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20150226 ppm oost

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20150226 ppm oost

  1. 1. Life Sciences Starters “The Financial Challenge” Pieter Rhemrev – PPM Oost February 26, 2015
  2. 2. The Challenge
  3. 3. The financial challenge • Why? • Subject of today!
  4. 4. Agenda 1. Brief introduction of PPM Oost NV 2. The main subject: The financial Challenge 3. Lessons Learned 4. Questions & Summary
  5. 5. Introduction PPM Oost • Regional venture capital fund • Private fund, Public funding • Public shareholders • Revolving fund • Matching fund • Minority interest • Standard VC conditions & terms • Active shareholder • Positive impact on regional economy • Market returns (exit driven) • Maximum € 2,5 mio
  6. 6. Shareholders
  7. 7. Our motivation
  8. 8. Funds
  9. 9. Facts & figures portfolio PPM Oost
  10. 10. Figures Life Sciences & Health
  11. 11. Portfolio
  12. 12. Portfolio LS&H
  13. 13. Agenda 1. Brief introduction of PPM Oost NV 2. The main subject: The financial Challenge 3. Lessons Learned 4. Questions & Summary
  14. 14. The Financial Challenge Entrepreneurs view: • Enough funds available • Good proposition • Successful/profitable • Success rate 5%-10% Investors view: • Many fail (20/80 rule) • Difficult to make a positive ROI Conclusion: • No science/formula • People's business
  15. 15. The Financial Challenge each phase of life cycle has its own source Vouchers RedMedtech Discovery Fund Gelderland voor Innovaties Vroege fase financiering (Rvo) I.K. Informals/business angels PPM Oost Funds Family /own capital ------------------
  16. 16. Bridge the challenge Characteristics LS&H • Capital intensive • Long time to market • Severe regulations • Cost pressure • High risk Answers • Good BP • Second Opinion • Experience • Knowledge of the risks
  17. 17. Bridge the Challenge • People’s business • Confidence • Match • Understanding • Many meetings investors • Meetings experts • Improve BP • Positive drive/attitude
  18. 18. Agenda 1. Brief introduction of PPM Oost NV 2. The main subject: The financial Challenge 3. Lessons Learned 4. Questions & Summary
  19. 19. Lessons learned • More time • More money • Too optimistic/ Not realistic • No knowledge • Find investor who understand the business • Deep pockets • Scenario’s • Knowledge
  20. 20. Agenda 1. Brief introduction of PPM Oost NV 2. The main subject: The financial Challenge 3. Lessons Learned 4. Questions & Summary
  21. 21. Financing is people's business
  22. 22. Thank you for your attention

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