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Carthage Business Angels


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Introduction of the first Business Angels Association in Tunisia, with its ecosystem and partners!

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Carthage Business Angels

  1. 1. Carthage Business Angels Ecosystem Presentation December 2015
  2. 2. Table of Contents Tunisian Context A sub-optimal Entrepreneurship System Carthage Business Angels Ecosystem
  3. 3. Tunisian Context  We are living a structural political change which cannot be dissociated from further economic reforms.  The current events provide an opportunity to develop a more transparent and effective economic governance  In January 2014, the National Constituent Assembly approved the new constitution (200/217 votes)  Fighting corruption and strengthening the rule of law are essential for economic growth and development.  The already saturated public sector and the hesitant private sector operators can’t provide immediate solutions  The local entrepreneurship ecosystem has a big role in reducing the pressure on the public sector and providing new alternatives and employment opportunities
  4. 4. Tunisian context  An educated and talented Youth  Tunisian youth (15-24 yeard old) represents 20% of the 11 million population  Despite achieving high rates of literacy (97%), Tuniia’s education sector is failing to meet the needs and asipirations of the young generation.  A strategic geographic position in the region  A wealthy african nation with a strong middle class  A dynamic and diversified economy
  5. 5. Tunisian context • A population immersed in ICT: 5 Million internet users at the end of 2014, approximately 49% of the population • ICT sector present an important potential in terms of job and wealth creation • Knowledge economy development: An opportunity to seize considering the current country assets and the important development potential • A strong capacity for innovation and a large penetration of technology based products • The ecosystem is growing with numerous entrepreneurship support initiatives and organizations. • Knowledge economy development: An opportunity to seize considering the current country assets and the important development potential
  6. 6. Table of Contents Tunisian Context A sub-optimal Entrepreneurship System Carthage Business Angels Ecosystem
  7. 7. High barriers to doing business, corruption, complex licenses, rigid labor laws, high taxes, and unfair - competition Business Registration Competition Barriers to exit Complicated procedural process (Average time of 5.5 months1) Option for entrepreneurs to operate in the informal sector (Informal sector represents more than 40% of the GDP) An unfair competition the limits the access to markets and growth potential Laws and regulations are acceptable but the problem is their application and enforcement Rules and procedures set by the law are too costly, complex and time consuming -> Dealing with bankruptcy informally
  8. 8. Ecosystem Barriers Financial Support Structures Support Strutures Neither the adequate knowledge nor expertise to make assessments of financing new projects Banks can only approve projects that correspond to the field studied Subsequent limits on spending, very little cash money at the start-up phase Public support structures are fragmented and disintegrated. A confusion between the social and economic mission An obvious lack of communication and coordination (No shared database of entrepreneurs and projects) Technology Transfer Inflexible Intellectual Property registration process
  9. 9. Ecosystem Barriers Education System Cultural issues Weak entrepreneurial culture in the universities Very heterogeneous and often unsuitable teaching contents A lack of interdisciplinary and cross-faculty collaboration A lack of a strategic approach to foster graduate entrepreneurship Misunderstanding of the market needs Education system based on implementation not in innovation Entrepreneurial activity is seen by young graduates as second-best compared with employment in the public sector, which offers more job security National Innovation Strategy An unclear vision and an absence of a formalized national innovation strategy A weak and incoherent governance
  10. 10. Comparing Startup ecosystems Mature (NYC, London..) Less Developed Vibrant Startup scene Tens of startup events every day, many international events Some events, but not widely devolopped, mostly local Role models and mentors Many people with big exits, many mentors who advice startups for free Few role models and not widely access to experienced entrepreneurs as mentors Easy access to seed and venture funding Many educated angels and many VC’s, many international Few angels and VC’s, almost all local Exit opportunities Easy access to IPO and corporate buyers Not easy Co-working spaces Many Some Accelerators & Incubators 25 + per city and leading brands like TechStars and Startup bootcamp Few, mostly local
  11. 11. Table of Contents Tunisian Context A sub-optimal Entrepreneurship System Carthage Business Angels Ecosystem
  12. 12. Partnership Incubation & acccelerator Community Policy & regulation Mentors & role models Education & Mindset Funding We start indentifying the pillars of a vibrant entrepreneurship Ecosystem…
  13. 13. We are Building the Startup ecosystem in Tunisia First Business Angels Community First Private Business Incubator Research Based Spin-off Program Business Acceleration program First private Seed Investment Fund Acquiring experience in building Startup Ecosystem
  14. 14. Last four years, we have been focusing on building basics  We designed a platform to empower entrepreneurs with various programs. It takes a 360 degree approach to providing the support that entrepreneurs need.  We have built this ecosytem with effective vehicles to turn concepts and ideas into viable business  Our ever-expanding network is the backbone to our programs. Proactive sourcing Funding Incubating & Accelerating Valuable partnerships
  15. 15.  CBA is the first Business Angels community in Tunisia.  CBA works to identify and support innovative projects.  CBA's mission is to initiate projects in the early stages and to assist them on several aspects:  Fund companies in the very early stages  Enhance the credibility of innovative projects with other investors  Coaching innovative entrepreneurs  Ensure better corporate governance  CBA is also pioneer in developing programs such as: Alternative Finance Seminar, Start’Act and Univenture. +50 Business Angels +400 Start Ups screened +15 Invested companies +10MDT Funding raised +150 Pitches session It started with the first Business Angels network
  16. 16.  CAPITALease Seed Fund is fund with projected size of 15 MDT. It invests into securities and stakes in capitals of Tunisian business companies qualifying as seed-stage Innovative Companies with a targeted average ticket of 500 KDT.  the Fund's capital will be invested for 50% at least in Innovative Companies whose activities are in science, technology, engineering, media and TIC.  CAPITALease will provide support for innovative companies in need of substantial equity capital to finance the industrial phase of their projects.  We aim to achieve a net return of 15% per year 15 MDT projected size An accelerator offering a High Quality Dealflow Experienced Managing Team Generating & screening 100 projects per year +30 Start ups to invest in We created then our Seed Investment Vehicle
  17. 17.  Wiki Start Up is the first private business incubator in Tunisia dedicated to Innovation aiming to promote a new generation of World Class Start-ups and to impact the entrepreneurial ecosystem.  Wiki Start Up supported several innovative Startups through technology transfer, mentorship and technical assistance, and easing access to funding at the early stage of the project.  Wiki Start Up strives to effectively do : proactive sourcing, valuable and sustainable partnerships, incubating and accelerating businesses to viable ones. In parallel with the first private Business Incubator +20 Incubated Start Ups +5 Implimented programs +20 Partners +50 Networking events +10 MDT funding raised
  18. 18.  UNIVENTURE© is a Business Incubation Program that covers biotechnology, health, agribusiness, energy and Media & ICT sectors.  UNIVENTURE aims to enhance research based spin-off opportunities and ignition of innovative Start-ups, through a capacity building program combined with an early stage business plan competition.  Univenture has been awarded best innovation support initiative at DOHA forum in May 2014.  UNIVENTURE was selected among different programs operating in the entrepreneurial scene in Tunisia to benefit from the support of CEED (Center for Entrepreneurship and Executive Development), +20 Awarded projects +30 000 USD in cash prizes for Laureates +500 hours of sessions delivered Awarded best economic innovation at Doha Forum +50 Mentors & Speakers A research based spin-off generation program
  19. 19.  Start’Act is a regional startup accelerator program that fosters and invests in bright and passionate entrepreneurs with cutting-edge ideas.  The program provides seed funding, strategic mentorship, a creative workspace, a multitude of perks, entrepreneurship-focused business training, and directly support startups through an expansive network of partners.  We offer a short term, high-impact program to kick-off the evolution of ideas and business plans to effective and viable business.  This intensive program aimed at supporting 10 innovative start-ups per year and will enrich Capitalease’s pipeline. +30 Dedicated experts +20 000 DT in seed funding per project 10 Startups per year +20 local & international partners +10 business networking events A Business Acceleration Program