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The Equity Capital Program in British Columbia An Assessment of Capital Availability, Program Efficiency and Policy Alternatives   National Angel Organization Summit Ottawa, October 2005
Study’s Terms and Methodology ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Equity Capital Program – an overview   *
Capital Availability – BC’s Strengths ,[object Object],  *
Capital Availability – BC’s Challenges ,[object Object],  *
Capital Availability – BC from a North American perspective ,[object Object],  *
Capital Availability – the importance of “Angel” investors ,[object Object],[object Object],[object Object],[object Object],[object Object]
Capital Availability – Summary of Findings ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Seed  Financing  “Gap” :   Since 2000 direct research funding has increased by $6.2B, while early stage funding has declined by $1.5B Source: Price Waterhouse Coopers and 2004 Federal Budget Company Stage Round Size Concept or Patent Prototype First Product Early Market Market Expansion Mainstream Market Expansion  ($3M - $7M) Start-up ($500K - $1.5M) How does this new “direct investment” model work? Seed ($0 - $500K) Angels & Insiders Mezzanine  ($7M+) Corporate / Others Early Stage ($1.5M - $3M) Lead Follow
Direct Investment Model (Eligible Business Corporation) Eligible Business  Corporation (EBC) Province of  British Columbia Investors Shares 30% Tax Credit $ ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Program Capital Analysis: Average Number of Investors per Registrant ,[object Object],[object Object],[object Object],[object Object]
Program Capital Analysis: Average Amount invested per Registrant ,[object Object],[object Object],[object Object]
Program Capital Analysis: Individual Investment Amounts ,[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],Small Business Profiles:  EBC Activity Type in 2005
Small Business Profiles:  EBC Regional Location in 2005 ,[object Object],[object Object],[object Object],[object Object]
Program Efficiency – are objectives being met? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Program Policy Alternatives – ECP a “national” program? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Program Policy Alternatives – Tax credit % & budget management ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Program Policy Alternatives – other options to consider ,[object Object],[object Object],[object Object],[object Object],[object Object]
Program Study Contacts: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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Summit 05 Cd Prestn 10a Tessier Bc

  • 1. The Equity Capital Program in British Columbia An Assessment of Capital Availability, Program Efficiency and Policy Alternatives National Angel Organization Summit Ottawa, October 2005
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  • 3. Equity Capital Program – an overview   *
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  • 9. Seed Financing “Gap” : Since 2000 direct research funding has increased by $6.2B, while early stage funding has declined by $1.5B Source: Price Waterhouse Coopers and 2004 Federal Budget Company Stage Round Size Concept or Patent Prototype First Product Early Market Market Expansion Mainstream Market Expansion ($3M - $7M) Start-up ($500K - $1.5M) How does this new “direct investment” model work? Seed ($0 - $500K) Angels & Insiders Mezzanine ($7M+) Corporate / Others Early Stage ($1.5M - $3M) Lead Follow
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