jpg 352 ko pdf doc directory of networks · pdf filefrance keiretsu forum paris www ... new...

eban

DIRECTORYOF NETWORKS2009

The European Trade Association for Business Angels,Seed Funds, and other Early Stage Market Players

DOC

PDF

JPG 352 KO

52398 KO

98914 KO

B C

EBAN GOLD Sponsors EBAN SILVER Sponsor

eeee

THE DIRECTORY OF NETWORKS IS BASED ON THE INFORMATION PROVIDED

BY BUSINESS ANGEL NETWORKS MEMBERS OF EBAN IN 2009

Last update: October 30th 2009

Prepared by the EBAN Secretariat

Rue Vautier 54 B-1050 Brussels

T : +32 2 626 20 60 F : +32 2 626 20 69

E : [email protected] W: www.eban.org

Copyright © 2009 EBAN. All rights reserved.

2

ABOUT EBAN

EBAN is - The European Trade Association for Business Angels, Seed Funds, and other Early Stage Market Players . EBAN was established with the collaboration of the European Commission in 1999 by a group of pioneer angel networks in Europe and EURADA (the European Association of Development Agencies). EBAN gathers over 100 member organizations from 27 countries and is the only pan-European representative for the angel community. EBAN reaches out to 250 groups via direct or indirect membership, representing 20.000 angels and 40.000 entrepreneurs. EBAN has recently opened its membership to early stage venture capital funds (investing less than 3 million euros per transaction) in an effort to help all financial actors involving in closing the equity gap to collaborate and invest together. EBAN members are:

� Federations of business angel networks � Business angel networks operating at European, national, regional level � Early stage venture capital funds � Organisations supporting access to investment at the early stage.

EBAN’s objectives are to:

� Represent the interests of the growing early stage capital market, its entrepreneurs and investors

� Raise awareness about the concept of business angel investing and spread good practices among its actors

� Support the emergence of professional structures, quality standards, as well as the internationalisation of the angel and early stage industry

� Dialogue with European policy makers to improve the working environment of early stage investors.

3

Statutory bodies

Executive Commitee President of the Association: Brigitte Baumann, Go Beyond (SWITZERLAND) Vice-President of the Association: Jacek Blonski, Lewiatan BAN (POLAND) Members of the Executive Committee : Anthony Clarke, British Business Angels Association (UK) – Chairman Emeritus 2009-2010 Philippe Gluntz, France Angels (FRANCE) Albert Colomer Espinet, Red Española de Business Angels ESBAN (Spain) Board of Directors Paolo Anselmo, IBAN (ITALY) Brigitte Baumann, GO BEYOND (SWITZERLAND/EU) Sergi Mora, ACC1Ó (SPAIN) Jean-Marc Blankert, SECA (SWITZERLAND) Anthony Clarke, BRITISH BUSINESS ANGELS (UK) Albert Colomer Espinet, ESBAN (Spain) Jacek Blonski, LEWIATAN BUSINESS ANGELS (POLAND) Ute Günther, BAND (GERMANY) Arne-G. Hostrup, netzwerk nordbayern (GERMANY) Risto Kalske, SITRA PreSeed Finance (FINLAND) Roland Kirchhof, BAAR (DE) Juan Roure, IESE (SPAIN) Marie Reinius, SVCA (SWEDEN) Philippe Gluntz, FRANCE ANGELS (FRANCE) Joseph de Gheldere, BE ANGELS (BELGIUM) Joao Larroude Trigo da Roza, APBA (PORTUGAL) Francisco Banha, GESVENTURE (PORTUGAL) Rolf Richter, BANSON (GERMANY) Jacques Évrard, EURADA (BELGIUM/EU) Paulo Andrez, FNABA (PORTUGAL) René Reijtenbagh, OOST NV (NETHERLANDS) Steve Glangé, Luxembourg Business Angels Network (LUXEMBOURG) Sally Goodsell, Finance South East Ltd (UNITED KINGDOM) Luigi Amati, META Group (ITALY) Guy RIGAUD, UNICer - The French Federation of Regional Seed and Early Stage Venture Capital Funds (FRANCE) - Observer Brussels based Secretariat in September 2009 Managing Director: Claire Munck Project Manager: Alberica Marzotto Caotorta Office Assistant: Silvia Santos Alonso Sponsorship and marketing assistant: Erica Norchi from September 2009 to February 2010

4

Table of contents

LIST OF EBAN MEMBERS ..................................................................................................................... 5

LIST OF BUSINES ANGEL NETWORKS IDENTIFIED IN EUROPE IN SEPTEMBER 2009 ................ 8

EUROPEAN BUSINESS ANGEL STATISTICS AND MARKETS ......................................................... 17

ANDORRA ............................................................................................................................................. 18

AUSTRIA ............................................................................................................................................... 20

BELGIUM............................................................................................................................................... 23

BULGARIA............................................................................................................................................. 30

CROATIA ............................................................................................................................................... 35

FINLAND ............................................................................................................................................... 36

FRANCE ................................................................................................................................................ 40

GERMANY............................................................................................................................................. 46

GREECE................................................................................................................................................ 51

HUNGARY ............................................................................................................................................. 53

ITALY ..................................................................................................................................................... 57

IRELAND ............................................................................................................................................... 61

LUXEMBOURG ..................................................................................................................................... 63

MALTA ................................................................................................................................................... 65

THE NETHERLANDS ............................................................................................................................ 67

NORWAY............................................................................................................................................... 74

POLAND ................................................................................................................................................ 76

PORTUGAL ........................................................................................................................................... 80

RUSSIA ................................................................................................................................................. 86

SLOVENIA ............................................................................................................................................. 89

SPAIN .................................................................................................................................................... 92

SWEDEN ............................................................................................................................................. 107

SWITZERLAND ................................................................................................................................... 110

TURKEY .............................................................................................................................................. 114

UNITED KINGDOM ............................................................................................................................. 118

TRANSNATIONAL NETWOKS ........................................................................................................... 129

5

LIST OF EBAN MEMBERS

Updated: 30th October 2009 N= Business angels network F= Federation of business angel networks A= Associated E= Early stage venture capital fund AF= Affiliated

Country Organisation Website Member status

ANDORRA AndorraAngels www.adi.ad N

AUSTRIA

i2 - Die Börse für Business Angels / AWS

www.awsg.at N

BELGIUM Be Angels www.beangels.be N BELGIUM BAN Vlaanderen www.banvlaanderen.be N BELGIUM Brabo Ventures www.braboventures.com A BELGIUM WABAN www.waban.be A BULGARIA Bulgarian Business Angels Association www.bbaa-bg.org N BULGARIA Bulgarian Business Angels Network www.bban.eu N BULGARIA International Realty Group LTD www.ir-group.eu A

CROATIA CRANE - Croatian Business Angels Network

www.apiu.hr crane.ini.hr

N

CROATIA UMIS-SMEA Small and Medium Entrepreneurs` Association

www.umis-smea.com A

FINLAND SITRA - The Finnish Innovation Fund www.sitra.fi F FINLAND Veraventure Ltd www.veraventure.fi N FRANCE FranceAngels www.franceangels.org F FRANCE Keiretsu Forum Paris www.k4forum.com N

FRANCE MEDIA-DEALS www.media-deals.org N

FRANCE Paris Business Angels www.parisbusinessangels.com N FRANCE Sophia Business Angels www.sophiabusinessangels.com N

FRANCE HELIA PARTNERS www.helia-partners.com A

FRANCE UNICer - The French Federation of Regional Seed and Early Stage Venture Capital Funds

www.unicer.asso.fr A

GERMANY Peter Jungen Holding A

GERMANY netzwerk nordbayern www.netzwerk-nordbayern.de N

GERMANY Business Angels Agentur Ruhr www.baar-ev.de N GERMANY BANSON www.banson.net N

GERMANY BAND - Business Angels Netzwerk Deutschland e.V.

www.business-angels.de F

GERMANY Quantum Board GmbH www.quantumboard.eu N

GREECE

Mentoring Business Development Services S.A.

www.mentoring.com.gr N

GREECE Hellenic Organisation of SMEs and Handicraft

www.eommex.org A

HUNGARY INNOSTART National Business and Innovation Center

www.innostart.hu www.uzletiangyal.net

N

HUNGARY HUBAN Ltd. www.huban.hu N IRELAND HALO Business Network (HBN) www.halobusinessnetwork.com F

IRELAND The Association of E.C. Business & Innovation Centres in Ireland

www.dbic.ie/index.php?page=access_to_finance

N

6


ITALY

IBAN - Italian Business Angels Network

www.iban.it F

ITALY Italian Angels for Growth www.italianangels.net N ITALY

META Group S.r.l. www.meta-group.com E LUXEMBOURG

Luxembourg Business Angel Network www.lban.lu N

MALTA

Malta BAN www.maltaban.com N

NETHERLANDS NEBIB www.nebib.nl N

NETHERLANDS EsBro B.V. www.esbro.org N

NETHERLANDS Technopartner www.technopartner.nl A

NETHERLANDS Development Agency East Netherlands - OOST NV

www.meestersvandetoekomst.nl N

NETHERLANDS BID Network Foundation www.bidnetwork.org N

NETHERLANDS Maxwell Group www.maxwellgroup.nl N

NORWAY CONNECT Vest Business Angel Network

www.connectvest.no N

POLAND Business Angel Seedfund Sp. z o.o. www.seedfund.pl E POLAND

Polish Investment Fund www.pif.pl E POLAND

Lewiatan Business Angels www.lba.pl N POLAND

SilBAN - Śląska Sieć Aniołów Biznesu www.silban.pl N

PORTUGAL

FNABA - Federação Nacional de Associações de Business Angels

www.fnaba.org F

PORTUGAL Gesventure www.gesventure.pt N

PORTUGAL

IAPMEI - Portuguese Agency for Companies

www.iapmei.pt A

PORTUGAL

APBA - Associaçao Portuguesa de Business Angels

www.apba.pt F

RUSSIA

RUSSBA - The National Union of business angels of Russian Federation

www.russba.ru F

SLOVENIA Slovenian Business Angels Network www.poslovniangeli.si www.businessangels.si

N

SPAIN

ESBAN - Red Española de Business Angels

www.esban.com F

SPAIN AEBAN - Asociación Española de Bussines Angels Networks

www.aeban.org F

SPAIN ACC1Ó www.acc10.cat F

SPAIN Active Venture Partners www.active-vp.com E

SPAIN BAN EUSKADI www.baneuskadi.es N

SPAIN

BANC - Business Angels Network de Catalunya

www.bancat.com N

SPAIN CEEIs Castilla-La Mancha/BICs www.gobanclm.com N SPAIN

UNIBAN www.uniban.org N SPAIN

BANG www.bang.es N

SPAIN

BAN Madri+d www.madrimasd.org/emprendedores

N

SPAIN IESE BAN www.iese.edu/businessangels N

SPAIN

ESADE ALUMNI Club d'Emprendedores, Inversores, Empresarios (CEIE)

www.esadealumni.net N

SPAIN Entrinnova SL www.entrinnova.com N

SPAIN InnoBAN www.innoBAN.com N SPAIN HULTNER Christian AF

7


SPAIN Realiza Business Angels S.A. www.realiza-ba.com N

SWEDEN

Tillväxtverket www.tillvaxtverket.se A

SWEDEN

SVCA - Swedish Venture Capital and Private Equity Association

www.scva.se F

SWEDEN ALMI Business partner Orebro AB www.orebro.almi.se A

SWEDEN STING Stockholm Innovation & Growth AB

www.stockholminnovation.com N

SWITZERLAND SECA - The Swiss Private Equity & Corporate Finance Association

www.seca.ch F

SWITZERLAND BAS - Business Angels Schweiz www.businessangels.ch N SWITZERLAND Go Beyond Ltd www.go-beyond.biz N SWITZERLAND Mountain Partners Group www.mountain-partners.ch E TURKEY Metutech Ban www.metutech.edu.edu.tr N TURKEY LabX www.lab-x.org N UK Advantage West Midlands www.advantagewm.co.uk A UK Delta Finance www.deltafinance.biz A UK E-Synergy www.e-synergy.com E UK Exemplas www.exemplas.com A UK London Business Angels www.lbangels.co.uk N UK LINC Scotland www.lincscot.co.uk F

UK BBAA - British Business Angels Association

www.bbaa.org.uk F

UK Finance South East Limited www.financesoutheast.co.uk N UK Halo www.nisp.co.uk N UK Northwest Business Angels www.nwbusinessangels.co.uk N UK NESTA www.nesta.co.uk A

UK SWAIN - South West Angel & Investor Network

www.swain.org.uk N

UK XéNOS www.xenos.co.uk N UK LOIZOU Louis AF

AUSTRALIA Australian Association of Angel Investors

www.aaai.net.au A

CANADA NACO – National Angel Capital Organisation

www.angelinvestors.ca A

NEW ZEALAND Angel Association New Zealand www.angelassociation.co.nz A US Angel Capital Association www.angelcapitalassociation.org A

US National Association of Seed and Venture Funds-NASVF

www.nasvf.org A

EU EBN - European Business Incubation Centre Network

www.ebn.be A

INT - EU based CEED - Center for Entrepreneurship and Executive Development

www.ceed-global.org A

INT - EU based EFMD - European Foundation for Management Development

www.efmd.org A

INT - EU based INSME - International Network for SMEs

www.insme.org A

EU Based ANIMA - Investment Network www.anima.coop A

8

LIST OF BUSINES ANGEL NETWORKS IDENTIFIED IN EUROPE IN SEPTEMBER 2009

The existence of a federation of networks in a country is marked in blue. There is a specification as to whether networks in the country are affiliated or not to that federation. Country Name of the Organisation EBAN

member status

Nr. networks

Andorra 1 AndorraAngels Network Austria 4 i2 - Die Börse für Business Angels / AWS Network Angel Investment Club OÖ BAN - Science Park Graz - Styria Region First Love Capital Belgium 3 BeBAN Federation 3 Be Angels SA Network BAN Vlaanderen Network WABAN Network1 Bulgaria 3 Bulgarian Business Angel Network Ltd Network Bulgarian Business Angels Association Network Bulgarian ICT Cluster - Forum for entrepreneurs and investors

(FORENTIN) - In creation

Croatia 1 CRANE - Croatian Business Angels Network Network Czech Republic 1 Angel Investor Association – In re-structuration Denmark 5 DVCA - Danish Venture Capital and Private Equity Association 5 Switzr – Midt/Nordjylland BAN InVest REBAN Syd – Sydlige Jylland og Fyn BA Copenhagen – København BA Øresund – Sydsverige og Hovedstadsområdet Finland 2 SITRA - The Finnish Innovation Fund Federation 1 SITRA - Finnish Business Angels Association Non Affiliated 1 Veraventure Ltd Network France 63 France Angels Federation 62

3a venture

Ab2a

Alsace business angels

Angels sante

Anjou amorcage

1 Until end of 2008. WABAN has now refocused its activities towards being an awareness raising platform on BA issues for the Walloon Region in Belgium and the North of France and has joined as an associated member.

9

Armor angels

Arts et metiers business angels

Atlantic business angels booster

Aube business angels

Aurinvest

Auvergne business angels

Blue sky capital

Bourgogne angels

Capitole angels

Cleantech business angels

Club invest 77

Ddidf

Edc capital

Ensae business angels

Fa diese 2

Femmes business angels

Finance et technologie

Finaqui

Finistere angels

Go beyond2

Grand delta angels

Grenoble angels

Invest y

Investessor-sibessor

Keiretsu Forum Paris Network

Leonardo

Les b.a. Du nord

Les b.a. Du val de marne

Limousin business angels

Logoden participations

Lorraine business angels

Lyon angels

Mediterranee investissement

Normandie business angels

Norm'angels

Norm'invest

Novaris equity

Octave

Ouest angels / irus partenaires

Paris business angels Network

Provence business angels

Re-sources 1

Roanne angels

Savoie angels

Sirs business angels

Software business angels

Sophia business angels Network

Start me up

Sud angels

2 Go Beyond is a member of France Angels and SECA and operates in Switzerland, France, the UK and Malta. The network has been counted only once in the total number of networks.

10

Symbiose 53

Synergence

Trianon angels

Val de france angels

Val d'oise business angels

Var business angels (tvt)

Vivarais entrepreneurs

Xmp business angels

Non Affiliated 1 Media-deals3 Network Germany

40

BAND - Business Angels Netzwerk Deutschland e.V. Federation 30

Accelerate Business Angels Nordhessen

BANE - Business Angel Network Europe

Business Angel Forum Region Stuttgart e.V.

Business Angel Initiative Südwestfalen e.V. (BAIS)

Business Angels Agentur Ruhr e.V. (BAAR) Network

Business Angels Club Berlin-Brandenburg

Business Angels FrankfurtRheinMain e.V.

Business Angels im CyberForum

Business Angels Netzwerk Lausitz e.V.

Business Angels Netzwerk Niedersachsen BAN-NDS

Business Angels Netzwerk Saarland

Business Angels Netzwerk Sachsen-Anhalt

BASS - Business Angels Südniedersachsen

Business Angels Weser-Ems-Bremen e.V

CatCap GmbH

euBAn euregionales Business Angels netzwerk

eVentureCat Investors

Cleantech Angels Network

EXBA Exchange for Business Angels GmbH

Forum KIEDRICH GmbH

INOVIS Capital

IQ2b GmbH

Munich Business Angels Network

NRW.BANK

NUK Neues Unternehmertum Rheinland e.V.

BANSON e.V. Network

Business Angels Rheinland-Pfalz e.V.

green venture.net

venture forum neckar e.V.

bansplus - business angels netzwerk südbayern PLUS e.V.

Non affiliated 10

Business Angel Club Schwaben

baf - business angel Fondverwaltungs GmbH

Business Angel Beteiligungs AG:

Business Angel Netzwerk Nordwestdeutschland e.V.

f.u.n. netzwerk nordbayern gmbh Network

Business Angel Venture GmbH

3 Based in France and Germany, but operating transnational, counted only once in the total number of networks.

11

Munich Business Plan Wettbewerb

Raphael - Sächsisches Business Angels Netzwerk e.V.

Business Angels Sachsen

Media-deals4 Network

Quantum Board5 Network

Greece 1 Mentoring Business Development Services SA Network Hungary 3

First Hungarian Business Angel Network Network

Huban Network

ValDeal Innovations Zrt.

Ireland 4 HALO Business Angel Partnership Federation 4 HALO Business Angel Partnership - Dublin and Greater

Leinster - The Association of E.C. Business & Innovation Centres in Ireland6 Network

HALO Business Angel Partnership - South HALO Business Angel Partnership - West HALO Business Angel Partnership - South East Italy 13 IBAN - Italian Business Angels Network Federation 12 Associazione Italian Angels for Growth Network

Ban Veneto

Ban Bologna Ban Brescia Ban Campania/Caserta Ban Lazio Ban Liguria Life Science SHVP Consortium Ban Toscana Sud Digital BAN Umbria Business Angel Network Ban Puglia (non-operational) Non Affiliated 1 Club degli Investitori c/o Fondazione Torino Wireless Latvia 4 CONNECT Latvia Business Angel Network Latvian Business Angel Society "Latvijas biznesa enģeļu

biedrība"

Latvian Private Investor Association "Latvijas Privāto Investoru Asociācija"

Jurmala Investor Club"Jūrmalas investoru klubs" Lithuania 1 First Lithuanian Business Angels Network Luxembourg 1 Luxembourg Business Angel Network Network Malta 1

4 Based in France and Germany, but operating transnational, counted only once in the total number of networks. 5 Based in Germany, but operating transnational, counted only once in the total number of networks. 6 The Association of E.C. Business & Innovation Centres in Ireland manages all the four HALO Business Angel Partnership chapters in Ireland.

12

Malta BAN Network

Norway 7 Seed Forum Norway ArticBAN Connect Norge Connect Vest-Norge Network Connect Nord Norge Connect Ostandlet Connect Midt Norge/Trondelay Poland 5 Lewiatan Business Angel Network PolBAN RESIK - The Małopolska Agency for Energy and

Environmental Managament

SilBAN - Śląska Sieć Aniołów Biznesu Network LSAB - Lubelska Sieć Aniołów Biznesu (Lublin Business Angel

Network)

Portugal 10 FNABA - Federação Nacional de Associações de Business

Angels Federation 9

Alenbiz - Associação de Business Angels do Alentejo Associação de Business Angels do Algarve Centro Business Angels - CEC/CCIC Gesventure/ Business Angels Club - Associação Portuguesa

de Investidores em Startups Network

Associação de Business Angels da Covilhã Club de Cascais - Business Angels de Cascais Invicta Angels - Associação de Business Angels do Porto OPEN Business Angels Vima Angels – Associação de Business Angels de Guimarães APBA - Association of Portuguese Business Angels Federation 2 APBA - Business Angels Network Centro Business Angels - CEC/CCIC7 Slovenia 1

Slovenian Business Angel Network Network

Spain 42 ESBAN - Red Española de Bussines Angels Federation 5

BANG - Business Angels Galicia Network

CEEI Baleares

Proexca-Canarias

BANC - Business Angels Network de Catalunya8 Network

Realiza Business Angels Network

AEBAN - Asociación Española de Business Angels Networks Federation 20

BANC - Business Angels Network de Catalunya Network

Barcelona Business Angels (BCN)9

IESE Business school10 Network

ESADE Club d'Emprendedores, Inversores, Empresarios (CEIE)11 Network

7 Member of both FNABA and APBA – counted only once for the final number of networks 8 Member of ESBAN, AEBAN and ACCIO but counted only once in the total number of networks 9 Member of AEBAN and ACCIO but counted only once in the total number of networks 10 Member of AEBAN and ACCIO but counted only once in the total number of networks

13

InnoBAN - Red de Inversores Ángel para la Innovación Network

Keiretsu Forum Barcelona12

Asociacion Red Asturiana de Business Angels, ASBAN

Realiza Business Angels Network

ADE Financiacion

Encuentro Círculo de Inversión, SL

Club de Business Angels, Instituto de Empresa

Comunidad Valenciana Business Angels Network CV BAN

Entrinnova SL Network

BAN Madri+d Network

GRUPO IT NET, First Tuesday

GOBAN - CEEIs Castilla-La Mancha/BICs Network

LA SALLE -Parque de Innovación

SOPDE - Malaga Business Angels

ACC1O' Federation 6

ESADE Club d'Emprendedores, Inversores, Empresarios (CEIE) Network

Business Angels Network de Catalunya (BANC) Network

Barcelona Business Angels (BCN)

IESE Business school Network

XiP aijec

Keiretsu Forum Barcelona

Non Affiliated 18 ABANT - Alicante Emprende ABBA - Asociación Bulka Business Angels – In creation

BAN CLM - Castilla-La Mancha

Federacion de Empresarios de la Rioja

Marina Alta Business Angels Network - Creama

Alamut Business Angel Network

Fundación Centro Europeo de Empresas e Innovación (CEEI) Castellon

Fundación Centro Europeo de Empresas e Innovación (CEEI) Valencia

Fundación Centro Europeo de Empresas e Innovación (CEEI) Elche

E-Valora Financila Services (Club de Business Angels PYME inversión)

Red de Inversores y Emprendedores de Castilla y León

Sociedad de Desarrollo Económico de Cantabria, SA

UNIBAN - University Business Angels Network (Galicia) Network

Red de BAs de Navarra

BAN EUSKADI Network

Extremadura Emprende, SL

Club de Inversores en Franquicia – Tormo & Asociados, SL

XIP Mataro

Sweden 24 SVCA - Swedish Private Equity & Venture Capital Association Federation 22 Coach & Capital Västerbottens Delfiner Theia

11 Member of AEBAN and ACCIO but counted only once in the total number of networks 12 Member of AEBAN and ACCIO but counted only once in the total number of networks

14

DalaBAN Delfinerna i Skåne (Almi Skåne) ALMI Stockholm Affärsängelnätverk - ALMIBAN Network Spiltan Y Network SmålAf AB - Smålands Affärsänglar AB Connect Väst Affärsängelnätverk Värmlands Affärsängelnätverk Roslagens Affärsänglar Connect Östra Sverige Privatinvesterare STING - Stockholm Innovation & Growth AB Network X-invest Connect Skåne Affärsängelnätverk Chalmers Innovations Investerarnätverk Stoaf - Stockholms Affärsänglar Partners för Utvecklingsinvesteringar i Life Sciences North Sea Angels Connect Uppsala Affärsängelnätverk Östgötaänglar

Non Affiliated 2

Business Angels Syd Connect Syd Switzerland 11 SECA - The Swiss Private Equity & Corporate Finance

Association Federation 5

BrainsToVentures AG Club Valaisan des Business Angels Go Beyond13 Network MSM Investorenvereinigung

Start Angels Network

Non Affiliated 6 Bio Valley Business Angel Club (Bio Bac) Business Angels Schweiz BAS Network CTI Invest Forum des Entrepreneurs Co-Investor AG Constellation Partners The Netherlands 10 Dutch Foundation of Business Angel Networks - In creation Federation 7

Nebib Network

BiD Network Network

The Informal Investors Network B.V./TIIN Development Agency East Netherlands - OOST NV Network Maxwell Group Network KplusV / Schretlen & Co Flevoland Informal Investors Netwerk Non affiliated 3 EsBro - Informal Network Network ABN AMRO Informal Investment Services

13 Go Beyond is a member of SECA and France Angels, and operates in Switzerland, France, the UK and Malta. The network has been counted only once in the total number of networks.

15

Informal Capital Network B.V. Ukraine 1

Private investors of Ukraine

United Kingdom 58 BBAA - British Business Angels Association Federation 24 Advantage Business Angels Beer & Partners Cambridge Angels Central England Business Angels LLP

Connect London

Creative Arts Investment Network

ENTRUST Envestors E-Synergy Ltd Network Finance South East Limited Network Great Eastern Investment Forum

Halo - the NI Business Angel Network Network

Kingston Business Angels (KBA) Kingston-upon-Thames

London Business Angels Network

NorthWest Business Angels Network Octopus Venture

Oxford Early Investments

Oxford Investment Opportunity Network Oxfordshire

Silverstone Investment Network

Thames Valley Investment Network

The Viking Business Angels Club Ltd

University of Warwick Science Park - Minerva BAN Enterprise 100 (London Business School)

XENOS - The Wales Business Angels Network Network Yorkshire Association of Business Angels

Non Affiliated 15

Angels Den

C2 Ventures London&Berkhamsted

Cambridge Capital Group

Capital Partners Group

Cavendish Management Resources

East Midlands Business Angels Ltd

Endeavour Ventures Limited

Equus Capital

First Capital

Hotbed

Keiretsu Forum London

Pi Capital Limited

Solent Investment Opportunities Network

SWAIN - South West Angel & Investor Network Network

UK India Business Angel Network

LINC Scotland (19 investment syndicates, listed just those which authorised)

Federation 19

Alida Capital International Ltd Archangel Informal Investments Ltd Barwell Plc Braveheart Investment Group

16

Capital Angel Investments Discovery Investment Fund Ltd Equity Works Ltd (formerly Aurora Private Equity Ltd) Highland Venture Capital Ltd Kapital Venture Equity Ltd Kelvin Kapital Ltd Par Equity LLP Tri Capital Russia 11 RUSSBA - The National Union of business angels of Russian

Federation Federation 8

Kazan Network (in creation)

Far Eastern Business Angel Network “Laboratory of Investments” (Vladivostok)

Nizhny Novgorod Business Angel Network “Initial Investments” (Nizhny Novgorod)

Saint-Petersburg Business Angel Organisation Non-commercial Partnership (Saint-Petersburg)

Tomsk Center for Venture Investments LLC (Tomsk)

Baikal Business Angel Union (Irkutsk)- In creation

Moscow Region Business Angels - In creation

Novosibirsk Business Angel Network (Novosibirsk)- In creation

Non Affiliated 3

Moscow Business Angels Network

Private Capital Russia

Starting investments

Turkey 3

Mersin BAN – In creation

Metutech-BAN Network

LabX Network

Transnational 5

Icon Angels

Go Beyond* Network Media-deals* Network Quantum Board GmbH* Network Venturepreneurs TOTAL NUMBER OF NETWORKS IDENTIFIED IN EUROPE 334

*Counted only once for the total number of networks.

17

EUROPEAN BUSINESS ANGEL STATISTICS AND MARKETS

Logos of federations of business angels networks members of EBAN have been added at the top of the respective country form. The generic information reported below refers to angel networks which are members of EBAN only and concerns Part 1 of the EBAN Annual Statistics Survey. Data reported in Part 2 of the survey have been treated on an aggregate and confidential basis only and included in the EBAN Statistics Compendium 2009.

18

ANDORRA

Country form provided by AndorraAngels 1. Background The Bureau of Business Innovation from Andorra (nowadays Andorra Development Investment, ADI) has created the first private investors network in 2008, named AndorraAngels. This initiative is divided into different areas, depending on the target audience:

• Creation of the group and welcoming investors.

Some workshops were developed in 2008 to familiarize potential investors with the role of the business angel. Some 20 private investors participated in the workshops, which were directed by the IESE business school from Spain. The main objective of this programme was to prepare investors through education and advising to develop the role of the business angel. The school also acted as a forum for the exchange of information and experiences, one which allows the participants to compare, contrast and acquire the skills needed to properly arrange and manage the investment process. Nowadays, ADI hopes to continue developing this network of investors. This project is aimed at current or potential investors who want to take part in a direct investment process for businesses that have not gone public. The school hopes to be a jumping off point for anyone who wants to become a business angel.

• Regular meetings between entrepreneurs and investors.

The first meetings took place during 2008, with the objective of promoting the movement of capital between the two target groups. Since the foundation of AndorraAngels, 4 business projects have been presented to a community of 20 business angels. 2. Statistics 2008 Number of BANs 1 Number of Business Angels 20 Number of accredited projects 15 Number of deals 4 Total amount invested (EUR) 100.000 Number of commercial BANs 0 Number of non-commercial BANs 1 Number of national BANs 1 Number of regional BANs - National association - 3. Legal status of the network The AndorraAngels depends on the Andorra Desenvolupament Inversió (ADI), which is a public company with its own legal status. 4. Contact AndorraAngels Meritxell Martí Bringué c/ Prat de la Creu, 59-65, esc. A, 1r AD500 Andorra la Vella T: +376 81 20 20 E: [email protected] W: www.adi.ad

2009

19

AndorraAngels Network details Contact person Meritxell Martí Bringué Contact details

Andorra Desenvolupament Inversió (ADI) c/ Prat de la Creu, 59-65, esc. A, 1r AD500 Andorra la Vella T: +376 81 20 20 E: [email protected] W: www.adi.ad

Date of creation 2008 Partner organisations Chamber of Commerce

Andorran Family Business (Empresa Familiar Andorrana- EFA) Working with other BANs (especially North of Spain and South of France)

Sectors of investment – deals closed in 2008 (%)

100%

Software and Mutimedia

Services offered by the organisation

� Company Presentation Events � Due diligence support � Training for investors � Training for entrepreneurs � Newsletters or Information bulletin � Networking with others BANs (North of Spain and South of France)

Percentage of deals closed in 2008 where the recipi ent company was located

100%

In the country/region where the network islocated

20

AUSTRIA Country form provided by i2/aws

1. Background “i2 - Die Börse für Business Angels” (i.e. i2-The Austrian Business Angel Network) is the only BAN operating at national level. It was founded in 1997 and is part of the AWS, a state-owned bank specialised in supporting Austrian companies. In July 2005 a regional business angel network called “AICO” was established in the region of Upper Austria and closely cooperates with i2. Furthermore a BAN in the Styrian region was created in 2007. 2. Statistics 2000 2001 2002 2003 2004 2005 2006 2007 2008 Number of Business Angels14

49 (81)

57 (83)

72 (96)

76 (91)

82 (90)

87(95) i2 + 16 AICO = 103

100 (111) i2 + 16 AICO=116

127 i2 + 20 AICO=147

124

Number of projects submitted

n/a n/a 427 341 358 318 (only i2)

323 (only i2)

388 355

Number of accredited projects

63 92 103 69 60 77 (i2) + 8 (AICO) = 85

59 (only i2)

55 (i2) + 16 (AICO) = 71

54

Number of deals

4 4 7 8 1 6 10 5 6

Average amount of the deal (€)

n/a n/a n/a 140.000 150.000 261.000 150.000 120.000 100.000

Number of BANs

1 1 1 1 1 2 2 3 3

Number of commercial BANs

0 0 0 0 0 0 0 0 0

Number of non-commercial BANs

1 1 1 1 1 2 2 3 3

Number of national BANs

1 1 1 1 1 1 1 1 1

Number of regional BANs

0 0 0 0 0 1 1 2

2

1 Numbers in brackets include all investors (business angels, strategic and institutional investors).

3. Legal status of the networks i2 is a programme of the AWS, a state-owned bank specialised in supporting Austrian companies.

2009

21

4. National association i2 is the only nation-wide BAN and also supports the implementation of regional BANs. The first regional BAN called “AICO” was founded in 2005 in Upper Austria. A further BAN in the Styrian region was established in 2007. 5. Contact i2 – The Austrian Business Angel Network: Astrid Mayer-Pail Ungargasse 37 A-1030 Vienna T: +43 1 50175 521 F: +43 1 501 75 900 E: [email protected] W: www.business-angels.at 6. Lobbying activities The BAN stays in contact with almost all organisations involved in the process of founding companies and entrepreneurship in general (universities, science parks, lobbying organisations, business plan competitions etc.). 7. EU Support Between Sept. 1999 and Sept. 2002 i2 was co-funded by the European Union. 8. EBAN Members I2/AWS.

22

i2 – The Austrian Business Angel Network

Network details: Contact person Astrid Mayer-Pail Contact details Ungargasse 37

A-1030 Vienna T: +43 1 50175 521 F: +43 1 501 75 900 E: [email protected] W: www.business-angels.at

Date of creation 1997


50%

17%

17%

16%ICT/Telecommunications/Mobile

Energy/Environment Technologies

Manufacturing

Other (Franchise)

Services offered by the organisation:

� Matching Service/Database of contacts � Investment meetings/Networking meetings/Workshops � Capacity building for Investors � Model contracts � Support during negotiations


100%

In the country where the network is located

23

BELGIUM

Country form provided by BeBAN 1. Background Since 1998, 7 BANs have emerged in Belgium. These networks were set up in the period 1998-2001. They guaranteed a complete coverage of the Belgian area: 4 networks in Flanders, 2 in Wallonia and 1 in Brussels. In the beginning of 2004, the 4 Flemish networks merged into 1 Flemish network: BAN Vlaanderen. In 2007, 2 Walloon networks merged into 1, Be Angels. As per today, Belgian counts 3 networks: 1 network in Flanders, 2 in Wallonia15. 2. Statistics 2003* 2004** 2005** 2006** 2007*** 2008 Number of BANs 7 5 5 5 3 3 Number of Business Angels n/a 160 n/a 370 385 270 Number of deals 37 29 49 46 35 32 Number of accredited projects 229 136 186 189 132 155 Number of commercial BANs 2 1 1 1 1 1 Number of non-commercial BANs 5 4 4 4 2 2 Number of national BANs 0 0 0 0 0 0 Number of regional BANs 7 5 5 5 3 3 National association 1 1 1 1 1 1 *Up to 2003, 7 networks were operating in Belgium, 4 in Flanders and 3 in Wallonia and Brussels. **Including EuBAN ***After merger of 2 Wallonian BANs, and excluding EuBAN

3. Legal status of the networks In Belgium, 2 out of 3 networks are not for profit organisations. The other one is a commercial BAN. Not-for-profit does not mean that these are public organisations: some are created together with development agencies, others are emanations of business schools, of business innovation centres and of private investors. 4. National association The 3 Belgian networks all join forces in BeBAN, the Belgian Association of Business Angels Networks. Its main goal is the promotion of the visibility of business angel finance and business angel networks. A code of conduct was elaborated and subscribed by all existing networks. BeBAN became the facilitator in setting up cooperation between all Belgian BANs and other governmental, public and private organizations active in the field of risk capital. For instance, in 2002 a new product, the “business angel+” loan, was launched by the national Participation Fund to give favourable subordinated loan collateral to a BA-input realized through a BAN.

15 In 2008, WABAN restructured its activities to become an awareness raising platform about the investment possibilities between Wallonia and the North of France, and has delegated its match-making activities to Be Angels.

2009

24

5. Contact BeBAN Mr Reginald Vossen, Chairman BeBAN Vlamingenstraat 83 3000 Leuven Belgium T: +32 11 300 260 F: +32 11 300 258 E: [email protected] W: www.ban.be 5. Lobbying Since 2000, the Belgian BANs used BeBAN as a platform to discuss with the Finance and Banking Commission in order to clarify the scope of BAN intervention and the compatibility of their action with Belgian legislation on public issues and the obligation to make a prospectus. Because of this legislation, business proposals cannot be submitted to more than 50 people, and business angel networks cannot ask for money from the entrepreneurs looking for funding in their function as a matchmaker. If this would be the case, entrepreneurs would be obliged to write a prospectus. 6. National/regional support All BANs in Belgium have secured financial support from their regional government. This support varies from region to region due to the fact that the economic policy is a regional (not a national) competence. The support of all regional authorities constitutes an official recognition of the contribution of Business Angels to the stimulation of the Belgian economy. In Wallonia, a guarantee scheme for BA-investments was created through “Sowalfin”. The federal “Participation Fund” installed a “BA+loan” which serves as a leverage to BA-investments. 7. EU support The European Commission supported several initiatives: Awareness actions Ten awareness seminars have been conducted in the late 90’s. They were co-ordinated by the Réseau des Jeunes chambres économiques. Seminars were held in Bruges, Kortrijk, Gent, Antwerp, Leuven, Hasselt, Brussels, Mons, Liège and Wavre. Feasibility studies Two feasibility studies were co-funded in Belgium: one done by GOM Vlaams Brabant and NCMV and another done by PYTHAGORAS n.v. , a private company. Pilot projects DG Enterprise supported one pilot project in Belgium. The beneficiary was the Vlerick Leuven Gent Management School. ERDF-support One network was supported through the European Regional Development Fund. The beneficiary was Limburg BAN vzw, which merged into the new Flemish network: BAN Vlaanderen. Interreg III Three Belgian organizations (BAN Vlaanderen, SOCRAN and WfG Ostbelgien), together with a German (AGIT) and a Dutch (LIOF) partner started the Interreg-project Euban in January 2004. EUBAN is a tri-national network in the Euregio Meuse-Rhine, which aims to generate more BA-activity in this region and to enhance cross-border investments through BA’s. Euban is partially subsidised through Interreg III-funds.

25

8. Dissemination of the BAN concept The Dutch-speaking economic daily newspaper Financieel Economische Tijd published articles on BANs operating in Flanders. So did the French-speaking daily L’Echo for the Walloon networks. Many articles were originally inspired by the BAN's initiatives and by the efforts of Mr Rudy Aernoudt, a Belgian European Commission official. Economic magazines such as Trends/Tendance and PME/KMO have published several pieces on BA and BAN activities in Belgium in both French and Dutch. The start-up of BAN Vlaanderen in February 2004 raised a lot of attention in all national media (TV, newspapers, business magazines…) and enhanced the knowledge about the existence of BANs. Since then, a large publicity-campaign with commercial spots, advertisements and a region-wide road show expands the BAN-concept throughout Flanders. 9. EBAN members BAN Vlaanderen Be Angels WABAN

26

BAN Vlaanderen vzw

Network details:

Contact person Reginald Vossen Contact details Vlamingenstraat 83

3000 Leuven Belgium T: +32 11 300 260 F: +32 11 300 258 E: [email protected] W: www.ban.be

Date of creation 2004 Partner organisations Regional Development Agency

Business School Consultancy firms

Sectors of investment – deals closed in 2008 (%):

19%

6%

6%

6%

44%

19%

ICT/Telecommunications/Mobile

Biotech


Retail and services

Health related

Manufacturing


� Company Presentation Events Online matching � Due diligence support � Syndication � Training for investors � Training for entrepreneurs � Newsletters or Information bulletin � Co-investment schemes � Other: Expert Panel Sessions on Integrated financing

Percentage of deals closed in 2008 where the recipi ent company was located:

100%

In the region where the network is located

27

BeAngels S.A.

Network details Contact person Joseph de Gheldere Contact details Champ Vallée, 17C

1348 Louvain-La-Neuve Belgium T: +32 10 48 50 20 F: +32 10 48 50 21 E: [email protected] W: www.beangels.be

Date of creation Beginning of 2000 Partner organisations Incubator/Science Park

Regional Development Agency University/Business School


6%

25%

6%6%

13%

19%

25%


Software/Multimedia

Biotech


Retail and services

Health related

Manufacturing


� Company Presentation Events � Due diligence support � Syndication � Training for investors � Training for entrepreneurs � Co-investment schemes � Co-funding by the “Fonds de Participation”


12%

88%



28

WABAN

Network details: Contact person Alix Housiaux, Manager Contact details Business Innovation Centre

242 Chaussée d’Ath 7850 Enghien Belgium T: +32 2 397 02 37 E: [email protected] W: www.waban.be

Date of creation: 01/01/2008 WABAN, a non-profit making organisation, was founded in April 2000 by the Economic Interest Group of the Walloon European Business and Innovation Centres (BICs) as a Business Angel network. WABAN is intended for the financing of innovative companies in creation or enlargement together with the Walloon BICs. WABAN filed in 2002 jointly with a French partner a project plan within the framework of the European cross-border cooperation Program INTERREG III and in October 2007 within the INTERREG IV Program. Since the 1st January 2008, WABAN no longer appears as a Business Angel network as such, but acts as a French-Walloon Platform of animation of the Angel Investing dedicated to the cross-border investments. Partner organisations: The main partner of WABAN is the Regional Chamber of Commerce and Industry North Pas-de-Calais and its Association “The Business Angels North of France”. However, WABAN also introduces the other partnerships with key economic actors of Wallonia such as the Technological Incubators, the Walloon BICs, the Clusters, the Poles of competitiveness, the Business Angel Networks, etc.


50%50%

Biotech

Remote training leading to qualification

Note: The investment in the Biotech Sector has been done in partnership with Be Angels. Services offered by the organisation:

� Company Presentation Events within the framework of cross-border investments � Training for investors � Training for entrepreneurs � Newsletters or Information bulletin � Other services: a French-Walloon Platform of animation of the Angel Investing dedicated to

the cross-border investments such as awareness and information on Angel Investing

29


50%50%


Outside of the country but inside Europe

30

BULGARIA Country form provided by the Bulgarian Business Angels Network in collaboration with the Bulgarian

Business Angels Association 1. Background The concept of business angels is still rather “exotic” in Bulgaria. In fact, some investors matching the business angel profile often may not even know they are dealing with exactly this type of financing. The concept became better known only in the last couple of years. There are already 7 examples of projects that have started using BA support. Bulgarian companies such as the news site netinfo.bg or the financial website Moite Pari are examples of such. 2006 marked “the birth” of the BA market concept in Bulgaria. Some deals occurred prior to that but were not officially identified as such until recently. In 2006 the current co-founders of the first BAN in Bulgaria created a website, presenting the Bulgarian Business Angels Network as a general concept. It gradually drove much attention and enquiries from start-ups and the government that a year later the team, supported by their first mentor and future partner – a serial entrepreneur Mr. Borislav Borislavov – established the Bulgarian Business Angels Network (BBAN) as an official entity. The network changed its business model in 2009 and invested heavily in raising awareness and building a platform for business angels and entrepreneurs which was launched in July 2009. It was combined with extensive PR and awareness raising efforts, including the establishment of www.startbusiness.bg and www.angels.bg as supportive product related websites. The second angel organization in Bulgaria – Bulgarian Business Angels Association (BBAA www.bbaa-bg.org) – was created in March 2008 and registered as a non profit organization. The main objective of BBAA in Bulgaria is to minimize the information gap created by the missing link between investors and entrepreneurs and serve as an intermediary between investors and entrepreneurs in the country. BBAA charges investors only, when they engage in a project. BBAA has a close partnership with an organization called "Start-up" (www.startup-bg.org), a project designed by ambitious young people whose aim is to stimulate entrepreneurs and starting up companies. BBAA has developed an online platform for communication between investors and entrepreneurs that will be ready September 2009. BBAA is planning a very big event in October, open to national and international investors, which will be dedicated to entrepreneurs. A third “BAN” also appeared in 2008 in the form of a project established by the ICT Cluster (an NGO) as a Forum for entrepreneurs and investors (FORENTIN). The project envisages the selection of technological projects and provides detailed analyses and due-diligence of the companies in the first phase and presents them to potential investors in the next phase. The first presentation of Bulgarian companies to investors was held April 2nd 2008 within the International Forum of Bilateral Meetings organized by ICT Cluster. The head of the ICT Cluster, Mr. Petar Statev, recently mentioned in an interview that FORENTIN has already established relations with other international networks in Europe (Sofia Business Angels Association, Cambridge, Munich and others). 2. Statistics 2006 2007 2008 Number of BANs 1* 1 2+1** Number of Business Angels - 12 25 Number of accredited projects 90 Number of deals - - 2 Total amount invested (EUR) - - 7.0000 Number of commercial BANs 1 1 1 Number of non-commercial BANs 1 1 1+1 Number of National BAN 2 Number of Regional BAN 1 National Association 0 * Predecessor of the Bulgarian Business Angels Network ** +1 ~ FORENTIN established as a Project of the ICT cluster *** Includes information from the Bulgarian Business Angels Network only

2009

31

Some disclosed / identified business angel deals in Bulgaria:

• Picadilly – retail chain • NetInfo.bg - news website. Sold 68% to SanomaWSOY in 2008. Considered to be the largest

M&A deal in the history of Bulgarian online businesses. • Eastisoft – software company • Netage Solutions – software company • MoitePari (.bg) – online service • Svejo.net – website, community generated content • Ivent Games – innovative PS3 game design company.

3. Legal status of the networks The Bulgarian Business Angels Network was established as a limited liability company. Following a capital increase it is being restructured into a Joint-Stock Company. Another network is established as an association of angels (Bulgarian Business Angels Association) and FORENTIN is described as “a project” (non-formal structure) of the ICT Cluster. 4. National association Although there is one entity which has the term association in its name, this is not considered to be a representative body of the networks in Bulgaria as none of the existing ones has joined. Membership is limited to business angels only. However, the Bulgarian Business Angels Network is promoting the idea of establishing a regional association of networks and has been expanding the number of partners in that matter. It has already reached some local and international business support organizations to promote start-ups and to improve investment readiness. BBAN has already conducted talks with several emerging organizations in Macedonia and in Romania and is also in contact with other CEE networks to exchange best practices and ideas. It also joined forces with several local VC funds to exchange projects which either of the parties finds suitable. 5. EBAN Members Bulgarian Business Angels Network www.bban.eu Association of Bulgarian Business Angels www.bbaa-bg.org

32

Bulgarian Business Angel Association

Network details

Contact person Nikolay Mavromatis Contact details

107 A “Hipodruma” str. 1612 Sofia Bulgaria T: +359 (2) 95 81 368 M: +359 994 009 012 M: [email protected] W: www.bbaa-bg.org

Date of creation 27/03/2008


100%

Health related

Services are offered by the organisation

� Company Presentation Events � Syndication � Training for investors � Training for entrepreneurs


100%


33

Bulgarian Business Angels Network

Network details Contact person Anton Todorov Contact details № 63, "Tzar Samuil" str.

1301-Sofia Bulgaria T: +359 (2) 490 42 25 / 26 E: [email protected] W: www.bban.eu

Date of creation 22.11.2007

Partner organisations Chamber of Commerce; Incubator; Regional Development Agency; University; Business School; Other: Alternative funding sources - venture capital funds - fiduciary institutions, external networks and other BANs; Consultants - M&A Advisories, Fund Managers, brokers and investment advisors; other consultancies - business planning, accounting, legal services, IP lawyers; Media & PR - digital media and news publishers, PR agencies, advertising, design, event organizers; IT - Web hosting, Web development and SEO services, Microsoft incl.BizSpark; NGOs - Local entrepreneurship support organizations, Project Management Association, Franchising Association; Large corporations in various industries. Network background Until 2007 the Bulgarian Business Angel Network (BBAN) existed purely as an informal network. Registered as a for-profit, professionally managed limited liability company on November 22nd 2007, BBAN was officially announced as a formal organization in May 2008 at the occasion of the first public event to help meet entrepreneurs and investors conducted by The Center for Executive and Entrepreneurship Development CEED – one of the key business support organizations in Bulgaria. In the next six months the Network invested in R&D of a website and a software platform known as EXCHANGE.bban.eu – a tool for screening and communication between investors and entrepreneurs. BBAN became a full EBAN member in June 2008. By the end of 2008 the Network invested in promoting the concept, raising awareness and attending conferences for networking and brand building, including participation in the EBAN Annual Congress and General Assembly in Madrid on April 2009, where Mr. Todorov was also elected as a member of the EBAN Marketing Committee. In March 2009 BBAN became one of the three Bulgarian partners of the Microsoft BizSpark programme and sponsored the first company under the program a month later. In the beginning the Network charged upfront fees from entrepreneurs for presenting their projects. It changed its model in June 2008 to charge only a success fee from entrepreneurs and a membership fee from business angels.


50%50%

Software/Multimedia

Other

34

Services offered by the organization:

� Company Presentation Events � Online matching � Syndication � Training for investors � Training for entrepreneurs � Newsletters or Information bulletin � Co-investment schemes

Other Services: Online presentation of projects, Entrepreneurship / Angel support services, Project screening and pilot evaluation, Questionnaires and Communication services via BBAN, Start-up support services (logistics, consultancy, HR – via the network of partners), Screening & matching of M&A opportunities (entrepreneurs funding each other), public disclosure of angels’ interests (profile) – search definition sets, Statistics gathering, Market research & Analyses


100%

In the country/region where the network islocated

35

CROATIA

CRANE - Croatian Business Angel Network

Network details

Contact person Ivana Marsic Contact details Hebrangova 34

1000 Zagreb Croatia T: +385 1486 6025 F: +385 1486 6008 E: [email protected] W: crane.ini.hr

Date of creation June 2008 Partner organisations Trade and Investment Promotion Agency

Croatian Venture Capital Association Initium – Association for promotion of web entrepreneurship Poteza Ventures Incubator/Science Park Regional Development Agency University/Business School


100%

Business services


� Company Presentation Events � Online matching � Syndication � Co-investment schemes � Other Services: Organization of topic related events together with other institutions;

organization of joint events with other business angel networks; presentation of experienced business angels


100%


36

FINLAND

Country form provided by SITRA - The Finnish Innovation Fund 1. Background BA activities in Finland emerged as organised structures in 1996 initiated by a matching service of SITRA, an independent public foundation under the supervision of the Finnish Parliament. SITRA is a nationwide organisation whose aim is to promote the economic prosperity and the future success of Finland through its activities. For the first 5 years the BA activities were built moreover on BAs own activity, aided by a database of potential target companies. The concept was restructured in 2001: the new concept of pre-seed finance was launched in May 2001, including two major instruments: LIKSA and INTRO. LIKSA (2001-2006) was a programme for the professional completion of business plans, funded by SITRA and Tekes. INTRO is a marketplace for business angels and other venture capitalists to meet technology companies in the start-up or restructuring phase. This well functioning platform has shown that far too many investments fail due to start-ups’ lack of marketing & sales professionalism. As an answer to this, since the beginning of 2004, INTRO also offers a channel (DIILI) for marketing & sales professionals to look for a new “entrepreneurial” career in companies presented at the INTRO marketplace as knowledge investors on sweat equity basis. SITRA was invited as an expert partner in European Commission’s EASY programme at the end of 2006. 2. Statistics 16

1997-2001 2002 2003 2004 2005 2006 2007 2008 Number of BANs (1) 1 1 1 1 1 1 1 Number of Business Angels (2) (1) 90 207 253 286 326

(+70*) 394

(+64*) 400

Number of deals (1) 12 10 12 13 17 10 6 Number of annually accredited projects

(1) 35 52 41 37 50 45 20

Number of commercial BANs (1) 0 0 0 0 0 0 0 Number of national BANs (1) 0 0 0 0 0 0 0 Number of regional BANs (1) - - - - -- - - National association (1) 1 1 1 1 1 1 1

(1) During the period 1997-2001, the BA activities of SITRA can be presented as follows: Nr. of BAs: between 60 and 150 Nr. of deals made: between 8 and 12 Nr. of accredited projects: between 60 and 100

* knowledge investors (DIILI)

Data provided by Veraventure 2008 Number of Business Angels 98 Number of business plans submitted to the angels 40 Number of deals 17 Total volume ( €) invested by the angel investors through th e network 4.900.000 Total amount of money invested in SMEs through your Network during the year (inc. BAs, co-investment with other funds and syndicated deals, VCS, Other investors).

8.340.000

16 Data refers solely to SITRA statistics.

2009

37

3. BAN legal status INTRO is an initiative started and conducted by SITRA, involved in private investors’ venture capital activities, with a clear vision to empower public/private partnerships. 4. Contact Risto Kalske Itâmerentori 2, Helsinki Finland T: +358 9 6189 9412 F: +358 9 6189 9277 E: [email protected] W: www.sitra.fi 5. EBAN Members SITRA is a founding member of EBAN Veraventure Ltd.

38

Finnish Business Angel Association Contact person Risto Kalske Contact de tails Itämerentori 2

00180 Helsinki Finland T: +358 50 3684054 F: +358 9 645072 E: [email protected] W: www.sitra.fi

Date of creation 2001 Partner organisations The network is part of the Finnish National

Network SITRA - The Finnish Innovation Fund


40%

20%

40%


Software/Multimedia



� Company Presentation Events � Due diligence support � Syndication � Newsletters or Information bulletin � Co-investment schemes

Percentage of deals closed in 2008 where the recipi ent company was located (% of deals)

80%

20% In the country where the network is located


39

InvestorExtra

Contact details Contact person Hannu Jungman Contact det ails P.O.Box 1010 (Eteläesplanadi 8)

00101 Helsinki Finland T: +358 20 460 3585 F: +358 20 460 3587 E: [email protected] W: www.veraventure.fi

Date of creation February 2008 Partner organisations Incubator

Science Park Regional Development Agency


29%

29%18%

12% 6%

6%


Software/Multimedia

Creative Industries

Energy/Environment

Retail and services

Other


� Company Presentation Events � Online matching � Due diligence support � Syndication � Training for entrepreneurs � Co-investment schemes


100%


40

FRANCE

Country form provided by FranceAngels 1. Background The first local network (non-profit) initiative in this field was taken by an association of young entrepreneurs called Club Essor 92, and by Mr. André Jaunay in Hauts de Seine in 1998, under the name of Investessor. France Angels, the national association, was set up in 2001 in order to develop the number of BANs in France. Since 2001, France Angels was engaged in the creation of the 60 French networks. 2. Statistics 2000 2001 2002 2003 2004 2005 2006 2007 2008 Number of BANs 13 32 - 48(35)1 40 38 41 54 61 Number of Business Angels

n/a n/a n/a n/a n/a 1316 2100 2500 3000

Number of deals n/a n/a n/a n/a n/a 157 150 214 3002 Number of accredited projects

n/a n/a n/a n/a n/a 579 730 - 1200

Total amount invested (M EUR)

- - - - - - - - 60 M €


4 5-10 5-10 n/a n/a 1 1 11 (47 answers)

-

Number of non -commercial BANs

5 16 18 n/a n/a 37 40 36 (47 answers)

-


3 n/a n/a n/a n/a 4 1 12 (47 answers)

11


1 n/a n/a n/a n/a 34 34 35 (47 answers)

50

National association 0 1 1 1 1 1 1 1 1 1: 48 organisations claimed to be networks, while France Angels evaluated the real number of networks around 35. 2: Number of projects received: 6.000 Number of projects presented to investors: 1.200 3. Legal status of the networks In France, almost all BANs are associative BANs (80%). For tax purposes, a number of private investors have created investment companies that manage their personal stakes in start-ups. In France, several local saving mobilisation instruments (such as loans without interest and/or guarantee and Love Money) are to a certain extent comparable to Business Angel activities, even though they do not share the exact same characteristics. In 2003/2004 and 2006, new legal frameworks were adopted in order to support entrepreneurship. Part of the legislation concerns the fiscal environment of investment made by private individuals in start-up enterprises: the tax deduction system was improved and a new type of investment company with fiscal advantages was created. In 2007, a new tax deduction was voted (TEPA Law) and allowed persons who pay the wealth tax to reduce 75% of their contribution by investing in a SME.

2009

41

4. National association France Angels, the national association of local BANs created in April 2001, tries to highly increase the number of business angels in France in order to stimulate entrepreneurship in the country. France Angels is the national federation of the 61 French BANs. 5. Contact Nicolas Fritz 16, Rue de Turbigo 75002 Paris France T: +33 1 44 82 77 77 F: +33 1 44 82 77 76 E: [email protected] W: www.franceangels.org 6. Funding sources France Angels budget:

25%

15%20%

40% Membership Private Sponsorship

Public Sponsorship Activities

7. Lobbying The national network has established contacts with the relevant Ministries in order to discuss BA and BAN status, to improve legislation and to promote the BA concept. 8. Dissemination of the BAN concept France Angels provides tools to BANs (website, information centre, guide…). France Angels has created the concept of “business angels school” in order to set up or to develop business angel networks, by informing and training business angels. The “school” is a one day information event which takes place each time in a different town. 100 “schools” have been organised since 2001. In 2008, France Angels organized a succession of “business angels schools for the wide public” in Paris. The aim of these schools is different from classic “business angels schools” because they specifically want to inform virgin business angels of the activity of business angel and on the opportunities provided by the new tax laws. France Angels has also created a special 4-days training program for people who are interested in setting up BANs or who want to have a better understanding and to work with business angels (one seminar organised per year). In 2009, France Angels will develop a complete training program for virgin investors, business angels and entrepreneurs. “France Angels formation”, a dedicated training institute, has been recently created.

42

Business Angels Week: For the third time, France Angels organized in 2008 the Business Angels national week: 5 days, 5 towns and 5 events. The aim of this event is to promote the Business Angels activity and to recruit more Business Angels in France. Each day there are meetings and presentations of success stories. The three last events (2006, 2007 and 2008) were a great success. The public was large and satisfied; the press audience was exceptional. The next edition will take place in December 2009 (14th to 18th) based on the same model. On March 31st 2009, the president of France Angels changed. Mr. Philippe Gluntz, who was the president of Paris Business Angels network, replaced Mr. Claude Rameau, who was the head of France Angels since its creation (in 2001). 9. EBAN Members France Angels – Federal member Go Beyond – Transnational network Paris Business Angels Keiretsu Forum Paris Sophia Business Angels

43

KEIRETSU FORUM PARIS

Network details Contact person Jacques Sciammas Contact details 12-14, Rond-Point des Champs-Elysées

75010 Paris France T: +33 143 29 30 83 F: +33 174 18 08 01 E: [email protected] W: www.k4forum.com


Regional Development Agency Sectors of investment – deals closed in 2008 (%) Keiretsu Paris was launched in October 2008. Therefore there are no deals that have been closed yet. The network itself covers all sectors.


� Company Presentation Events � Due diligence support � Syndication � Training for investors � Training for entrepreneurs � Newsletters or Information bulletin � Co-investment schemes � Other Services: charitable events

44

Paris Business Angels

Network details: Contact person Georges Viglietti Contact details 16, Rue de Turbigo

75002 Paris France T: +33 1 44 82 77 73 E: [email protected] W: www.parisbusinessangels.com

Date of creation 2004 Partner organisati ons City of Paris,

Ile de France Region, Economy Minister.


9%

46%

45%


Software/Multimedia

Retail and services


� Company Presentation Events � Due diligence support � Syndication � Training for investors � Newsletters or Information bulletin � Co-investment schemes


44%

51%

2% 3% In the region where the network is locatedIn the country where the network is locatedOutside of the country but inside EuropeOutside Europe

45

Sophia Business Angels

Network details: Contact person Juliana Garaizar Contact details Espaces Antipolis, 300 Route des Crêtes

06902 Sophia Antipolis France T: +33 493006025 E: [email protected] W: www.sophiabusinessangels.com

Date of creation 01/09/2002 Partner organisations CCI Nice Cote d Azur

Incubator PACA Est, CERAM; Incubator Telecom Paristech Team Cote d Azur CERAM Business School Iris Capital Cambridge Business Angels Luxembourg Business Angels


18%

18%

19%

13%

13% 6%

13%


Software/Multimedia

Creative Industries


Retail and services

Health related

Manufacturing


� Company Presentation Events � Online matching � Due diligence support � Syndication � Training for entrepreneurs � Newsletters or Information bulletin � Co-investment schemes � Other Services: Informal Pitching Sessions


49%

13%

38%In the region where the network is located



46

GERMANY Country form provided by Business Angels Netzwerk Deutschland (BAND) e.V.

1. Background The first German BAN was set up in 1998. The same year also saw the creation of BAND, a national organisation whose objective is to raise awareness about the importance of regional BANs as factors of the emergence of a new entrepreneurial culture. BAND is sponsored by the Federal Ministry for Economics and Technology and by leading state agencies as well as by bodies from the financial sector and the industries. These original sponsors mainly formed the membership. BAND developed strong relations with potent media-partners. BAND has most recently restructured the membership to include Business Angel Networks. The Board has changed in 2000 and the headquarters moved to Essen, North Rhine-Westphalia. BAND provides information for entrepreneurs and Business Angels and the general public about Business Angel culture and acts as a speaker for their interest. BAND provides and organizes further education for all players in the market of Private Equity. 2. Statistics 2000 2001 2002 2003 Mid

2004 2005 2006 2007 2008

Number of BANs 43 36 40 40 40 40 39 25 39 Number of Business Angels

n/a 750 1200 1025 1025 about 1000

about 1000

About 1000

About 1400

Number of deals n/a n/a n/a n/a n/a n/a n/a n/a n/a Number of accredited projects

n/a n/a n/a n/a n/a n/a n/a n/a n/a


1 3 4 4 4 5 6 11*


1 35 37 36 36 36 34 19 19*

Number of national BANs 0 1 1 n/a n/a n/a n/a n/a 13* Number of regional BANs n/a 30 n/a n/a n/a n/a n/a 17* National association 1 1 1 1 1 1 1 1 1 * Among BAND members 3. Legal status of the networks BANs operating in Germany are set up as either public sponsored associations, non-profit associations or private enterprises. 4. National association The German association BAND was set up as early as 1998 to conduct an awareness campaign on the concepts of business angels and BANs in the regions. 5. Contact Dr. Roland Kirchhof / Dr. Ute Günther Semperstr. 51 45138 Essen, Germany T: + 49 201 89 415 –60 F: + 49 201 89 415 –10 E: [email protected] W: www.business-angels.de

2009

47

6. Lobbying BAND is namely conducting actions to secure a more attractive tax status for business angels and fight against tax discrimination against investment in the shares of unlisted companies compared to other forms of tangible or intangible investment. 7. Dissemination of the BAN concept BAND has established its website as the prime source of information about business angels culture and issues a quarterly newsletter. BAND has achieved the collaboration of 3 media-partners and organizes the annual German Business Angels Day. BAND provides jumpstart information for new networks through a BAND starter-kit. BAND also organizes seminars and conferences to various topics relevant to angel investors and entrepreneurs and has several working groups of business angels and business angel network managers dealing with important topics as syndication, taxes and financing of networks. 8. EBAN Members BAND – Federal member BAAR netzwerk|nordbayern BANSON Quantum Board – Transnational network (see section: Transnational Networks).

48

BANSON Business Angel Netzwerk e.V.

Contact details Contact person Rolf Richter, Uwe Köhler Contact details Rebenring 33

38106 Braunschweig T: +49 531 3804 266 F: +49 531 3804 269 E: [email protected] W: www.banson.net

Date of creation June 2003 Partner organis ations EBAN, BAND, FGF e.V., High-Tech

Gründerfonds GmbH, University of Braunschweig, FH Wolfenbüttel.


25%

25%25%

25%


Software/Multimedia


Health related


� Company Presentation Events: business angel club, 4/year � Online matching � Real matching events: 4-5/year � Due diligence support � Syndication � Training for investors � Training for entrepreneurs: individual trainings before each matching event � Newsletters or Information bulletin: internet based (website: www.banson.net) � Co-investment schemes


75%



49

f.u.n. netzwerk nordbayern gmbh

Network details Contact p erson Michaela Müller Contact details Neumeyerstraße 48

90411 Nürnberg, Germany T: +49 911-497248021 F: +49 911-497248049 E: [email protected] W: www.netzwerk-nordbayern.de


Incubator/Science Park Regional Development Agency University/Business School Other: netzwerk nordbayern is collaborating with everyone who is involved in working with innovative companies in the network. From a legal point of view, f.u.n. is independent.


21%

21%42%

6%10%

Software/Multimedia

Biotech


Other: Web 2.0

Manufacturing


� Company Presentation Events � Due diligence support � Syndication � Training for investors � Training for entrepreneurs � Newsletters or Information bulletin


60%

40%In the country where the network is located


50

Business Angels Agentur Ruhr e.V

Network details

Contact person Maria-Theresia Gerstung Contact details Semperstr. 51

45138 Essen Germany T: +49 201 894 1530 F: +49 201 894 1510 E: [email protected] W: www.baar-ev.de


Incubator/Science Park Regional Development Agency University/Business School Other


� Company Presentation Events � Syndication � Training for investors � Training for entrepreneurs � Newsletters or Information bulletin

51

GREECE

Country form provided by Mentoring S.A. 1. Background MENTORING S.A. was established in 2003 by professionals with long experience in providing business development and management consulting services. Today this is one of the fastest growing companies in Greece with a strong clientele from the private and public sector. Its services include client-oriented solutions through business planning, financing and advisory services with a focus on achieving long term measurable and sustainable success.

Angel investment is included in the company’s range of services, thus constituting the first Greek Βusiness Αngel Νetwork and the first Greek company member of EBAN. Focused on the creation of active nucleus consisting of business angels, it is in constant contact with other BANs in EU countries, it collaborates with companies which provide business capital (VCs, incubators), with banks, advisory companies, scientific organizations, development agencies, etc.

2. Dissemination of the BAN concept

In light of the launch of the largest EU funded Program aiding SME’s, MENTORING S.A. is actively undertaking projects aimed to enhance competitiveness in the private sector and among female and young entrepreneurs. MENTORING S.A. advisors and consultants are also offering seminars and mentoring services to females and young adults in an effort to educate and support their business ideas, to help increase their business knowledge, and synthesize current opportunities available in the market to offer them the best pathways to value.

With respect to the seed and early stage capital market in Greece, there are no specific programs or incentives being launched to support business angels. The only initiative from the Greek government regarding the equity finance is related with TANEO, which is a “fund of funds” and supports VC investments.

During the past few months two notable events were organized aiming at the promotion of Greek share capital market: - The 10th annual VC Forum (June 16-17 2009) held at the Athens Hilton Hotel, where

entrepreneurs, investors, top managers and policy makers from south-east Europe, the east Mediterranean and greater Europe presented investment proposals in pre-arranged bilateral meetings with executives of Venture Capital funds.

- A workshop organized by The Hellenic Association at Stanford (Hell.A.S.) in Palo Alto, CA which was focused on emerging technology oriented ventures in Greece and potential synergies with Silicon Valley ecosystem. The event hosted presentations about the current entrepreneurship status in Greece, success and failure stories, the potential sources of capital in Greece, emerging collaborative initiatives etc.

3. EBAN Members Mentoring S.A.

2009

52

Mentoring S.A.

Network details Contact person Despina Tsalavouti / Maria Koumarianou Contact details 296 Kifisias Ave & 40 Navarinou Str.

152-32 Halandri, Athens Greece T: +30 210 6800743 F: +30 210 6800744 W: www.mentoring.com.gr E: [email protected]; [email protected]


Incubator/Science Park Regional Development Agency University/Business School Other


� Investment and networking meetings

53

HUNGARY Country form provided by the First Hungarian Business Angel Network in collaboration with HUBAN

1. Background INNOSTART National Business and Innovation Center pioneered in raising awareness and supporting the business angel concept and culture in Hungary. Since 2001 business angel clubs have been organized where mainly technology entrepreneurs pitched their projects for investors. The subsequent step was made in January 2007 when the First Hungarian Business Angel Network (FHBAN) was established by INNOSTART. Its mission is to create a business angel financing culture in Hungary for the better financing of ventures and technologies of tomorrow. Due to the reputation, experience and networking of INNOSTART, the FHBAN screens an average of 150-200 projects, inventions, enterprises every year out of which about 15-20 are ready to be introduced to investors. The FHBAN has built up a structured database containing about 40 business angels, 10 early stage venture capital investors and 10 M&A or VC consulting firms. FHBAN makes efforts to broaden its international investor pool, involving in its activities cross-border investors and European VC funds. It organises 3-4 business angel clubs and 1-2 conferences about VC and BA every year while also carrying out continuous media campaigns. Before FHBAN, the BA concept was quite unknown in Hungary. The FHBAN has developed and is operating three channels for match making and a transparent process was worked out for screening and for investment readiness: registered entrepreneurs can meet with investors in the BA clubs and can also search the online portal of FHBAN (uzletiangyal.net), a database of registered projects; the third channel is the circulation of teasers among the investors. FHBAN joined EBAN officially in 2009, but since 2006 it has attended the congresses and the winter universities of EBAN. At the congress in 2006 the director of INNOSTART was an invited speaker. A new network, HUBAN Ltd., was established in 2009 in Győr exploiting the results and experiences of the Ready for Equity project. 2. Statistics 2007 2008

Number of BANs* 1 1 Number of Business Angels** 35 50 Number of deals 1 1 Number of accredited projects 170 15 Number of commercial BANs 0 0 Number of non-commercial BANs 1 1 Number of national BANs 1 1 Number of regional BANs 0 0 National association 0 0 * HUBAN Ltd. was founded in 2009. ** registered by FHBAN only 3. Legal status of the networks FHBAN operates within the organisation of INNOSTART. INNOSTART is a non-profit foundation established by NGOs (Hungarian Association of Innovation, Confederation of Hungarian Employers and Industrialist, The Hungarian Chamber of Commerce and Industry, INNOTECH Ltd.). HUBAN Ltd. operates as for-profit organisation.

2009

54

4. National association Hungary does not have a national business angel association. FHBAN operates at national level but most of their investors and enterprises come from the Central Hungarian Region where FBAN has its registered office. 5. National/regional Support FBAN received about 30.000 EUR financial support (grant) from the regional government in 2007 for the creation of the FHBAN. Other costs are covered directly by INNOSTART and partly by entrepreneurs seeking VC. 6. EU support INNOSTART, the mother organisation of FHBAN, has participated in many EU financed project. The purposes of the projects SEED-REG (closed in 2007) and Innovation Coach (closed in 2008) fit the mission and concept of FHBAN and supported its activities. FHBAN did not receive any direct EU support for its operation. 7. Dissemination of the BAN concept The creation of FHBAN in January 2007 raised a lot of attention in all national media. Due to the press conference and press release many articles were published about business angel activity and importance of angel investing. Beside this our activities and results are regularly published on websites, newsletters and in printed media. The manager of the BAN is permanent speaker of conferences on innovation, SMEs and financing. In 2009 a raising awareness project entitled “Talented Hungary” was launched supported by the National Office of Research and Technology in cooperation with a national business daily newspaper called Daily Economy. Once a month a FHBAN appendix is issued in this newspaper which deals with business angel financing and promising ventures seeking VC is introduced. 8. EBAN members First Hungarian Business Angel Network: www.uzletiangyal.net (only in Hungarian at the moment) HUBAN Ltd.: www.huban.hu.

55

First Hungarian Business Angel Network

Network details Contact person Zsolt Makra Contact details INNOSTART National Business and Innovation

Center 130. Fehervari Street 1116 Budapest Hungary T: +36 (1) 382 1508 F: +36 (1) 382 1510 E: [email protected] W: www.innostart.hu , www.uzletiangyal.net

Date of creation 2007 Partner organisations Chamber of Commerce, Incubator, Regional

Development Agency, University.


50%50%


Manufacturing


� Company Presentation Events � Online matching � Training for entrepreneurs � Newsletters or Information bulletin � Other services: business planning


100%


56

HUBAN Ltd.

Network details Contact person Christian Schlag Contact details Szent Istvan ut 10/A

9021 Györ Hungary T: +36 30 580 3040 F: +36 96 520 291 E: [email protected] W: www.huban.hu

Date of creation April 2009 Partner organisations Chamber of Commerce and Industry Györ Services are offered by the organisation

� Company Presentation Events � Due diligence support � Syndication � Training for investors � Training for entrepreneurs � Newsletters or Information bulletin � Co-investment schemes

57

ITALY Country form provided by IBAN

1. Background The Italian angel investing market began its “start-up” phase in the late ‘90s, mainly as a particular interest from BIC Network (Business Innovation Center) in the Northern part of Italy. During 10 years, the angel investing market has increased and nowadays it has structured as:

� Regional/local BANs managed by public institutions � Regional/local BANs managed by private investors � Angel Investment Clubs � Thematic BANs operative in all country � Independent/autonomous business angels.

IBAN Association, as federation of Networks and autonomous business angels, is the institution that truly knows and represents the Italian informal venture capital investors as a whole. For this reason, IBAN is the exclusive institution that can collect and analyse available data concerning the Italian angel market. 2. Statistics 2000 2001 2002 2003 2004 2005 2006 2007 2008 Number of operative BANs 5 12 11 10 12 11 11 7 10 Number of Business Angels 183 300 350 350 219 292 260 310 Number of accredited/submitted projects

635 655

Number of deals closed 102 120 Total amount invested (€) 19.5 M 31.1 M Average amount per deal (€) 185.000 213.000* Number of commercial BANs 0 0 0 0 2 2 1 2 4 Number of non-commercial BANs

5 12 11 10 10 9 10 5 6

Number of national BANs 0 0 0 0 1 1 1 0 3 Number of regional BANs 5 12 11 10 11 10 10 7 7 National association 1 1 1 1 1 1 1 1 1 * If the average amount per deal is € 213.000, Survey 2008 has pointed out a strong convergence around two different values (10% of the sample invested around 1M/€ or more and 90%, on the contrary, invested around 50.000€ per deal or less). 3. IBAN funding sources 2008

75%

25% Sponsorship/EU funded projects

Fees from BANs/Bas

4. Legal status of the networks 7 BANs are set up as non-profit organizations and 3 are a commercial BANs. The regional BANs are, mostly, an emanation of BICs, Universities/Liaison Offices and public/private Institutions. Starting from 2008, in addition, there has been the establishment of 2 “thematic” BANs (Digital BAN and BAN Life Science) and 1 Club of Angel Investors (IAG).

2009

58

The founding sources come usually from fees (entrepreneurs and angels), regional funds and local sponsors (especially banks, chambers of commerce and entrepreneurial associations). 5. National association IBAN is the Italian National Association focused on the development and the growth of the Business Angels phenomena in Italy. IBAN's members are BANs, investors clubs, business angels and professionals in matching investors (formal and informal) with entrepreneurs. In addition, IBAN has links with the Italian Venture Capital Association (AIFI) and local and national associations of entrepreneurs. In particularly, the Association, as of January 2009, include more than 120 Members. IBAN’s expertise include:

� Increasing the sources of financing for unlisted SME and start-ups � Scouting and helping the financing of start-ups and SMEs (investment readiness) � Recruiting BA and facilitating the setting up of BA networks and clubs (ready to invest) � Organizing investment forum between investors and companies searching for capital � Organizing Business Angels Academy training events � Stimulating the exchange of experience among business angels networks and encouraging

“best practices". IBAN has created a strong “relationship network” that links Institutions and Economic Operators know–how and expertise, covering the entire “value chain” in the “early stage phase”. In this way, IBAN can really support “start–up” enterprises in their growing process. In order to reinforce Business Angel’s know-how and support networking and exchanges of best practices among them, IBAN has:

1) established the first Business Angel Academy in Italy; 2) published the “Guide to setting up of a business with Business Angel” in partnership with

KPMG Italy.

IBAN is an institutional interlocutor of all working groups set up by Italian Ministry for Economic Development concerning competitiveness strategic factors: risk capital finance, entrepreneurship, research and innovation. IBAN is frequently invited as expert in the European Commission, WIPO, UNECE working groups activity. IBAN has also adopted – since 2000 - a Code of conduct that clarifies the rights and duties of BANs and BAs. 6. Contact IBAN Mr. Paolo Anselmo Via Borgonuovo 5 20121 Milano Italy T.: +39 02 89.01.12.07 F.: +39 02 89.01.12.99 E: [email protected] W: www.iban.it; 7. Lobbying In 2008 IBAN, working together with Finance and Economic Development Ministries, presented along with AIFI (Italian Venture Capital Association) and two important Italian key players (Assonime and Eversheds Piergrossi Bianchini), a law proposal, subsequently approved, concerning new fiscal incentives available to business angels in Italy (D.L. n. 112/2008 – art. 3 – New dispositions). During its past activity, IBAN, in order to create a legal and fiscal framework more appropriate to develop the private informal investors market, has established a dialogue with the relevant Italian Ministries with the aim of clarifying the legal status of BANs with regard to several existing statutes. Since October 2000, IBAN has submitted to the Italian Ministries attention a law proposal concerning the tax status of the business angels investment activities. Other documents were presented in 2003, in 2004 and in the end 2007 Commissione Biasco at Ministry of Economic Affairs.

59

In 2005, IBAN presented the IBAN white paper “The informal risk capital development in Italy”; with the purpose of adapting to the Italian business context some best practices and proposals promoted by EBAN. In 2006, IBAN published the “Business Angels manual” containing a specific legal and fiscal Q&A section; it has been updated in 2007. 8. Dissemination of the BAN concept In 2008, the economic daily newspapers Il Sole 24ore and Italia Oggi; the weekly magazines Milano Finanza and Il Mondo Economico, Affaritaliani.it and many others newspapers, magazines and web-press have published several feature articles on IBAN, BAN and BA activities. IBAN Association has participated at National Award “Premio Nazionale Innovazione – Start Cup” and Business Plan Competition in Reggio Emilia with Unicredit Bank; Roma and Bologna BANs have promoted some Investment Forums. 9. EU Projects (2008) EASY Ready for Equity!1 Ready for Equity!2 10. EBAN Members IBAN Italian Angels for Growth 11. IBAN circuit BANs/Clubs 2008 fully connected to IBAN. All the BANs are managed following the IBAN code of conduct.

(2) BAN Toscana Sud has finished its activities in 2008; (3) BAN Puglia finished its activities at the end of 2008; (4) BAN Sardegna finished its activities in 2007; a new establishment in 2009; (5) IAG is a Club of Angel Investors that invests only through syndication; (6) Average not weighted.

FIGURES (2008) Project

submitted Number of

Angels Deals Made Average amount

per deal in Euros LAZIO 28 13 8 21.250 TOSCANA SUD (2) 0 0 0 0 PUGLIA (3) n/a n/a n/a n/a UMBRIA 5 1 1 90.000 SARDEGNA (4) N/a N/a N/a N/a BOLOGNA 0 12 0 0 BRESCIA 106 20 2 250.000 VENETO 6 14 0 0 BAN LIGURIA 10 8 0 0 BAN CAMPANIA – CASERTA 2 5 1 30.000 DIGITAL BAN 30 11 0 0 LIFE SCIECE BAN 3 4 1 70.000 IAG (Italian Angel for Growth)/CLUB (5)

11 39 1 175.000

TOTAL BANs/Club 201 127 14 € 106.000 (6) OTHER INVESTMENTS 454 183 106 € 292.000 (6) TOTAL ITALY MARKET 655 310 120 € 213.000 (6)

60

Italian Angels for Growth

National details: Contact person Marco Villa Contact details Via Manzoni 44

20121 Milano Italy T: +39 02 7645 571 F: +39 02 7645 5750 E: [email protected] W: www.italianangels.net

Date of creation 12/12/2007


100%



� Company Presentation Events � Due diligence support � Syndication � Training for entrepreneurs � Newsletters or Information bulletin � Co-investment schemes � Other Services: investor visits to the most developed vc markets and to the most innovative

areas of the home country


100%


61

IRELAND

HALO Business Network & The Association of E.C. Business & Innovation Centres in Ireland

HALO BUSINESS NETWORK (HBN) – Federal Member Diane Roberts 51-52 Fitzwilliam Square West, Dublin 2 T: +35 316650420 F: +35 316650480 E: [email protected] W: www.halobusinessnetwork.com

2009

62

The Association of E.C. Business & Innovation Centr es in Ireland

Network details

Contact person Michael Culligan Contact details Dublin Business Innovation Centre

The Tower, TCD Enterprise Centre Pearse Street Dublin 2 Ireland T: +353-1-4100818 / 4100819 E: [email protected] W: www.dbic.ie/index.php?page=access_to_finance

Date of creat ion Sept 2005 Partner organisations Enterprise Ireland, InterTrade Ireland and the Irish

Business and Innovation Centres


38%

30%

8%

8% 8%

8%


Software/Multimedia


Retail and services

Manufacturing

Other

Services offered by your organisation

� Company Presentation Events � Online matching � Syndication � Other services: Incubation space provision


100%


63

LUXEMBOURG

Country form provided by Luxembourg Business Angels Network - LBAN. 1. Background The only Luxembourg BAN was established as a private initiative with the support of the Ministry of the Economy and the Chamber of Commerce in November 2004. 2. Statistics 2004 2005 2006 2007 2008 Number of BANs 1 1 1 1 Number of Business Angels 12 14 16 18 18 Number of deals 2 2 1 2 Number of accredited projects 30 30 30 28 Total amount invested (in €) 80.000 Number of commercial BANs 0 0 0 0 0 Number of non-commercial BANs 1 1 1 1 1 Number of national BANs 1 1 1 1 1 Number of regional BANs 1 1 1 1 1 National association 1 1 1 1 1 3. Legal status of the network LBAN is a private non profit organisation. 4. Contact Steve Glangé 15-17 Avenue Gaston Diderich BP 823 L-2018 Luxembourg T: +352 40 40 34 455 F: +352 29 10 30 E: [email protected] W: www.lban.lu 5. Lobbying Co-operation with national and international public and private organisations. 6. Dissemination of the BAN concept Yearly through Educating Virgin Angels events as well as the hosting of the EBAN 2008 Winter University. 7. EBAN Members LBAN

2009

64

Luxembourg Business Angel Network - LBAN

Network details: Contact person Steve GLANGE/Chris VIGAR Contact details 15-17 Avenue Gaston Diderich BP 823

L-2018 Luxembourg T: +352 40 40 34 455 F: +352 29 10 30 E: [email protected] W: www.lban.lu


Technoport Schlassgoart Luxinnovation Ministry of the Economy Bourse de Luxembourg Banque de Luxembourg FirstTuesday Luxembourg HTGroup


80%

10%10% ICT/Telecommunications/Mobile

Software/Multimedia

Biotech


� Company Presentation Events � Newsletters or Information bulletin


100%


65

MALTA

Country form provided by Malta BAN 1. Background Malta BAN is a professional business angel network, established by experienced business angels, to foster more private equity investment in Malta. Due to Malta’s relatively small size and island status, along with an undeveloped capital venture market and culture both formal and informal, structures are necessary to leverage the potential of formal business angel activities through a network, and sustain entrepreneurs in their ventures. Local business angels have an eye for foreign investments along with local entrepreneurs seeking to establish themselves in markets outside Malta. Such aspects make Malta BAN unique in their focus and international outlook. 2. Background statistics 2004 2005 2006 2007 2008 Number of BANs 1 1 1 1 1 Number of non-commercial BANs 0 0 0 0 0 Number of commercial BANs 1 1 1 1 1 3. BAN legal status Malta BAN is a private limited company registered in Malta and is a national representative for BA's (Business Angels) and BA syndicates. 4. National association

None as Malta BAN is the only BAN in Malta. 5. Dissemination of the BAN concept Two pronged educational and awareness programme targeted directly at stimulating angels and entrepreneurs, both of which need to be available for this endeavour to succeed. Events include Seminars and training sessions In 2008, the focus was on liaising with the government agency responsible for entrepreneurship who was setting a “ready for financing” program to build entrepreneur skills for investor readiness to increase the small number of Maltese businesses ready for business angels. 6. EU Support None 7. EBAN Members Malta BAN

2009

66

Malta BAN

Network details: Contact person Brigitte Baumann / Jacques Sciberras Contact details 91A/2, Archbishop Street,

Valletta Malta T: + 356 9989 5227 E: [email protected] W: www.maltaban.com



� Training for investors � Training for entrepreneurs � Personalised deal flow and early stage financing consulting services.

67

THE NETHERLANDS

Country form provided by TechnoPartner 1. Background

In the Netherlands, informal capital activities emerged as early as in 1995 from a private initiative known as NeBIB. NeBIB is a nation-wide organization. Since a few years there are more and more networks active. The Dutch cabinet deems it important to stimulate informal investments in the Netherlands. Many companies have been able to become successful because they were supported with funding, expertise and coaching by business angels during a time when other financiers had no faith in their business plans. The Ministry of Economic Affairs launched a Business Angel Programme in 2005. This programme provides entrepreneurs - who are on the lookout for risk capital - and potential investors with information regarding informal investments. Although the programme has had a positive impact on informal investments, the greater part of business angel investments remains untapped by entrepreneurs. As of 2009, Minister Van der Hoeven of the Dutch Ministry of Economic Affairs will bolster the “Business Angel” programme with an annual 2 million euros. Among other things, this boost should help new and innovative companies with solid business plans to attract “Business Angel” capital. According to estimates, this financial impulse should create a spin-off of at least 25 million euros in additional business finance on an annual basis. One of the initiatives funded by the 2-million euro financial boost is a training programme aimed at preparing both business angels and entrepreneurs who are looking for risk capital for investment. In addition, the funds will be spent on more publicity concerning the possibilities of informal investments and on reinforcing the business angel networks. The Business Angel Programme is managed by TechnoPartner. A detailed activity plan, drawn up in close collaboration with the business angel networks, will be presented in 2009. 2. Statistics

2000 2001 2002 2003 Mid

2004 2004 2005 2006 2007 2008*

Number of BANs 1 2 2 3 3 (4*) 4 (5*) 4 4 8 10 Number of Business Angels

104 110 119 101 94 N/a 500 ++

500+ 1904 2105

Number of deals 19 14 10 N/a 65 74 75 86 Number of accredited projects

123 115 104 79 44 N/a 250 312 280 380


1 1 1 1 1 1 1 1 2 4


1 1 1 2 2 3 3 3 5 6


1 1 1 1 1 1 1 3 3 4


0 1 1 2 2 3 3 1 3 6

National association 0 0 0 0 0 0 0 0 0 0 *Data provided by the Dutch Foundation of Business Angel Networks.

2009

68

3. Legal status of the networks

� NeBIB was set up as a private organization � Oost NV/Meesters van de Toekomst is a part of a regional development agency � Flevolands Informal Investors Network is also part of a regional development agency � ABN AMRO has a small department within the bank, so has Schretlen/Rabobank � The Informal Investors Network is a syndicate of angels � Informal Capital Network B.V. is a syndicate of angels � Maxwell Group and Esbro BV are private companies � Bid Network is an international network, aiming at entrepreneurs from developing countries

4. National association Seven Dutch Business Angel networks NeBIB, Maxwell Group, Schretlen & Co/KplusV Organisatieadvies, TINN, Meesters van de Toekomst, Flevolands Informal Investment Netwerk and BiD Network have initiated the setup of the Business Angels Network Nederland Foundation in full cooperation with the Ministry of Economic Affairs. This foundation launch is foreseen on September 29th at Naturalis in Leiden. More details are to be found at: http://bannederland.nl/pages_uk/ 5. Dissemination of the BAN concept

� The BANs and the Ministry of Economic Affairs/Technopartner from a nationwide Awareness

program (BAP) 60 meetings per year throughout the country. 2000+ visitors � Training programs in contracts, sales and communication, fiscal studies, etc. � Preparing for 2009, Investor readiness and Investment readiness Training

6. EU support

� NeBIB and OOST NV participated in the EU co-funded (Leonardo) Ready for Equity! Project

concerning investment readiness activities. 7. EBAN members NeBIB Development Agency East Netherlands TechnoPartner BID Network Foundation ESBRO B.V. Maxwell Group

69

BiD Network Foundation

Network details Contact person Anneke Evers Contact details Sarphatistraat 656

1018 AV Amsterdam The Netherlands T: +31 207555000 F: +31 848300022 E: [email protected], [email protected] W: www.bidnetwork.org

Date of creation 01/01/2007 Partner organisations Ministry of Foreign Affairs, National Postcode

Lottery, ICCO, NCDO, KPMG, Rabobank, ING and others.


5%

30%

15%

30%

15%

5%



Retail and services

Health related

Manufacturing

Other


� Company Presentation Events � Online matching � Due diligence support � Syndication � Training for entrepreneurs � Newsletters or Information bulletin � Co-investment schemes � Other services: Investor representation in 12 emerging markets: basic verification, due

diligence (pre-deal), mentoring and monitoring (post-deal).


100%

Out of Europe

70

EsBRO B.V.

Network details Contact person Gerrit Jan Broeze Contact details Postbus 245

7670 AE Vriezenveen The Netherlands T: +31 546 543 590 F: +31 546 543 599 E: [email protected] W: www.esbro.org

71

MAXWELL GROUP Contact person Linda Froon Contact details Science Park 400

1098 XH Amsterdam The Netherlands T: +31 20 692 63 00 F: +31 20 692 69 59 E: [email protected] W: www.maxwellgroup.nl

Date of creation 01/01/2005 Partner organisations University


30%

20%20%

10%

20%


Creative Industries

Retail and services

Health related

Other


� Company Presentation Events � Training for investors � Training for entrepreneurs


20%

80%



72

NeBIB

Contact person Ben Lacor Contact details Jansdam 2a

3512 HB Utrecht The Netherlands T: + 31 900-23563242 E: [email protected] W: www.nebib.nl

Date of creation 10/05/1995 Partne r organisations Incubator


25%

15%5%

20%

10%

15%

10%


Software/Multimedia

Biotech


Retail and services

Health related

Manufacturing


� Company Presentation Events � Syndication � Training for investors � Training for entrepreneurs � Newsletters or Information bulletin


100%


73

OOST NV – DEVELOPMENT AGENCY OF EAST NETHERLANDS

Contact person René Reijtenbagh Contact details Postbox 5215

6802 EE Arnhem The Netherlands T: +31 263 844 222 F: +31 263 844 244 E: [email protected] W: www.meestersvandetoekomst.nl

Date of creation 01/01/1996 Partner organisations Regional Development Agency


20%

20%

5%10%

20%

20%

5%


Software/Multimedia

Biotech

Creative Industries


Retail and services

Manufacturing


� Company Presentation Events � Syndication � Training for investors � Training for entrepreneurs


100%


74

NORWAY

1. Background information According to a recent study carried out by the Nordic Innovation Center regarding “Challenges and Initiatives for the Nordic Seed Stage” and aimed at promoting a common Nordic seed capital market, some of today’s Norwegian seed market characteristics and challenges are: • Relatively low overall supply of seed capital. There are too few experienced investors. • The supply of private capital in the seed stage is still too limited, and most capital in the seed stage is provided by public schemes. In the recent years some positive trends have been observed in terms of the number of private investors active in the early stages. Moreover, several projects have been executed to promote business angel investment as well to create a national network of business angels in Norway17. 2. Existing BANs in Norway

- Seed Forum Norway - ArticBAN - Connect Norge - Connect Vest-Norge - Connect Nord Norge - Connect Ostandlet

3. EBAN members Connect Vest

17 Marcus Zackrisson, Challenges and Initiatives for the Nordic Seed Stage, Nordic Innovation Center, June 2009.

2009

75

CONNECT Vest BAN

Network details Contact person Solveig Holm Contact details Thormohlensgate 61

5006 Bergen Norway T: +47 92058531 E: [email protected] W: www.connectvest.no


Incubator University Business School Other: CONNECT-network in the Nordic and Baltic countries, UK, US and other countries


� Company Presentation Events � Online matching � Syndication � Training for entrepreneurs � Newsletters or Information bulletin.

76

POLAND

Country form provided by Lewiatan BA

1. Background In Poland, there are currently 5 business angels networks: 1) the Lewiatan Business Angels (LBA), founded in January 2005 2) the Business Angels Network Poland (PolBAN), founded in 2003 3) the Silesian Business Angels Network (SilBAN), established in September 2006 4) the Lublin Business Angels Network, founded in 2007 5) the Regional Network for Equity Investors RESIK, established in March 2008.

At the national level there are 2 Business Angel networks in Poland: Lewiatan Business Angels (LBA) and PolBAN. The LBA and PolBAN have the same aims and objectives as other members of the European Business Angel Network (EBAN): acting as honest brokers and a “marriage bureau” for private investors and entrepreneurs who are seeking funds for their new ventures. Lewiatan Business Angels, the largest and most active business angels network in Poland, is a club of angels set up by the Polish Confederation of Private Employers Lewiatan. Today LBA has established an extensive angel network in Poland and till end of 2008 finalized 8 investments in different sectors/branches.

2. Statistics

2002 2003 2004 2005 2006 2007 2008 2009* Number of BANs 0 1 1 2 3 4 5 5 Number of Business Angels n/a n/a n/a n/a n/a n/a n/a 76 Number of deals n/a n/a n/a 3 3 4 4 2 Number of accredited projects n/a n/a n/a n/a n/a n/a n/a 58 Number of commercial BANs 0 1 1 1 1 2 2 2 Number of non-commercial BANs 0 0 0 1 2 2 3 3 Number of national BANs 0 1 1 2 2 2 2 2 Number of regional BANs 0 0 0 0 1 2 3 3 National association 0 0 0 0 0 0 0 0 *Data for the year 2008 received from 3 BANs out of 5 in Poland. 3. BAN legal status LBA is a project managed under Polish Confederation of Private Employers Lewiatan. 4. National association Poland does not have national business angel association. 5. National/regional Support Lewiatan Business Angels does not have any financial support from national or regional government. However, we work closely with university incubators, technology parks, regional development agency and educational institutions.

2009

77

6. EU support Lewiatan Business Angels is a beneficiary of the Innovative Economy Operational Programme 2007-2013. 7. Dissemination of the BAN concept Lewiatan Business Angels promotes the BAN concept in the following way:

- organization of the countrywide conferences for the entrepreneurs/ investors - organization of the “business plan contests” - organization of the countrywide campaign promoting the BAN concept and business angels

activities in general - organization of educational seminars on commercialization of technology. - Promoting EBAN on the European scale by delivering a BA presentations on the international

conferences i.e. EU Finance Day, VCIT in Portugal or International Conference on Knowledge-Based Development in Belarus.

LBA cooperates with universities, university incubators, technology parks, regional development agency and other educational institutions in order to promote the BAN concept in the most effective way. Publications in the most prestigious newspapers maintain a strong LBA presence in Polish press. There were plenty of articles and interviews published in national business papers, magazines and newspapers over the last few years. LBA appears in such national newspapers as: Rzeczpospolita, Gazeta Wyborcza, Forbes, Manager Magazine, Puls Biznesu, Biznes Warszawski, Gazeta Bankowa, Gazeta Prawna, American Investor, Parkiet, Nasz Rynek Kapitałowy, Super Nowości, Życie Warszawy, Materiały Budowlane. The following radio stations promoted LBA: Program 3, Radio PIN. LBA appears also on the TVN Bilans. 8. EBAN members Lewiatan Business Angels SILBAN

78

Lewiatan Business Angels

Network details Contact person Jacek Blonski Contact details Ul. Klonowa 6

00-591 Warszawa Poland T: +48 22 84 5 95 96 F: +48 22 84 5 95 51 E: [email protected] W: www.lba.pl/anioly_biznesu

Date of creation 2005 Partner organisations Polish Conferderation of Private Employers

Lewiatan


100%

Other

Services offered by the organization

� Company Presentation Events � Online matching � Training for entrepreneurs � Other Services � Investments meetings/networking meetings, conferences and workshops


100%


79

SilBAN - Slaska Siec Aniolow Biznesu

Network details Contact person Wojciech Zbróg Contact details Fundusz Górnośląski SA., Sokolska Street 8

40-086 Katowice Poland T: +48 32 200 84 08 F: +48 32 256 33 17 E: [email protected]; [email protected] W: www.silban.pl

Date of creation 03/04/2006 Partner organisations Regional Development Agency


100%



� Company Presentation Events � Newsletters or Information bulletin


100%


80

PORTUGAL Country form provided by FNABA in collaboration with APBA

1. Background information

Portugal entered 2008 with a new legal framework for business angels. By 8th November 2007, a new law (DL 375/2007) was enacted creating a new legal entity – Venture Capital Investor (Investidor em Capital de Risco), the so-called business angels. This law allowed individuals to register as business angels in the Portuguese Securities Market Commission (CMVM) with similar legal requisites of venture funds.

The new legal framework, however, was considered by many business angels very disappointing as regards its expectations as it required significant costs in CMVM registry, tax procedures and accounting. As a result, only few business angels were registered at CMVM.

Given this situation both leading associations of business angels networks in the country FNABA and APBA developed efforts to change this legal structure.

APBA, in collaboration with a very well-known Portuguese law firm Magalhães Associados, prepared and filed before the Secretary of State of Fiscal Affairs, the Secretary of State of Industry and Innovation and CMVM a well grounded study proposing several amendments to the law. Not only as regards the tax subject but also as regards the legal nature of business angels

FNABA, in partnership with Mazars Consultancy, developed a proposal for an appropriate tax framework resembling the UK and French tax schemes that would foster the registry of Business Angels in Portugal and stimulate their investment activity. To achieve these results, FNABA met with different government institutions/representatives during the year, namely CMVM (Portuguese Securities Market Commission), the Secretary of State for Industry and Innovation, the Secretary of State for Tax Issues and the Secretary of State for Treasury and Finance.

As a complement to a more appealing tax framework, FNABA designed a Co-Investment scheme to be run in partnership with public funded Venture Capital – BA Partners. The BA Partners lobbying initiative aims to create a privately managed investment fund to be raised by public and private capitals (Business Angels). Inspired in the Dutch Techno Partner Program, FNABA proposed BA Partners to several institutions to be implemented during 2009.

A Co-Investment (public-private) Scheme is already in place under public management. However, its results have not been very extensive with only 60 companies being funded in the past three years.

Business angels activity started formally in Portugal in 1999 with Gesventure/Business Angels Club and has in the past years grown to 11 active associations in 2008, namely, FNABA – Federação Nacional de Associações de Business Angels (national) and its 9 associates (Vima Angels, Invicta Angels, Covilhã Business Angels, Centro Business Angels, OPEN Business Angels, Clube de Cascais, Business Angels Club, Alentejo Business Angels and Algarve Business Angels).

Created at the beginning of 2006, APBA – Associação Portuguesa de Business Angels - brought a new dynamic to the angel investment (one million euros in 2007) and was a pioneer to establish protocols of co-investment with public and private entities for innovation projects as Inovcapital and EDP Inovação.

In 2008 one new regional network was created during the year - OPEN Business Angels, located in Marinha Grande (Central Portugal).

During 2008 and following the Business Angels Leaders Forum held in Estoril (Portugal) in 2007, FNABA has given full support to the creation of the World Business Angels Association, which was formally announced as association in April 2009.

2009

81

2. Statistics 2000 2001 2002 2003 2004 2005 2006 2007 2008 Number of BANs 1 1 1 1 1 1 6 10 10 Number of Business Angels 10 14 16 18 21 24 200 430 437 Number of deals 1 1 1 1 3 11 12 Number of accredited projects 6 4 5 5 6 4 60 91 303 Total amount invested (M EUR) 1 1.3 Number of commercial BANs 1 1 1 1 1 1 1 0 0 Number of non-commercial BANs - - - - - - 1 9 10 Number of national BANs 1 1 1 1 1 1 2 3 3 Number of regional BANs - - - - - - 4 7 7 National association - - - - - - 2 2 2 3. Legal status of the networks All existing networks are legally established associations. 4. National association – EBAN Members The Portuguese National Federation of Business Angels (FNABA – www.fnaba.org) was formally created in February 2007, with the mission of representing the interests of all regional networks established in Portugal. Currently it represents 9 associations: Vima Angels, Invicta Angels, Covilhã Business Angels, Centro Business Angels, OPEN Business Angels, Clube de Cascais, Business Angels Club, Alentejo Business Angels and Algarve Business Angels. The Portuguese Association of Business Angles (APBA - Associação Portuguesa de Business Angels: www.apba.pt) was formally set up in March 2006 and is grounded “to promote entrepreneurship thus making a relevant contribution to the growth of an innovative economy” in Portugal. Since its creation, APBA has reinforced its presence with more than 100 individual investors, more than 150 pending projects, several conventions and protocols with a dynamic network encompassing Universities, IT centres and Venture Capital firms. Gesventure/Business Angels Club - Associação Portuguesa de Investidores em Start Ups (www.businessangels.pt) was set up in 1999 being the first BA group in Portugal. Currently it holds 88 business angels with active investments in different sectors countrywide. Gesventure/BAC is an important disseminator of information about Business Angels activity in Portugal through its regular events. 5. Contact FNABA – Federação Nacional de Associações de Busine ss Angels Francisco Banha Rua 7 de Junho de 1759, N° 1 2760-110 Caxias Portugal T: +351 214 416 460 F: +351 21 441 73 87 E: [email protected] W: www.fnaba.org APBA – Associação Portuguesa de Business Angels Joao Larroude Trigo Da Roza Av. 5 de Outubro, nº 10-1º 1050-056 Lisboa Portugal T : +351 96 916 03 25

82

F : +351 21 353 41 94 E : [email protected] W: www.apba.pt 6. Lobbying

• APBA, in collaboration with a very well-known Portuguese law firm Magalhães Associados, prepared and filed before the Secretary of State of Fiscal Affairs, the Secretary of State of Industry and Innovation and CMVM a well grounded study proposing several amendments to the law. Not only as regards the tax subject but also as regards the legal nature of business angels.

• FNABA, in partnership with Mazars Consultancy, has developed a proposal for an appropriate tax framework resembling the UK and French tax schemes that would foster the registry of business angels in Portugal and stimulate their investment activity. To achieve these results, FNABA meet with different government institutions/representatives, namely CMVM (Portuguese Securities Market Commission), the Secretary of State for Industry and Innovation, the Secretary of State for Fiscal Affairs and the Secretary of State for Treasury and Finance.

• APBA board members also did intensive lobbying near the Secretary of State for Fiscal Affairs to develop the best legal and fiscal framework for business angels in Portugal. APBA met with many high level government officials to discuss issues around BA’s activities, specially the tax situation.

• FNABA has designed a Co-Investment scheme to be run in partnership with public funded

Venture Capital – BA Partners. The BA Partners lobbying initiative aims to create a privately managed investment fund to be raised by public and private capitals (business angels). Inspired by the Dutch Techno Partner Program, FNABA proposed BA Partners to several institutions to be implemented during 2009. FNABA has presented this initiative to the following institutions: - PME Investimentos (Public Venture Capital Funds Manager) - IAPMEI (Portuguese SME Development Agency) - Competitivity Operational Program Manager (National Strategic Reference Framework)

• APBA has signed in a protocol agreement with Inovcapital - the public venture capital fund of reference from the Ministry of the Economy and the Innovation with particular responsibilities in the financing of innovative companies, with a strong focus on start-ups- and this partnership has worked hard through the promotion of the entrepreneurship and the proactive participation in the capital of companies.

• FNABA was supported in the launch of the new World Business Angels Association – process that started in October 2007 and resulted in the creation of the WBAA in April 2009 - by leading institutions in the start-up funding environment such as IAPMEI, InovCapital and Cascais Municipality.

7. National/regional support None 8. EU support Gesventure participated as a partner in the EASY Project from 2006-2008.

9. Dissemination of the BAN concept

83

FNABA organized the 2nd National Business Angels Week (September, 2008; www.fnaba.org/2snba), initiative that presented the subject in 5 different locations with the local support of existing/emerging networks. The 2008 edition took place in Évora (Alenbiz – Alentejo Business Angels & Algarve Business Angels), Marinha Grande (OPEN Business Angels & Santarém Business Angels (informal group)), Coimbra (Centro Business Angels & Covilhã Business Angels), Guimarães (Vima Angels & Invicta Angels) and Estoril (Business Angels Club and Cacais Business Angels). During the week – which received good media coverage - several entrepreneurs had the opportunity to pitch their projects to attending business angels. FNABA and APBA have developed an extensive work to promote the BAs community in Portugal, participating in conferences around the country, business plan contests, Board of Directors of EBAN, regular investment meetings/dinners and in several university programs as members of the jury for innovative projects. APBA has had an active participation in the APDC Congress – Portuguese Association for de Development of Communications. APBA was also responsible to co-organize the Venture Lounge, the space that APDC has created for the companies who want to show their business to the Congress visitors, approaching investors and companies with value projects, stimulating the enterprising, giving support to young people with innovator business projects.

APBA has served as co-host of Global Entrepreneurship Week 2008 in Portugal. For one week, 75 countries around the world joined the Global Entrepreneurship Week. The campaign:

• One week dedicated to celebrating entrepreneurship across Portugal; • Entrepreneurial events around the country hosted by our partner organizations; • The activities vary in nature but holding the common theme of promoting entrepreneurship; • The goal: gathering support from as many partners as possible to focus attention to

entrepreneurship on a national level.

60 activities across national boundaries, including Madeira Island, were registered in the site www.unleashingideas.gov. The President of the Republic has endorsed the Global Entrepreneurship Week in Portugal. During its 2008 activities APBA promote three diners with their associates to show several of its projects and with the participation of guests speakers (namely Mr. Basílio Horta, President of the AICEP the Portuguese Foreign Investment Agency; Mr. Mira Amaral, former Minister of Industry and presently President of the International Credit Bank – BIC Angola). APBA during this year also promote several meetings between BA’s and entrepreneurs to involve them in several projects. APBA is helping opening several BA’s clubs in Coimbra, Porto, Madeira and Azores. Gesventure/Business Angels Club organizes since 1999 two major conferences, namely Venture Capital IT (www.gesventure.pt/vcit2009) and Gesventure Meetings (www.gesventure.pt/10encontro), about business angels, venture capital, start-up’s, entrepreneurs, existing incentives, technological trends and innovation. Twice a year international speakers are invited to take part in these congresses and share with the national audience their knowledge and experience. Several clubs are being “incubated” by FNABA to join the national network: Santarém, Setúbal and Madeira. Gesventure/ Business Angels Club participated in the EASY Partner program, ran at European level, where two projects supported by Portuguese business angels were presented in the international Investment Foruns held in Milan and Barcelona. Six of the Portuguese networks manage both their own website and Angelsoft platform and share projects among themselves.

84

10. EBAN members FNABA – Federação Nacional de Associações de Business Angels APBA – Associação Portuguesa de Business Angels Gesventure (Business Angels Club – Associação Portuguesa de Investidores em Startups).

85

Business Angels Club - Gesventure Contact person Sérgio Póvoas Contact details Rua 7 de Junho de 1759, N° 1

2760-110 Caxias Portugal T : +351 21 441 64 60 F : +351 21 441 73 87 E : [email protected] W: www.gesventure.pt

Date of creation 01/07/1999 Partner organisations Gesventure

FNABA EASY Project (through Gesventure)


50%50%


Other: Publishing


� Company Presentation Events � Online matching � Due diligence support � Syndication � Training for investors � Training for entrepreneurs � Newsletters or Information bulletin


100%


86

RUSSIA

Country form provided by RUSSBA

1. Background The National BAN “Private Capital” is the first Russian BAN. It was created in 2003. 2. Statistics 2000 2001 2002 2003 2004 2005 2006 2007 2008 Number of BANs - - - 1 1 1 3 4 6 Number of Business Angels

n/a n/a n/a n/a n/a n/a n/a 95 120

Number of deals n/a n/a n/a n/a n/a n/a n/a 6 8 Number of accredited projects (successfully presented)

n/a n/a n/a n/a n/a n/a n/a - 46


- - - 0 0 0 0 0 0


- - - 1 1 1 3 4 6

Number of national BANs - - - 1 1 1 1 1 1 Number of regional BANs - - - - - - 2 3 5 National association - - - - - - 1 1 1 3. Legal status of the networks All BANs in Russia are non-commercial organizations. There are no special laws and subordinate acts which regulate the activities of business angels and BANs. There are no tax benefits for organizations and private investors who invest in innovative start-ups. 4. National association RUSSBA is the national association of BANs and business angels which involves 4 BANs and near 120 business angels at the moment. RUSSBA was created on December 27th 2006. RUSSBA’s main purpose is to favour the development of business angel investing in Russia. 5. Contact Alexander Kashirin, Igor Panteleev 10/36 Astrakhanskiy lane 129090 Moscow Russia T: +7 499 749 64 08 F: +7 499 749 64 08 E: [email protected] W: www.russba.ru 6. Funding sources RUSSBA’s budget:

2009

87

70%10%

20%Membership

Private Sponsorship

Public sponsors (governmentalgrants)

7. Lobbying In order to promote the dissemination of business angel and seed investing in Russia and to approve the term “business angel” within Russian public authorities and society, RUSSBA actively cooperates with relevant ministries (the Ministry of Education and Science of the Russian Federation and the Ministry for Economic Development of the Russian Federation), and the Russian Chamber of Commerce and Industry and business associations, such as the Russian Union of Industrialists and Entrepreneurs and “OPORA RUSSIA”. RUSSBA does its best to accelerate the creation of seed funds in Russia coordinating its activities with various governmental and public organizations. 8. Dissemination of the BAN concept RUSSBA actively participates in the creation and development of Russian BANs. Another important activity of RUSSBA is the organization of educational seminars for business angels and entrepreneurs. The seminars are dedicated to business angel investing and preparing of innovative projects. The latest seminars of this type were held as a part of the joint program with the Russian Venture Company18. Since 2006 RUSSBA has already held close to 30 seminars in different places in Russia: Moscow, Saint-Petersburg, Volgograd, Tomsk, Barnaul and others. In 2008 RUSSBA, Microsoft and Intel founded the Investment and Technological Alliance (the IT Alliance) which joins efforts of business angels, venture funds and IT companies investing in IT startups in order to support thoroughly young IT firms. The IT Alliance regularly conducts presentation sessions of IT projects for business angels and venture funds, and organizes contests of IT projects. At the moment Almaz Capital Partners, Softline, Oradell Capital, ABRT Venture Fund, Moscow Agency for Development of Innovative Entrepreneurship and Allianz ROSNO Asset Management joined the IT Alliance. RUSSBA successfully applies electronic deal flow system and began to rent it out to regional BANs. In October 30-31 2008 RUSSBA, the Federal Agency for Science and Innovation and some other organizations, held the first National Congress of Russian Business Angels. Business angels, representatives of public institutions, investment companies, small innovative firms, mass media, universities, and also guests from Bulgaria, Spain and the United States participated in the congress.

18 The Russian Venture Company is the state company participating in the creation of venture funds based on public-private partnership (the Russian “fund of funds”).

88

9. EBAN members The National Union of Business Angels of Russia (RUSSBA) *********************************************************************************************************** Below is the list of networks fully operating in Russia in 2009:

• Saint-Petersburg Business Angel Organization; • Nizhny Novgorod BAN “Initial Investments”; • Tomsk Center for Venture Investments; • Baikal Business Angel Union; • Far Eastern BAN “Laboratory of Investments”; • National BAN “Private Capital”.

More detailed information is available on the website of RUSSBA www.russba.ru.

89

SLOVENIA Country form provided by Business Angels of Slovenia

1. Background The first business angel association in the country was formed in 2001 with the help of the Public Agency of the Republic of Slovenia for Entrepreneurship and Foreign Investments. In five years, before closing the association, they had 26 business angels, 170 registered projects and had 4 investments made. The second business angel association, Business angels of Slovenia, was established in 2007. The initiative came from the founder of Poteza d.d., which is the leading Slovenian company in the field of asset management and investment banking. Business angels of Slovenia has 30 business angels, who are most distinguished Slovenian business people, and offers entrepreneurs capacity building knowledge about how to build a company, a quick and effective investment process, a faster access to venture capital funds and a synergistic operation of the angels based on syndicated investments. 2. Statistics 2001* 2002* 2003* 2004* 2005* 2006 2007 2008 Number of BANs 1 1 1 1 1 0 1 1 Number of Business Angels

26 26 26 26 26 0 20 30

Number of deals 0 1 1 1 1 0 0 3 Number of accredited projects (successfully presented)

34 34 34 34 34 0 11 14


0 0 0 0 0 0 0 0


1 1 1 1 1 0 1 1

Number of national BANs 1 1 1 1 1 0 1 1 Number of regional BANs 0 0 0 0 0 0 0 0 National association 0 0 0 0 0 0 0 0 * We do not possess the accurate data by years of the first business angel association that existed from 2001 – 2005. Association made 4 deals so we divided them in each year. Also, all of the 170 accredited projects in 5 years are divided equally among 5 years of association’s existence. 3. Legal status of the network Business angels of Slovenia is an association, non-profit and private organization. 4. National association Slovenia does not have a national business angel association. 5. National/regional support Business angels of Slovenia does not have any financial support from national or regional government. However, they work closely with university incubators, technology parks, regional development agencies and educational institutions. 6. EU support Business angels of Slovenia is a partner of the ongoing European Union Ready for Equity! 2 Leonardo da Vinci Project and INNO-DEAL. Also, it participated in the EASY project from 2006 to 2008.

2009

90

7. Dissemination of the BAN concept The creation of Business Angels of Slovenia in June 2007 raised a lot of attention in all national media, and several articles were published in national business papers, magazines and newspapers about business angel activity and the importance of angel investing. Business papers, such as Finance, Manager and Podjetnik (Entrepreneur) continuously report about business angel activities. Internet media, such as MladiPodjetnik (forum for entrepreneurs), magazines and other media also report about business angel activities in the country, as well as about Slovenian entrepreneurs and their respective angel backed companies. This contributed significantly to raise awareness of the business angel concept and activities in Slovenia. A big project that had a significant role in promoting business angels activity in Slovenia was ITIME. The project was organized by Tovarna podjemov (entrepreneurship incubator), held by Microsoft innovation center and business angels of Slovenia was an investment partner. ITIME is a business accelerator, a competition for best project with a prize of 100.000€ of angel investment from 10 business angels, where conditions of the investment were prearranged and simplified. The best 10 projects got 3-days of intensive mentoring from the corporation representatives and business angels. Since the beginning of the financial crisis, Business angels were mentioned several times as possible and important sources of capital for start-up companies in the press. In January 2009 there was a video report on a national television where initiator of business angels of Slovenia, founder of Poteza d.d., presented the association. 8. EBAN members Business angels of Slovenia Blaž Kos Železna cesta 18 1000 Ljubljana Slovenia T: +386 1 30 70 933 F: +386 1 30 70 801 E: [email protected] W: www.poslovniangeli.si, www.businessangels.si

91

Business angels of Slovenia Contact person Blaž Kos Contact details Železna Cesta 18

1000 Ljubljana Slovenia T: +386 1 30 70 933 F: +386 1 30 70 801 E: [email protected] W: www.poslovniangeli.si, www.businessangels.si

Date of creation 13/06/2007 Partner organisations Incubator/Science Park

Regional Development Agency /Business School


34%

33%

33% ICT/Telecommunications/Mobile

Retail and services

Other: Mechanical/Electrical engineering


� Company Presentation Events � Due diligence support � Syndication � Training for entrepreneurs � Newsletters or Information bulletin


67%



92

SPAIN

Country form provided by ESBAN

1. Background 2001: The business angels concept emerged in Spain in 2001. Since then, the number of networks has been growing day by day. 2004: ESBAN was founded, involving the partnership of several BANs. It is the national federation of networks in the country. The aim is to promote the business angels concept, to develop business angels networks and to cooperate with the public administration when developing the best legal framework for the business angels. It is a private foundation made up by several business angels networks together with the Ministry of Industry. The other joint networks are usually non profit organisations promoted both by public and private institutions. ESBAN became member of EBAN, and Albert Colomer a member of the EBAN Board of Directors. 2006: ESBAN received the support of Spanish Government through the DGPYME (General Secretariat of SMEs) which is member of ESBAN foundation Board. 2008: ESBAN became board member of the new WBAA. 2009: ESBAN organized the 9th EBAN Congress and 4th Award Ceremony in Madrid. Many EBAN members attended this event, entitled “Celebrating risk taking: the contribution of business angels and early stage investors", which was a great success. In time of crisis, the event was able to attract around 300 participates among representatives of the business angel and early stage seed fund sector and policy makers, public and private financial institutions, business schools, universities, research centers and incubators from Spain (www.congress2009.eban.org). On the occasion of the EBAN Board meeting held in April 2009, Albert Colomer was elected as new member of EBAN Executive Committee. 2. Statistics 2008 Number of BANs 40 Number of Business Angels 1465 Number of deals 46 Number of accredited projects 600 Number of commercial BANs 16 Number of non-commercial BANs 24 Number of national BANs 10 Number of regional BANs 30 Number of national associations 2 (+1 for Catalonia) 3. Legal status of the networks ESBAN identified 40 networks in Spain in 2008. The graph below illustrates the legal status of the networks.

AEBAN

2009

93

• 47% of the networks in Spain are initiatives without legal status. These networks are part of larger organizations (CEEI’s, business schools, universities, private companies, public organizations).

• 53% of the networks in Spain are initiatives with legal status. These networks are associations, foundations and enterprises.

47%

23%

30% No Juridical Enthity Public Initiative

Private Initiative

4. National Association Spain has two national federation of networks: ESBAN and AEBAN. It also has a regional federation of networks for Catalonia called ACCIO. 5. National/RegionalSupport ESBAN (Red Española de Business Angels) receives formal support from the Spanish Government through the DGPYME (General Secretariat of SMEs). 6. EU Support N/A 7. Lobbying In 2005 ESBAN participated in several business forums for the SME and organised two workshops (July and September) with the objective of providing the networks’ managers with the keys to develop their network. Also, ESBAN is working to improve the financial framework for the business angels. A proposal was presented in the Spanish Parliament. The Spanish government took the compromise of studying the best regulation for the business angels market, similar to the venture capital. Furthermore, ESBAN and the Spanish government are working on a pilot program to promote the networks in Spain. This program includes financial aids for the networks as well as a communication plan to spread the business angels concept as the best way of financing a project. During 2006, 2007 and 2008 plenary session of the Congress of the Deputies approved a proposal not for law regarding the business angels and the entrepreneur situation. This proposal wants to change the situation of business angels in Spain and recognize the business angel activity like a private and alternative financing that makes an injection of capital for the entrepreneurial projects. This proposal want that the government makes public policies to:

� Support networks of business angels and promote the creation of new networks. � Elaborate a favourable tax frame similar to the venture capital. � Promote the business angels spread enterprises, universities, business schools, research

centres.

94

ESBAN in collaboration with GARRIGUES (Spanish law firm) elaborates several studies concerning tax incentives for business angels in Spain: “Analisis de tributación comparada de la figura de los BA en Europa” “Propuesta de medidas fiscales para el fomento de la figura de los business angels en españa”. 8. Contacts AEBAN – Asociación Española de Bussines Angels Networks Marta Aparicio Plaza Pablo Ruiz Picasso, nº 1, Torre Picasso 28020 Madrid IESE Business School, Avda. Pearson, 21 08034, Barcelona T: +34 93 253 42 00 E: [email protected] W: www.aeban.org (coming soon) ESBAN – Red Española de Business Angels Albert Colomer/ Melanie Queralt Mirbelle Paseo Castellana 93 7º 28046 Madrid T: +34.902.930.518 / 902.93.01.83 E: [email protected]; [email protected] W: www.esban.com ACC1Ó Sergi Mora Passeig de Gracia 129 08008 Barcelona T: +34 93 476 7317 F: +34 93 476 7233 E : [email protected] W : www.acc10.cat 9. Dissemination of the BAN concept Since business angels sector started in Spain most media have published pieces on business angels and BAN’s. ESBAN tracks all press coverage on the subject of business angels and compiles all the information and creation of new BA networks, deals made trough BAN’s, organizations involved in the BA sector, workshops, conferences and events. Since 2004 ESBAN has published several reports focusing on the business angel market and tax incentives. This year ESBAN has produced two researches entitled “Naturaleza de los business angels existents en España y principales características de los agents del Mercado” and “Naturaleza de las redes de business angels existentes en España y principales características de los agentes del mercado.” These two studies analyze trends in the business angels market in Spain, identify all the networks in Spain and define their main characteristics, such as their legal status, geographical coverage, deals, number of investors, number of employees, date of creation, funding sources of the network, annual budget of business angels networks, fees charged to BA or entrepreneurs, network specialization, matching services, tools used by BAN’s to recruit entrepreneurs, membership criteria, and membership policy of the networks. In 2009 an event will be organized to disclose results of these studies to all organizations and BANs involved. In 2009 ESBAN will publish a directory of business angels operating in Spain.

95

11. EBAN MEMBERS AEBAN - Asociación Española de Bussines Angels Networks ESBAN - Red Española de Business Angels ACC1O'Erreur ! Liaison incorrecte. BAN EUSKADI Business Angels Network de Catalunya (BANC) CEEIs Castilla-La Mancha/BICs UNIBAN BANG BAN Madri+d IESE BAN ESADE ALUMNI Club d'Emprendedores, Inversores, Empresarios (CEIE) Entrinnova SL InnoBAN Realiza Business Angels S.A.

96

CATALONIA 1. Background Catalonia has implemented programmes relating to business angels since 1996. ACC1Ó19, one of the most experienced BAN in Spain, has become a National Federation of BANs for the Catalan Region. ACC1Ó programme includes 7 Business Angel Networks, namely: BANC - Business Angels Network de Catalunya, Barcelona Business Angels (BCN), IESE Business school, UNIBA20, ESADE Club d'Emprendedores, Inversores, Empresarios (CEIE), Keiretsu Forum Barcelona, XiP aijec. ACC1Ó also carries out other initiatives related to business angels such as guides to informal investment, monthly meetings, business angel academies (4 in 2008) and investment forums (XIV Investment Forum with 100+ investors attending and 30+ companies presented).

2. Statistics 2000 2001 2002 2003 2004 2005 2006 2007 2008 Number of BANs 1 1 2 4 11

12 8 9 7

Number of accredited projects 88 171 190 247 216 462 260 183 312 Number of deals 3 8 10 24 32 17 11 15 17 Invested (M€) n.a. n.a n.a. n.a. n.a. 5.4 1.8 3.9 5.3 Three BA Schools, organized by ACC1Ó in collaboration with IESE, ESADE and BANC have taken place in 2008 with 98 attendants. In 2009 ACC1Ó will organize more BA Schools in collaboration with ESADE, BANC and Keiretsu. In June 2008, ACC1Ó National BAN organized the XIVth Venture Capital Forum in collaboration with HIT Barcelona. More than 250 entrepreneurs, investors and managers attended this event. All tickets were sold out one week before the event. 3. BAN legal status The “ACC1Ó Catalan Programme of BANs” is a National Federation of Networks. A majority of BANs in the country have opted for the non for profit organisation status or are part of the regional administration. BCN BA, BANC, KEIRETSU, AIJEC are commercial BANs. 4. EU support Pilot projects One project received financial assistance from the European Commission with a view to setting up operational BANs. The recipients of these subsidies were: ACC1Ó, Catalonia's development agency

5. EBAN members from Catalonia ACC1Ó, BANC, IESE, ESADE.

19 CIDEM changed its name to ACC1Ó in 2007. 20 XARXA UNIBA ceased its activities in 2009.

97

BAN EUSKADI

Network details Contact person Nieves Gamiz Contact details Gran Via 50-5º

48011 Bilbao Spain T: +34 94 4002800 F: +34 94 4002851 E: [email protected] W: www.baneuskadi.es

Date of creation 19/05/2008 Partner organisations Other: entrepreneurs’ associations

Services offered by your organisation

� Company Presentation Events � Online matching � Due diligence support � Syndication � Training for investors (planned) � Newsletters or Information bulletin � Co-investment schemes

98

BAN madri+d Network details

Contact person Pedro Trucharte Contact details Velazques 76

28001 Madrid Spain T: +34 91 7816570 F: +34 91 5766052 E: [email protected] W: www.madrimasd.org

Date of creation July 2004 Partner organisations Regional Development Agency:

Fundacion madri+d


25%

50%


Software/Multimedia

Health related


� Company Presentation Events � Training for entrepreneurs � Newsletters or Information bulletin � Other Services: Executive summaries by e-mail


100%


99

BANC - Business Angels Network de Catalunya Network details

Contact person Alex D’Espona, Albert Colomer Contact d etails Sant Pau 6

08221 Terrassa, Barcelona Spain T: +34 93 736 11 00 F: +34 93 736 60 14 E: [email protected]; [email protected] W: www.bancat.com

Date of creation 01/01/2003 Partner organisations CECOT/CP’AC/ICF


90%


Retail and services


� Company Presentation Events � Online matching � Due diligence support � Syndication � Training for investor � Training for entrepreneurs � Newsletters or Information bulletin


100%


100

GOBAN Network details

Contact person Angel Prieto Contact details Parque Empresarial Campollano

Avda. 4ª, nº 3 02007 Albacete Spain T: +34 967616000 W: www.gobanclm.com E: [email protected]

Date of creation December 2007 Partner organisations European Business Innovation Centers of

Castilla-La Mancha Region (CEEI Albacete, CEEI Ciudad Real and CEEI Talavera de la Reina-Toledo)


34%

33%

33%


Biotech

Other: Robotics


� Company Presentation Events � Due diligence suppors � Syndication � Training for investors � Training for entrepreneurs � Co-investment schemes � Investment Forums


100%


101

Entrinnova Network details :

Contact person Alfonso Urien Contact details Calle Cervantes 1, Bajo

48930 - Getxo Spain T: +34 94 661 1913 F: +34 94 480 6890 E : [email protected] W: www.entrinnova.com


50%50%




� Company Presentation Events � Due diligence support � Syndication � Training for investors � Training for entrepreneurs � Newsletters or Information bulletin � Co-investment schemes � Other Services: Coaching for entrepreneurs, networking meetings, consultancy…


100%


102

ESADE Network details :

Contact person Fernando Zallo Contact details Av. Pedralbes 60-62

8034 Barcelona Spain T: +34 93 5530217 F: +34 93 49 52068 E: [email protected] W: www.esadealumni.net

Date of creation 01/01/2005 Partner organisations ACC1Ó (Catalonia Government)

Part of ESADE Alumni Association


50%50%

Software/Multimedia

Other


� Company Presentation Events � Training for investors � Newsletters or Information bulletin � Other Services: Investment forums and fairs, sector-specific round tables, investment

meetings/Networking meetings.


100%


103

IESE Business Angels Network Network details :

Contact person Marta Aparicio Contact details Avenida Pearson 21

08034 Barcelona Spain T: +34 91 211 3183 F: +34 91 357 2913 E: [email protected] W: www.iese.edu

Partner organisations Business School


40%

20%

20%

20%


Software/Multimedia

Retail and services

Health Related


� Company Presentation Events � Training for investors � Training for entrepreneurs � Co-investment schemes


100%


104

InnoBAN, Red de Inversores Ángel para la Innovación Network details :

Contact person Luis Fernández Contact details Doctor Cadaval 2, 4C

(Edificio Simeón) 36202 Vigo Spain T: +34 986 118 079 F: +34 986 118 079 E: [email protected] W: www.InnoBAN.com

Date of creation 2008 Partner organisations Private


� Company Presentation Events � Online matching � Due diligence support � Syndication � Training for investors � Training for entrepreneurs � Newsletters or Information bulletin � Co-investment schemes

105

Realiza Business Angels Network details :

Contact person Daniel Vidal Crespo Contact details c/ Avellanas 10 – Bajo

46003 Valencia Spain T: +34 961 118 078 F: +34 963 910 116 E: [email protected] W : www.realiza-ba.com

Date of creation March 2007 Partner org anisations Founding Partner in the “Asociación Española

de Business Angels Networks” (“AEBAN”); Asociación Comunidad Valenciana Business Angels Network CV BAN; partner in webcapitalriesgo.com; AVANT i+e; other.


50%50%




� Due diligence support � Co-investment schemes � Other Services: Invest in seed capital and business expansion, and management support


100%


106

UNIBAN, UNIVERSITY BUSINESS ANGELS NETWORK Network details :

Contact person Nuria Fernández Flores Contact details Rua Lope Gómez de Marzoa S/N

Edifico Feuga-Despacho 1 15705 Santiago de Compostella Spain T: +34 981 563 100 Ext. 16844 F: +34 981 54 70 77 E: [email protected] W: www.uniban.org

Date of creation 2005 Partner organisations University


� Online matching � Newsletters or Information bulletin � Co-investment schemes � Other Services: Entrepreneur support

107

SWEDEN Country form provided by SVCA

1. Background Swedish research indicates that there are 3.000-5.000 Business Angels in Sweden investing at least 250 million € per year. Sweden also has a relatively large number of Business Angel Networks. The number of BANs in Sweden increased substantially during the period 2003-2004 in connection with a support program run by the Swedish Agency for Economic and Regional Growth (“Til växtverket”, formely know as NUTEK). During 2008, 16 BANs reported investment activity and the total investment amount channelled decreased substantially as well as the number of deals compared to 2007. The majority of the Swedish BANs are located in the large cities or the university cities. Many networks have close connections to universities, incubators and science parks. Most networks have a geographical focus but are not specialised in terms of industry focus. 2. Statistics 2000 2001 2002 2003* 2004* 2005 2006 2007 2008 Number of BANs 2 2 2 24 ~30 ~26 ~26 ~23 ~24 Number of BAs members of BANS

85 140 250 400 1.000** 800 950 1042 1772***

Number of deals through BANs

n/a n/a n/a n/a >50 ~100 72 99 54


n/a n/a n/a n/a n/a n/a n/a n/a n/a

Total amount invested (M EUR)

9.3 12 15 9.1 M €


0 1 1 2 3 3 5 8 9


1 1 1 21 27 23 20 12 7

Number of national BANs 0 1 1 0 0 4 2 1 3 Number of regional BANs 0 5 6 23 ~30 22 23 19 9 National association 1 1 1 1 1 1 1 1 1 * During 2003-2004 the Swedish Development Agency (Tillväxtverket) ran a project with the aim of increasing the number of BANs in Sweden. A number of networks got “start-up” funding; thereof the significant increase in BANs from 2002 to 2003. ** The high number of members in BANs (1.000) indicates the number of newly recruited members, not active BAs. *** One BAN has the status of an investment company with around 1.100 shareholders hence the high number of members in the BANs in 2008 compared to previous years. 3. Legal status of the networks The majority of BANs are organized as networks within non-profit entrepreneurial networks, consulting firms or state-supported organisations. 4. National association Since early 2005, the Swedish Private Equity & Venture Capital Association (SVCA), supported by NUTEK, acts as National Association for business angels and business angel networks in Sweden.

2009

108

SVCA is responsible for supporting the regional BANs, as well as for enhancing the level of knowledge about business angel activities in general. Working for a more investor friendly environment, developing tools to improve and facilitate the BAs’ investment process as well as providing forums for networking and educational activities are also part of SVCA’s work. The fact that SVCA’s member base incorporates all types of private equity investors gives the association a unique possibility to work for improved interaction between investor groups and to bridge the gap between business angels and venture capital investors. 5. Contact SVCA: Marie Reinius, Managing Director Grev Turegatan 18 114 46 Stockholm Sweden T: + 46 8 678 30 90 F: + 46 8 678 40 90 E: [email protected] W: www.svca.se Tillväxtverket: Karin Östberg Götgatan 74 118 26 Stockholm Sweden T: +46 8 681 66 20 F: +46 8 744 4045 E: [email protected] W: www.tillvaxtverket.se 6. Lobbying The current tax climate in Sweden does not provide tax incentives for investing in early stage companies. SVCA therefore continuously work for a more BA investment friendly tax environment as well as for simplified regulations, with the aim of attracting more private capital to entrepreneurial businesses. SVCA also promotes the creation of co-investment vehicles funded by public means (or by a combination of public and private means), which could match business angels’ investments in order to increase the amount available for early stage businesses. 7. Dissemination of the BAN concept SVCA is continuously working to increase the level of knowledge about the business angel concept and its importance for growth and development of new businesses. SVCA’s work includes among others educational activities, arranging a yearly Business Angel Day, lobbying as well as PR activities. Tillvaxtverket in cooperation with FSF and University of Lund supports a long-term research of the Swedish business angel market with the aim of mapping the actors in this market and to get a more accurate picture of the business angel activity in Sweden. 8. EBAN Members SVCA STING TILLVÄXTVERKET

109

STING Business Angels

Network details Contact person Maria Nilsson Contact details Growhouse, Isafjordsgatan 39 B

164 40 Kista Sweden T: +46 708 36 22 31 E: [email protected] W: www.stockholminnovation.com

Date of creation 2003 Partner organisations Incubator

Sectors of investment - deals closed in 2008 (in % of deals)

60%20%


Energy/Environment

Other: Robotics


� Company Presentation Events � Syndication � Training for entrepreneurs � Newsletters or Information bulletin � Co-investment schemes


100%


110

SWITZERLAND

Country form provided by The Swiss Private Equity & Corporate Finance Association (SECA)

1. Background Switzerland has a long tradition of business angel investing. The first BAN in Switzerland was created in 1997. It now has 11 BANs The national association was set up in 2003 under the name Association of Swiss Business Angel Networks (ASBAN). Early 2008 ASBAN merged into SECA (Swiss Private Equity & Corporate Finance Association) in its Chapter, Seed Money & Venture Capital. 2. Statistics 2000 2001 2002 2003 2004 2005 2006 2007 2008 Number of BANs in SECA 7 7 7 7 7 7 6 6 5* Number of Business Angels 110 260 408 n/a n/a n/a n/a n/a 210** Number of deals 6 6 8 n/a n/a n/a n/a n/a 11** Number of accredited projects 139 210 271 n/a n/a n/a n/a n/a 91** Number of commercial BANs 2 2 2 2 2 2 2 2 2 Number of non-commercial BANs 5 5 5 5 5 5 4 4 3 Number of national BANs 3 3 3 3 3 3 2 2 2 Number of regional BANs 5 5 5 5 5 5 4 4 3 National association 0 0 0 1 1 1 1 1 1 * 11 BANs are recorded existing in Switzerland: 5 BANs are members of SECA and 6 BANs are not ** Based on responses from 4 BANs. The overall market is estimated to be: ~500 Business Angels in BANs investing in ~ 40 deals. 3. BAN legal status Private, non-commercial BANs usually are associations while commercials BANs normally choose the legal form of an AG (stock corporation). 4. National association SECA (Swiss Private Equity & Corporate Finance Association), Chapter Seed Money & Venture Capital 5. Members of SECA Active Members BrainsToVentures AG Club Valaisan des Business Angels Go Beyond Ltd MSM Investorenvereinigung Start Angels Network Passive Members Stiftung TECHNOPARK® Zürich

2009

111

6. Contact Florian Schweitzer BrainsToVentures AG Blumenaustr. 36 9004 St. Gallen Switzerland E: [email protected] 7. Lobbying activities SECA is actively participating in the opinion building for the revision of the company taxation law in Switzerland. Furthermore, good contacts to the national government are maintained on various levels. 8. EU support None 9. EBAN members SECA - The Swiss Private Equity & Corporate Finance Association BAS Business Angels Switzerland Go Beyond Ltd

112

BAS - BUSINESS ANGELS SCHWEIZ

Network details Contact person Jan Fulscher Contact details Postfach

8708 Männedorf Switzerland T: +41 79 358 54 70 F: +41 44 790 37 41 E: [email protected] W: www.businessangels.ch



� Company Presentation Events

113

Go Beyond

Network details

Contact person Brigitte Baumann, Founder and CEO Contact details Technoparkstrasse 1

8005 Zurich, Switzerland or 167 Merchant Street VLT1174 Valetta, Malta E: [email protected] W: www.go-beyond.biz

Date of creation 2005 Partner organisations Incubator/Science Park

University/Business School Sectors of investment – deals closed in 2008 (%)

15%

50%

15%

20%


Software/Multimedia


Consumer/Beauty


� Company Presentation Events � Due diligence support � Syndication � Training for investors � Training for entrepreneurs � Co-investment schemes � Other Services: Investment Strategy and Investment Tracking support


50%50%



114

TURKEY

Country form provided by Metutech in collaboration with LabX 1. Background METUTECH-BAN and LabX are Turkey’s two Business Angel Networks aiming to raise awareness of the business angel investment concept nationwide. METUTECH-BAN, Turkey’s first university-based BAN and LabX, Turkey’s first commercial incubator and Business Angel Network, launch promising business ideas and support new and on-going projects. Middle East Technical University (METU), a state university founded in 1956, has currently about 2.500 academicians and 23.000 students, out of which 4.100 are in masters and 2.400 are in doctorate programs. Since its establishment, METU has been both a visionary and a pioneer in many concepts that aim Turkey’s scientific and economic improvement. In the light shed by this vision, METU-Technopolis (METUTECH) was established in year 1998 as the first Science Park of Turkey. Since then, METUTECH has grown to be the largest science park of Turkey that hosts 240 companies and 3.300 personnel. Likewise, the first active Business Angel Association was formed in early 2007 by a team of Technopreneurs of METU and METUTECH under the name of METUTECH-BAN (www.metutechban.info). The founding members consist of 17 individuals, all of whom are successful alumni of METU and owners of high-tech companies within the Science Park. The association later grew to 27 individuals and corporations as members (as of 2009). LabX was launched in the second half of 2006 with a mission to enhance the underdeveloped entrepreneurship culture in Turkey by incubating business ideas and launching new initiatives (www.lab-x.org ). LabX has set up Turkey’s first commercial incubator and first active, for profit Business Angel Network. Already in a short time frame LabX has gathered an angel investor group of over 85 individuals with a potential investment pledge of around 5 M USD. Currently, LabX owns a portfolio of 5 unique business ventures all of which initiated groundbreaking products and innovative solutions in their sectors. 2. Statistics 2006 2007 2008 Number of BANs 2 2 2 Number of Business Angels 20 67 102 Number of deals 0 1 5 Number of accredited projects 0 8 23 Number of commercial BANs 1 1 1 Number of non-commercial BANs 0 1 1 Number of national BANs 0 0 0 Number of regional BANs 0 2 2 National association 0 0 0 3. Legal status of the networks METUTECH-BAN is an association, non-profit organization. LabX is a Limited Company and leads a for-profit business angel network. 4. National association Turkey does not have national business angel association yet.

2009

115

5. National/regional Support METUTECH-BAN does not have any financial support from national or regional government yet. However, METUTECH-BAN, with its proximity advantage has immediate access to many early-stage technopreneurs both in the METU incubation center and METU Technopolis, and also to potential entrepreneurs selected in the annual Student Business Plan Contest organized by Teknopark Inc METUTECH administration. LabX’s parent company, Helix Management Consultants, is one of the oldest and leading (for over 20 years) management consultancy firm in Turkey (www.helix.com.tr). Helix, the alliance of Booz & Company since 2003, delivers business strategy formation, productivity improvement and management services with its qualified consultancy team. Taking advantage of Helix Management Consultants’ expertise in management consultancy, human resources and network connections, LabX’s relationship with Helix creates a solid synergy. 6. EU support METUTECH BAN has a proposal pending under the Leonardo incentive. LabX has formed alliences with Finland’s leading venture capital company VeraVenture and also with Desert Angels from Texas, United States, in order to open up international channels both to local entrepreneurs and business angels. 7. Dissemination of the BAN concept METUTECH-BAN was launched with the Investor-Enterpreneur Summit, held in Istanbul on October 24th 2007. The summit was opened by the Ministry of Energy and both the BAN concept and its emergence in Turkey was mentioned in the daily media. Since then, METUTECH-BAN members had many interviews both in press and on TV. METUTECH-BAN is also a complementary part of the METUTECH eco-innovation cycle in terms of financial solutions, therefore is introduced to all science park visitors with the rest of value added services provided to resident companies. METUTECH-BAN has been awarded to be the host of the 10th EBAN Annual Congress in Istanbul on 15-16 April 2010. A much more aggressive dissemination study has been initiated starting August 2009 focusing in on the congress but also raising awareness on the BAN concept. With the aim to promote the entrepreneurship culture in Turkey, LabX (together with a multi-stakeholder team and sponsor) launched Turkey’s largest university-wide entrepreneurship competition birFİKRİNmiVAR? for the second time in 2009 (www.birfikrinmivar.com). The competition attracted more than 1.500 students over the two years and gained the attention of the young entrepreneurs nationwide. LabX also has 5 business ventures in its portfolio all of which have the mission to be unique in what they do in the region (or even in the world). Several appearances by these idea-owners, entrepreneurs and LabX in mass media (TV, newspaper, radio) and in social media have raised the awareness for business angel investment in Turkey. 8. EBAN members METUTECH-BAN LABX

116

Lab-X

Network details Contact person Fuat Sami Contact details 28 Meydan Sokak

Beybi Giz Plaza 9-32 34398 Maslak – Istanbul Turkey T: +90 212 290 36 40 F: +90 212 290 36 46 E: [email protected] W: www.lab-x.org

Date of creation Q3-2006 Partner organisations


20%

20%

20%

40% Software/Multimedia Creative Industries

Health Related Other


� Company Presentation Events � Due diligence support � Training for entrepreneurs � Newsletters or Information bulletin � Database of contacts Competitions Investment/Networking Meetings


60%

40%In the region where the network is located


117

METUTECH-BAN

Network details Contact person Canan Sandikcioglu k Contact details OSTIM ODTU Teknokent Uzaycagi Cad. No:6

Zemin Kat No:10 OSTIM 06531 Ankara Turkey T: +90 312 210 6400 - 132 F: +90 312 210 6403 E: [email protected], [email protected] W: www.metutech.metu.edu.tr

Date of creation 01/10/2007 Partner organisations Incubator

Science Park University


� Company Presentation Events � Training for entrepreneurs � Newsletters or Information bulletin � Co-investment schemes

118

UNITED KINGDOM Country form provided by the British Business Angels Association (BBAA)

1. Background The first BANs operating in the UK were set up in the early 80s. Today the UK has 25 Business Angel Networks operating in England, Wales & Northern Ireland (see list below). In addition there are a number of business Angel Networks/Groups based in Scotland. The BBAA also has 20 early stage Venture Capital members as well as over 30 professional service providers as associate members. 2. Funding sources (of BBAA) projected for 2009 Public Funding – £50.000 Membership Fees – £46.000 Other including sponsorship – £103.000 3. Statistics

*Change in the series of statistics for mid-2004. Up to and including mid-2003, the figures represent the number of organisations that were identified by NBAN, and even though these were not all Business Angel Networks, they worked closely with business angels. Following from 2004 a more accurate definition of business Angel Networks has been drawn up by BBAA thus a significant shift in figures. **These figures are based upon members of BBAA. ***UK data for the year 2008 received from 21 BANs out of 24 BANs members of BBAA. Remaining data will be integrated in an updated version of the Directory once available.

2000 2001 2002 Mid 2003 Total 2003

Mid 2004

2004 2005 2006 2007 2008***

Number of BANs

52* 48* 48* 51* Not available

n/a 34 33 22** 24**

Number of Business Angels

n/a n/a n/a 300 100 n/a 3297**

5.112** 4.620* 4.991 5548

Number of deals

252 239 299 n/a n/a n/a 170** 184 327 388 233


n/a n/a n/a >6000 commenced

>500 completed

n/a n/a n/a n/a n/a n/a 824


6 5 5 14 n/a n/a 7** 5 5 10 6.5


46 43 41 37 n/a n/a 13** 17 17 9 13.5


5 5 5 3 (excluding NBAN)

3 (excluding

NBAN

3 (excluding

NBAN

6** 8 8 8 10


9 9 9 9 (not including Scotland)

n/a n/a 14** 14 14 11 14

National association

2 2 2 2 (NBAN and BANA)

2 (NBAN and

BANA

2 (NBAN and

BANA

1 (BBAA)

1 (BBAA)

1 (BBAA)

1 (BBAA)

1 (BBAA)

2009

119

4. Legal status of the networks British BANs can be commercial, public sector, commercial and working for the public sector, or not for profit organisations. BBAA defines a UK BAN as a formally structured or constituted business angel group, network or syndicate. BANs in the UK must either be FSA authorised under the corporate finance regulations or qualify for a not for profit exemption. Through its Code of Conduct BBAA ensures that all of its members fall into one of the two categories mentioned above. 5. National association In 2005 the British Business Angels Association (BBAA) was established to be the trade association for the UK’s Business Angel Market as well as for the early stage investment market. The BBAA is the only UK trade association dedicated to promoting angel investing and supporting early stage investment in the UK. Each year private investor’s account for between £800 million and £1 billion of early stage investment in the UK: the single largest source of early stage capital in the country. The BBAA works to create an eco-system to promote and support the early stage investment market, providing a forum for these groups to integrate and share good practice on new developments and trends in early stage investing, development of new services and tools to support the investment process. BBAA also acts as a voice to Government, stakeholders, business and the media to promote the interests and needs of the angel and early stage investment industry. 6. Contact details BBAA Guy Willmington New City Court 20 St Thomas Street London, SE1 9RS United Kingdom T: +44 20 7089 2305 F: +44 20 7089 2301 E: [email protected] W: www.bbaa.org.uk 4. Dissemination of the BAN concept Most media have published or broadcast pieces on business angels and BANs. Business angels are becoming increasingly publicised as a form of funding for small businesses in the UK. This is mainly through television programs such as “Dragon’s Den”. The BBAA continues to increase the awareness of business angels through the national press. BBAA tracks all press coverage on the subject of business angels and believes that they are mentioned on a daily basis in some form in the media; either in the context of “Dragon’s Den” on the television, in business or entrepreneurial press or in the national or regional papers. BBAA also publishes its own brochure, directory and reports focusing on the early stage investment market and the role of business angels. The BBAA 2009 National Awareness Raising Campaign (www.bbaa.org.uk/awareness): The BBAA launched a national business angel awareness campaign (with the support of the UK Government) in May 2009 with the aim of raising awareness of business angel investing and to increase the overall pool of angel investors and to strengthen their capacity to invest, thereby increasing the amount of angel investing across the UK regions. The programme will run at both national and regional level with awareness events and workshops to build the capacity of potential new angels. Notably the programme is designed to support actions being taken by Business Angel Networks and to work directly with the Regional Development Agencies, key business organisations, finance and wealth managers and all professional agencies and intermediaries who are advising high net worth or sophisticated individuals who may be attracted to business angel investing. Siding with the Angels, May 2009 (Author – Professor Robert Wiltbank, Willamette University, USA).

120

This year NESTA, in collaboration with the BBAA, produced a large piece of research looking at the outcomes of angel investing in the UK. The data in this study is drawn from a survey of 158 UK-based angel investors in late 2008. They have invested £134 million into 1.080 angel investments between them, and have exited 406 of those investments. There are three central findings from the study which are as follows:

• Business angel investing is risky but overall appears to generate attractive outcomes. On average, private investors gain an internal rate of return on investments in start-up enterprises of 22% over 4 years based on a spread portfolio.

• Key strategic choices are significantly related to better investment outcomes especially when investing into an industry where the investor has previous experience and conducts more than 20 hours due diligence.

• Tax incentives appear to have a material effect on encouraging business angel investing with over 82% of the sample studied using the EIS (Enterprise Investment Scheme) at least once.

Policy that the BBAA will be taking forward:

• An increase in Co investment funds • Higher tax breaks for investing in early stage businesses • An increased awareness of this asset class

To download the Siding with Angels research please visit www.bbaa.org.uk or email [email protected]. 5. UK EBAN Members BBAA - British Business Angels Association LINC Scotland London Business Angels E-Synergy Finance South East Limited HALO Northwest Business Angels SWAIN - South West Angel & Investor Network XéNOS

121

Finance South East Ltd

Network details Contact Person Paul Delahunty Contact s details

Riverside House 4 Meadows Business Park Station Approach Blackwater, Camberley Surrey GU17 9AB United Kingdom T: +44 1276 608510 F: +44 1276 608539 E: [email protected] W: www.financesoutheast.co.uk

Date of Creation 2004 Partner Organisa tions

ICAEW Co Investment Funds RDA’s University / Business School


� Newsletter or Information Bulletin � Database of contacts � Company Presentation Events � Investor Clubs / Networking meetings � Investment Forums & Fairs � Training in Investment Readiness for SMEs � Training and capacity building for investors � Support for Syndication � Co-Investment Schemes


50%33%

17% ICT/Telecommunications/Mobile

Manufacturing

Biotech


100%


122

London Business Angels

Network details Contact Person Chris Padfield Contact Email Address

New City Court 20 St Thomas Street London SE1 9RS United Kingdom T: +44 207 089 2327 F: +44 20 7403 1742 E: [email protected] W: www.lbangels.co.uk

Date of Creation 1983 Partner Organisations Co Investment Funds : London Seed Capital


� Newsletter or Information Bulletin � Company Presentation Events � Investor Clubs / Networking meetings � Investment Forums & Fairs � Training in Investment Readiness for SMEs � Training and capacity building for investors � Due Diligence support � Support for Syndication � Co-Investment Schemes

Sectors of Investments made were

14%

14%

7%29%

29%

7%


Software/Multimedia

Biotech


Retail and services

Health related


100%


123

North-West Business Angels

Network details Name of Organisation Gary Pennington Contact Person Northwest Development Agency

Renaissance House PO Box 37 Centre Park Warrington WA1 1XB United Kingdom T: +44 1925 400 301 E: [email protected] W: www.nwbusinessangels.co.uk

Date of Creation 1993 Partner Organisations

Co Investment Funds RDA funded Incubator / Science Park


� Database of contacts � Company Presentation Events � Investor Clubs / Networking meetings � Investment Forums & Fairs � Training in Investment Readiness for SMEs � Training and capacity building for investors � Co-Investment Schemes


20%

80%

Software/Multimedia

Retail and services


100%


124

E-Synergy Limited

Network details Contact person John Tidmarsh Contact details 6-7 New Bridge Street

EC4V 6AB London United Kingdom T: +44 20 7842 0521 F: +44 20 7583 3474 E: [email protected] W: www.e-synergy.com

Date of creation 1999 Partner organisations BVCA, BBAA


� Company Presentation Events � Syndication � Training for investors � Training for entrepreneurs � Co-investment schemes

125

Halo - the Northern Ireland Business Angel Network

Network details Contact person Alan Watts Contact details Northern Ireland Science Park

The Innovation Centre Queen’s Road, Queen’s Island Belfast BT3 9DT United Kingdom T: +44(0)28 9073 7814 E: [email protected] W: www.nisp.co.uk

Date of creation 2005 Partner organisations Science Park


� Company Presentation Events � Online matching � Syndication � Training for entrepreneurs � Newsletters or Information bulletin


100%


126

SWAIN – South West Angel and Investor Network

Network details Contact person Jenny Colley Contact details 510 Bristol Business Park

Coldharbour Lane Bristol BS16 1EJ United Kingdom T: +44 08700 60 65 60 E: [email protected] W: www.swain.org.uk


Business Link


24%

16%8%

16%

16%

4% 8%

8%


Software/Multimedia

Biotech

Creative Industries


Retail and services

Manufacturing

Health Related


� Company Presentation Events � Online matching � Syndication � Training for investors � Training for entrepreneurs � Newsletters or Information bulletin � Co-investment schemes


92%

8% In the region where the network is located


127

XENOS - The Wales Business Angel Network

Network details

Contac t person David Maas Contact details Oakleigh House Park Place

CF10 3DQ Cardiff United Kingdom T: +44 2920 8017 13 F: +44 2920 3381 78 E: [email protected] W: www.xenos.co.uk



18%

6%

18%12%

16%

9%9%

12%

Software/Multimedia

Biotech

Creative Industries


Health Related

Manufacturing

Other: Food

Other: Leisure


� Company Presentation Events � Syndication � Training for entrepreneurs � Newsletters or Information bulletin � Co-investment schemes � Other Services: Joint events with other funds/networks


100%


128

LINC Scotland

Network details Contact person David Grahame Contact details Queens House

19 St Vincent Place G1 2DT Glasgow, Scotland United Kingdom T: +44 141 221 33 21 F: +44 141 221 32 44 E: [email protected] W: www.lincscot.co.uk

Date of creation 1993 Partner organisations

19 Private Angel Groups Scottish Enterprise European Regional Development Fund Various Private Sector


17%

15%

13%12%11%

17%

10%

5%


Software/Multimedia

Biotech

Creative Industries


Retail and services

Health related

Manufacturing

Services offered by the organisation (i.e. the nat ional association)

� Due diligence support � Syndication � Training for investors � Newsletters or Information bulletin � Co-investment schemes


100%


129

TRANSNATIONAL NETWOKS

130

Quantum Board - The European High-Tech Scoputing Cl ub

Network details

Contact person Helge Hardacker Contact details Baerengasse 5

78050 Villingen-Schwenningen Germany T: +49 7721 903950 E: [email protected] W: www.quantumboard.eu

Date of creation November 2006


100%



� Syndication � Newsletters or Information bulletin � Other Services � benchmark-information and sector-briefings


50%50%



131

MEDIA DEALS

Network details Contact person Thierry Baujard Contact details 5 rue André Messager

75018, Paris France T: +33 1 53 01 47 24 F: +33 1 53 01 47 24 E: [email protected], [email protected] W: www.media-deals.org, www.peacefulfish.com



� Company Presentation Events � Online matching � Due diligence support � Syndication � Training for investors � Training for entrepreneurs � Newsletters or Information bulletin

jpg 352 ko pdf doc directory of networks · pdf filefrance keiretsu forum paris www ... new...

Documents