Seed funds study ppt presentation en2

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Seed funds study ppt presentation en2

  1. 1. Development of financial schemes and infrastructure to support innovation in Ukraine The European Union’s Neighbourhood Programme Development of financial schemes and infrastructure to support innovation in Ukraine Seed investments in Ukraine 2005-2010 This project is funded by A project implemented by the European Union Louis Berger SAS in consortium with Innova Europe, Aria Consult and Finlombarda
  2. 2. Development of financial schemes and infrastructure to support innovation in Ukraine Seed Fund in SME Finance environment Risk Capital Phase Venture Finance Phase Loan Finance Phase (Component 1) (Component 2) (Component 3) • Seed Finance • Business Angels Public Stock Markets: • Cross-Investments IPO’s & VC exits • Microfinance • Round Table • SME Loan • High Growth of Banks/SMEs Guarantees Innovative SME Scheme (GIF) Bank Loans & Guarantees Profitability Formal Venture Capital Funds Seed & Early Stage VCFs Business Angels  Supporting Policies Entrepreneurs, Family + Friends  Financial Instruments SME DevelopmentStage: Pre-seed Seed Start-up phase Emerging growth High Risk Low “Valley of Death” Page 2
  3. 3. Development of financial schemes and infrastructure to support innovation in Ukraine Mapping of: Seed Funds Business Angels Supporting Infrastructure10/11/2010 Louis Berger SAS Consortium Page 3
  4. 4. Development of financial schemes and infrastructure to support innovation in Ukraine Seed and venture investments in Ukraine 2005-20101. Kvazar-Micro (KM-Core)2. AVentures Capital Fund3. TechInvest4. ТехноМост (TechnoBridge)5. ABRT Venture Fund6. Ukrainian Vivex Invest LLC7. eVenture Capital Partners8. AddVenture9. IDE Group10. P&S Asset Management Ukraine Page 4
  5. 5. Development of financial schemes and infrastructure to support innovation in Ukraine Kvazar-Micro, 1990/KM Core, 2010 Info-communicative technologies, Microelectronics, Ecological and energy-saving technologies KM Techno, КМ Ware – software for agriculture, Evgeni Utkin, health protection, municipal services, President the building industry, transport and others www.kmcore.com De Novo - IT services and solutions for banks and companies, datacentre services Infogin - Internet solutions with the help of mobile phones CeLight - research, development and sales of advanced opto-electronic sub-systems, algorithms and architectures to deliver cutting edge products and services for its system partners and end-customers. The Institute of the Newest Technologies in Education (INTE) - modern facilities for learning about automation and the introduction of interactive teaching methods NSOF Connect - mobile commerce and business intelligence platform10/11/2010 Louis Berger SAS Consortium Page 5
  6. 6. Development of financial schemes and infrastructure to support innovation in Ukraine AVentures Capital Fund, 1994 IT, Telecom, Internet, clean tech, real estate companies – total more than $1bln Unitrade -national consumer electronics retail chain City.com - national chain of consumer electronics hypermarkets Melofon - retail chain of mobile electronics Universal Telecom - fixed-line telecom operator Andriy Kolodyuk, United Software Corporation - IT company founder and Softpress - publishing house Chairman of the board Inetgrid - clean energy joint venture company Trend, New City Development - commercial real estate http://www.aventurescapital.com10/11/2010 Louis Berger SAS Consortium Page 6
  7. 7. Development of financial schemes and infrastructure to support innovation in Ukraine TechInvest , 2004 High Tech, IT, Telecom, Internet companies APower Cap Technologies- nanotechnology company, main project of ROSNANO in Ukraine Security of informational telecommunications systems -developing and testing IT security soft/hardware tools Serhiy Loboyko, founder Financial Algorithmics - decision support and Chairman of the board tools for traders on FOREX http://techinvest.com.ua10/11/2010 Louis Berger SAS Consortium Page 7
  8. 8. Development of financial schemes and infrastructure to support innovation in Ukraine TechnoBridge, 2006 ІТ & Telecommunications - Investments amount: no disclosure Viewdle - Facial recognition startup Maxim Shkolnik IdeasPlanet - domain, web-sites services Address.UA - property search tool www.ideasplanet.org10/11/2010 Louis Berger SAS Consortium Page 8
  9. 9. Development of financial schemes and infrastructure to support innovation in Ukraine ABRT Venture Fund Software, internet and technology Acronis - data storage management products InvisibleCRM - a complete natural workspace Ratmir Timashev, Drimmi - games for social networks President and CEO Quintura.com - search engine that helps visually find web pages, images and video content. Veeam Software - virtual infrastructure management, innovative systems management software http://abrtfund.com10/11/2010 Louis Berger SAS Consortium Page 9
  10. 10. Development of financial schemes and infrastructure to support innovation in Ukraine Ukrainian Vivex Invest LLC, 2007 IT, Internet, new technologies, payments, distribution systems and media Global Projects - Online projects development Seepla.net - Tourism portal Thousands online trips and descriptions with pictures Mapia.com.ua - Ukrainian map business directories Access to a unique database of information about business in Kiev. Adam Wojacki, Kopeikoff - fascinating Internet-auction platform founder & CEO - A person, whose bid will be the last during a specified auction time, has the right to buy the product for a price significantly lower than market price. http://www.vivex.pl10/11/2010 Louis Berger SAS Consortium Page 10
  11. 11. Development of financial schemes and infrastructure to support innovation in Ukraine BV Capital and eVenture Capital Partners, 1995 Internet focused early stage venture capital firm General Partners: Myfab.com- e-commerce on demand Thomas Gieselmann Andreas Haug Kauf.da - online local circulars Christian Leybold Experteer.de – recruitment platform Mathias Schilling More.tv - digital TV solutions Sapato.ru – on-line shoe store Address.ua - Ukrainian realty platform www.evcpartners.com10/11/2010 Louis Berger SAS Consortium Page 11
  12. 12. Development of financial schemes and infrastructure to support innovation in Ukraine Investing fund IDE Capital, 2006 Digital communities, media services, telecoms and e-tail businessesEmploys over 150 people in Edinburgh, London,Dnepropetrovsk and ZaporizhzhyaSravni.com - online comparison shopping business Bill Dobbie,Trud.ua - job and personnel search CEOGDE.ua fast tool for comparison selection of bank products http://www.idecapital.co.uk10/11/2010 Louis Berger SAS Consortium Page 12
  13. 13. Development of financial schemes and infrastructure to support innovation in Ukraine AddVenture, 2008 IT start-ups Wi2Geo interactive hybrid navigation system that combines WiFi, WiMax, GPS and GSM methods Roomix.ru innovative home goods catalogue with a built-in online 3D room planner. You can create your own virtual room Toolwi.com innovation widget platform. You can create a widget (or Muzicon) to host on your blog or social network Kinokrug.ru combines professional social network and a bunch of useful services http://www.addventure.to10/11/2010 Louis Berger SAS Consortium Page 13
  14. 14. Development of financial schemes and infrastructure to support innovation in Ukraine P&S CAPITAL , 2006 Marketing, PR, advertising, InternetIndustria Komunikatsiy- local marketing and advertising holding:Kaffeine Communications – full-service advertising Dean MikoličIIII Rim – PR agency Founder, Managing DirectorKensu Interactive – web and multimedia agencyLead9 – mobile and interactive marketing agencyKrugom Media – media agency http://www.p-s.com/ua/equity 10/11/2010 Louis Berger SAS Consortium Page 14
  15. 15. Development of financial schemes and infrastructure to support innovation in Ukraine TA Venture Fund, 2010 B2C Internet startups in Ukraine and Eastern Europe Victoria Tigipko,Intends to raise $20mln to a portfolio of 25 projects: Director* 10 projects at an early stage with $50th - $500th and 15 projects at level «Series-A» at $500th - $2mln http://www.taventure.com *General Partner at GrowthUP Incubator, organizer IDCEE 201010/11/2010 Louis Berger SAS Consortium Page 15
  16. 16. Development of financial schemes and infrastructure to support innovation in Ukraine Donors Supporting ProgramsWorld Bank infoDev program www.infodev.orgSeedCamp – trainings and micro- financing for start-ups http://seedcamp.comUSAID/LINC - Local Investment and NationalCompetitiveness Project Investment Project Search http://linc.com.ua“Soros Fund” to Ukraine (Anti-crisisHumanitarian Program for CEE countriesSMEs): up to $25mln www.irf.ua10/11/2010 Louis Berger SAS Consortium Page 16
  17. 17. Development of financial schemes and infrastructure to support innovation in Ukraine The Association of Private Investors of Ukraine, Kiev Member of European Business Angel Network (EBAN)Igor Vlasyuk,Founder • Monthly meetings of Investors Club • Trainings for members • Catalogues of Investment proposals • Abroad missions Serhiy Desyak, UABAN President, • Legislation lobbying Director of Euroconsulting http://www.uaban.org10/11/2010 Louis Berger SAS Consortium Page 17
  18. 18. Development of financial schemes and infrastructure to support innovation in Ukraine Ukrainian Association of Private high-tech investors, Lviv Help to business angels - Information about investment opportunities - Information about venture capital market - Support in searching and negotiating Rostyslav Chayka, founder, business angel, founder of Lviv Startup Club. http://htban.org10/11/2010 Louis Berger SAS Consortium Page 18
  19. 19. Development of financial schemes and infrastructure to support innovation in Ukraine IncubatorsCenter for Innovations Development, Kyivest. in 1998 by the International Management InstituteKharkov TechnologiesCenter of Small Business Developmenthttp://www.kt.kharkov.uaIncubator «GrowthUP», Kievhttp://www.growthup.comIncubator “Startuplab”, Kharkiv,http://startuplab.com.uaIncubator “LvivStartupClab”http://startup.lviv.ua10/11/2010 Louis Berger SAS Consortium Page 19
  20. 20. Development of financial schemes and infrastructure to support innovation in Ukraine Seed Forum in Ukraine - since 2006 + the Ukrainian Chamber of Commerce and IndustryOlena Podoleva, Steinar Korsmo,Vice-President President & CEOwww.ucci.org.ua http://www.seedforum.org 10/11/2010 Louis Berger SAS Consortium Page 20
  21. 21. Development of financial schemes and infrastructure to support innovation in Ukraine Start-ups Contests “Innovative breakthrough” 2009-2010 …Lviv, Kyiv, Kherson, Kharkiv, Dnipropetrovsk… Alexander Kardakov http://www.ukrinnovation.com IDCEE 2010 in Kyiv 150 applications  3 best startups   IDCEE main stage on October 29 http://idcee.eu10/11/2010 Louis Berger SAS Consortium Page 21
  22. 22. Development of financial schemes and infrastructure to support innovation in Ukraine - Potential role of Government in Development of Seed Investments ? 1. Support: Fly and Scale, Moral, PR, Power, Taxes, Co-financing 2. Law to give to state Academy institutions power to deal with its Intellectual Property Rights (as Bayh-Dole Act) 3. To allow joint ventures between state scientific institutions and private companies 4. To establish Fund of Funds to invest up to 49% to Venture Capital funds in Ukraine 5. To develop corporate governance legislation, design new instruments, as “restricted stock”, “tag along”, “drag along”, ”reverse vesting” and others10/11/2010 Louis Berger SAS Consortium Page 22
  23. 23. Development of financial schemes and infrastructure to support innovation in Ukraine Many thanks for your attention! Our team is committed to a high level of co-operation and we looking forward to deliver jointly on Ukraine’s expectations on innovation support! A project implemented by Louis Berger SAS in consortium with Innova Europe, Aria Consult and Finlombarda10/11/2010 Louis Berger SAS Consortium Page 23

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