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  • 1. 13 Sep 2009 Italian VC Industry Venture capital advisory | MediaTech consulting
  • 2. Geographical comparison of 2008 VC investments Fonte: Eurostat, OECD, NVCA, AIFI Metric USA UK Germany Italy Population % degrees Patents (per M people) Total investment (€) Deals 306M 61,6M 82,1M 58,7M 39% 24% 25% 12% 53 27 76 12 1,29B 816M 160 258 19,1B 3929 88 115M France 64,4M 20% 39 680M 180 In 2008 Italy’s Venture Capital industry was several times smaller than other developed countries’ thus allowing for very low valuations Internet users (%) 73% 70% 65% 59% 58%
  • 3. Some Italian success stories Idea Market Exit hotel booking platform Online travel Sold to Expedia for 300M Euro job search Online classifieds private online apparel & luxury retailing eCommerce IPO in 2009 Online mortgage broker Financial services IPO in 2007 Local classifieds Community n.a. Open source mobile applications Mobile Raised $12,5M series B in 2009 Blog netwotk Media Sold to Sole24Ore for 5M Euro Blog netwotk Media Sold to RCS for 5M Euro
  • 4. Assets under management grow at 60% CAGR… * The chart above assumes total assets under management in 2004 = 0 2008 has seen the birth of 360 Capital Pattners, Vertis, TT Venture, MPS Sici, Atlante Banca Intesa, dSeed and some others Since 2005 industry’s assets under management have been growing significantly +63% CAGR Assets under management by VC funds*
  • 5. VC investments have doubled yearly since 2006 … and invested amount follows consequently +40% CAGR
  • 6. Incubators & scientific parks are growing double digit The growth of Business Incubator and Scientific Parks is another sign of the changes occurring in the industry
    • 75% incubators are participated by universities
    • 6 incubators have 40+ tenants
    • ICT and new materials are key industries covered by scientific parks
    • 2007 showed 50 spinoff vs. 4 in 2000