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Microsoft PowerPoint - INTEQ Venture Fund MAR 15 2006
 

Microsoft PowerPoint - INTEQ Venture Fund MAR 15 2006

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    Microsoft PowerPoint - INTEQ Venture Fund MAR 15 2006 Microsoft PowerPoint - INTEQ Venture Fund MAR 15 2006 Presentation Transcript

    • INTEQ Venture Fund Seed Capital for Innovation and Technology Managed by Caribbean Development Capital Ltd (DEVCAP) – a successful Caribbean Fund Manager 1 March 16, 2006 INTEQ Venture Fund
    • What is INTEQ about? INTEQ is about innovation and technology This new fund is designed for early stage investments in technologically innovative SME We invest in small ideas that will create fast- growing businesses – New approaches – New products – New processes 2 INTEQ Venture Fund March 16, 2006
    • Innovation & entrepreneurship Innovation is the process of taking a new idea or concept and transforming it to work in the real world and realising its commercial value The importance of entrepreneurship is innovation – new ideas and new ways of doing business. 3 INTEQ Venture Fund March 16, 2006
    • We are looking for Ideas and Partnerships RV is the Present Value of expected future cash flows discounted at 15% to 20% over 5 to 15 years – depending on the economic life of the business. The RV is determine by –You, us, our Is it an innovation? technical partners and independent professional firms. What is the Realisable Value (RV)? Does the proposal meet INTEQ’s criteria? Is there commitment to a Partnership? 4 INTEQ Venture Fund March 16, 2006
    • Commercial sale of a new or improved product Ideas Commercial use of a new method of production Introduction of a new form of business organization Investments will be made in activities and products that will generate additional New uses for existing products profitability to cause a business to grow quickly New markets for existing products New distribution channels 5 March 16, 2006 INTEQ Venture Fund
    • Process improvements Product development Partnerships Productivity enhancement Innovative IT applications Investments will be made with Value chain profitability entrepreneurs who can work improvements in marketing, with us as Partners to generate packaging and distribution additional profitability to cause a business to grow quickly Application of new business service models in: health education professional services 6 March 16, 2006 INTEQ Venture Fund
    • Size of investments Initially: US$ 5,000 to US$ 50,000 7 March 16, 2006 INTEQ Venture Fund
    • Follow-on DEVCAP provides Investment equity investment for expansion for successful early-stage projects 8 March 16, 2006 INTEQ Venture Fund
    • The INTEQ business model INTEQ makes investments in order to maximise its overall portfolio return so that the Fund can be expanded to generate an adequate return to its investors CRITERIA 1. Realisable value of the innovation 2. Entrepreneurship Decisions are made by 3. Sound planning and an Investment execution skills Committee based on thorough assessments 4. Probability of success by professional staff 5. Expected returns and consultants 9 INTEQ Venture Fund March 16, 2006
    • How it works In most cases, INTEQ will have 50/50 partnerships but could invest more than 50% of required seed capital - up to a maximum shareholding of US$ 50,000 In general, INTEQ will want 15% to 50% ownership for investing 15% to 67% of required seed capital 10 INTEQ Venture Fund March 16, 2006
    • Growing of a business idea Our technical partners help us evaluate innovation and technology and determine technical feasibility SME DevNet Ltd will co-ordinate and facilitate Business Development Services and Technical Services through a network of related service providers, resource agencies and private sector business associations to assist in developing and commercialising 11 INTEQ Venture Fund March 16, 2006
    • IICA Agro-industry Technical CDE Partners Tourism & Manufacturing EDF Micro-enterprises in the INTEQ will work closely with OECS technical Partners in enterprise development, CARIRI Consultants, specialist agencies and private sector associations Other regional and international agencies 12 March 16, 2006 INTEQ Venture Fund
    • SME DevNet was established to Caribbean SME operate as a small private Development sector development bank that Network Ltd will provide, co-ordinate and facilitate Business Development Services and Technical Services through a network of related service providers, resource agencies and private sector business associations 13 March 16, 2006 INTEQ Venture Fund
    • OECS Countries Guyana Suriname Investments will be made in Barbados Southern and Eastern Caribbean countries Trinidad and Tobago 14 March 16, 2006 INTEQ Venture Fund
    • Fund Information Current Fund size: US$ 500,000 Maximum investment: US$ 50,000 Clientele: Companies with assets less than US$ 400,000 at inception 15 INTEQ Venture Fund March 16, 2006
    • Investors Caribbean SME Development Network Ltd - US$ 150,000 Caribbean Development Capital Ltd (DEVCAP) - Convertible Debt, Ordinary & Preference Shares - US$ 350,000 16 INTEQ Venture Fund March 16, 2006
    • Contacting INTEQ Personal references must be provided to INTEQ by a licensed financial institution or a professional legal or accounting firm in public practice or from an authorised government agency or official (This is a legal requirement) A brief outline of your innovation describing how it will be implemented and why it will be profitable – with any information you wish to share Do not provide data you regard as proprietary unless you have previously discussed this with INTEQ (This is to protect the confidentiality of your information) 17 INTEQ Venture Fund March 16, 2006
    • Management Gillian Golah – General Manager, Caribbean Development Capital Ltd (DEVCAP) – 868-625-5104 – ggolah@dflcaribbean.com Wendy Kerry – Business Development Manager – SME DevNet Ltd – at 868-625-0007 – wkerry@dflcaribbean.com 18 INTEQ Venture Fund March 16, 2006