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FINANCING ICT INNOVATIONS: TRENDS AND CHALLENGES OF THE VENTURE CAPITAL MARKET IN EUROPE - THE ROLE OF THE GOVERNMENT Yannis Pierrakis Head of Investments Research  National Endowment for Science, Technology and the Arts (NESTA) FITT for Innovation Brussels, 10 May 2011
Bank lending to business and individuals  ,[object Object],[object Object],Source: Bank of England
Lending to SMEs & Small Businesses  ,[object Object],[object Object],[object Object],Source: BIS, BBA, Bank of England
Cost and availability of credit ,[object Object],Source: Credit conditions survey and (3 months to March) and Deloitte CFO Survey
Why VC is appropriate mean of finance for growth? ,[object Object],[object Object],[object Object],[object Object]
But its importance goes far beyond its size  ,[object Object],[object Object]
More empirical evidence ,[object Object],[object Object],[object Object]
More empirical evidence  ,[object Object],Source: Pierrakis 2011
Companies that received VC funding
Venture capital activity ,[object Object],[object Object],Source: Thomson One
Venture capital in ICT Source: Thomson One
Historically, the more a fund invested in ICT the better it performed *  Base category: Biotech & Healthcare, Source NESTA
Venture Capital performance  by vintage year ,[object Object],[object Object],One year before the Dotcom  crisis
Why should the public sector care? ,[object Object],[object Object],[object Object],[object Object],[object Object]
Venture capital funding landscape in the UK Source: NESTA Grants  Business Angels  Private Equity Private VC  VCTs  Public VC Business Angel Networks
Examples from around the world ,[object Object],[object Object],[object Object],[object Object],[object Object],UK publicly backed funds early stage investments  Source: NESTA
Familiarity with the innovation system (extent of interaction) Source: Pierrakis 2011
Tips for public funds ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Tips for entrepreneurs  ,[object Object],[object Object],Source: Pierrakis 2011
Where can you get funding? ,[object Object],[object Object],[object Object],[object Object]
THANK YOU  [email_address]

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Yannis Pierrakis: Trends & Challenges of the Venture Capital Market in Europe. The Role of the Government

  • 1. FINANCING ICT INNOVATIONS: TRENDS AND CHALLENGES OF THE VENTURE CAPITAL MARKET IN EUROPE - THE ROLE OF THE GOVERNMENT Yannis Pierrakis Head of Investments Research National Endowment for Science, Technology and the Arts (NESTA) FITT for Innovation Brussels, 10 May 2011
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  • 11. Venture capital in ICT Source: Thomson One
  • 12. Historically, the more a fund invested in ICT the better it performed * Base category: Biotech & Healthcare, Source NESTA
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  • 15. Venture capital funding landscape in the UK Source: NESTA Grants Business Angels Private Equity Private VC VCTs Public VC Business Angel Networks
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  • 17. Familiarity with the innovation system (extent of interaction) Source: Pierrakis 2011
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  • 21. THANK YOU [email_address]