 billion€
    • SECTORS OF INVESTMENT ICT & Software still dominating sectors – Clean tech and health « hot » sectors
    • THE IMPACT OF THE CRISIS
      • Equity gap is widening
      • Increased dealflow – better valuations
      • Angels have continued to invest – role of providers of capital AND knowledge/experience valorized
      • Intermediaries impacted
    • WHAT POLICY MAKERS CAN DO
      • Awareness campaigns
      • Support to the creation of business angel networks
      • Support the creation of a national federation
      • Investment and investor readiness programmes
      • Public-private co-investment funds
      • Fiscal incentives
      >To be carried out with the support of stakeholders i.e. business and entrepreneur organisations
    • DELIVERING VALUE TO OUR MEMBERS Business angel networks Federations of networks Individual angels Associate members Over 100 member organisations – Representing 300 BANs – 28 countries Seed funds
      • ICT SMEs currently receiving FP support for R&D
      • Post proof of concept / pre-commercial
      • SME mapping, selection, coaching, investment readiness
      • SME« plugging » into investment events
      • ICT Investor mapping and sustainable network
      • www.access-ict.eu ; www.ict-finance-marketplace.eu
    • EARLY STAGE INVESTING: AN ASSET CLASS 9 th Winter University hosted by Sophia Business Angels 18/19 November 2010, French Riviera Making your first investments to exit strategies Investing local and thinking global Collaborating with other investors European and international experts and practitioners BAN/Seed fund managers/Investors/Incubator managers, etc Networking, learning opportunities www.eban.org
    • CONTACT DETAILS EBAN Secretariat +32 2 626 20 60 www.eban.org Thank you for your attention!