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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 Presentation Transcript

  • 1. The role of angel investors in the promotion of entrepreneurship in Europe Claire Munck Managing Director EBAN YES ExeCom, June 2010
  • 2. 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”).
  • 3. ANGEL BACKED COMPANIES InkSpin1 Aventiv NV (Ltd.) Michelson Diagnostics
  • 4. 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
  • 5. WHY DO WE NEED MORE BUSINESS ANGELS? Source: EVCA Year Book 2009 Stage distribution of investments per year >Different amounts invested >Complementary roles
  • 6. 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
  • 7. 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
  • 8. 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€
  • 9. SECTORS OF INVESTMENT ICT & Software still dominating sectors – Clean tech and health « hot » sectors
  • 10. 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
  • 11. 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
  • 12. 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
  • 13.
    • 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
  • 14. 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
  • 15. CONTACT DETAILS EBAN Secretariat +32 2 626 20 60 www.eban.org Thank you for your attention!