The document discusses the role of finance and investment companies in guiding capital from successful businesses and families toward growing companies. It provides examples of investments TIP has made over the years in companies across various industries. These investments have generated capital gains and dividends for shareholders, with total returns for shareholders who invested 6 or 1 year ago exceeding 50% and 200% respectively due to share price appreciation and dividends received.
This document discusses an investment group that holds stakes in 8 global leaders across various sectors. Over the past 10 years, the group has realized capital gains in about 80% of divestments. It has a market capitalization of about 60% of its portfolio's value and regularly pays a 2.5% annual dividend. The group has invested over €1.1 billion in the past decade and has demonstrated an ability to raise large funds through club deals due to its strong track record of returns. It focuses on acquiring stakes in European mid-sized companies with leadership positions and growth potential.
This document discusses entrepreneurship and technology transfer at the University of Tokyo. It provides an overview of the university's intellectual property policies, support programs for university startups, and statistics on startup formation. It also describes the university's innovation ecosystem, which includes the technology licensing office (CASTI), venture capital funds like Edge Capital and UTokyo IPC, and incubation facilities. The goal is to promote connections between university research and business applications.
The document summarizes information from the Geneva European Midcap Event 2015 presentation by TIP (Tamburi Investment Partners). It provides key figures on TIP's investments and performance over the past 10 years, including total returns significantly outperforming various indexes. TIP has invested over 1.7 billion euros in more than 10 companies with global leadership positions across various industries like technology, luxury, healthcare, and retail.
France is an attractive location for foreign investment for several reasons:
1. It has a highly skilled workforce, particularly in research and development.
2. It has well-developed infrastructure and is centrally located within Europe, providing access to the large European market.
3. Several industries such as aerospace, automotive, and agriculture are growing and have seen foreign companies establish production facilities in France.
Voima Ventures helps founders accelerate the growth of deep technology ventures into global markets. They do this by investing in science-driven innovation combined with entrepreneurial teams, and providing access to global networks and capital. Their values include integrity, teamwork, high ambition, and building growth through innovation. They collaborate closely with research institutions like VTT to generate deal flow and invest in science ventures and spinoffs.
The Go4Venture Advisers’ European Venture & Growth Equity Market Monthly Bull...CAR FOR YOU
The Go4Venture Advisers’ European Venture & Growth Equity Market Monthly Bulletin provides a summary of corporate finance activity among emerging European TMT companies:
Investments, i.e. Venture Capital (VC) and Private Equity (PE) financings, including growth equity, financing rounds with single secondaries components (recapitalisations); and
M&A Transactions where the sellers are VC and PE-backed European companies, including all majority transactions with no new investment going into the business (e.g. acquisitions, Management Buyouts (MBOs) and other buyouts).
The document discusses the role of finance and investment companies in guiding capital from successful businesses and families toward growing companies. It provides examples of investments TIP has made over the years in companies across various industries. These investments have generated capital gains and dividends for shareholders, with total returns for shareholders who invested 6 or 1 year ago exceeding 50% and 200% respectively due to share price appreciation and dividends received.
This document discusses an investment group that holds stakes in 8 global leaders across various sectors. Over the past 10 years, the group has realized capital gains in about 80% of divestments. It has a market capitalization of about 60% of its portfolio's value and regularly pays a 2.5% annual dividend. The group has invested over €1.1 billion in the past decade and has demonstrated an ability to raise large funds through club deals due to its strong track record of returns. It focuses on acquiring stakes in European mid-sized companies with leadership positions and growth potential.
This document discusses entrepreneurship and technology transfer at the University of Tokyo. It provides an overview of the university's intellectual property policies, support programs for university startups, and statistics on startup formation. It also describes the university's innovation ecosystem, which includes the technology licensing office (CASTI), venture capital funds like Edge Capital and UTokyo IPC, and incubation facilities. The goal is to promote connections between university research and business applications.
The document summarizes information from the Geneva European Midcap Event 2015 presentation by TIP (Tamburi Investment Partners). It provides key figures on TIP's investments and performance over the past 10 years, including total returns significantly outperforming various indexes. TIP has invested over 1.7 billion euros in more than 10 companies with global leadership positions across various industries like technology, luxury, healthcare, and retail.
France is an attractive location for foreign investment for several reasons:
1. It has a highly skilled workforce, particularly in research and development.
2. It has well-developed infrastructure and is centrally located within Europe, providing access to the large European market.
3. Several industries such as aerospace, automotive, and agriculture are growing and have seen foreign companies establish production facilities in France.
Voima Ventures helps founders accelerate the growth of deep technology ventures into global markets. They do this by investing in science-driven innovation combined with entrepreneurial teams, and providing access to global networks and capital. Their values include integrity, teamwork, high ambition, and building growth through innovation. They collaborate closely with research institutions like VTT to generate deal flow and invest in science ventures and spinoffs.
The Go4Venture Advisers’ European Venture & Growth Equity Market Monthly Bull...CAR FOR YOU
The Go4Venture Advisers’ European Venture & Growth Equity Market Monthly Bulletin provides a summary of corporate finance activity among emerging European TMT companies:
Investments, i.e. Venture Capital (VC) and Private Equity (PE) financings, including growth equity, financing rounds with single secondaries components (recapitalisations); and
M&A Transactions where the sellers are VC and PE-backed European companies, including all majority transactions with no new investment going into the business (e.g. acquisitions, Management Buyouts (MBOs) and other buyouts).
Laura Di Giulio: digiulio@apre.it
For any information on the SME Instrument and Horizon 2020 opportunities for SMEs, please contact the SME team in APRE. We provide assistance on proposal preparation, partner search and guidance on all aspects of participation in the programme.
Thank you and good luck with your Horizon 2020 proposals!
This document summarizes the challenges of technology transfer from academia to startups and large corporations. It discusses how an Israeli startup called Slender Medical was able to overcome challenges of technology transfer from the Technion university, including establishing expertise, funding, and intellectual property. It also contrasts the perspectives of startups and large corporations regarding technology transfer, noting that corporations typically want faster time to market and may not need academic involvement.
1) The document discusses the benefits of guiding capital from successful businesses and family assets to invest intelligently in growing companies, calling it one of the most beneficial jobs in the world.
2) It then provides key figures and summaries of investments, divestments, and performance of TIP (Tamburi Investment Partners) and its portfolio companies over the past years.
3) Recent investments discussed include increases in stakes in Azimut Benetti and Octo Telematics, and financial support for an Octo management buyout.
Investors Book 2021 - catalog for investors and startups that will allow them to connect in a reliable, efficient way to make ‘perfect match’.
The Investors Book 2021 was created by the Ukrainian Venture Capital and Private Equity Association (UVCA) supported by the USAID through its Competitive Economy Program in Ukraine (USAID CEP) and the Ministry of Digital Transformation of Ukraine.
Getting to know the Ukrainian venture capital market and the startup sceneAlexandra Balkova
This document provides an overview of the Ukrainian venture capital and startup scene in 2016. It finds that there were 87 deals totaling $87 million invested in 2016, a growth over previous years. The average seed stage deal size was $525k. Key sectors of interest for investors included AI, Big Data, delivery, agrotech, and fintech. Ukraine has a growing startup scene with over 3000 startups identified and strengths in IT engineering talent and lower costs compared to other countries. Barriers identified included a lack of entrepreneurial experience and focus on technical rather than business aspects.
Invest Europe, formerly the European Private Equity and Venture Capital Association (EVCA), is the association representing Europe’s private equity, venture capital and infrastructure sectors, as well as their investors. Invest Europe is the guardian of the industry’s professional standards, demanding accountability, good governance and transparency from our members.
An overview of the European venture and growth financing market in Q1 2017 based on Go4Venture’s Headline Transactions Index (HTI) http://go4venture.com/q1-2017/
The Enterprise Europe Network (EEN) is a Europe-wide network that supports small and medium sized businesses. It has over 4000 staff members across 600 offices in 55 countries. The presentation discusses the EEN consortium in England, Northern Ireland and Wales, which is funded by the European Commission and Innovate UK. The consortium includes universities, chambers of commerce, and other partners. It aims to help businesses innovate through international collaboration, commercialize ideas, access funding for R&D projects, and more. Specific support offered by the EEN includes providing information and advice, skills training, identifying collaboration opportunities and partners, and coaching/mentoring.
This document summarizes the Italian venture capital market. It notes that there were 5,415 startups in Italy in recent years, with over 1 billion Euros invested in seed and startup deals from 2002-2015. The number of investments and amount invested have increased significantly in recent years. Most early stage deals from 2015 were in ICT, industrial technologies, and life sciences. Venture capital backed companies in Italy have shown significantly higher revenue growth compared to benchmarks. The document outlines the main venture capital players and funds in Italy and provides some case studies of startups that received funding. It also describes a new website called VentureUp that aims to connect startups and entrepreneurs with venture capital investors.
Ukraine will once again showcase its IoT and innovation achievements to the world.
For the second time in a row Ukrainian Venture Capital and Private Equity Association (UVCA) together with Western NIS Enterprise Fund (WNISEF) are organizing the UA TECH Expo Zone at Consumer Electronics Show (CES) - one of the largest consumer electronics conferences, which will be held on January 9-12 in Las Vegas.
The Ukrainian Venture Capital and Private Equity Association (UVCA) and the audit and consulting company Kreston Ukraine present the “Ukraine venture capital and private equity markets 2020” annual review, which also includes data for 8 months of 2021.
According to the results of 2020, Ukrainian technology companies and their investors closed 188 deals with investors worth USD 533.5 million. About 50% of the deals are small grants (25 and 50 thousand USD) from the Ukrainian Startup Fund. For 2020—2021, it has invested USD 5.3 million in Ukrainian projects.
Just three years ago, Ukraine did not have a single unicorn among its startups. Nowadays, as many as five of them — Gitlab, Grammarly, Bitfury, People.ai, and Ring — raised USD 1.3 bln funding and dominate the global market.
In this review, we analysed the key market trends, such as “investment focus on software projects”, “increase of foreign investors in the Ukrainian market”, “growing quality of Ukrainian startups and their interest in smart money” for the first time. The key drivers and barriers to market development were identified — the respondents noted that despite the imperfect regulatory framework, the country still has enough private capital to promote the sector.
Generally, all market players are unanimous in their outlooks and are quite optimistic about further market development. According to 81% venture and 67% private equity investors surveyed, all quantitative indicators are likely to grow, and high-tech industries traditionally represent the most promising ones.
Ukrainian investors primarily point to the experience and qualification of the team (according to 94% venture and 17% private equity investors surveyed) and the market potential of the business idea (according to 82% venture and 83% private equity investors surveyed), among the key factors for investment decisions. On the other hand, when choosing an investor, startups consider their industry expertise, investment terms, and ‘smart money’ they can get.
The study results show that Ukrainian companies offer attractive, relevant, and globally competitive solutions and demonstrate sustainability and adaptability in COVID-19. Ukraine is gradually transforming from a talent and idea exporter into a big international venture capital market player.
Iurii Blavt, CIVITTA. 100500 ways startup can raise capital at early stage wi...IT Arena
Iurii-Volodymyr Blavt is Associate Partner and Head of Startups and Innovation Division at CIVITTA. Currently Iurii-Volodymyr is leading the Startups and Innovation stream within the company. Iurii is an expert in funding attraction for startups and innovative companies With more than 5 years experience in the field, Iurii has successfully helped numerous Ukrainan and foreign startups to attract funding from European Commission, USAID, Horizon 2020, EBRD, COSME, EXPO 2020 Impact Innovation Grant program and other national and international grant programs. Iurii-Volodymyr is a mentor in a few acceleration programs and is also responsible for design and delivery of startup support programs in Ukraine and abroad. Together with his team, Iurii-Volodymyr is passionate about helping innovative startups and companies to develop scalable business models, identify most promising markers, develop financial models, sales and pricing strategy, increase their investment attraction readiness and bring companies to the next level. Iurii has been involved in strategy development for UNIT.city, the first Innovation Park in Ukraine and is a representative of Altfinator Hub, which aims to facilitate access to alternative financing among Ukrainian innovative SMEs.
This document’s objective is to become a census registry of “Who’s Who” in Italy in the vital sector of high-tech start-up’s eco-system. It will identify and summarize each player: universities, incubators, accelerators, financial players, scholarship providers, domestic and international institutions and that provide support in this space.
This document provides an overview and introduction to Horizon 2020, the EU's research and innovation program. It discusses key aspects of Horizon 2020 including its goals, funding areas, participation requirements, and application process. The presentation agenda is outlined which covers topics such as eligibility, finding project partners, evaluation criteria, and how to become an expert evaluator. Evaluation criteria focus on excellence, quality of implementation, and impact. Statistics on the first 100 Horizon 2020 calls are also presented showing application volumes and success rates.
UVCA (Ukrainian Venture Capital and Private Equity Association) was established in 2014 and unites more then 35 members. The association promotes investment opportunities in Ukraine for foreign investment funds, conducts market research, lobbies laws for improving investment and business climate, implements Invest in Ukraine activity
This document provides an overview and summary of investments and mergers & acquisitions in the Ukrainian tech sector in 2018 and the first quarter of 2019. It finds that 2018 saw a record $323 million in venture capital and private equity deals, a 22% increase over 2017. However, 71% of total funding went to three global companies with R&D operations in Ukraine. Early-stage funding remained flat, with most coming from foreign investors. Recent M&A activity has focused on software development outsourcing firms. Notable 2019 deals include a $10 million investment in an IoT security company and investments in a custom software developer and fintech lending platform.
What is Ukrainian Venture Capital and Private Equity Association (UVCA) Olga Afanasyeva
Ukrainian Venture Capital and Private Equity Association (UVCA) shapes the future direction of the venture capital and private equity industry in Ukraine by promoting its investment opportunities, advocating the interests of private equity investors to policymakers, and improving the local investment and business climate.
• Established by the example of Invest Europe, UVCA currently unites almost 50 members – leaders of the international and Ukrainian investment markets: Almaz Capital, AVentures Capital, Deloitte, Digital Future, Horizon Capital, HP Tech Ventures, Intel Capital, EBRD etc. Our members invest not only capital, but also expertise and innovation, providing strong and sustainable growth to portfolio companies - from startups to established businesses.
• By building bridges between Ukrainian and global ecosystems, UVCA facilitates the motion of knowledge and capital in both directions.
• UVCA makes a constructive contribution to shaping legislation on both pan-industry and sector-specific scales that affect LPs, GPs, and their portfolio companies
• UVCA is a nonprofit organization with the head office in Kyiv, Ukraine, and members from all across Europe, USA, Ukraine etc.
Presentation Investor Day June 23rd 2016LVentureGroup
This document summarizes an investor day presentation for LVenture Group, the largest European accelerator. It outlines LVenture Group's portfolio of 40 startups, strategic goals of exit, revenue, and expansion. It highlights opportunities for investing in Italian startups, which provide competitive valuations and access to scaling rapidly in international markets. The presentation encourages investors to provide capital to support LVenture Group's investment activities, internationalization, and other projects by noting the tax relief available for investments in innovative Italian startups.
In this report we show the state of the tech ecosystem in Europe.The next goal for the European VC market is to incorporate more institutional investors as LPs. The current state of European tech ecosystem and the scale and track record obtained by European VCs will allow the industry to incorporate them as active investor in the asset class.
Tapio Koivu - VTT - Stanford - Jan 25 2010Burton Lee
VTT is a contract research organization in Finland that produces research for customers. It aims to increase competitiveness and promote new business creation. However, VTT faces challenges commercializing its research due to differences between managing research and innovation.
To address this, VTT tested an "Entrepreneur-in-Residence" model where CEOs help commercialize technologies. This was encouraging and three startups were launched. A new proposed model involves sourcing IP from universities and companies, packaging it, licensing it to funds specializing in IP investments, and potentially spinning off startups. For VTT and others to fully exploit opportunities, culture change is needed to better manage innovation versus research and take risks.
Laura Di Giulio: digiulio@apre.it
For any information on the SME Instrument and Horizon 2020 opportunities for SMEs, please contact the SME team in APRE. We provide assistance on proposal preparation, partner search and guidance on all aspects of participation in the programme.
Thank you and good luck with your Horizon 2020 proposals!
This document summarizes the challenges of technology transfer from academia to startups and large corporations. It discusses how an Israeli startup called Slender Medical was able to overcome challenges of technology transfer from the Technion university, including establishing expertise, funding, and intellectual property. It also contrasts the perspectives of startups and large corporations regarding technology transfer, noting that corporations typically want faster time to market and may not need academic involvement.
1) The document discusses the benefits of guiding capital from successful businesses and family assets to invest intelligently in growing companies, calling it one of the most beneficial jobs in the world.
2) It then provides key figures and summaries of investments, divestments, and performance of TIP (Tamburi Investment Partners) and its portfolio companies over the past years.
3) Recent investments discussed include increases in stakes in Azimut Benetti and Octo Telematics, and financial support for an Octo management buyout.
Investors Book 2021 - catalog for investors and startups that will allow them to connect in a reliable, efficient way to make ‘perfect match’.
The Investors Book 2021 was created by the Ukrainian Venture Capital and Private Equity Association (UVCA) supported by the USAID through its Competitive Economy Program in Ukraine (USAID CEP) and the Ministry of Digital Transformation of Ukraine.
Getting to know the Ukrainian venture capital market and the startup sceneAlexandra Balkova
This document provides an overview of the Ukrainian venture capital and startup scene in 2016. It finds that there were 87 deals totaling $87 million invested in 2016, a growth over previous years. The average seed stage deal size was $525k. Key sectors of interest for investors included AI, Big Data, delivery, agrotech, and fintech. Ukraine has a growing startup scene with over 3000 startups identified and strengths in IT engineering talent and lower costs compared to other countries. Barriers identified included a lack of entrepreneurial experience and focus on technical rather than business aspects.
Invest Europe, formerly the European Private Equity and Venture Capital Association (EVCA), is the association representing Europe’s private equity, venture capital and infrastructure sectors, as well as their investors. Invest Europe is the guardian of the industry’s professional standards, demanding accountability, good governance and transparency from our members.
An overview of the European venture and growth financing market in Q1 2017 based on Go4Venture’s Headline Transactions Index (HTI) http://go4venture.com/q1-2017/
The Enterprise Europe Network (EEN) is a Europe-wide network that supports small and medium sized businesses. It has over 4000 staff members across 600 offices in 55 countries. The presentation discusses the EEN consortium in England, Northern Ireland and Wales, which is funded by the European Commission and Innovate UK. The consortium includes universities, chambers of commerce, and other partners. It aims to help businesses innovate through international collaboration, commercialize ideas, access funding for R&D projects, and more. Specific support offered by the EEN includes providing information and advice, skills training, identifying collaboration opportunities and partners, and coaching/mentoring.
This document summarizes the Italian venture capital market. It notes that there were 5,415 startups in Italy in recent years, with over 1 billion Euros invested in seed and startup deals from 2002-2015. The number of investments and amount invested have increased significantly in recent years. Most early stage deals from 2015 were in ICT, industrial technologies, and life sciences. Venture capital backed companies in Italy have shown significantly higher revenue growth compared to benchmarks. The document outlines the main venture capital players and funds in Italy and provides some case studies of startups that received funding. It also describes a new website called VentureUp that aims to connect startups and entrepreneurs with venture capital investors.
Ukraine will once again showcase its IoT and innovation achievements to the world.
For the second time in a row Ukrainian Venture Capital and Private Equity Association (UVCA) together with Western NIS Enterprise Fund (WNISEF) are organizing the UA TECH Expo Zone at Consumer Electronics Show (CES) - one of the largest consumer electronics conferences, which will be held on January 9-12 in Las Vegas.
The Ukrainian Venture Capital and Private Equity Association (UVCA) and the audit and consulting company Kreston Ukraine present the “Ukraine venture capital and private equity markets 2020” annual review, which also includes data for 8 months of 2021.
According to the results of 2020, Ukrainian technology companies and their investors closed 188 deals with investors worth USD 533.5 million. About 50% of the deals are small grants (25 and 50 thousand USD) from the Ukrainian Startup Fund. For 2020—2021, it has invested USD 5.3 million in Ukrainian projects.
Just three years ago, Ukraine did not have a single unicorn among its startups. Nowadays, as many as five of them — Gitlab, Grammarly, Bitfury, People.ai, and Ring — raised USD 1.3 bln funding and dominate the global market.
In this review, we analysed the key market trends, such as “investment focus on software projects”, “increase of foreign investors in the Ukrainian market”, “growing quality of Ukrainian startups and their interest in smart money” for the first time. The key drivers and barriers to market development were identified — the respondents noted that despite the imperfect regulatory framework, the country still has enough private capital to promote the sector.
Generally, all market players are unanimous in their outlooks and are quite optimistic about further market development. According to 81% venture and 67% private equity investors surveyed, all quantitative indicators are likely to grow, and high-tech industries traditionally represent the most promising ones.
Ukrainian investors primarily point to the experience and qualification of the team (according to 94% venture and 17% private equity investors surveyed) and the market potential of the business idea (according to 82% venture and 83% private equity investors surveyed), among the key factors for investment decisions. On the other hand, when choosing an investor, startups consider their industry expertise, investment terms, and ‘smart money’ they can get.
The study results show that Ukrainian companies offer attractive, relevant, and globally competitive solutions and demonstrate sustainability and adaptability in COVID-19. Ukraine is gradually transforming from a talent and idea exporter into a big international venture capital market player.
Iurii Blavt, CIVITTA. 100500 ways startup can raise capital at early stage wi...IT Arena
Iurii-Volodymyr Blavt is Associate Partner and Head of Startups and Innovation Division at CIVITTA. Currently Iurii-Volodymyr is leading the Startups and Innovation stream within the company. Iurii is an expert in funding attraction for startups and innovative companies With more than 5 years experience in the field, Iurii has successfully helped numerous Ukrainan and foreign startups to attract funding from European Commission, USAID, Horizon 2020, EBRD, COSME, EXPO 2020 Impact Innovation Grant program and other national and international grant programs. Iurii-Volodymyr is a mentor in a few acceleration programs and is also responsible for design and delivery of startup support programs in Ukraine and abroad. Together with his team, Iurii-Volodymyr is passionate about helping innovative startups and companies to develop scalable business models, identify most promising markers, develop financial models, sales and pricing strategy, increase their investment attraction readiness and bring companies to the next level. Iurii has been involved in strategy development for UNIT.city, the first Innovation Park in Ukraine and is a representative of Altfinator Hub, which aims to facilitate access to alternative financing among Ukrainian innovative SMEs.
This document’s objective is to become a census registry of “Who’s Who” in Italy in the vital sector of high-tech start-up’s eco-system. It will identify and summarize each player: universities, incubators, accelerators, financial players, scholarship providers, domestic and international institutions and that provide support in this space.
This document provides an overview and introduction to Horizon 2020, the EU's research and innovation program. It discusses key aspects of Horizon 2020 including its goals, funding areas, participation requirements, and application process. The presentation agenda is outlined which covers topics such as eligibility, finding project partners, evaluation criteria, and how to become an expert evaluator. Evaluation criteria focus on excellence, quality of implementation, and impact. Statistics on the first 100 Horizon 2020 calls are also presented showing application volumes and success rates.
UVCA (Ukrainian Venture Capital and Private Equity Association) was established in 2014 and unites more then 35 members. The association promotes investment opportunities in Ukraine for foreign investment funds, conducts market research, lobbies laws for improving investment and business climate, implements Invest in Ukraine activity
This document provides an overview and summary of investments and mergers & acquisitions in the Ukrainian tech sector in 2018 and the first quarter of 2019. It finds that 2018 saw a record $323 million in venture capital and private equity deals, a 22% increase over 2017. However, 71% of total funding went to three global companies with R&D operations in Ukraine. Early-stage funding remained flat, with most coming from foreign investors. Recent M&A activity has focused on software development outsourcing firms. Notable 2019 deals include a $10 million investment in an IoT security company and investments in a custom software developer and fintech lending platform.
What is Ukrainian Venture Capital and Private Equity Association (UVCA) Olga Afanasyeva
Ukrainian Venture Capital and Private Equity Association (UVCA) shapes the future direction of the venture capital and private equity industry in Ukraine by promoting its investment opportunities, advocating the interests of private equity investors to policymakers, and improving the local investment and business climate.
• Established by the example of Invest Europe, UVCA currently unites almost 50 members – leaders of the international and Ukrainian investment markets: Almaz Capital, AVentures Capital, Deloitte, Digital Future, Horizon Capital, HP Tech Ventures, Intel Capital, EBRD etc. Our members invest not only capital, but also expertise and innovation, providing strong and sustainable growth to portfolio companies - from startups to established businesses.
• By building bridges between Ukrainian and global ecosystems, UVCA facilitates the motion of knowledge and capital in both directions.
• UVCA makes a constructive contribution to shaping legislation on both pan-industry and sector-specific scales that affect LPs, GPs, and their portfolio companies
• UVCA is a nonprofit organization with the head office in Kyiv, Ukraine, and members from all across Europe, USA, Ukraine etc.
Presentation Investor Day June 23rd 2016LVentureGroup
This document summarizes an investor day presentation for LVenture Group, the largest European accelerator. It outlines LVenture Group's portfolio of 40 startups, strategic goals of exit, revenue, and expansion. It highlights opportunities for investing in Italian startups, which provide competitive valuations and access to scaling rapidly in international markets. The presentation encourages investors to provide capital to support LVenture Group's investment activities, internationalization, and other projects by noting the tax relief available for investments in innovative Italian startups.
In this report we show the state of the tech ecosystem in Europe.The next goal for the European VC market is to incorporate more institutional investors as LPs. The current state of European tech ecosystem and the scale and track record obtained by European VCs will allow the industry to incorporate them as active investor in the asset class.
Tapio Koivu - VTT - Stanford - Jan 25 2010Burton Lee
VTT is a contract research organization in Finland that produces research for customers. It aims to increase competitiveness and promote new business creation. However, VTT faces challenges commercializing its research due to differences between managing research and innovation.
To address this, VTT tested an "Entrepreneur-in-Residence" model where CEOs help commercialize technologies. This was encouraging and three startups were launched. A new proposed model involves sourcing IP from universities and companies, packaging it, licensing it to funds specializing in IP investments, and potentially spinning off startups. For VTT and others to fully exploit opportunities, culture change is needed to better manage innovation versus research and take risks.
Dow Jones - Venture Capital Report Q2 2015Webrazzi
The document summarizes a report on European venture capital trends in the second quarter of 2015. Some key highlights include: European VC fundraising doubled from the previous quarter; venture capital investment into European companies improved for the second consecutive quarter; and IPOs increased while M&A activity declined. The report provides details on fundraising amounts, top funds raised, investment levels by industry and country, as well as notable financing rounds.
This document discusses opportunities for small and medium enterprises (SMEs) in Horizon 2020, the EU's research and innovation program from 2014-2020. It defines SMEs and provides an overview of the main funding instruments for SMEs, including the SME Instrument, which provides funding for innovation projects led by SMEs. The SME Instrument has three phases and offers coaching support. It is open to SMEs across all Horizon 2020 challenge areas and industrial leadership topics. The document provides statistics on application rates and funding amounts for the first cut-off dates of the SME Instrument.
The impact of tekes and innovation activities 2013Tekes
Tekes (Finnish Funding Agency for Innovation) has partly funded 65% of well-known Finnish innovations between 1985-2009. For every euro invested by Tekes, companies increase their own R&D expenditure by 2 euros and create one permanent private sector job for every 14,000 euros of funding. Tekes funding plays a crucial role in over 50% of well-known innovations, with its impact being most significant for innovations that are new to global markets and those based on public research.
If you are looking for a new strategic location for a new business project, Flanders (northern region of Belgium) offers an unique blend of advantages. Setting up or expanding a business in Flanders is in two words: smooth and easy.
This non-contractual document discusses Europe's need to increase long term investments in research and development (R&D) in order to fuel sustainable economic growth. It argues that Europe is currently underinvesting in R&D compared to other major economies, risking a "vicious cycle" of low growth. To meet EU targets of investing 3% of GDP in R&D annually would require €135 billion more in funding per year. However, European states face short term budget constraints making it difficult to increase public funding for R&D. The document proposes that institutional investors could help address this funding gap by investing in "science and technology cash flows," such as royalty revenues from intellectual property, which could provide an alternative source
The document discusses supporting private sector research and development (R&D) in Turkey. It notes that Turkey has many talented students studying abroad and is becoming a manufacturing specialist, but needs to focus more on R&D and innovation to drive sustainable growth. The Technology Development Foundation of Turkey (TTGV) was established to promote R&D and innovation in the private sector through various funding programs. TTGV has supported over 500 projects with over $128 million USD in funding, helping generate over $400 million in total R&D spending in Turkey. However, the document argues Turkey needs to further increase investment in strategic large-scale R&D projects and learning regions to boost the country's competitiveness.
This document provides an overview of Horizon 2020 funding programs and the Fast Track to Innovation (FTI) Pilot. It discusses the innovation support ecosystem in Europe and Northern Ireland. Key points include:
- Horizon 2020 aims to accelerate economic growth through business-led innovation and supports SMEs through programs like the SME Instrument and FTI Pilot.
- The FTI Pilot provides "last push" funding of €1-3 million for close-to-market innovation projects within defined focus areas. It has a bottom-up approach and proposals are evaluated on their potential impact.
- Support is available for SMEs throughout the innovation process from skills development to commercialization. This includes grants,
This document summarizes key facts about innovation and research & development (R&D) in Austria. It notes that Austria invests over 10 billion Euros annually in R&D, above the EU average as a percentage of GDP. Austria has a highly educated workforce supported by its dual education system and many universities. The country also has strong industry clusters and growing startup activity. Examples are given of Austrian startups that have become global leaders. The document positions Austria as an attractive location for R&D and investment by Korean companies due to its innovative environment, skilled labor, and high quality of life.
The document summarizes information from the Geneva European Midcap Event 2015 presentation by TIP (Tamburi Investment Partners). It provides key figures on TIP's investments and performance over the past 10 years, including total returns significantly outperforming various indexes. TIP has invested over 1.7 billion euros in more than 10 companies with global leadership positions across various industries like technology, luxury, healthcare, and retail.
The document summarizes information from the Geneva European Midcap Event 2015 presentation by TIP (Tamburi Investment Partners). It provides key figures on TIP's investments and performance over the past 10 years, including total returns significantly outperforming various indexes. TIP has invested over 1.7 billion euros in more than 10 companies with global leadership positions across various industries like technology, luxury, healthcare, and retail.
1) The speech highlights Finland's strong record in research and innovation and encourages them to take advantage of opportunities in Horizon 2020, the EU's new research and innovation program.
2) Horizon 2020 aims to simplify funding access and provide coherent support from research to market uptake. It will focus on societal challenges and increasing business and private sector participation.
3) Finland is praised for its high R&D investment and scientific quality but encouraged to further diversify its economy and boost innovative enterprises
Innovation ecosystems in Europe: from science to marketLinkwest Group
The document discusses the European Regional Innovation System (RIS) and key aspects of the EU's approach to regional innovation. It outlines Research and Innovation Strategies for Smart Specialization (RIS3) which focus on identifying regional priorities and building competitive advantages. Different typologies of regional strategies are presented, along with policy instruments like developing industrial zones, providing financial advantages, improving training, and supporting new company creation and science/technology parks to stimulate regional innovation and economic growth.
2018 ManuTech Report comparing EU-BE Start- & ScaleupsBen Van Roose
- France led Europe in capital raised for manufacturing tech startups and scaleups from 2016-2018 with €129 million, followed by Germany with €125 million.
- Internet of Things was the dominant technology area at 43% of deals, though Artificial Intelligence is growing rapidly.
- While the marketplace model dominates other sectors, only 4% of manufacturing tech startups use this model, with subscription/transactional models more common.
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1. The document discusses the potential establishment of a new investment company called ASSET ITALIA with several hundred million in callable capital from restricted number of investors for a five-year period.
2. TIP plans to propose investing around 100 million Euro, around 20% of total capital, and provide operating and commercial support at minimum cost.
3. TIP would retain a percentage of any final profits for itself based on a reasonable fee structure.
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3. 11,2%
Sources: Annual Report 2015 – At a glance, European Patent Office Database
World Bank Statistics, 2016
Innovation and R&D>Technology Transfer Gap
3
Number of European patent applications filed with the EPO (2015) The inventiveness of
Europe’s leading
economies is also
reflected in terms of
patent filing activity
Although Italy ranks
7th worldwide in
terms of scientific
papers production,
the delay in terms of
total number of
patent applications
filed in a year is
much more evident
In 2015 Italy has in
fact filed about
4,000 patent
applications at the
European Patent
Office (+ 9% vs. 2014
but less than 50%
compared to France)
United States,
Germany, France
and Japan confirm
instead the right
interconnection
between scientific
production and
patent activity
This huge gap highlights the potential scope for scientific research in Italy to turn into
Technology Transfer opportunities, especially considering a still vibrant and competitive
manufacturing environment
To close the gap with the main comparable economies, Italy should double the resources
for investments in innovation, with the obvious need to effectively combine public and
private resources in order to achieve a greater diffusion of innovation in the
entrepreneurial ecosystem
15,8%
11,2%
13,3%
Manufacturing
as % of GDP
+9% vs 2014
4. Rank Country
Value
(H-Index)
1 United Kingdom 1,015.00
2 United States of America 1,648.00
3 Germany 887.00
4 France 811.00
5 Canada 794.00
6 Japan 745.00
7 Italy 713.00
8 Netherlands 694.00
9 Switzerland 686.00
10 Australia 644.00
11 Sweden 614.00
12 Spain 591.00
13 Belgium 547.00
14 Denmark 518.00
15 Israel 496.00
16 China 495.00
17 Austria 449.00
18 Finland 443.00
19 Korea 424.00
20 Norway 402.00
21 Russian Federation 390.00
22 India 383.00
23 Brazil 379.00
24 Poland 371.00
25 Hong Kong (China) 359.00
26 New Zeland 351.00
27 Singapore 349.00
28 Ireland 332.00
29 Greece 326.00
30 Hungary 301.00
Rank Countries
VC investments
($/mln)
1 United States 59.698,50
2 Total Europe 4.220,13
3 Canada 1.825,63
4 Israel (2014) 1.165,00
5 Japan (2014) 1.105,29
6 Korea 1.087,46
7 United Kingdom 951,93
8 Germany 928,47
9 France 757,86
10 South Africa (2014) 352,72
11 Switzerland 289,29
12 Australia 288,49
13 Sweden 180,84
14 Netherlands 180,50
15 Spain 173,55
16 Austria 122,87
17 Finland 118,19
18 Denmark 86,34
19 Ireland 84,03
20 Belgium 68,30
21 Portugal 65,08
22 Norway 62,20
23 Russian Federation 59,00
24 Italy 51,33
25 New Zealand 43,59
26 Hungary 27,67
27 Poland 21,72
28 Slovak Republic 9,91
29 Luxembourg 5,94
30 Estonia 4,12
Sources: Entrepreneurship at a Glance, 2016 – OECD 2016
Global Index Innovation 2016
(1) The h-index is an author-level metric that attempts to measure both the productivity and citation impact of the publications of a scientist or scholar. The index is based on the set of the
scientist's most cited papers and the number of citations that they have received in other publications
Innovation and R&D>Technology Transfer Gap
In Italy there is a stark contrast between the high
quality of research and vibrant manufacturing
environment versus a level of commercialisation
of R&D much lower than the EU average
While Italy ranks 7th worldwide in terms of
production of scientific papers, it only occupies
the 24th position in terms of total venture
capital (VC) investments (a proxy for innovation
finance), presenting a very significant gap relative
to peer countries like France and Germany
Although Venture Capital investments do not
necessarily derive from TT initiatives, they
represent a good proxy of the level of
development of the ecosystem for innovation and
of how much basic research is translated into
commercial activities
There is a poor dissemination of the "public
procurement" innovation (according to the World
Economic Forum, Italy is at the 114th place in the
world in terms of public demand for
technologically advanced products and
fragmentation of spending on a variety of subjects
that limit the necessary economies of scale)
Corporate and Large Corporate are still not
sufficiently geared towards open innovation and
have R&D rates lower than competitors of the
most advanced countries
GAP
Venture Capital investments (2015)Scientific paper production (2015)
The gap becomes apparent by comparing not only the R&D investments, but also the patent filing activity of most OECD
Countries….
4
1
5. Source: Entrepreneurship at a Glance, 2016 – OECD 2016
Venture Capital investments represent the ability of a country to invest in R&D and in Innovation to support the birth of new
enterprises
In the majority of OECD Countries, investments in Venture Capital account for a small percentage of GDP – the average value is about
0.05%
Israel and the United States, countries in which the venture capital industry is more developed and in which investments account for
0.4% and 0.3% of GDP respectively, are an exception
In Italy, venture capital investments as a percentage of GDP is only about 0.003%
Italy shows a huge gap of venture capital investments compared to others European countries – above all France, United Kingdom
and Germany
InnovationandR&D>VentureCapitalInvestments_OECDCountriesComparison
Venture Capital investments as a percentage of Gross Domestic Product (2015)
Average value of VC investments as a % of GDP is 0.05%
Italy 0.003%
5
7. What is the EIF?
We provide
risk financing
to stimulate
entrepreneurship
and innovation
in Europe
OBJECTIVE
To support smart, sustainable and
inclusive growth for the benefit of
European SMEs
HOW
By offering a wide range of targeted
products to support SMEs and mid-
caps, ranging from venture capital to
guarantees and microfinance
WHERE
Working with financial intermediaries
across the EU-28 and EFTA countries,
candidate and potential candidate
countries
7
“
”
8. SME Development Stages
DEVELOPMENT
HIGHER RISK LOWER RISK
Business Angels,
Technology Transfer
Microcredit
VC Seed & Early Stage
Portfolio Guarantees & Credit Enhancement
VC Funds, Lower Mid-Market & Mezzanine Funds
PRE-SEED PHASE SEED PHASE START-UP PHASE EMERGING GROWTH
Social Impact Funds
Public Stock Markets
EIF helps businesses at every
stage of their development
8
10. TT investments seek to bridge gap
between research & market
10
R&D Technology Transfer
“technology IP”
Marketable Product
“prototype IP”
University /
Research
Organisation
Market
IP / Idea
Spin-out, licensing, collaboration
(contract research)
11. Opportunities
Research organisations and their TTOs can seize
opportunities to increase and catalyse their competitiveness
for innovation
11
Engage with industry,
develop partnerships,
and encourage contract
research
Build networks to meet
economic reality; inward
looking vs. outward
Become active
participants in long-term
TT vehicles / funds
Research organisations to
provide commitments for
participating in TT
structures, financially and
/ or with other resources
Outsource with qualified
and experienced
partners willing to work
in close collaboration
Identify and work with
trusted (fund) managers
who can help select the
best opportunities with
commercialisation
potential
12. TT & IP Investments
12
Year Investment Country Fund Size EIF commitment
TT & IP Funds EUR m EUR m
1 2006 Leuven CD3 (Centre for Drug design and Discovery) Belgium 8 4
2 2006 IP Venture Fund UK 37 18
3 2008 Chalmers Innovation Seed Fund Sweden 17 9
4 2008 Manchester UMIP Premier Fund UK 38 11
5 2009 Karolinska Development Sweden 36 27
6 2010 Leuven CD3 II (Centre for Drug design and Discovery) Belgium 16 8
7 2011 Louvain Vives II Belgium 43 15
8 2011 Telecom Technologies Transfert (3T) France 21 10
9 2012 Demeter Cleantech seed fund France 45 20
10 2012 Elaia Alpha fund France 46 15
11 2012 Cancer Research Tech (CRT) Pioneer Fund (a) UK 30 15
12 2013 Emertec 5 France 51 15
13 2013 Epidarex II (formerly Rock Spring) UK 58 10
14 2013 INRIA IT Translation France 30 10
15 2013 IP Venture Fund II UK 36 24
16 2013 Grand Ouest d'Amorcage Sante France 57 15
17 2013 Auriga Bioseeds IV France 42 12
18 2013 SINTEF Venture IV Norway 27 12
19 2014 Cancer Research Tech (CRT) Pioneer Fund (b) UK 30 15
20 2014 Diffusion Capital Turkey 30 26
21 2014 Kurma Diagnostics France 35 15
22 2015 ACT TTA Fund Turkey 23 18
23 2015 Abingworth Pharma Co-development Fund UK 102 41
24 2015 V-Bio Ventures Belgium 73 30
25 2015 Thuja Netherlands 30 15
26 2015 Quadrivium France 56 20
27 2015 BeAble Spain 35 15
28 2016 UCL Technology Fund UK 70 34
29 2016 Carduso Netherlands 31 15
30 2016 CD3 III Belgium 60 30
31 2016 University Bridge Fund Ireland 61 30
32 2017 GO Capital II* France 80 30
33 2017 Advent France Biotechnology* France 70 20
34 2017 Innovation Industries Netherlands 75 25
35 2017 Vertis Venture 3 Tech Tfr Fund Italy 40 40
36 2017 [in progress - Q4 2017 closing] EU / EFTA 50 25
37 2017 [in progress - Q4 2017 closing] EU / EFTA 40 20
38 2017 [in progress - Q4 2017 closing] EU / EFTA 100 50
TOTAL 1,728 764
13. TT investment models (examples)
13
Partnership
Fund Manager
& TTO
UCL/Albion
Ventures
Joint Venture
TTO/EIF
CD3 (KU Leuven)
Co-investing
alongside
(listed)
evergreen
IP Venture Funds
Karolinska Dev
Semi-captive /
embedded
TTO
SINTEF Venture
IV
Independent
Managers
UMIP
CRT
15. ITAtech is an ambitious, highly selective Investment Platform supporting areas of excellence
who wants to play a useful role as an agent for change inside and around academic institutions
ITAtech: the "agent for change" in TT landscape
A joint initiative by Cassa Depositi e Prestiti (CDP) and the European Investment Fund (EIF) to
finance technological transfer and innovation fostering growth in Italy
Mission
The first Equity Investment
Platform in Italy fully dedicated to
the development of Technology
Transfer to establish ad hoc
investment funds
Objectives
• Accelerate the commercialisation
of italian R&D
• Foster the establishment of many
leading professional TT teams
• Generate economic returns for all
the stakeholders involved
• Develop a TT ecosystem through
partnerships with market
participants
Improving the Italian innovation
ecosystem through the
commercialisation of Italian
research into products and
services which are used for the
concrete benefit of society
Vision
15
In Italy there is a stark contrast between the high quality of research and vibrant manufacturing environment versus
a level of commercialisation of R&D much lower than the EU average
16. EIF & CDP joining forces for the equity financing of SMEs
CDP is the Italian Development Institution with
the mission to promote the development of
national economic-industrial system. CDP
finances activities to support national growth
through postal savings products under state
guarantee and the issuance of bonds.
• CDP and EIF have joined forces in the area of equity investments in Italy, financing SMEs, Mid-Caps and innovation
• EIF and CDP are firmly convinced that the development of adequate financial instruments for funding innovation
across different stages is considered an important pillar of the country competitiveness
• Under their partnership, the first initiative that CDP and EIF have launched is the “ITAtech Platform”, whose co-
financing Agreement has been signed on 16th December 2016. Through ITAtech, CDP and EIF will jointly provide
up to EUR 200 m to finance a dedicated investment program in the field of technology transfer
EIF, part of the EIB Group, is the specialist
provider of risk finance to benefit SMEs across
Europe, by designing, promoting and
implementing equity and debt financial
instruments. In technology transfer in Europe EIF
has financed more than 30 dedicated investment
funds totaling about 1,5Bn.
16
17. ITAtech ‘N’
ITAtech ‘3’
ITAtech ‘2’
TTO
‘B’
TTO
‘C’
TTO
‘A’
ITAtech Investment Structure
ITAtech Platform
Investment
manager
agreement
ITAtech ‘1’
Investment vehicle
License “L” Start-up “S”Spin Off “M”Patent “K”
Other
Investors
Junker/
EFSI
Up to
€100 Mln
Up to
€100 Mln TBD
Funding Investments
proceeds
Projects/Investments
fees
Industry Experts
Venture capitalists
Start-up teams
Corporates
Cooperation
Agreement
servicing
Investments Returns
Tech Transfer
Cooperation
Agreement
University
‘A’
University
‘B’
University
‘C’
Research
Centre ‘A’
Research
Centre ‘B’
Research
Centre ‘C’
Deal
sourcing
External
Expertise
Go-to-market
Confirmed investment/agreement
Possible investment/agreement
Other Investors
Funding
17
Team ‘N’
Team ‘3’
Team ‘2’
Management
Team ‘1’
18. Establishment of spin-outs or start-ups
• New companies are established utilising the Intellectual Property and know-how developed by researchers at academic
laboratories (university of Public Research Institution)
• Depending on their expertise and set-up, some Technology Transfer Offices (TTOs) may play an active role in the venture
especially in the R&D-related tasks
ITAtech: possible ways to make TT in Italy
License or sale of IPs
• Research organisation or university (but also individual researchers or inventors), as the owner of the technology, give the right
to exploit the technology to an ITAtech TT partner that will use this technology – typically – in exchange for a stream of income
• Research organisation or university can also sale portfolios of available (un- or little-used) patents, often in batches and grouping
individual patents into ‘patent families’ (or bundles) that can be valuable to potential buyers of the technology by allowing them
to fully protect their use of key technologies.
• Selectively acquiring clusters of patents and building project teams around these technologies, ITAtech partners aim to further
develop technologies to the point where they are attractive to commercial buyers.
• TTOs may be operational in identifying, assessing the value of individual assets, bundling them and marketing;
• TTOs may act as the gateway for such licensing activities
Spin-out/startupIntellectualproperty
A
B
Open innovation schemes
• ITAtech partners will facilitate the establishment of contractual research agreements between PROs and industrial companies
under an Open Innovation scheme.
• In Open Innovation, companies look at the outside world, and in particular to Universities and Public Research Organizations
(PROs), to outsource the development of technologies they don`t have the capability to develop internally.
• In this framework, TTOs act as an intermediary in matching industrial companies with the research capabilities of the university,
while the ITAtech partners will trigger and facilitate such partnership by co-investing along with the company.
Privatecallforideas
C
18
20. Lessons learnt/critical points
• Access to good science
• Close collaboration of investment vehicle with TTO; Build trust; more
research typically equates to more TT
• IP adequately protected under relevant legislation
• Incentives to managers - alignment of interests with long-term focus,
up to 15-20yrs
• Min critical size ca. EUR 30m.
• Spin-out is not the only route
• “One size fits all” TT policies do not work
• Support from highest levels within research organisations
• Presence of an entrepreneurial systems beyond the research setting
20