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Carthage Business Angels Ecosystem
Presentation
Table of Contents
Tunisian Context
A sub-optimal Entrepreneurship System
Carthage Business Angels Ecosystem
Tunisian Context
� We are living a structural political change which cannot be
dissociated from further economic reforms.
� In January 2014, the National Constituent Assembly approved
the new constitution (200/217 votes)
� The current events provide an opportunity to develop a more
transparent and effective economic governance
� 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 employement
opportunities
A sub-optimal Entrepreneurship System
Tunisian Context
A sub-optimal Entrepreneurship System
Carthage Business Angels Ecosystem
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 months)
�Option for entrepreneurs to operate in the informal
sector (Informalty represents more than 40% of the
GDP)
�An unfair competition that 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
Ecosystem Barriers
Financial Support
Public supporting
Agencies
�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
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
Tunisian Ecosystem
Carthage Business Angels Ecosystem
Tunisian Context
A sub-optimal Entrepreneurship System
Carthage Business Angels Ecosystem
Network events
Growth Stage
Early Stage
Governement & regulation
Mentors & role
models
Education &
mentality
Funding
We start indentifying the pillars of a vibrant entrepreneurship
Ecosystem…
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
� 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 starts with the first Business Angels community
� 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 sizeAn acceleratoroffering a High
QualityDealflow
Experienced
Managing
Team
Generating &
screening
100 projects
per year
+30 Start
ups to
invest in
We created then our Seed Investment Vehicle
� 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.
Followed by the first private incubator
+20 Incubated
Start Ups
+5
Implimented
programs
+20 Partners
+50
Networking
events
+10 MDT
funding
raised
� 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+30000 USD
in cash
prizes per
year+500 hours
of sessions
delivered
Awarded
best
economic
innovation at
Doha Forum
+50
Mentors
&
Speakers
A research based spin-off generation program
� 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
exoerts
+20000 DT in seed fundingper project
12 Startup
per year
+20 local &
international
partners
+10
business
networking
events
A Business Acceleration Program