EBAN Directory of Networks December, 2011
The Directory of Networks is based on information provided by Business Angel Networks, Members of EBAN as of 2011
It provides information regarding the operational characteristics of the various networks, in terms of sectors of interest, services offered to SMEs and investors, and the like.
Published by EBAN Secretariat
Rue Vautier 54 B-1050 Brussels T: +32 2 626 20 62 F: +32 2 626 20 69 E: [email protected] Last update: December, 2011 W: www.eban.org
Copyright © 2011 EBAN. All rights reserved. ABOUT EBAN
EBAN is the European Trade Association for Business Angels, Seed Funds, and other Early Stage Market Players.
EBAN is the pan-European trade association for the Early-stage investment community. Founded in 1999, and based in Brussels, it reaches out through direct and indirect membership to more than 300 Business Angel Networks in Europe. These in turn federate some 20,000 Business Angels, and receive about 40,000 business plans per year. In 2009, EBAN opened up its full membership plan to Early-stage Venture Capital Funds, in an effort to represent all actors involved in bridging the equity gap in Europe. EBAN brings together 115 member organizations and individuals in 30 countries today (figures as of December 1st 2011).
EBAN’s mission is to grow the early stage investment asset class, from 3 billion € to 5 billion € in the coming years, up from 1 billion € of 5 years ago.
EBAN members: EBAN’s five pillars: . Federations of Business Angel . Setting industry-specific professional Networks; standards; . Business Angel Networks (BAN) . Benchmarking through research and operating at local, regional, and networking with peers at high level national level, cross-border BANs events and workshops; and sector- specific BANs; . Lobbying; . Early-stage Venture Capital funds, . Awareness and capacity building; specifically those investing in the . Cross-border syndication and co- 100,000 € - 1 million € range in early- investment support stage companies with a single investment not exceeding 3 million €, and who are interested in either sourcing deal flow from and/or co- investing with Business Angels; . Individual Business Angels . Organisations working in the Early- stage investment ecosystem as associated members
i
STATUTORY BODIES
Executive Committee President of the Association: Brigitte Baumann, Go Beyond (Cross-border network) Vice-Presidents of the Association: Jacek Blonski, Lewiatan BAN (Poland) Luigi Amati, META Group, (Italy) Paulo Andrez, FNABA, (Portugal) Philippe Gluntz, France Angels (France)
Board of Directors Paolo Anselmo, IBAN (Italy) Francisco Banha, Gesventure (Portugal) Albert Colomer, BANC (Spain) Sally Goodsell, Finance South East Ltd (United Kingdom) Arne-G. Hostrup, Netzwerk Nordbayern (Germany) Candace Johnson, Sophia Business Angels (France) René Reijtenbagh, Oost NV (Netherlands) Marie Reinius, SVCA (Sweden) Jacques Évrard, EURADA (Belgium) Claire Munck, ThinkSpark (Belgium)
Brussels based Secretariat Managing Director Advisor Project Manager Chiara de Caro Claire Munck Luis Galveias [email protected] [email protected] [email protected] Office Manager Alicia Gómez Campos [email protected]
EBAN © 2011 Directory of Networks has been compiled and coordinated by Silviya Mladenova, Research Assistant at EBAN (October 2011 – March 2012)
ii Table of contents List of EBAN members Business Angel Networks BAN Federations Early-stage Funds Affiliates Associates Reciprocal membership Early stage actors identified in Europe (and Israel) EBAN Members by country of incorporation Andorra Austria Belarus Belgium Croatia Finland France Germany Greece Ireland Italy Luxembourg The Netherlands Norway Poland Portugal Russia Slovak Republic Spain Sweden Switzerland Turkey United Kingdom List of EBAN members (as of December 2011) Business Angel Networks Country/ N. Organization Web site Region
1 Andorra AndorraAngels www.adi.ad
2 Austria Austria Wirtschaftsservice (AWS) www.awsg.at
3 Belarus BAVIN www.bavin.by
4 Belgaum BAN Vlaanderen vzw www.banvlaanderen.be
5 Belgium Be Angels www.beangels.be
6 Croatia CRANE - Croatian Business Angels Network www.crane.ini.hr
7 Finland Veraventure Ltd www.veraventure.fi
8 Finland FiBAN www.fiban.org
9 France Business Angels Nord de France www.i-prives.eu www.media-deals.org 10 France Media-deals www.peacefulfish.com
11 France Paris Business Angels www.parisbusinessangels.com
12 France Sophia Business Angels www.sophiabusinessangels.com
13 Germany Banson www.banson.net
14 Germany Business Angel-Netzwerk nordbayern www.netzwerk-nordbayern.de
15 Germany Business Angels Agentur Ruhr e.V. (BAAR) www.baar-ev.de
16 Germany Quantum Board GmbH www.quantumboard.eu
17 Greece Mentoring Business Development Services S.A. www.mentoring.com.gr
1 List of EBAN members (as of December 2011) Business Angel Networks Country/ N. Organization Web site Region HALO Business Angel Partnership (Dublin Business Innovation 18 Ireland Centre) www.businessangels.ie
19 Italy Italian Angels For Growth www.italianangels.net
20 Luxembourg Luxembourg Business Angel Network www.lban.lu
21 Norway CONNECT Vest Business Angel Network www.connectvest.no
22 Norway Norban www.norban.no www.pfp.com.pl; 23 Poland AMBER BAN - Polish Entrepreneurs Foundation www.amberinvest.org www.aniolybiznesu.org/en/def 24 Poland Gildia Aniołów Biznesu ault.aspx
25 Poland Lewiatan Business Angels www.lba.pl
26 Poland Secus Wsparcie Biznesu Sp. Z O.O. www.secus.pl Gesventure/ Business Angels Club - Associação Portuguesa De 27 Portugal Investidores Em Startups www.businessangels.pt
28 Slovakia Neulogy www.neulogy.com
29 Spain Esade Ban www.esadealumni.net
30 Spain BAN MADRID+D, Business Angel Network Madrid+d www.madrimasd.org
31 Spain Banc www.bancat.com
32 Spain BANG - Business Angels Galicia www.bang.es
33 Spain Fundacion Zaragoza Conocimiento www.fundacionzcc.org
34 Spain Goban Red Business Angels De Castilla-la Mancha www.gobanclm.com
2 List of EBAN members (as of December 2011) Business Angel Networks Country/ N. Organization Web site Region
35 Spain IESE Red de Inversores Privados y Family Offices www.iese.edu/businessangels INNOBAN, Innovación y Conocimiento para el Desarrollo 36 Spain Sostenible S.L. www.InnoBAN.com
37 Spain MRE S.L. N/A
38 Spain UNIBAN - University Business Angels Network (Galicia) www.uniban.org
39 Switzerland Go Beyond Ltd www.go-beyond.biz The 40 Netherlands BID Network Foundation www.bidnetwork.org The 41 Netherlands Development Agency East Netherlands - OOST NV www.meestersvandetoekomst.nl The 42 Netherlands Maxwell Group www.maxwellgroup.nl The 43 Netherlands PYMWYMIC www.pymwymic.com The 44 Netherlands MIND HUNTER Corporate Finance & Capital Search www.mindhunter.com
45 Turkey Galata Business Angels www.galatabusinessangels.com
46 Turkey METUTECH BAN www.metutechban.org
47 UK Finance South East Limited www.financesoutheast.com
48 UK Halo - the NI Business Angel Network www.nisp.co.uk
49 UK London Business Angels www.lbangels.co.uk
3 List of EBAN members (as of December 2011) BAN Federations
Country/ N. Organization Web site Region
1 France France Angels www.franceangels.org
2 Germany BAND - Business Angels Netzwerk Deutschland e.V. www.business-angels.de
3 Ireland HBAN - Halo Business Angel Network www.hban.org
4 Italy IBAN - Italian Business Angels Network www.iban.it
5 Portugal APBA - Association of Portuguese Business Angels www.apba.pt FNABA - Federação Nacional de Associações de Business 6 Portugal Angels www.fnaba.org
7 Russia NBAA www.rusangels.ru RUSSBA - The National Union of business angels of the 8 Russia Russian Federation www.russba.ru
9 Spain ACC1Ó www.acc10.cat
10 Spain AEBAN - Asociación Española de Bussines Angels Networks www.aeban.org
11 Spain ESBAN - Red Española de Business Angels www.esban.com SVCA - Swedish Venture Capital and Private Equity 12 Sweden Association www.scva.se SECA - The Swiss Private Equity & Corporate Finance 13 Switzerland Association www.seca.ch The 14 Netherlands BAN Nederland www.bannederland.nl
15 Turkey TBAA (Business Angel Association - Turkey) www.melekyatirimcilardernegi.org
16 UK BBAA - British Business Angels Association www.bbaa.org.uk
17 UK LINC Scotland www.lincscot.co.uk
4 List of EBAN members (as of December 2011) Early-stage Funds Country/ N. Organization Web site Region
1 Greece Virtual Trip Group blog.vtripgroup.com
2 Italy META Group S.r.l. www.meta-group.com
3 Poland Polish Investment Fund www.pif.pl
4 Poland IQ Partners www.iqpartners.pl
5 Sweden Almi Invest www.almiinvest.se
6 Switzerland Mountain Partners www.mountain-partners.ch
7 The Netherlands Angel Wings Ventures BV www.angelwingsventures.com
8 Turkey İnventram A.S. www.inventram.com
Affiliates Country/ N. Organization Web site Region
1 France Phil Dardier
2 Italy Dr. Laurenne Hemily-Figus
3 Malta Angelo Dalli www.charonite.com
4 Switzerland Gilles Mougenot
5 Turkey Firat Yucesoy (Caretta Freight Forwarding) www.CarettaFreight.com
6 UK Actrea Capital www.actreacapital.com
7 UK Jim Penberthy - Penberthy Consulting
8 UK Louis Loizou
9 USA Kaushal Chokhi (Quickstart Global) www.quickstartglobal.com
5 List of EBAN members (as of December 2011) Associates Country/ N. Organization Web site Region
1 Belgium WABAN www.waban.be
2 Belgium YES - European Confederation of Young Entrepreneurs www.yes.be
3 Belgium IBBT www.ibbt.be
4 Europe European Space Agency www.esa.int
5 Europe IntesaSanpaolo Eurodesk S.p.r.l. www.intesasanpaoloeurodesk.com UNICer - National Association of the investors in regional 6 France enterprises www.unicer.asso.fr
7 Germany Peter Jungen Holding
8 Greece Hellenic Organisation of SMEs and Handicraft www.eommex.gr
9 Italy Filas www.filas.it
10 Poland AEI - Academic Entrepreneurship Incubators www.inkubatory.pl
11 Portugal BDO www.bdo.pt
12 Portugal IAPMEI - Portuguese Agency for Companies www.iapmei.pt
13 Spain Orkestra, Basque Institute of Competitiveness www.orkestra.deusto.es
14 Spain Ready4Ventures www.ready4ventures.com
15 Sweden Almi Företagspartner Stockholm AB www.stockholm.almi.se
16 Sweden Tillväxtverket www.tillvaxtverket.se
17 Switzerland CTI - Commission for Technology and Innovation www.kti.admin.ch
6 List of EBAN members (as of December 2011) Associates Country/ N. Organization Web site Region
18 Turkey TURKCELL www.turkcell.com.tr
19 Turkey Etohum www.etohum.com
20 Turkey OzU StartUp Factor www.girisimfabrikasi.com
21 UK Exemplas www.exemplas.com
22 UK NESTA www.nesta.co.uk
23 UK ClearlySo www.clearlyso.com
24 UK DFJ Esprit www.dfjesprit.com
25 UK Narec Capital www.nareccapital.com
26 US ACTE www.acte.org
Reciprocal membership
Country/ N. Organization Web site Region
1 Europe ANIMA - Investment Network www.anima.coop
2 Europe EBN - European Business Incubation Centre Network www.ebn.be
3 Europe EFMD - European Foundation for Management Development www.efmd.org
4 Global INSME - International Network for SMEs www.insme.org New 5 Zealand Angel Association New Zealand www.angelassociation.co.nz North 6 America Angel Capital Association (ACA) www.angelcapitalassociation.org
7 Australia Australian Association of Angel Investors www.aaai.net.au
8 Canada NACO – National Angel Capital Organisation www.angelinvestor.ca
9 International National Association of Seed and Venture Funds-NASVF www.nasvf.org
7 Early stage actors identified in Europe (and Israel) (as of December 2011)
Country/ N. Organization Web site Region
1 Austria Angel Investment Club OÖ N/A
2 Austria BAN - Science Park Graz - Styria Region www.sciencepark.at
3 Austria First Love Capital N/A
4 Belgium Africa synergies International www.africasynergies.com Bosnia and 5 Herzegovina Društvo za tržišne studije ( The Society for Market Studies) www.trzisnestudije.org Bosnia and 6 Herzegovina Bosnian Business Angels Network www.bosangels.com
7 Bulgaria Bulgarian Business Angels Network www.bban.eu Bulgarian ICT Cluster - Forum for entrepreneurs and investors 8 Bulgaria (FORENTIN) www.ictalent.org
9 Bulgaria CEE CHIPS Ltd. N/A Czech 10 Republic Angel Investor Association www.aia.cz
11 Denmark BAN InVest www.baninvest.dk
12 Denmark Svitzr www.switzr.dk
13 Denmark Business Angels Syddanmark www.ba-syddanmark.dk
14 Denmark BA- Øresund www.ba-oresund.dk
15 Denmark BA- Copenhagen www.ba-copenhagen.dk
16 Denmark Keystones ApS. www.keystones.dk
17 Finland Business Angels Finland Oy www.ssl.businessangels.fi
18 France 3a venture www.3aventure.com
19 France Ab2a www.blog.ab2a.org
8 Early stage actors identified in Europe (and Israel) (as of December 2011)
Country/ N. Organization Web site Region
20 France Adour Business Angels www.adourangels.fr www.alpes-leman- 21 France Alpes Leman Angels angels.com www.alsacebusinessangels.c 22 France Alsace business angels om www.alumni- 23 France Alumni Entreprendre entreprendre.com
24 France Angelor www.angelor.fr www.businessangelssante.co 25 France Angels sante m
26 France Armor angels www.armorangels.org
27 France Arts et metiers business angels www.am-businessangels.org
28 France Atlantic business angels booster www.businessbooster.fr
29 France Aube business angels N/A
30 France Aurinvest www.aurinvestcapital2.com
31 France Auvergne business angels N/A
32 France Bamboo Investissement www.bamboo.eu
33 France Beaujolais Business Angels N/A
34 France Bluesky capital www.bluesky-capital.com
35 France Bourgogne angels www.bourgogneangels.org
36 France Bretagne Sud Angels N\A
37 France Cantal Business Angels www.cantalbusinessangels.fr
38 France Capitole angels www.capitole-angels.com
9 Early stage actors identified in Europe (and Israel) (as of December 2011)
Country/ N. Organization Web site Region
39 France Caraibes angels www.caraibesangels.org www.champagne-ardenne- 40 France Champagne Ardenne Angels angels.fr www.cleantechbusinessangel 41 France Cleantech business angels s.com
42 France Club invest 77 www.clubinvest77.com www.dauphinebusinessangel 43 France Dauphine Business Angels s.com
44 France Ddidf www.ddidf.org
45 France Drôme Angels www.drome-angels.fr www.entrepreneurs- 46 France Entrepreneurs & Capital capital.com
47 France Ensae business angels www.ensae-ba.org www.cci28.fr/article/eure- 48 France Eure-et-Loir Business Angels et-loir-business-angels
49 France Fa diese 2 www.fadiese.fr www.femmesbusinessangels. 50 France Femmes business angels org www.finance- 51 France Finance et technologie technologie.com
52 France Finaqui www.finaqui.fr
53 France Finistere angels N/A
54 France Grand delta angels www.grand-delta-angels.com www.grenobleangels.grenobl 55 France Grenoble angels eecobiz.biz www.foretpriveefrancaise.co m/forinvest-business- 56 France Forinvest Business Angels angels-287135.html
57 France Initiative et Investissement en Somme (2-I-S) N/A
10 Early stage actors identified in Europe (and Israel) (as of December 2011)
Country/ N. Organization Web site Region
58 France Invest y www.invest-y.com
59 France Investessor-sibessor www.investessor.fr
60 France IT@ngels www.itangels.fr www.valdemarne.com/val- 61 France Val'Angels angels.html www.limousin- 62 France Limousin business angels businessangels.fr www.logodenparticipations.c 63 France Logoden participations om
64 France Lorraine business angels www.lorraine-ba.com
65 France Lyon angels www.lyonangels.org www.manesmanbusinessang 66 France Manesman Business Angels els.com www.mediterranee- 67 France Mediterranee investissement investissements.com
68 France Melies www.melies.fr
69 France Normandie business angels www.nbangels.org
70 France Norm'angels www.normangels.fr
71 France Norm'invest www.norminvest.net
72 France Ouest angels / irus partenaires www.ouestangels.org
73 France Périgord Angels N/A
74 France Provence business angels www.provenceangels.com
75 France Réunion Angels www.reunionangels.org
76 France Re-sources 1 www.re-sources.eu
11 Early stage actors identified in Europe (and Israel) (as of December 2011)
Country/ N. Organization Web site Region
77 France Roanne angels www.roanneangels.fr
78 France Savoie angels www.savoie-angels.com www.sirs-business- angels.org/?q=sirs-business- 79 France Sirs business angels angels www.softwarebusinessangels 80 France Software business angels .com
81 France Sud angels www.sud-angels.fr www.sudfranchecomteangel 82 France Sud Franche Comté Angels s.org
83 France Symbiose 53 www.symbiose53.fr
84 France Synergence www.synergence.fr
85 France Trianon angels www.trianon-angels.com
86 France Val de france angels www.touraine-ecobiz.fr www.vo-business- 87 France Val d'oise business angels angels.com
88 France Var business angels (tvt) www.vba.tvt.fr
89 France Yonne Business Angels N/A
90 France Xmp business angels www.xmp-ba.org http://www.insead.edu/fac ultyresearch/centres/entrepr 91 France INSEAD GAIN eneurship/gain/index.cfm
92 France Alidev N/A
93 France Octave I et II www.sfld.fr
94 Germany Accelerate Business Angels Nordhessen www.regionnordhessen.de
95 Germany BANE - Business Angel Network Europe www.baneonline.com 12 Early stage actors identified in Europe (and Israel) (as of December 2011)
Country/ N. Organization Web site Region
96 Germany Business Angel Forum Region Stuttgart e.V. www.business-angels-region-stuttgart.de Business Angel Initiative Südwestfalen e.V. 97 Germany (BAIS) N/A
98 Germany Business Angel Club Berlin Brandenburg e.V www.bacb.de
99 Germany Business Angels FrankfurtRheinMain e.V. www.ba-frm.de
100 Germany Business Angels im CyberForum www.cyberforum.de
101 Germany Business Angels Netzwerk Lausitz e.V. www.banl.net Business Angels Netzwerk Niedersachsen BAN- www.nbank.de/Unternehmen/Wirtschaft/Investition/ 102 Germany NDS Business_Angel_Netz.php
103 Germany Business Angels Netzwerk Saarland www.business-angels.saarland.de ego.-BUSINESS Netzwerk für Unternehmensgründungen in 104 Germany Sachsen-Anhalt www.businessangels-netzwerk.de
105 Germany Business Angels Weser-Ems-Bremen e.V www.B-A-WEB.de
106 Germany CatCap GmbH www.catcap.de
107 Germany eventurecat GmbH Corporate Finance Advisors www.eVentureCat.com
108 Germany EXBA Exchange for Business Angels GmbH www.exchangeba.com
109 Germany Forum KIEDRICH GmbH www.forum-kiedrich.de
110 Germany IQ2b GmbH www.IQ2b.net
111 Germany Munich Network GmbH www.munichnetwork.com www.nrwbank.de/de/foerderlotse-produkte/win- NRWBANK-Business-Angels- 112 Germany NRW.BANK Business Angels Initiative - win Initiative/15311/produktdetail.html
113 Germany NUK Neues Unternehmertum Rheinland e.V. www.neuesunternehmertum.de
114 Germany Business Angels Rheinland-Pfalz e.V. www.business-angels-rlp.de 13 Early stage actors identified in Europe (and Israel) (as of December 2011)
Country/ N. Organization Web site Region
115 Germany green venture.net www.green-venture.net
116 Germany venture forum neckar e.V. www.venture-forum-neckar.de bansplus - business angels netzwerk südbayern 117 Germany PLUS e.V. www.bansplus.de
118 Germany Cleantech Angel Network www.cleantechangels.net
119 Germany euBAn Euregionales Business Angels Netzwerk www.euban.net
120 Germany Inovis Capital www.inoviscapital.de
121 Germany Business Angel Beteiligungs AG www.business-angel.ag
122 Germany Business Angels Freiburg www.business-angels-freiburg.de
123 Germany Continua Unternehmensentwicklung AG http://www.continua.de
124 Germany DTMAG Deutsche Mittelstands AG www.dtmag.de
125 Germany Business Angels Hanse Netzwerk www.bahn-hanse.de
126 Germany VENTRADA Corporate Finance GmbH www.ventrada.de Business Angel Netzwerk Nordwestdeutschland 127 Germany e.V. www.ban-nwd.de Raphael - Sächsisches Business Angels Netzwerk 128 Germany e.V. www.raphael-ev.de
129 Germany Business Angels Sachsen www.business-angels-sachsen.de
130 Germany BANO - Business Angels Nord-Ost N/A
131 Germany MBPW GmbH www.evobis.de
132 Greece Openfund www.theopenfund.com
133 Hungary ValDeal Innovations Zrt. (Tbc)
14 Early stage actors identified in Europe (and Israel) (as of December 2011)
Country/ N. Organization Web site Region
134 Hungary National Development Agency www.nfu.hu
135 Hungary Huban www.huban.hu
136 Ireland HALO Business Angel Partnership www.businessangels.ie
137 Ireland Reddo Partners www.reddo.ie
138 Israel AfterDox Angels Investment Group www.afterdox.com
139 Israel Eureka Angels www.eureka-g.com
140 Israel Tevel Angels Club www.tevelglobal.com
141 Israel Israel Angels N/A
142 Israel Techaviv Angels www.techaviv.com/angels/
143 Italy Ban Bologna www.banbologna.it
144 Italy Ban Brescia N/A
145 Italy Ban Campania/Caserta www.bancampania.it www.biclazio.it/it/canali/finanziare-lavvio-e-la- 146 Italy Ban Lazio crescita/business-angel.bic
147 Italy Ban Liguria N/A
148 Italy Umbria Business Angel Network N/A
149 Italy Club degli Investitori www.clubdeglinvestitori.it/homepage.php
150 Italy Ban Veneto www.banveneto.it
151 Italy Life Science SHVP Consortium N/A
152 Italy Club Digital BAN N/A
15 Early stage actors identified in Europe (and Israel) (as of December 2011)
Country/ N. Organization Web site Region
153 Latvia CONNECT Latvia Business Angel Network N/A Latvian Private Investor Association "Latvijas 154 Latvia Privāto Investoru Asociācija" www.biznesaengeli.lv
155 Latvia Jurmala Investor Club"Jūrmalas investoru klubs" www.virtualceo.eu
156 Latvia "Saulėtekio slėnis" (Sunrise Valley) www.sunrisevalley.lt
157 Lithuania First Lithuanian Business Angels Network www.businessangels.lt
158 Malta Malta BAN www.maltaban.com Northern 159 Ireland Halo - the NI Business Angel Network www.haloni.com
160 Norway ArticBAN N/A
161 Norway Connect Nord Norge connectnorge.org/cms/cms.nsf/pages/start_nord.html
162 Norway Connect Ostandlet N/A
163 Norway Connect Midt Norge/Trondelay N/A
164 Norway VikingAngels www.vikingangels.com
165 Norway Seed Forum Norway www.seedforum.org
166 Poland PolBAN www.polban.pl RESIK - The Małopolska Agency for Energy and 167 Poland Environmental Managament www.resik.eu/?sub=projekt_resik&change_lang=en
168 Poland WSAB - Wschodnia Sieć Aniołów Biznesu wsab.org.pl
169 Poland Gildia Aniołów Biznesu www.aniolybiznesu.org
170 Portugal BusyAngles - Sociedade de Capital de Risco, SA N/A
171 Portugal Associação de Business Angels do Algarve N/A
16 Early stage actors identified in Europe (and Israel) (as of December 2011)
Country/ N. Organization Web site Region
172 Portugal Centro Business Angels - CEC/CCIC www.netcentro.pt Invicta Angels - Associação de Business 173 Portugal Angels do Porto www.invictaangels.pt
174 Portugal OPEN Business Angels www.open.pt Vima Angels – Associação de Business Angels de 175 Portugal Guimarães N/A
176 Portugal Associação de Business Angels de Santarém N/A Alenbiz - Associação de Business Angels do 177 Portugal Alentejo www.alenbiz.host56.com
178 Portugal Associação de Business Angels da Covilhã N/A
179 Portugal Club de Cascais - Business Angels de Cascais N/A Saint-Petersburg Business Angel Organisation 180 Russia Non-commercial Partnership (Saint-Petersburg) N/A Tomsk Center for Venture Investments LLC 181 Russia (Tomsk) N/A
182 Russia Kazan Network www.rapec.ru Baikal Business Angel Union (Irkutsk)- In 183 Russia creation N/A
184 Russia Moscow Region Business Angels - In creation N/A Novosibirsk Business Angel Network 185 Russia (Novosibirsk)- In creation N/A Russian Association of Private Venture Investors 186 Russia (Business Angels) N/A
187 Russia RuBAN (Russian business-angels association) N/A
188 Russia Moscow Business Angels Network N/A
189 Russia Private Capital Russia www.private-capital.ru Far Eastern Business Angel Network “Laboratory 190 Russia of Investments” (Vladivostok) www.rapec.ru
17 Early stage actors identified in Europe (and Israel) (as of December 2011)
Country/ N. Organization Web site Region Nizhny Novgorod Business Angel Network 191 Russia “Initial Investments” (Nizhny Novgorod) N/A
192 Russia Starting investments www.techbusiness.ru
193 Russia St. Petersburg Organization of Business Angels www.soba.spb.ru/index.php
194 Serbia Serbian Business Angels Network www.htec.rs
195 Slovenia YES Angels www.gust.com/angel-group/yes-angels
196 Spain BCN Business Angels, SL www.bcnba.com
197 Spain Keiretsu Forum www.keiretsuforum.com
198 Spain ASBAN, Red Asturiana de Business Angels www.asban.es
199 Spain Realiza Business Angels www.realiza-ba.com CEEI ALCOY, Centro Europeo de Empresas e 200 Spain Innovación de Alcoy www.ceei-alcoy.com ENCUENTRO CÍRCULO DE INVERSIÓN 201 Spain S.L. www.encuentro-inversion.com CLUB DE BUSINESS ANGELS, INSTITUTO 202 Spain DE EMPRESA www.creacion.empresas.ie.edu CV BAN, Comunitat Valenciana Business Angels 203 Spain Network www.cvban.org
204 Spain Asociación de Business Angels First Tuesday N/A
205 Spain SOPDE - Malaga Business Angels www.sopde.es/businessangels CEEI Baleares, Centre Europeu d'Empreses www.balearsempren.com/index.php?Itemid=183&sear 206 Spain Innovadores Balears chword=innovadores PROEXCA. Sociedad Canaria de Fomento 207 Spain Económico S.A. www.proexca.es
208 Spain ALAMUT BUSINESS ANGELS NETWORK www.alamut.es Fundación Centro Europeo de Empresas e 209 Spain Innovación (CEEI) Castellon www.ceei-castellon.com
18 Early stage actors identified in Europe (and Israel) (as of December 2011)
Country/ N. Organization Web site Region Fundación Centro Europeo de Empresas e www.redceei.com 210 Spain Innovación (CEEI) Valencia CEEI ELCHE, Centro Europeo de Empresas e 211 Spain Innovación de Elche www.ceei-elche.com SODERCAN, Sociedad para el Desarrollo 212 Spain Regional de Cantabria, S.A. www.sodercan.com CLUB DE INVERSORES EN FRANQUICIA- 213 Spain TORMO & ASOCIADOS, S.L. www.tormo-asociados.es
214 Spain Asociacion BULKA Business Angels www.bulkangels.com www.recaba.com/component/search/index.php?Itemi 215 Spain Red Canaria de Business Angels (RECABA) d=61
216 Spain BANIB, Business Angels Network Illes Balears www.banib.es
217 Spain Fundación Emprende Canarias www.fundacionemprende.org
218 Spain INBERSO www.inberso.com
219 Spain EuskalBAN Red Vasca de Inversores www.redinversores.com www.lasalleparquedeinnovacion.es/Paginas/default.asp 220 Spain LA SALLE PARQUE DE INNOVACIÓN x MADRID EMPRENDE, Agencia de Desarrollo 221 Spain Económico www.esmadrid.com/madridemprende
222 Spain PRIVILEGED BUSINESS PROJECTS S.L. www.privileged.es MURCIA BAN, Red de Inversores Privados de la 223 Spain Región de Murcia www.murcia-ban.es
224 Spain LIDERA VALUE www.bantec.es
225 Spain SeedRocket Angels www.seedrocket.com/es/
226 Spain EIX Technova www.salle.url.edu/eixtechnova/
227 Spain Lleida Business Angels Partners, SL www.lleidaba.com AIJEC (Associació Independent de Joves 228 Spain Empresaris de Catalunya) www.aijec.es
19 Early stage actors identified in Europe (and Israel) (as of December 2011)
Country/ N. Organization Web site Region CLUB ABANT (Alicante Business Angels 229 Spain Network Technologies - Alicante Emprende) N/A
230 Spain Federacion de Empresarios de la Rioja www.sie.fer.es
231 Spain Marina Alta Business Angels Network - Creama www.maban.net E-VALORA FINANCIAL SERVICES, S.L.,Club 232 Spain Business Angels Pymeinversión www.e-valora.com Red de Inversores y Emprendedores de Castilla y 233 Spain León, BANCAL (ADE Financiación) www.bancal.jcyl.es
234 Spain RED DE BUSINESS ANGELS DE NAVARRA www.camaranavarra.com
235 Spain EXTREMADURA EMPRENDE www.extremaduraemprende.com
236 Spain RED DE BUSINESS ANGELS DE CÁDIZ www.ceeibahia.com
237 Spain BANUAL www.banual.net
238 Spain Digital Assets Deployment www.dad.es
239 Spain Inveready www.inveready.com
240 Spain YarakSeed www.yarakseed.com
241 Spain BAN CLM - Castilla-La Mancha www.banclm.com
242 Sweden Coach & Capital www.coachandcapital.se
243 Sweden Theia www.theia.se
244 Sweden DalaBAN N/A
245 Sweden Delfinerna i Skåne (Almi Skåne) N/A
246 Sweden Spiltan www.spiltan.se
247 Sweden SmålAf AB - Smålands Affärsänglar AB www.smalaf.se
20 Early stage actors identified in Europe (and Israel) (as of December 2011)
Country/ N. Organization Web site Region
248 Sweden Connect Väst Affärsängelnätverk www.connectvast.se
249 Sweden Roslagens Affärsänglar www.roaf.se
250 Sweden Connect Östra Sverige Privatinvesterare www.connectsverige.se
251 Sweden Connect Skåne Affärsängelnätverk N/A
252 Sweden Connect Västs Affärsängelnätverk N/A
253 Sweden Chalmers Innovations Investerarnätverk www.chalmersinnovation.com
254 Sweden Delfinerna i Västerbotten/Connect Norr www.connectsverige.se
255 Sweden Stoaf - Stockholms Affärsänglar www.stoaf.se Partners för Utvecklingsinvesteringar i Life 256 Sweden Sciences www.pulsinvest.se
257 Sweden Connect Uppsala Affärsängelnätverk www.connectuppsala.se
258 Sweden Stiftelsen Teknikdalen www.teknikdalen.se
259 Sweden Östgötaänglar N/A
260 Sweden KGF Värmlands www.kgf.se
261 Sweden North Sea Angels N/A
262 Sweden Business Angels Syd N/A
263 Sweden Connect Syd N/A
264 Switzerland BrainsToVentures AG (b-to-v) www.b-to-v.com
265 Switzerland Business Angels Schweiz www.businessangels.ch
266 Switzerland Club Valaisan des Business Angels www.bizangels.ch
21 Early stage actors identified in Europe (and Israel) (as of December 2011)
Country/ N. Organization Web site Region
267 Switzerland Mountain Club AG www.mountain-club.ag
268 Switzerland MSM Investorenvereinigung www.msmgroup.ch
269 Switzerland Start Angels Network www.startangels.ch
270 Switzerland Ci-privés www.ci-prives.com
271 Switzerland CTI Invest www.cti-invest.ch www.eev.ch/fr/manifestations/forum-pour-jeunes- 272 Switzerland Forum des Entrepreneurs entrepreneurs.html
273 Switzerland Co-Investor AG www.co-investor.com
274 Switzerland Constellation Partners www.constellation.ch
275 Switzerland A3 Angels Investor Group www.a3angels.epfl.ch
276 Switzerland CapitalProximité www.capitalproximite.ch
277 Switzerland Bio Valley Business Angel Club (Bio Bac) www.biobac.ch The 278 Netherlands The Informal Investors Network B.V./TIIN www.tiin.net The 279 Netherlands Informal Capital Network B.V. www.informalcapital.net The 280 Netherlands Flevoland Informal Investors Netwerk www.omfl.nl The 281 Netherlands Women Professionals Group www.womenprofessionalsgroup.com The 282 Netherlands Nextstage www.nextstage.nl The 283 Netherlands ABN AMRO Informal Investment Services www.informalinvestment.nl The 284 Netherlands Mindhunter www.mindhunter.com The 285 Netherlands KplusV/Schretlen & Co www.kplusv.nl
22 Early stage actors identified in Europe (and Israel) (as of December 2011)
Country/ N. Organization Web site Region
286 Turkey Business Angels Association of Turkey (TBAA) www.melekyatirimcilardernegi.org
287 UK Turning Point UK Limited www.turningpointuk.org
289 UK Advantage Business Angels www.advantagebusinessangels.com
290 UK Central England Business Angels LLP www.centralenglandbusinessangels.com
291 UK Connect London www.connectlondon.org
292 UK Creative Arts Investment Network www.cainuk.com
293 UK Entrust www.entrust.co.uk
294 UK Envestors www.envestors.co.uk
295 UK Kingston Business Angels www.akid.co.uk
296 UK Minerva Business Angel Network www.minerva.uk.net
297 UK XéNOS www.xenos.co.uk
298 UK SWAIN - South West Angel & Investor Network www.swain.org.uk
299 UK The Viking Business Angels Club Ltd www.vikingclub.co.uk
300 UK Capital Partners Group www.capital-partners.co.uk
301 UK Cavendish Management Resources www.cmrworld.com
302 UK East Midlands Business Angels Ltd www.em-ba.co.uk
303 UK Endeavour Ventures Limited www.endven.com
304 UK First Capital www.firstcapital.co.uk
305 UK Hotbed www.hotbed.uk.com
23 Early stage actors identified in Europe (and Israel) (as of December 2011)
Country/ N. Organization Web site Region
306 UK Keiretsu Forum London N/A
307 UK Pi Capital Limited www.picapital.co.uk
308 UK Solent Investment Opportunities Network N/A
309 UK UK India Business Angel Network www.ukibc.com
310 UK Barwell PLC N/A
311 UK PEERS www.wealthpeergroup.com
312 UK ClearlySo www.clearlyso.com
313 UK ADDIDI www.addidi.com
314 UK BioAngels N/A
315 UK Cambridge Angels www.cambridgeangels.net
316 UK Strathclyde University Incubator www.suilimited.com
317 UK Inspire Angels N/A
318 UK Beer & Partners www.beerandpartners.com
319 UK Beer & Young http://www.beerandyoung.com Eastern Capital Alliance (formerly Great Eastern 320 UK Investment Forum) www.geif.co.uk
321 UK Octopus Venture www.octopusventures.com
322 UK Oxford Early Investments www.oxei.co.uk Oxford Investment Opportunity Network 323 UK Oxfordshire www.oion.co.uk/index.html
324 UK Thames Valley Investment Network www.tvin.co.uk
24 Early stage actors identified in Europe (and Israel) (as of December 2011)
Country/ N. Organization Web site Region Yorkshire Association of Business Angels 325 UK (YABA) www.yaba.org.uk
326 UK Growth Investment East Midlands www.ginem.co.uk
327 UK Silverstone Investment Network www.silverstoneinvest.co.uk
328 UK Enterprise 100 Ltd www.london.edu
329 UK C2 Ventures London&Berkhamsted N/A
330 UK Cambridge Capital Group www.cambridgecapitalgroup.co.uk
331 UK Braveheart Investment Group plc www.braveheart-ventures.co.uk
332 UK Daedalus N/A
333 UK Grampian Biopartners www.grampianbiopartners.com
334 UK Melville Capital N/A
335 UK Albyn Ventures N/A
336 UK Alida Capital International Ltd www.alidacapital.com
337 UK Barwell Plc N/A
338 UK Aurora Private Equity www.auroraequity.co.uk
339 UK Highland Venture Capital Ltd www.highvc.co.uk
340 UK Kapital Venture Equity Ltd www.kapitalventures.co.uk
341 UK Kelvin Kapital Ltd N/A
342 UK Archangel Informal Investments www.archangelsonline.com
343 UK Capital Angels Investments Ltd N/A
25 Early stage actors identified in Europe (and Israel) (as of December 2011)
Country/ N. Organization Web site Region Discovery Investment Fund - Informal Private 344 UK Syndicate www.discoveryinvestmentfund.co.uk
345 UK Tri Capital - Informal Private Syndicate www.tricapital.co.uk
346 UK Par Equity LLP - Limited Partnership www.parequity.com
347 UK Angels Den www.angelsden.co.uk
26 Andorra
Andorra Angels Contact details Address: Andorra Desenvolupament Inversió C/Prat de la Creu 59-65, esc.A, 1r Contact person: Mr. Carles Aleix www.adi.ad E-mail: [email protected] Phone: (+376)81.20.20 Fax: (+376)81.20.21
Quick facts . Year of establishment: 2008 . Legal status: Andorra Angels is one of many other projects with a structure of a public company in relation with entrepreneurship support. . Financial support received from: Andorran Government . Partner organizations: Chamber of Commerce University/Business School . Services offered by the organization: Company Presentation Events Training for entrepreneurs 2010 Investments breakdown by growth stage of the investee companies
19%
62%
19% Seed Early stage and start-up
Expansion Andorra
27 Austria
Background “i2 - Die Börse für Business Angels” (i2 - The Austrian Business Angel Network) is the only significant BAN operating at national level. It was founded in 1997 and is part of the Austria Wirtschaftsservice GmbH (AWS), a governmental bank specialised in supporting Austrian companies with focus on start up companies and high tech entrepreneurs as well as creative industries. Since 2010 i2 has redesigned its operational process of acquisition of new high potential start up companies and has increased its local network up to 59 network partners (universities, incubators, regional development agencies). In 2011 the total outcome of the matching service reached the sum 65 closed deals with more than 10.000.000 EUR private Investment (a mean of 154.000 EUR per deal). i2 covers all branches and is focussed on early stage investment projects. Legal status of the networks i2 - The Austrian Business Angel Network is a service programme of the Austria Wirtschaftsservice GmbH (AWS), a governmental bank specialised in supporting Austrian companies. Owner is the the Federal Ministry of Economy, Family and Youth and the Federal Minister for Transport, Innovation and Technology of the Republic of Austria. 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. Since 2010 Austria Wirtschaftsservice GmbH (AWS) supports also BA initiatives and start up events (start up week, high tech road show, i2b business plan competitions, we-workshops for entrepreneurs, etc.) Lobbying activities The BAN stays in contact with all major organisations involved in the process of start up financing and high tech entrepreneurship (start up funds, universities, science
parks, lobbying organisations, business plan competitions).
Austria
28 Austria
EU Support Between Sept. 1999 and Sept. 2002 i2 was co-funded by the European Union. EBAN Members . i2 - The Austrian Business Angel Network / Austria Wirtschaftsservice GmbH (AWS)
Country form provided by: i2 | Austria Wirtschaftsservice GmbH
Statistics 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Number of Business Angels (*) 81 83 96 91 90 103 116 147 124 120 124 Number of projects submitted n/a n/a 427 341 358 318 323 388 355 373 275 Number of accredited 59 projects 63 92 103 69 60 85 71 54 38 30 Number of deals 4 4 7 8 1 6 10 5 6 3 5 Average amount of the deal (€ ‘000) n/a n/a n/a 140 150 261 150 120 100 110 108.4 Number of 3 BANs 1 1 1 1 1 2 2 3 3 3 Number of commercial 0 BANs 0 0 0 0 0 0 0 0 0 0 Number of non- commercial BANs 1 1 1 1 1 2 2 3 3 3 3 Number of national BANs 1 1 1 1 1 1 1 1 1 1 1 Number of regional BANs 0 0 0 0 0 1 1 2 2 2 2
(*): Numbers include private business angels and institutional investors
Austria
29 Austria
Legal status of the networks i2 is a programme of the AWS, a state-owned bank specialised in supporting Austrian companies. 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. 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.). EU Support Between Sept. 1999 and Sept. 2002 i2 was co-funded by the European Union. EBAN Members . I2/AWS. Country form provided by: i2 | Austria Wirtschaftsservice GmbH
Contact details Address: Ungargasse 37 1030 Vienna Contact person: Ing. Mag. Bernd Litzka E-mail: [email protected] Phone: (+43) 1 50175 463 Fax: (+43) 1 501 75 900
Web site: www.awsg.at
Austria
30 Austria
i2 –The Austrian Business Contact details Angel Network Address: Ungargasse 37 1030 Vienna Contact person: Ing. Mag. Bernd Litzka www.awsg.at E-mail: [email protected] Phone: (+43) 1 50175 463 Fax: (+43) 1 501 75 900
Quick facts . Year of establishment: 1997 . Legal status: Part of a larger organisation . Financial support received from: Federal Ministry of Economy . Partner organizations: Chamber of Commerce University/Business School Incubator/Science Park Regional Development Agency Regional BANs in Austria, Germany an the South Tyrol . Services offered by the organization: Company Presentation Events Training for entrepreneurs Online matching Due diligence support Syndication Training for investors
Co-investment schemes
Austria
31 Austria i2 –The Austrian Business Angel Network Sectors of investment in 2010 according to the number of deals (left) and according to total amount invested (right)
6% 25% 25% 19%
Creative Industries 57% 18% Biotech and Life sciences 25% 25% Environment and Cleantech Retail and Distribution
Location of the investees
In the same country, but not in the same region
100%
Austria
32 Belarus
BAVIN - Business Angels & Contact details Venture Investors Network Address: Nezavisimosti Str. 39 220005 Minsk Contact person: Ms. Valeria Sudilovskaia, Executive director www.bavin.by E-mail: [email protected] Phone: (+375) 29 625 67 47 Fax: (+ 375) 17 288 27 88 Quick facts . Year of establishment: 2010 . Legal status: Association . Financial support received from: Funded by members only . Partner organizations: Incubator/Science Park Regional Development Agency University/Business School BANs and Venture funds from different countries . Services offered by the organization: Company Presentation Events Training for entrepreneurs Online matching Due diligence support Syndication Training for investors Co-investment schemes
Newsletters or Information bulletin
Belarus
33 Belgium
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, 1 Walloon networ merged with the Brussels network into 1, Be Angels. As of today, Belgian counts 3 networks: 1 network in Flanders, 2 in Wallonia1 and Brussels 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. 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. Lobbying activities 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. Belgium 1 In 2008, WABAN restructured its activities to become an awareness raising platform about the investment possibilities between Wallonia and the North 34 of France, and has delegated its match-making activities to Be Angels. Belgium
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 JCI. 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 was a tri-national network in the Euregio Meuse-Rhine, which aimed to generate more BA-activity in this region and to enhance cross-border investments through BA‟s. Euban was partially subsidised through Interreg III-funds. 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. Belgium
35 Belgium
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. EBAN Members . BAN Vlaanderen H. Van Veldekesingel 150/7 3500 Hasselt Belgium www.ban.be Phone: (+32) 11 870 910 . Be Angels Rue Fond Cattelain, 2 1435 Mont-Saint-Guibert Belgium www.beangels.be Phone: (+32) 10 485020 Country form provided by: BeAngels and BAN Vlaanderen Contact details BAN Vlaanderen vzw BeAngels Mr. Reginald Vossen, CEO Mr. Joseph de Gheldere, CEO T: +32 11 870 910 T: +32 10 48 50 22 F: +32 11 870 921 F: +32 10 48 50 21
E: [email protected] E: [email protected] Belgium
36 Belgium
Statistics
2005 2006 2004** 2007*** 2008 2009 2010 ** **
Number of BANs 5 5 5 3 3 3 3
Number of Business Angels 160 n/a 370 385 270 272 301
Number of deals 29 49 46 35 32 36 47
Number of accredited projects 136 186 189 132 155 147 181
Number of commercial BANs 1 1 1 1 1 1 1
Number of non- commercial BANs 4 4 4 2 2 2 2
Number of national BANs 0 0 0 0 0 0 0
Number of regional BANs 5 5 5 3 3 3 3
National association 1 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
Belgium
37 Belgium
BAN (Business Angels Contact details Netwerk) Vlaanderen vzw Address: H. Van Veldekesingel 150/7 3500 Hasselt Belgium Contact person: Mr. Reginald Vossen, CEO E-mail: [email protected] www.ban.be Phone: (+32) 11 870 910 Fax: (+32) 11 870 921 Quick facts . Year of establishment: 2004 . Legal status: vzw (vereniging zonder winstoogmerk) . Financial support received from: consultancy firms . Partner organizations: University/Business School Regional Development Agency Consultancy firms . Services offered by the organization: Company Presentation Events Training for entrepreneurs Online matching Due diligence support Syndication Training for investors Co-investment schemes Newsletters or Information bulletin
Expert panel sessions on integrated financing
Belgium
38 Belgium
BAN (Business Angels Netwerk) Vlaanderen vzw Sectors of investment in 2010 according to the number of deals ICT 11% 3% Mobile, including software and service applications 3% Creative Industries 3% 21% Health Care/ MedTech Energy 11% Environment and Cleantech Retail and Distribution 3% Finance and Business Services Logistics and transport 11% Manufacturing 31% 3%
Location of the investees
5%
95% In the region where the network is located
In the same country, but not in
the same region Belgium
39 Belgium
BeAngels S.A. Contact details Address: Rue Fond Cattelain, 2 1435 Mont-Saint-Guibert Belgium Contact person: Mr. Joseph de Gheldere, CEO www.ban.be E-mail: [email protected] Phone: (+32) 10 48 50 22 Fax: (+32) 10 48 50 21 Quick facts . Year of establishment: 2000 . Legal status: Commercial entity . Financial support received from(*): Regional Development Agency and sponsors . Partner organizations(*): University/Business School Regional Development Agency Business Partners Incubator/Science Park . Services offered by the organization(*): Company Presentation Events Online matching Due diligence support Syndication Training for entrepreneurs Co-investment schemes Newsletters or Information bulletin (*)
the information is relevant for 2009 Belgium
40 Croatia
Background Explanation why members came from 30 to 12. CRANE was founded in 2008 and it has 23 business angels at first year. Most of them were members only because of personal PR so founders decided to introduce a membership fee to hold business angles who want to invest and the number in 2010 dropped to 12. Legal status of the networks In Croatia is only one Business Angel Network and it was co-founded by Agency for Export and Investment Promotion which is government institution but CRANE is non profit and non government institution. National association There is no national or major Business Angels Association in Croatia. Lobbying activities None Statistics 2008 2009 2010
Number of Business Angels (*) 23 30 12
Number of projects submitted 64 94 112
Number of accredited projects 5 10 10 Number of deals 1 3 1
Average amount of the deal (€ ‘000) 250 30 100
Number of BANs 1 1 1
Number of commercial BANs 0 0 0
Number of non-commercial BANs 1 1 1
Number of national BANs 1 1 1
Number of regional BANs 1 1 1
Country form provided by: CRANE – Croatian BAN Croatia
41 Croatia
CRANE - Croatian Business Contact details Angel Network Address: Ulica Grada Vukovara 269 D 10000 Zagreb Contact person: Mr. Dalibor Čvek www.crane.ini.hr E-mail: [email protected]; [email protected] Phone: (+38) 598/9766-823 Fax: (+38) 501/5571-052
Quick facts . Year of establishment: 2008 . Legal status: Association . Financial support received from: Мembership . Partner organizations: Incubator/Science Park . Services offered by the organization: Company Presentation Events
Syndication
Croatia
42 Croatia
CRANE - Croatian Business Angel Network Sectors of investment in 2010 according to the number of deals (left) and according to total amount invested (right)
Mobile, including software and service applications Retail and Distribution 50% 50% Stratospheric airship, waterless car wash
20% 25% 25% 30%
Location of the investees
5%
80% In the region where the network is located In the same country, but not in the
same region
Croatia
43 Finnvera Plc Finland
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. 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 and INTRO (2001-2007) as a marketplace for business angels and other venture capitalists to meet technology companies in the start-up or restructuring phase was launched. SITRA was also invited as an expert partner in European Commission‟s EASY programme at the end of 2006. From the beginning of 2008 the assignment to develop business angel activities was moved from SITRA to the venture capital arm of Finnvera Plc. Finnvera is a specialised financing company owned by the State of Finland and it is the official Export Credit Agency (ECA) of Finland. In early 2008 Finnvera launched BAN called InvestorExtra under it‟s venture capital operations. In addition, Finnvera manages a seed fund and small scale fund of fund activity. There are also few commercial/private initiatives that have been founded during the past couple of years. Legal status of the networks InvestorExtra is a BAN managed by the venture capital arm of Finnvera Plc. Finnvera also manages a seed fund that often co-invests with BAN. EBAN Members . Finnvera Plc. Country form provided by: Finnvera Plc
Contact details Address: Eteläesplanadi 8 (P.O.Box 1010), 00101 Helsinki Finland Contact person: Mr. Hannu Jungman E-mail: [email protected] Phone: (+358) 20 460 3585
Fax: (+358) 20 460 3587 Finland
44 Finland
Statistics 1997- 2002 2003 2004 2005 2006 2007 2008 2009 2010 20011
Number of BANs (1) 1 1 1 1 1 1 1 4 4 Number of 326 394 Business Angels (1) 90 207 253 286 (+70*) (+64*) 400 400 450
Number of deals (1) 12 10 12 13 17 10 6 22 82 Number of annually accredited projects (1) 35 52 41 37 50 45 20 (39) 45 2 Number of commercial BANs (1) 0 0 0 0 0 0 0 3 3 Number of national BANs (1) 0 0 0 0 0 0 0 1 1 Number of regional BANs (1) 3 3 National association (1) 1 1 1 1 1 1 1 0 0
Number of BANs (1) 1 1 1 1 1 1 1 4 4 Number of 326 394 Business Angels (1) 90 207 253 286 (+70*) (+64*) 400 400 450 1Data from years 1997-2008 was reported by SITRA and refers solely to SITRA statistics. 2Includes only InvestorExtra projects. (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)
Finland
45 Finland
Investor Extra Contact details Address: Eteläesplanadi 8 (P.O.Box 1010), 00101 Helsinki www.veraventure.fi Finland Contact person: Mr. Hannu Jungman E-mail: [email protected] Phone: (+358) 20 460 3585 Fax: (+358) 20 460 3587
Quick facts . Year of establishment: 2011 . Legal status: Part of a larger organisation . Financial support received from: Parent organisation . Partner organizations: University/Business School Regional Development Agency Incubator/Science Park . Services offered by the organization: Company Presentation Events Training for entrepreneurs Online matching Due diligence support Syndication Co-investment schemes
Newsletters or Information bulletin
Finland
46 Finland
Investor Extra
Sectors of investment in 2010 according to the number of deals (left) and according to total amount invested (right) ICT
Mobile, including software and service applications Health Care/ MedTech 4% 3% 10% 10% 4% 5% 9% Energy 5% 14% 9%
56% 71%
Location of the investees
In the region where the network is located
100%
Finland
47 Finland
FiBAN – Finnish Business Contact details Angels Network Address: Sturenkatu 21 00510 Helsinki Contact person: Mr. Claes Mikko Nieminen www.fiban.org E-mail: [email protected] Phone: (+358)504913001
Quick facts . Year of establishment: 2011 . Legal status: Association . Financial support received from: Private non-profit organisations . Partner organizations: Chamber of Commerce Incubator/Science Park Regional Development Agency University/Business School: Aalto University Evli Bank . Services offered by the organization: Company Presentation Events Online matching Syndication Training for investors Training for entrepreneurs Newsletters or Information bulletin
Co-investment schemes
Finland
48 France
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 Investes sor. 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 85 French networks (data 2011). 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 50% of their contribution by investing in a SME. 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 85 French BANs. Lobbying activities 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.
Funding sources France
49 France
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. . Business Angels Week: For the fifth time, France Angels organized in 2010 the Business Angels national week: 32 events, 2 500 participants and 1/3 of Business Angels potentials. 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 public was large and satisfied; the press audience was exceptional. The next edition will take place from 14 till 18 November 2011. 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). EBAN Members . France Angels – Federal member . Go Beyond – Transnational network . Paris Business Angels . Keiretsu Forum Paris . Sophia Business Angels . Media Deals– Transnational network
. Business Angels Nord de France France
50 France
Statistics 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Number of 48(35) BANs 32 - 1 40 38 41 54 61 75 83 32
Number of Business Angels n/a n/a n/a n/a 1316 2100 2500 3000 3650 4250 n/a
Number of deals n/a n/a n/a n/a 157 150 214 3002 380 320 n/a Number of accredited projects n/a n/a n/a n/a 579 730 - 1200 1400 1280 n/a
Total amount invested (mln €) ------60 64 40 - Number of commercial 11 (47 BANs 5-10 5-10 n/a n/a 1 1 answers) - 2 5-10 Number of non- commercial 36 (47 BANs 16 18 n/a n/a 37 40 answers) - 79 16
Number of 12 (47 national BANs n/a n/a n/a n/a 4 1 answers) 11 16 18 n/a Number of 35 (47 regional BANs n/a n/a n/a n/a 34 34 answers) 50 65 65 n/a National association 1 1 1 1 1 1 1 1 1 1 1 Country form provided by: France Angels Contact details France Angels Address: 16, Rue de Turbigo │75002 Paris Contact person: Mr. Benjamin Bréhin, Manager
E-mail: [email protected] Phone: (+33) 1 44 82 77 77
Fax: (+33) 1 44 82 77 76 France
51 France
Business Angels Nord de Contact details France Address: 2, Palais de la Bourse BP 500 59001 Lille Contact person: Ms. Maude Malyszka E-mail: [email protected] Phone: (+33) 03 20 63 79 99 www.i-prives.eu Fax: (+33) 03 20 55 14 67
Quick facts . Year of establishment: 2002 . Financial support received from: Federal Ministry of Economy . Partner organizations: Chamber of Commerce Interreg program (UE) . Services offered by the organization: Company Presentation Events Due diligence support Syndication Training for investors Training for entrepreneurs
Newsletters or Information bulletin
France
52 France
Media deals Contact details Address: 2, Palais de la Bourse BP 500 59001 Lille www.media-deals.org Contact person: Mr. Thierry Baujard, President E-mail: [email protected] Phone: (+49) (0)30 488 2885 61 Fax: (+49) (0)30 690 88 386
Quick facts . Year of establishment: 2008 . Financial support received from: EU projects . Partner organizations: Regional Development Agency EU organizations . Services offered by the organization: Company Presentation Events Training for investors Training for entrepreneurs
Newsletters or Information bulletin
France
53 France
Media deals
Sectors of investment in 2010 according to the number of deals (left) and according to total amount invested (right)
50% 50%
ICT 50% 50% Creative Industries Location of the investees
Outside of Europe
100%
France
54 France
Paris Business Angels Contact details Address: 16 rue de Turbigo 75002 Paris Contact person: Mr. Georges Viglietti E-mail: [email protected] www.parisbusinessangels.com Phone: (+33) 01 44 82 77 73 Fax: (+33) 01 44 82 77 76
Quick facts . Year of establishment: 2004 . Financial support received from: City Council of Paris and Île de France Region . Partner organizations: Chamber of Commerce Software Business Angels and ESSEC Business Angels . Services offered by the organization: Company Presentation Events Online matching Due diligence support Syndication Training for investors Newsletters or Information bulletin Co-investment schemes
Other
France
55 France
Paris Business Angels
Sectors of investment in 2010 according to the number of deals (top) and according to total amount invested (bottom) ICT 11% 5% Mobile, including software and service 5% 6% applications Creative Industries 11% 12%
Health Care/ MedTech
Retail and Distribution
50%
5% 1% 2% 20% 5%
11%
Biotech and Life sciences
Social and Sustainable Investments - impact investing 56% Logistics and transport
Location of the investees
In the region where the network is located In the same country, but not in the 5% same region
95%
France
56 France
Sophia Business Angels Contact details Address: 300 Rue des Crètes 6560 Sophia Antipolis Contact person: Ms. Juliana Garaizar E-mail: : [email protected] www.sophiabusinessangels.com Phone: (+33) 4 9300 6025 Fax: (+33) 4 9300 6001 Quick facts . Year of establishment: 2002 . Financial support received from (as of 2009): Foundation Sophia Antipolis AIC Incubator SKEMA Business School French Government CDC Entreprises . Partner organizations (as of 2009): Chamber of Commerce: CCI Nice Cöte d‟Azur Incubator/Science Park: Antipolis Innovation Campus, PACA Est Incubateur, Pionnières côte d‟Azur Regional Development Agency: Plateforme d‟Orientation Financière PACA, Plateforme d'initiative Locale Sophia Antipolis University/Business School: Skema Business School, EDHEC Business School Foreign partner networks:Cambridge Angels, Luxembourg Business Angel Network, Galata Business Angels, the Spanish Orkestra and ESADE Alumni Business Angels Barcelona, Canadian Business Angels, BioBio Business Angels and InnovaChile in Chile, Copenhagen Business Angels Investments funds from Middle East: Tamkeen - kingdom of Bahreïn. . Services offered by the organization (as of 2009): Company Presentation Events Online matching Due diligence support Syndication
Training for investors Newsletters or Information bulletin Co-investment schemes Other France 57 Germany 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. Legal status of the networks BANs operating in Germany are set up as either public sponsored associations, non- profit associations or private enterprises. National association As indicated above, 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. Lobbying activities 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. 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 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. Germany 58 Germany
EBAN Members . BAND . BAAR . netzwerk|nordbayern . BANSON . Quantum Board– Transnational network Country form provided by: Business Angels Netzwerk Deutschland (BAND) e.V. 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Number of BANs 43 36 40 40 40 40 39 25 39 40 42 43 Number of About About About About About About About Business Angels n/a 750 1200 1025 1025 1000 1000 1000 1000 1400 1400 1400
Number of deals n/a n/a n/a 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 n/a n/a n/a Number of commercial BANs 1 3 4 4 4 5 6 5 6 7 13 Number of non- commercial BANs 1 35 37 36 36 36 34 19 33 34 35 30 Number of national BANs 0 1 1 n/a n/a n/a n/a n/a n/a n/a n/a n/a Number of regional BANs n/a 30 n/a n/a n/a n/a n/a n/a n/a n/a n/a National association 1 1 1 1 1 1 1 1 1 1 1 1
Number of BANs 43 36 40 40 40 40 39 25 39 40 42 43
Germany 59 Germany
Contact details Address: Semperstr. 51 45138 Essen Germany Contact person: Dr. Roland Kirchhof Dr. Ute Günther E-mail: [email protected] Phone: (+49) 201 89 415 –60 Fax: (+49) 201 89 415 –10
Web site: www.business-angels.de
Germany 60 Germany
BANSON Business Angel Contact details Netzwerk e.V. Address: Rebenring 33 38106 Braunschweig Contact person: Mr. Rolf Richter, Mr. Uwe www.banson.net Köhler E-mail: [email protected] Phone: (+49) 531 3804 266 Fax: (+49) 531 3804 269 Quick facts . Year of establishment: 2003 . Financial support received from: Members . Partner organizations: Incubator/Science Park Regional Development Agency University/Business School . Services offered by the organization: Company Presentation Events Online matching Syndication Training for entrepreneurs
Newsletters or Information bulletin
Germany
61 Germany f.u.n. netzwerk nordbayern Contact details GmbH Address: Neumeyerstraße 48 90411 Nürnberg, Germany Contact person: Ms. Michaela Müller www.netzwerk-nordbayern.de E-mail: [email protected] Phone: (+49) 911-497248021 Fax: (+49) 911-497248049
Quick facts . Year of establishment: 1999 . Financial support received from: Sponsors, Bavarian Ministry of Economics . Partner organizations: Chamber of Commerce Incubator/Science Park Regional Development Agency University/Business Schoo . Services offered by the organization: Company Presentation Events Due diligence support Syndication Training for investors Training for entrepreneurs Newsletters or Information bulletin Businessplan Competition, Coaching for Entrepreneurs, Networking
Events
Germany
62 Germany f.u.n. netzwerk nordbayern GmbH Sectors of investment in 2010 according to the number of deals (left) and according to total amount invested (right)
ICT 5% 2% 5% 1% 20% Biotech and Life sciences 40% 11% Health Care/ MedTech 10%
Environment and Cleantech 10% 20% Manufacturing 56% Biotech and Life sciences 20% Social and Sustainable Investments - impact investing Logistics and transport
Location of the investees
In the region where the network is located
100%
Germany
63 Germany
Business Angels Agentur Contact details Ruhr e.V. (BAAR) Address: Semperstrasse 51 45138 Essen, Germany Contact person: Ms. Maria Theresia Gerstung E-mail: [email protected] www.baar-ev.de Phone: (+49) 201 24 05 35 19 Fax: (+49) 201 8 94 15 10
Quick facts . Year of establishment: 1999 . Financial support received from (as of 2009): Membership fees . Partner organizations (as of 2009): Incubator/Science Park University/Business School VC's, banks, lawyers and consultants in the BA market, Business plan Competitions, politicians, scientists . Services offered by the organization (as of 2009): Company Presentation Events Syndication Training for investors Training for entrepreneurs Newsletters or Information bulletin
Awareness events and public relations
Germany
64 Germany
Quantum Board - The Contact details European High-Tech Address: Scouting Club Baerengasse 5 78050 Villingen-Schwenningen, Germany Contact person: Helge Hardacker, Owner E-mail: [email protected] Phone: (+49) 7721903950 Fax: (+49) 7721903951 www.quantumboard.eu
Quick facts . Year of establishment: 2006 . Financial support received from: none - privately funded . Partner organizations: Industry associations . Services offered by the organization: Company Presentation Events Due diligence support Syndication
Newsletters or Information bulletin
Germany
65 Germany Quantum Board - The European High-Tech Scouting Club Sectors of investment in 2010 according to the number of deals (left) and according to total amount invested (right)
50% 70%
Energy
Environment and 30% Cleantech 50%
Location of the investees
5%
In the same country, but 25% not in the same region
Outside of the country but
inside Europe
Germany
66 Greece
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. 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. EBAN Members . Mentoring S.A.
Country form provided by: Mentoring S.A.
Greece 67 Greece
Mentoring SA Contact details Address: 296 Kifisias Ave & 40 Navarinou Str. 152-32 Halandri, Athens Greece Contact person: Ms. Despina Tsalavouti, Ms. Maria Koumarianou www.mentoring.com.gr E-mail: [email protected]; [email protected] Phone: (+30) 210 6800743 Quick facts Fax: (+30) 210 6800744 . Year of establishment: 2003 . Legal status: Commercial entity . Partner organizations: Chamber of Commerce University/Business School . Services offered by the organization: Due diligence support Training for investors Training for entrepreneurs
Investment and Network Meetings
Greece
68 Ireland
Background Business Angel Networks, with the support of InterTradeIreland, have been in operation in Northern Ireland since 2003 and in the Republic of Ireland since 2005. These pilot programmes were completed in 2008 and have to date been managed independently of each other. Halo NI is currently being managed by the Northern Ireland Science Park and funded by InterTradeIreland and Invest Northern Ireland, while the Business Angel Partnership is a joint initiative funded by both InterTradeIreland and Enterprise Ireland and operates through the Dublin, Cork, West and South East Business Innovation Centres (BICs). The key objective for the Halo NI and the Business Angel Partnership pilot programme was to develop and foster the growth of private equity and business angel activity in Ireland. This was achieved by seeking to match pre-screened investors with pre-screened investment opportunities in start-up, early stage and developing businesses. International best practice shows us that the best way to achieve this objective is to establishment of an increased number of formal Angel Syndicates. This improves the efficiency of the Business Angel community in terms of their ability to do deals and create investing syndicates capable of supplying larger amounts of private capital over longer periods, thus improving the long term sustainability of SMEs who have received funding. Halo Business Angel Network, HBAN, has been awarded the role of National Director to lead the development of business angel investment in Ireland, in line with International best practice. HBAN has been tasked with the development of 10 syndicated groups of Angel Investors to leverage €5m of investment into early stage companies. Through the formation of syndicates it is believed that an increased level of private investment into early stage technology companies can be created. Legal status of the networks HBAN is a not for profit organisation jointly funded by InterTradeIreland and Enterprise Ireland. The Business Angel Partnership (BAP) is a not for profit organisation jointly funded by Enterprise Ireland, InterTradeIreland, and the Irish Business and Innovation Centres. Halo NI is a not for profit organisation jointly funded by Invest Northern Ireland and InterTradeIreland. Enterprise Ireland, InterTradeIreland, and Invest Northern Ireland are all government agencies which believe that a dynamic and healthy venture capital market is a prerequisite for the growth and development of high potential start-up companies on the island of Ireland. National association Ireland does not have a National Association for Angel Investors however HBAN believes it is positioned as such providing a voice for overall „strategic direction‟ for Angel Investment on the island of Ireland.
National/Regional Support
HBAN, BAP, and Halo NI are financially supported by the relevant government agencies to the
region of approximately €500k per annum. This is expected to reduce in the short term. Ireland
69 Ireland
EU Support HBAN has not yet applied directly for EU funding. Dissemination of Angel Investment and the Model of Syndication HBAN has successfully executed significant media campaigns at a National and Regional level over the last 9 months. HBAN‟s principal message is the profesionalisation of the Angel Capital Industry in Ireland and the promotion of the syndicated model of Angel Investment*. Most recently HBAN organised Ireland‟s first Business Angel Conference with an attendance of 80+. *HBAN have been working in close council with LINC Scotland. EBAN Members . HBAN – www.hban.org . Business Angel Partnership – www.businessangels.ie BAN’s . HBAN Diane Roberts 51-52 Fitzwilliam Square West, Dublin 2 T: +35 316650420 F: +35 316650480 E: [email protected] W: www.hban.org . Business Angel Partnership Dublin Waterford Michael Culligan Michael Maddock Dublin BIC, Guinness Enterprise Centre South East BIC, Unit 1b Taylors Lane, Dublin 8 Industrial Park Tel: +353 1 4100 818/9 Cork Road, Waterford [email protected] Tel: +353 51 356 300 . Halo NI Alan Watts Cork Northern Ireland Science Park, The Innovation Centre Mark O‟ Sullivan Queen‟s Road, Queen‟s Cork BIC, National Software
Island, Belfast BT3 9DT Centre Campus, Mahon, Cork Tel: +44 28 9073 7814 Tel: +353 21 730 4603 [email protected] [email protected]
www.haloni.com Ireland
70 Ireland
Statistics
2007 2008 2009 2010
Number of BANs 4 5 6 6 Number of Angel Groups/Syndicates 0 0 0 4 Number of Business Angels 148 186 381 399
Number of deals 10 13 20 13 Number of accredited projects 104 60 110 96
Amount invested €1,015,000 €2,285,000 €4,202,000 €2,608,000 Number of commercial BANs 0 0 1 0 Number of non- commercial BANs 4 5 6 6 Number of national BANs 0 0 1 1
Country form provided by: HBAN,The Business Angel Partnership, & Halo NI
Contact details HALO Business Angel Network (HBAN) Diane Roberts 51-52 Fitzwilliam Square West, Dublin 2 Phone: +35 316650420 Fax: +35 316650480
E-mail: [email protected]
Web site: www.hban.org Ireland
71 Ireland
The Association of E.C. Contact details Business & Innovation Address: Centres in Ireland Dublin Business Innovation Centre The Tower, TCD Enterprise Centre Pearse Street Dublin 2 Ireland Contact person: Michael Culligan www.businessangels.ie E-mail: [email protected] Phone: (+353)-1-4100818 / 4100819 Quick facts . Year of establishment: 2005 . Financial support received from: Regional Development Agency . Partner organizations: Incubator/Science Park Regional Development Agency . Services offered by the organization: Company Presentation Events Online matching Syndication Training for entrepreneurs
Co-investment schemes
Ireland
72 Ireland
The Association of E.C. Business & Innovation Centres in Ireland Sectors of investment in 2010 according to the number of deals (left) and according to total amount invested (right)
ICT 15% 22% 10% Mobile, including software and service 10% 13% applications 8% Creative Industries 5% 4% Health Care/ MedTech
Environment and Cleantech 35% 21% 25% 32% Other
Location of the investees
In the region where the network is located
100%
Ireland
73 Italy
Background The Italian angel investing market, that moved its first steps in the late „90s, today is entering in a strengthening phase and spreading across all country, even if the northern part of Italy still maintains more then 80% of all angel investments. Thanks to daily IBAN Association‟s work, it is possible to confirm a significant reduction of equity gap between investors and entrepreneurs. During 11 years, the angel investing market has increased and 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. Legal status of the networks 9 BANs are set up as non-profit organizations and 1 is a commercial BANs. The regional BANs are, mostly, an emanation of BICs, Universities/Liaison Offices and public/private Institutions. In these last years, in addition, there has been the establishment of “thematic” BANs (Digital BAN and Med-Tech) and 2 Club of Angel Investors (IAG and Club Investitori di Torino/Piemontech). The founding sources come usually from fees (entrepreneurs and angels), regional funds and local sponsors (especially banks, chambers of commerce and entrepreneurial associations). Lobbying activities 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. 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 and 2010. 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). Italy
74 Italy
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 April 2011, includes 140 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: . established the yearly Business Angel Academy in Italy; . established specific Investment Readiness training modules for entrepreneurs incubated to national and regional Incubators and Technology Parks; . published the “Guide to setting up of a business with Business Angel” in partnership with KPMG Italy; . published the “Business Angels manual” containing a specific legal and fiscal Q&A section; . adopted standard legal templates to structuring an early stage deal. 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, UNICE working groups activity. IBAN has also adopted – since 2000 - a Code of conduct that clarifies the rights and duties of BANs and BAs.
IBAN funding sources 2009
Italy
75 Italy
Dissemination of the BAN concept In 2010, the economic daily newspapers Il Sole 24ore and Il Denaro , the weekly magazine Milano Finanza, the monthly magazine Il Mondo Economico, the web news site 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”; Roma, Bologna, Veneto, Sardegna and Campania BANs have promoted different Investment Forums . During 2010, IBAN‟s staff has taken part as organiser and/or key note speaker in more than 70 events, both in Italy and abroad. Dissemination of the BAN concept In 2010, the economic daily newspapers Il Sole 24ore and Il Denaro , the weekly magazine Milano Finanza, the monthly magazine Il Mondo Economico, the web news site 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”; Roma, Bologna, Veneto, Sardegna and Campania BANs have promoted different Investment Forums. During 2010, IBAN‟s staff has taken part as organiser and/or key note speaker in more than 70 events, both in Italy and abroad. EU Projects (2010) . Ready for Equity!2 . MACC-BAM (Measures to Accelerate the Angel investing Market in the Mediterranean)/sub- contractor of Province of Milan (partner) EBAN Members . IBAN . Italian Angels for Growth WBAA Members . IBAN is member of World Business Angels Association Country form provided by: IBAN Contact details IBAN Mr. Paolo Anselmo Via Borgonuovo, 5 20121 Milano, Italy Phone: +39 02 89.01.12.07 Fax: +39 02 89.01.12.99
E-mail: [email protected]
Web site: www.iban.it Italy
76 Italy
Statistics
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Number of operative BANs/Club 5 12 11 10 12 11 11 7 10 11 10
Number of Business Angels 183 300 350 350 219 292 260 310 350 365 Number of accredited/sub mitted projects 635 655 1.394 1.362
Number of deals closed 102 120 179 229
Total amount invested (€) 19.5 M 31.1 M 31.4 M 33.3 M
Average amount per deal (€) 185 k 213 k 176 k 145 k Number of commercial BANs 0 0 0 0 2 2 1 2 3 3 1 Number of non- commercial BANs 5 12 11 10 10 9 10 5 7 8 9 Number of national
BANs/Club 0 0 0 0 1 1 1 0 3 3 2
Italy
77 Italy
IBAN circuit BANs/Clubs 2010 are fully connected to IBAN. All the BANs are managed following the IBAN code of conduct.
Project submitted Number of Angels Deals Made Average amount per 2010 figures deal in Euros Lazio 32 30 5 125 k Umbria N/A N/A N/A N/A
Sardegna 10 10 0 0
Bologna 5 20 2 100 k
Brescia 18 20 3 120 k
Veneto 6 25 1 200 k
BAN Liguria (1) N/A N/A N/A N/A BAN Campania – Caserta 10 15 0 0
Digital BAN 24 20 1 100 k
Life Sciece BAN (2) N/A N/A N/A N/A IAG (Italian Angel For Growth)/Club (3) 16 64 7 203 k Club Investitori Torino/Piemontech 50 30 5 250 k
Med-tech Club (4) N/A N/A N/A N/A Total BANs/Club 171 234 24 156 k (5)
(1)BAN Liguria finished its activities in March 2010; (2)Life Science BAN finished its activities in March 2010; (3)IAG is a Club of Angel Investors that invests only through syndication; (4)Med-Tech Club (new thematic club) was born in December 2010;
(5)Average not weighted
Italy
78 Italy
Italian Angels for Growth Contact details Address: Via Vivaio, 24 20122 Milano Contact person: Mr. Marco Villa E-mail: [email protected] www.italianangels.net
Quick facts . Year of establishment: 2007 . Partner organizations: Incubator/Science Park Regional Development Agency University/Business School . Services offered by the organization: Company Presentation Events Online matching Due diligence support Syndication Training for investors Co-investment schemes
Newsletters or Information bulletin
Italy
79 Italy
Italian Angels for Growth
Sectors of investment in 2010 according to the number of deals (left) and according to total amount invested (right)
14%
7% 14% 6% ICT
Biotech and Life sciences 87% 72% Environment and Cleantech
Location of the investees
5% 29%
In the same country, but not in the same region Outside of the country but inside 57% Europe
Outside of Europe
Italy
80 Luxembourg
Luxembourg Business Contact details Angel Network - LBAN Address: 15-17 Avenue Gaston Diderich BP 823 L-2018 Luxembourg Contact person: Steve GLANGE/Chris VIGAR E-mail: [email protected] Phone: +352 40 40 34 455 www.lban.lu Fax: +352 29 10 30
Quick facts . Year of establishment: 2004 . Legal status: Association . Partner organizations: Chamber of Commerce Stock Exchange, Ministry of Economy . Services offered by the organization:
Company Presentation Events
Luxembourg
81 Luxembourg
Luxembourg Business Angel Network - LBAN Sectors of investment in 2010 according to the number of deals and according to total amount invested
Health Care/ MedTech 100%
Location of the investees
In the region where the network is located
100%
Luxembourg
82 The Netherlands Background In the Netherlands, informal capital activities emerged as early as in 1995 from a private initiative known as NeBIB. Later, in 1996 Meesters van de Toekomst joined Nebib Nowadays, 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 bolstered the “Business Angel” programme with an annual 1 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. 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 is a private company . Bid Network is an international network, aiming at entrepreneurs from developing countries . Nextstage is a commercial network . The Investeerdersclub is a Circle of Angels . The Women Leaders & Investors Club is a high level business resource . PPM Oost is an Investment Company and is part of a regional development agency 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 available at:
www.bannederland.nl/pages_uk/. BANN has 10 full members and 1 associate member. Netherlands The 83 The Netherlands
EU Support NeBIB and OOST NV participated in the EU co-funded (Leonardo) Ready for Equity! Project concerning investment readiness activities. 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 2010, Investor readiness and Investment readiness Training 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Number of BANs 3 4 4 5 5 6 6 8 10 12 Number of Business Angels 104 110 119 101 N/A 500 ++ 500+ 1904 2105 2375
Number of deals 19 14 N/A 65 74 75 86 109 Number of accredited projects 123 115 104 79 N/A 250 312 280 380 442 Number of commercial BANs 1 1 1 1 1 1 1 2 4 5 Number of non- commercial BANs 1 1 1 2 3 3 3 5 6 7 Number of national BANs 1 1 1 1 1 1 3 3 4 6 Number of regional BANs 0 1 1 2 3 3 1 3 6 6
National association 0 0 0 0 0 0 0 0 0 1
EBAN Members . NeBIB . Development Agency East Netherlands . BAN Nederland (F) . BID Network Foundation . Maxwell Group
Country form provided by: TechnoPartner
The Netherlands 84 The Netherlands
BiD Network Foundation Contact details Address: De Ruyterkade 107 1018 AV Amsterdam The Netherlands www.bidnetwork.org Contact person: Mr. Maarten de Jong E-mail: [email protected]; [email protected] Phone: (+31) 207555004 Fax: (+31) 848300022 Quick facts . Year of establishment: 2007 . Financial support received from (as of 2009): Incubator/Science park . Partner organizations (as of 2009): National Partner in Africa, Asia and Latin America that recruit promising entrepreneurs and assist them in getting ready for finance. . Services offered by the organization (as of 2009): Company Presentation Events Online matching Due diligence support Syndication Training for investors Training for entrepreneurs Newsletters or Information bulletin Co-investment schemes
Other Services: dealflow screening (i.e. quality filtering)
The Netherlands
85 The Netherlands
Maxwell Group Contact details Address: Science Park 400 1098 XH Amsterdam The Netherlands www.maxwellgroup.nl Contact person: Mr. Peter van Meersbergen E-mail: [email protected] Phone: (+31) 20 692 63 00 Fax: (+31) 20 692 69 59
Quick facts . Year of establishment: 2005 . Legal status: Commercial, Part of a larger organization . Partner organizations (as of 2009): University Science park University Science park . Services offered by the organization (as of 2009): Company Presentation Events Training for investors
Training for entrepreneurs
The Netherlands
86 The Netherlands
OOST NV – Development Contact details Agency of East Netherlands Address: Postbox 5215 6802 EE Arnhem The Netherlands Contact person: Mr. René Reijtenbagh E-mail: [email protected] Phone: (+31) 263 844 222 www.meestersvandetoekomst.nl Fax: (+31) 263 844 244
Quick facts . Year of establishment: 1996 . Legal status: part of a larger organization . Financial support received from (as of 2009): Regional Development Agency PPM OOST . Partner organizations (as of 2009): Regional Development Agency PPM OOST . Services offered by the organization (as of 2009): Company Presentation Events Training for investors Training for entrepreneurs
Newsletters or Information bulletin
The Netherlands
87 The Netherlands
PYMWYMIC Contact details Address: Amstel 256 1017 AL, Amsterdam The Netherlands E-mail: [email protected] Phone: (+31) (0)20 620 4088 Fax: (+31) (0)20 624 2550 www.pymwymic.com
Mind Hunter Corporate Contact details Finance & Capital Search Address: Th. W. van Emmerikstraat 20, 2461WG Langeraar The Netherlands E-mail: [email protected] Phone: +31 (0) 651 552 302 Fax: +31 (0) 847 450 856
www.mindhunter.com
The Netherlands
88 Norway Background There are several seed stage funds, and Norwegian informal investors invested 12 billion NOK (approx. €1,5 billion) in early stage/start-up companies in 2009 . In a report published late 2010 (by analytics company Menon Business Economics) they calculated all business angels in Norway and the businesses they have invested in. The report calculated a number of 2400 active business angels that has invested in and supplied business experiences and competence to 4500 businesses. Very few of the 2400 angels are however organised in any formal networks – and there are too few experienced investors. The study was commissioned by the Norwegian Ministry of Trade and Industry and also studied the need for public support programs for this investor segment. The report states that public programs must address the areas where the business angels are weakest – namely in the area of selection of investment objects. The problem in this area is caused largely by asymmetries in the information – and because the single business angel runs into time, cost and often competence constraints in evaluating the investment cases. In short, the report recommends any public programs to be focused on increasing the business angels competences within the selection process – mainly by creating links to, and networks with existing and competent early stage funds (e.g.: Seed Stage funds or similar). In addition to the challenges facing the business angels - it is quite widely accepted that there is a general lack of ability to commercialize, and lack of competence within internationalization and building sustainable business out of early-stage companies. (Except for the the Oil & Gas industry). The idea of Business Angels to organize and become members of one of the two existing BANs (NORBAN and CV BAN) is still quite virgin. As of today there are only 58 registered members in the existing BANS – which on the other hand is quite natural after only a short time of operation. However - the establishment of these two BANs, ongoing initiatives to establish other BANs, and an increasing public awareness are signs of an emerging and higher business angel network activity in Norway. Legal status of the networks . CV BAN is organized as a member network under it‟s parent organization CONNECT Western Norway. . NORBAN is a fully established association. National association Since the business angel network activity in Norway is still in a very early stage, with both operative networks being formally established within the last 12 months – no national federation has yet been established. However - the Norwegian Business Angels Network (NORBAN– www.norban.no) was formally created in April 2010, with the mission of helping BA‟s as well as representing the interests of future regional networks that will be established in Norway.
Norway
89 Norway Background There are several seed stage funds, and Norwegian informal investors invested 12 billion NOK (approx. €1,5 billion) in early stage/start-up companies in 2009 . In a report published late 2010 (by analytics company Menon Business Economics) they calculated all business angels in Norway and the businesses they have invested in. The report calculated a number of 2400 active business angels that has invested in and supplied business experiences and competence to 4500 businesses. Very few of the 2400 angels are however organised in any formal networks – and there are too few experienced investors. The study was commissioned by the Norwegian Ministry of Trade and Industry and also studied the need for public support programs for this investor segment. The report states that public programs must address the areas where the business angels are weakest – namely in the area of selection of investment objects. The problem in this area is caused largely by asymmetries in the information – and because the single business angel runs into time, cost and often competence constraints in evaluating the investment cases. In short, the report recommends any public programs to be focused on increasing the business angels competences within the selection process – mainly by creating links to, and networks with existing and competent early stage funds (e.g.: Seed Stage funds or similar). In addition to the challenges facing the business angels - it is quite widely accepted that there is a general lack of ability to commercialize, and lack of competence within internationalization and building sustainable business out of early-stage companies. (Except for the the Oil & Gas industry). The idea of Business Angels to organize and become members of one of the two existing BANs (NORBAN and CV BAN) is still quite virgin. As of today there are only 58 registered members in the existing BANS – which on the other hand is quite natural after only a short time of operation. However - the establishment of these two BANs, ongoing initiatives to establish other BANs, and an increasing public awareness are signs of an emerging and higher business angel network activity in Norway. Legal status of the networks . CV BAN is organized as a member network under it‟s parent organization CONNECT Western Norway. . NORBAN is a fully established association. National association Since the business angel network activity in Norway is still in a very early stage, with both operative networks being formally established within the last 12 months – no national federation has yet been established. However - the Norwegian Business Angels Network (NORBAN– www.norban.no) was formally created in April 2010, with the mission of helping BA‟s as well as representing the interests of future regional networks that will be established in Norway.
National/regional support NORBAN receives no national / regional support. .
CV BAN currently receives both private and public regional support Norway
90 Norway Dissemination of the BAN concept There is an existing collaboration between NORBAN and CV BAN with mutual aim of higher dissemination of BANs NORBAN is currently setting up meetings that promote the BAs community in Norway, participating in conferences around the country, partnering with the Movation open innovation “stock Exhange” where new ideas meet the BA‟s, and cohosting quarterly investment meetings/dinners. In addition we‟re currently helping start up a Trondheim based region network. CV BAN is promoting the BAN concept, regionally through meetings, participation in events and conferences . Nationally CV BAN is promoting the BAN concept through the CONNECT Network in Norway, which consist of 5 regional networks with a total of around 500 businesses as members and a number of regional events. EBAN members . NORBAN - Norwegian Business Angels Network The Norwegian Business Angels Network (NORBAN– www.norban.no) was formally created in April 2010, with the mission of helping BA‟s as well as representing the interests of future regional networks that will be established in Norway. The innovation stock Exchange is an important member benefit for our members, as well as our bimonthly meetings. In 2011 we will also do a national conference in March. . CV BAN - CONNECT Vest Business Angel Network CV Ban was established in September 2009 with the aim of serving Business Angels seeking interesting investment opportunities as well as co-investors. CV BANs mission is to add value to early stage investments for all the involved parties. By providing qualified investment opportunities, early stage investment training activities and advocating co-investments we aim to increase awareness and expand the number of wealthy individuals that involves in business angel activity. Thus we hope to increase the supply of risk- capital for early stage companies as well as increasing the competence of investors which hopefully will lead to more successful commercialisations and generally higher growth. CV is currently managed by CONNECT Western-Norway. CONNECT Western Norway is a non- profit member organisation that links entrepreneurs and start-ups with the financial, technical and business development resources they need to create high-growth companies. By offering advise through the CONNECT Springboard® Programme and organizing investor- and partner forums, CONNECT supports the entrepreneurs and enables them to quicker growth and commercially success. CONNECT in Norway consists of five regional networks. The network's members are companies that represent competences from all branches both public and private sector. Their aim is to help entrepreneurs speed up their commercialisation process and prepare them to meet investors and
industrial partners.
Norway
91 Norway
Lobbying The existing governmental help system for entrepreneurs still have to recognize the importance of Business Angels, but meetings with NRC (Norwegian Research Council), Innovation Norway and SIVA (two other national bodies promoting innovation and entreprenoryship) has helped in this aspect and pointing at the great work eBAN is doing certainly also helps in this aspect. One of the important subjects we‟re currently addressing in Norway is whether early phase investments should have a tax advantage. NorBAN as well as CV BAN has started to lobby the Norwegian Government and press to offer tax benefits for Business Angels investments. In order to increase the number of active Business Angels, both NorBAN and CV BAN is scheduling bimonthly/quarterly meetings inviting both Business Angels and press to raise the level of communication about the importance BA‟s has. NORBAN is also discussing different way Business Angels can co-Invest, and have great experience with the Open Innovation Stock Exchange where our members can easily find interesting prescreened and scored investment cases and others BA‟s to co invest with. Country form provided by: Statistics: 2009 2010 YTD CV BAN and NorBAN in Number of BANs 0 0 collaboration Number of Business Angels 1 2 Number of deals 30 58 Number of accredited projects 0 5 Number of commercial BANs 5 35 Number of non-commercial BANs 0 3 Number of national BANs 0 0 Number of regional BANs 1 2 National association 0 1
Contact details Contact details Address: Address: Thormøhlens gate 51, Nedre Vollgate 8, N-5006 Bergen, Norway N- 0158 Oslo, Norway Contact person: Contact person: Attn. Erlend Bang Abelsen, Ban Manager Attn. Truls Berg, Board member E-mail: E-mail: [email protected] [email protected] Phone: +47 90 02 68 06
Switchboard: +47 9950 2000
Direct: +47 98 23 64 05 Norway
92 Norway
CV BAN - CONNECT Vest Address: Business Angel Network Thormøhlens gate 51, N-5006 Bergen, Norway Contact person: Attn. Erlend Bang Abelsen, Ban Manager E-mail: [email protected] www.connectvest.no Switchboard: +47 9950 2000 Direct: +47 98 23 64 05 Quick facts . Year of establishment: 2009 . Legal status: CV BAN is organized as a separate member network under it‟s parent organization CONNECT Western Norway. . Financial support received from: Regional Development Agency Regional Bank and Parent organisation CONNECT Western-Norway . Partner organizations: Incubator/Science Park Regional Development Agency . Services offered by the organization: Company Presentation Events Online matching Training for entrepreneurs Newsletters or Information bulletin CONNECT Western-Norway is a non-profit member organisation that links entrepreneurs and start-ups with the financial, technical and business development resources they need to create high-growth companies. By offering advise through the CONNECT Springboard® Programme and organizing investor- and partner forums, CONNECT
enables the entrepreneurs to quicker growth and commercially success. Norway
93 Norway
CV BAN - CONNECT Vest Business Angel Network Sectors of investment in 2010 according to the number of deals (left) and according to total amount invested (right)
25% 25% 46% 20%
ICT 34% Retail and Distribution 50% Other
Location of the investees
In the region where the network is located
100%
Norway
94 Poland
Background In Poland, there are currently 9 business angels networks: . Lewiatan Business Angels (LBA), founded in January 2005 . Business Angels Network Poland (PolBAN), founded in 2003 . Silesian Business Angels Network (SilBAN), established in September 2006 . Lublin Business Angels Network, founded in 2007 . Regional Network for Equity Investors RESIK, established in March 2008 . Private Investor‟s Network SATUS, founded in 2006 . Guild of Business Angels, established in 2010 26.05 . Business Angels Network Amber, founded in 2009 1.01 . Secus Asset Management, founded in 2010 (Secus Łowcy Biznesu) At the national level there are 2 Business Angel networks in Poland: Lewiatan Business Angels (LBA), PolBAN. The LBA, as the only member of EBAN that operates nationally, 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 2009 finalized 11 investments in different sectors/branches. Legal status of the networks . LBA is a project managed under Polish Confederation of Private Employers Lewiatan. . Business Angels Network Amber has no legal status of a network, it is developed under Polish Entrepreneurs Foundation. . Guild of Business Angels is a project in the frame of Lodz Regional Development Agency. . Lublin Business Angels Network is a project running by the Regional Development Agency. . Silesian Business Angels Network is an association. . Secus Łowcy Biznesu is a public limited company. National association Poland does not have national business angel association. National/regional Support Lewiatan Business Angels has financial support from European Union. LBA is beneficiary of the Innovative Economy Operation Programme 2007-2013. We also work closely with university incubators, technology parks, regional development
agency, seed funds, VC funds and educational institutions. Poland
95 Poland
EU support Lewiatan Business Angels is a beneficiary of the Innovative Economy Operational Programme 2007-2013. 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 LBA cooperates with universities, university university incubators, technology parks, regional development agency, seed funds, VC funds and 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: Warsaw Business Journal, Dziennik Gazeta Prawna, Rzeczpospolita, Puls Biznesu, Parkiet, Przekrój, The Warsaw Voice, Gazeta Bankowa, Dziennik Polski, Polska Dziennik Regionalny, Gazeta Prawna, Businessman, Twój Biznes, Forbes, Manager Magazine, American Investor, Nasz Rynek Kapitałowy. The following radio stations promoted LBA: Radio PIN, Polskie Radio Program, Radio dla Ciebie . LBA appears also on the TVP Info, TVN24, TVN CNBC Biznes. EBAN Members . Lewiatan Business Angels . Gildia Aniołów Biznesu . SECUS . Amber Business Angel Network
Country form provided by: Lewiatan BA
Poland
96 Poland
Statistics
2002 2003 2004 2005 2006 2007 2008 2009 2010*
Number of BANs 0 1 1 2 3 4 5 5 9 Number of Business Angels N/A N/A N/A N/A N/A N/A N/A 76 89
Number of deals N/A N/A N/A 3 3 4 4 4 4 Number of accredited projects N/A N/A N/A N/A N/A N/A N/A 58 90+ Number of commercial BANs 0 1 1 1 1 2 2 2 0 Number of non- commercial BANs 0 0 0 1 2 2 3 3 6
Number of national BANs 0 1 1 2 2 2 2 2 5
Number of regional BANs 0 0 0 0 1 2 3 3 1
National association 0 0 0 0 0 0 0 0 0
*Data for the year 2009 received from 6 BANs out of 9 in Poland.
Poland
97 Poland
Amber Business Angels Address: Network – Polish Monte Cassino 32 Entrepreneurs Foundation 70-466 Szczecin Contact person: Tomasz Łasecki E-mail: [email protected] Phone: (+48)913129218 Direct: (+48)913129201 www.pfp.com.pl www.amberinvest.org Quick facts . Year of establishment: 2009 . Legal status: The network is operating under Polish Entrepreneurs Foundation . Financial support received from: Polish Agency for Enterprise Development . Partner organizations: Chamber of Commerce Incubator/Science Park University/Business School . Services offered by the organization: Company Presentation Events Due diligence support Training for entrepreneurs Syndication Training for investors Training for entrepreneurs
Newsletters or Information bulletin Poland
98 Poland Amber Business Angels Network – Polish Entrepreneurs Foundation Sectors of investment in 2010 according to the number of deals and according to total amount invested
ICT 100%
Location of the investees
In the same country, but not in the same region
100%
Poland
99 Poland
Wschodnia Sieć Aniołów Address: Biznesu ul. Rynek 7, 20-111 Lublin formerly "Lubelska Sieć Contact person: Aniołów Biznesu" Mariusz Kaczmarek E-mail: [email protected] Phone: (+48)42 664 37 95 Fax: (+48)42 664 37 50
www.wsab.org.pl
Quick facts . Year of establishment: 2007 as "Lubelska Sieć Aniołów Biznesu" . Legal status: acting as a project financed by EU structural funds (ERDF) . Financial support received from: Financed by EU Structural Funds (ERDF) . Partner organizations: Business support association . Services offered by the organization: Company Presentation Events Online matching Training for investors Training for entrepreneurs
Coaching, analyses and expertise, innovation's opinions
Poland
100 Poland
Address: Lewiatan Business Angels Ul. Klonowa 6 00-591 Warszawa Poland Contact person: Mr. Jacek Blonski E-mail: : [email protected] Phone: (+48) 22 84 5 95 96 www.lba.pl Fax: (+48) 22 84 5 95 51
Quick facts . Year of establishment: 2005 . Legal status: Part of a larger organization . Financial support received from: Regional Development Agency Programme Innovative Economy 2007-2013 (supported by EU Funds) . Partner organizations (as of 2009): Incubator/Science Park University/Business School Seed Funds, VC Funds . Services offered by the organization (as of 2009): Company Presentation Events Due diligence support Syndication Training for entrepreneurs Training for investors Co-investment schemes
Conferences Investment Meetings Workshops Poland
101 Poland
Secus Wsparcie Bizneu Sp. Address: Z o. o. ul. Paderewskiego 32c 40-282 Katowice, Poland Contact person: Mr. Robert Bieleń, Vice President E-mail: : [email protected] Phone: (+48) 32/ 352 45 26 www.lowcybiznesu.pl Fax: (+48) 32/ 352 45 36
Quick facts . Year of establishment: 2010 . Financial support received from: EU funds – Operational Programme Innovative Economy . Partner organizations: Warsaw Stock Exchange The Polish Association of Listed Companies Secus Asset Management Pomeranian Science and Technology Park Euro-Centrum Science and Technology Park Instytut Allerhanda inwestycje.pl Dziennik Gazeta Prawna MBA Manager Business Center Club Loża Katowicka Martis consulting Prof. Marek Wierzbowski and Partners - Advocates and Legal Counsellors . Services offered by the organization (as of 2009): Company Presentation Events Online matching Due diligence support Training for investors Training for entrepreneurs Newsletters or Information bulletin
Conferences Seminars Issue of magazines
TV programs Poland
102 Portugal
Background During the last decade the activity of Business Angels has incresead very fast. On 2005 there was in Portugal only one organized BA club , Gesventure. In 2006 a significant number of investors launch the Associação Portuguesa de Business Angels (APBA) with the objective of enlarging and deepening the BA activity in Portugal. In 2007 the Federação Nacional de Business Angels (FNABA) was created and agregated many new born networks.
Business Angels are recognized as Venture Capital Investors (Investidor em Capital de Risco) under the Portuguese law (DL 375/2007). With this law, individuals can 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. In order to change this scenario and to increase the number of active Business Angels, FNABA significantly contributed to the design of a Co-Investment scheme which was well received by the Portuguese development agency IAPMEI and by QREN (COMPETE), the national entity responsible for the application of EU funds. Created at the beginning of 2006, APBA – Associação Portuguesa de Business Angels was a pioneer to establish protocols of co-investment with public and private entities for innovation projects such as Inovcapital and EDP Inovação. Business Angels‟ Co-Investment Fund – which also has the support of Portugal‟s public bank (Caixa Geral de Depósitos) - is now active until 30th June 2013 and funding investments from the selected 55 investment vehicles created by 230 Business Angels. After several years of lobbying of APBA and FNABA, the Portuguese Government has considered for the first time in its budget for 2010 to include a package of tax benefits for Business Angels investments. These benefits allow Business Angels to rebate to their taxable income up to 20% of their investments as Business Angels, up
to the limit of 15% of their taxable income.
In 2009 one new regional network was created during the year – Associação de Business Angels de Santarém, located in Santarém (Central Portugal), that is member
of FNABA. Portugal
103 Portugal
Legal status of the networks All existing networks are legally established associations. National association 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. 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, Business Angels de Santarém, Clube de Cascais, Business Angels Club, Alentejo Business Angels and Algarve Business Angels. Lobbying activities . FNABA plays an active role in the World Business Angels Association and was represented by three of its members in the first edition of WBAA‟s First Global Conference (Beijing, 4-5 December 2010). . 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. This Protocol of Institutional Collaboration was signed again in 2010 with the intention of continuing this partnership in 2011. . APBA has also signed a Protocol agreement with Caixa Capital the Public Venture Capital Fund of Caixa Geral de Depósitos, the big Portuguese public
Bank.
EU support Business Angels Co-Investment Scheme is being partially funded by EU structural
funds. Portugal 104 Portugal Dissemination of the BAN concept FNABA was responsible for the organization of the national road show that presented the launch of the Co-Investment Fund. During October 2009, presentations were prepared with the support of regional BAN in 10 different locations: Lisbon, Porto, Guimarães, Marinha Grande, Coimbra, Évora, Covilhã, Santarém, Faro and Cascais. The Secretary of State António Castro Guerra, COMPETE National Coordinator Nelson Souza, the President of IAPMEI, Luis Filipe Costa and the President of Caixa Geral de Depósitos Fernando Faria de Oliveira took part in the roadshow among many FNABA‟s network members and other sector experts and institutions. 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 served as co-host of Global Entrepreneurship Week 2010 in Portugal. For one week, 115 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. The Opening Session of SGE2010 in Lisbon was opened by the GEW CEO Jonathan Ortmans. The GEW Closing Session has been held in Madeira, in partnership with the C.E.I.M – Center for Enterprises an Inovation of Madeira. 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: Setúbal
and Madeira. Six of the Portuguese networks manage both their own website and Angelsoft
platform and share projects among themselves. Portugal
105 Portugal
Statistics 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Number of Federations 1 2 2 2 2
Number of BANs 1 1 1 1 1 1 6 10 10 11 12
Number of Business Angels 10 14 16 18 21 24 200 430 437 544 600
Number of deals 1 1 1 1 3 11 12 14 14 Number of accredited projects 6 4 5 5 6 4 60 91 303 137 71 Total amount invested by the 0,646 0,646 angels (M EUR) 1 1.3 (*) (*) Number of commercial BANs 1 1 1 1 1 1 1 0 0 0 0 Number of non- commercial BANs ------1 9 10 11 11 Number of national BANs 1 1 1 1 1 1 2 3 3 3 3 Number of regional BANs ------4 7 7 8 9 National association ------2 2 2 2 2
(*) Factual information of the investments made by APBA members is not available
Portugal
106 Portugal EBAN Members . Gesventure (Business Angels Club – Associação Portuguesa de Investidores em Startups (network) . APBA – Associação Portuguesa de Business Angels (federation) . FNABA – Federação Nacional de Associações de Business Angels (federation)
Country form provided by: APBA in collaboration with FNABA Contact details Contact details APBA – Associação Portuguesa de FNABA – Federação Nacional de Associações de Business Angels Business Angels Address: Address: Rua Duque de Palmela, 2 – 4º Esq. Rua 7 de Junho de 1759, N° 1 1250-098 Lisboa 2760-110 Caxias Portugal Portugal Contact person: Contact person: Mr. Joao Larroude Trigo Da Roza Mr. Francisco Banha E-mail: [email protected] E-mail: [email protected] Phone: +351 969 160 325 Phone: +351 214 416 460 Fax: +351 213 147 948 Fax: +351 21 441 73 87
Web site: www.apba.pt Web site: www.fnaba.org
Portugal
107 Portugal
Business Angels Club - Address: Gesventure Rua 7 de Junho de 1759, N° 1 2760-110 Caxias Portugal Contact person: Francisco Banha E-mail: [email protected] Phone: +351 21 441 64 60 www.gesbanha.com Fax: +351 21 441 73 87 Quick facts . Year of establishment: 1999 . Legal status: Association . Financial support received from: Public/Private sponsors . Partner organizations: FNABA, Microsoft Bizspark, Chausson Finance, ISEG University, VC China, APCRI, Abreu Advogados . Services offered by the organization: Company Presentation Events Online matching Due diligence support Syndication Training for entrepreneurs Newsletters or Information bulletin
Co-investment schemes
Portugal
108 Portugal
Business Angels Club - Gesventure Sectors of investment in 2010 according to the number of deals (left) and according to total amount invested (right)
50% 38%
62% ICT Other 50%
Location of the investees
50%
In the region where the network is located 50% In the same country, but not in the
same region
Portugal
109 Russia
Background The National BAN “Private Capital” is the first Russian BAN. It was created in 2003. 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. National association RUSSBA is the national association of BANs and business angels which involves 5 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. Lobbying activities . 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. EBAN members . The National Union of Business Angels of Russia (RUSSBA) . NBAA More detailed information is available on the website of RUSSBA
Funding sources (RUSSBA 2010)
Russia
110 Russia 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 Company . 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. Contact details RUSSBA - The National Union of business angels of Russian Federation Address: 131 Leninskiy prospect, St. 129090 Moscow Russia Contact person: Alexander Kashirin, Igor Panteleev E-mail: [email protected]
Phone: +7 499 749 64 08 Fax: +7 499 749 64 08
Web site: www.russba.ru Russia
111 Slovak Republic
Neulogy Address: Pribinova 25 811 09 Bratislava Slovak Republic Contact person: Jaroslav Luptak E-mail: [email protected] www.neulogy.com Phone: (+421) 2 5441 41 00
Fax: (+421) 2 5441 41 00
Slovak Slovak Republic
112 Spain
Background 2001: The business angels concept emerged in Spain in 2001. Since then, the number of networks has been growing day by day. 2004: Fundación 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. Fundación ESBAN became member of EBAN, and Albert Colomer a member of the EBAN Board of Directors. 2006: Fundación ESBAN received the support of Spanish Government through the DGPYME (General Secretariat of SMEs) which is member of ESBAN foundation Board. 2008: Fundación ESBAN became board member of the new WBAA. 2009: Fundación 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. 2010: Fundación ESBAN keep on working on the dissemination of the BA concept. Fundación ESBAN is advising on the creation of the Balearic BA network (BANIB), in Balearic Islands, and Fundación ESBAN is also advising on the creation of the Canary BAN (RECABA), in Canary Islands. Fundación ESBAN did several workshops around the country spreading the
associated BAN‟s and the opportunities of investing in innovative projects of this
BAN‟s Spain
113 Spain
Legal status of the networks ESBAN identified 44 networks in Spain in 2009. The graph below illustrates the legal status of the networks. . 45% 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). . 55% of the networks in Spain are initiatives with legal status. These networks are associations, foundations and enterprises.
31% 45% 24% No Juridical Enthity Public Initiative Private Initiative
National association Spain has two national federation of networks: ESBAN and AEBAN. It also has a regional federation of networks for Catalonia called Acc1Ó. National/RegionalSupport Fundación ESBAN (Red Española de Business Angels) receives formal support from the Spanish Government through the DGPYME (General Secretariat of SMEs). EBAN Members . AEBAN - Asociación Española de Business Angels Networks . ESBAN - Red Española de Business Angels . ACC1Ó . 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. . MRE . GOBAN . Fundacion Zaragoza Conocimiento
Spain
114 Spain
Lobbying activities 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. 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”. In 2010 Fundación ESBAN lobbying exercise has achieved its first objective. Catalonia and the Region of Madrid have both approved a new fiscal reform related to the investment in a new project. The reform consists in a deduction of 20%, until 4000€ in the Spanish Income Tax (IRPF). It‟s a very significant measure that will probably increase the growth of the investment in innovative projects. Fundación ESBAN worked with the Spanish Government, through the DGPYME (General Secretariat of SMEs), in a national program to support BA networks (Programa de Apoyo a las Redes de Business Angels). The goal of this program is to develop a strong BA sector in the country
to create innovative business projects.
Spain
115 Spain
Dissemination of the BAN concept Since business angels sector started in Spain most media have published pieces on business angels and BAN‟s. Fundación 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. In 2009, Fundación ESBAN 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 BAN‟s involved. In 2009 Fundación ESBAN will publish a directory of business angels operating in Spain. In 2010 the Spanish media published the participation of Fundación ESBAN in the European BA congress in Istanbul and the WBAA and the ACA annual meeting in San Francisco. The new tax incentive supported by Fundación ESBAN appeared in the Spanish media too. Fundación ESBAN participated in several roundtable in different universities around the country explaining the BA concept and spreading the associated BAN‟s. Finally Fundación ESBAN helped to the entrepreneurs from around the country to start a new business. Fundación ESBAN address the entrepreneurs to the most appropriate BAN for them,
basing on criteria of territoriality, proximity and investment needs.
Spain
116 Spain
Statistics 2009
Number of BANs 46
Number of Business Angels 1623 Number of deals 48 Number of accredited projects 678 Number of commercial BANs 18 Number of non-commercial BANs 24
Number of national BANs 10
Number of regional BANs 32 Number of national associations 2 (+1 for Catalonia)
Contact details Contact details AEBAN – Asociación Española ESBAN – Red Española de Bussines Angels Networks de Business Angels Address: Address: Plaza Pablo Ruiz Picasso, nº 1, Torre Picasso Paseo Castellana 93 7º 28020 Madrid 28046 Madrid Contact person: Contact person: Ana Coll Albert Colomer E-mail: [email protected] E-mail: [email protected] Phone: +34 93 253 42 00 Phone: +34.902.930.518/902.93.01.83 Web site: www.aeban.org Web site: www.esban.com
Contact details ACC1Ó Address: Passeig de Gracia 129 08008 Barcelona Contact person: Sergi Mora E-mail: [email protected] Phone: +34 93 4767252 Fax: +34 93 5674900
Web-site: www.acc10.cat Spain
117 Catalonia
Background Catalonia has implemented programmes relating to business angels since 1996. ACC1Ó, 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 (BCNBA), IESE Red de Inversores Privados, EIX Technova, ESADE BAN, Keiretsu Forum Barcelona, SeedRocket Angels. ACC1Ó also carries out other initiatives related to business angels such as guides to informal investment, monthly meetings, business angel academies (3 in 2010) and investment forums (XVI Investment Forum with 100+ investors attending and 50+ companies presented). 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. EBAN members from Catalonia . ACC1Ó . BANC . IESE . ESADE
Catalonia 118 Catalonia
Statistics Three BA Schools, co-organized by ACC1Ó in collaboration with ESADE, IESE and SeedRocket have taken place in 2010 with about 150 attendants. In 2011 ACC1Ó is launching “Investor Readiness” program to train successful entrepreneurs who want to become business angels. In October 2010, ACC1Ó National BAN organized the XVIth Investment Forum. More than 450 entrepreneurs, investors and managers attended this event. All tickets were sold out one week before the event. International Venture Capital companies like Kreos Capital, T-Ventures, Balderton Capital, Wellington Partners, Red Alpine, Amadeus Capital, attended our forum. 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Number of 11 BANs 1 1 2 4 12 8 9 7 7 7 Number of accredited projects 88 171 190 247 216 462 260 183 312 640 496
Number of deals 3 8 10 24 32 17 11 15 17 22 25
Invested (M€) n.a. n.a n.a. n.a. n.a. 5.4 1.8 3.9 5.3 4.8 4.4
Country form privided by:
Catalonia 119 Spain
ESADE BAN Address: Av. Pedralbes 60-62 8034 Barcelona Spain Contact person: www.esadealumni.net Fernando Zallo E-mail: [email protected] Phone: +34 93 5530217 Fax: +34 93 49 52068 Quick facts . Year of establishment: 2005 . Legal status: Association . Financial support received from: Regional Development Agency University/Business School . Partner organizations: Regional Development Agency University/Business School . Services offered by the organization: Company Presentation Events Online matching Due diligence support Syndication Training for investors Training for entrepreneurs Newsletters or Information bulletin
Co-investment schemes
Spain
120 Spain
ESADE BAN
Sectors of investment in 2010 according to the number of deals (left) and according to total amount invested (right)
40% 45%
10% 15%
ICT Creative Industries 50% 40% Retail and Distribution
Location of the investees
20%
80% In the region where the network is located In the same country, but not in the
same region
Spain
121 Spain
BAN Madri+d Address: Velazques 76 28001 Madrid Spain Contact person: www.madrimasd.org Pedro Trucharte E-mail: [email protected] Phone: +34 91 7816570 Fax: +34 91 5766052 Quick facts . Year of establishment: 2004 . Legal status: Part of a larger organization (Foundation) . Financial support received from: Regional Development Agency National Development Agency . Partner organizations: Regional Development Agency University/Business School Finantial Institutions . Services offered by the organization: Company Presentation Events Training for investors Training for entrepreneurs
Executive Summaries circulated by e-mail
Spain
122 Spain
BAN Madri+d
Sectors of investment in 2010 according to the number of deals (left) and according to total amount invested (right)
30% 20%
15% 20%
ICT 60% Biotech and Life sciences 55% Environment and Cleantech
Location of the investees
In the region where the network is located
100%
Spain
123 Spain
BANC - Business Angels Address: Network de Catalunya Sant Pau 6 08221 Terrassa, Barcelona Spain Contact person: Alex D‟Espona, Albert Colomer www.bancat.com E-mail: [email protected]; [email protected] Phone: +34 93 736 11 00 Fax: +34 93 736 60 14 Quick facts . Year of establishment: 2002 . Legal status: Association . Financial support received from: Regional Development Agency FEDER funds . Partner organizations: Regional Development Agency CECOT, Foundation CP'AC . Services offered by the organization: Company Presentation Events Online matching Due diligence support Syndication Training for investors Training for entrepreneurs Newsletters or Information bulletin
Legal and business support of the overall dealing process
Spain
124 Spain
BANC - Business Angels Network de Catalunya
Sectors of investment in 2010 according to the number of deals (left) and according to total amount invested (right)
33% 22% 22%
33% Health Care/ MedTech
Logistics and transport 34% 56%
Manufacturing
Location of the investees
In the region where the network is located
100%
Spain
125 Spain
Goban, Business Angel Address: Network Of Castilla-la Parque Empresarial Campollano Mancha Avda. 4ª, nº 3 02007 Albacete Spain Contact person: Angel Prieto www.gobanclm.com E-mail: [email protected] Phone: +34 967616000
Quick facts . Year of establishment: 2007 . Legal status: GOBAN is integrated by non public foundations (BICs of Castilla-La Mancha Region). GOBAN has no legal status, CEEI Albacete is the coordinator of GOBAN. . Financial support received from: Regional Goverment and European Regional Development Funds . Partner organizations: Members of GOBAN are the European Business Innovation Centers of Castilla-La Mancha Region (BICs) . Services offered by the organization: Company Presentation Events
Training for entrepreneurs
Spain
126 Spain
Goban, Business Angel Network Of Castilla-la Mancha Sectors of investment in 2010 according to the number of deals (left) and according to total amount invested (right)
38% 25%
50% 4%
ICT 25% Biotech and Life sciences 58% Energy
Location of the investees
In the region where the network is located
100%
Spain
127 Spain
IESE Business Angels Address: Network Avenida Pearson 21 08034 Barcelona Spain Contact person: Marta Aparicio E-mail: [email protected] www.iese.edu Phone: +34 91 211 3183 Fax: +34 91 357 2913
Quick facts . Legal status: unit of the center for entrepreneurship of IESE . Financial support received from (as of 2009): Regional Development Agency Business School Sponsors . Partner organizations (as of 2009): Regional Development Agency Business School Sponsors . Services offered by the organization (as of 2009): Company Presentation Events Training for investors Training for entrepreneurs Co-investment schemes
One-to-one meeting with investors
Spain
128 Spain
InnoBAN, Red de Inversores Address: Ángel para la Innovación Doctor Cadaval 2, 4C (Edificio Simeón) 36202 Vigo Spain Contact person: Luis Fernández www.innoban.com E-mail: [email protected] Phone: +34 986 118 079 Fax: +34 986 118 079 Quick facts . Year of establishment: 2008 . Legal status: Commercial . Financial support received from (as of 2009): Other . Partner organizations (as of 2009): Private . Services offered by the organization (as of 2009): Online matching Training for investors Training for entrepreneurs
Newsletters or Information bulletin
Spain
129 Spain
Fundacion Zaragoza Address: Conocimiento San Jorge 12 2 planta 50001 Zaragoza Contact person: Ricardo Pedrol Vilas E-mail: [email protected] Phone: +34 618 732 040 www.fundacionzcc.org Fax: +34 976 201500
Quick facts . Financial support received from (as of 2009): Chamber of Commerce Incubator/Science Park Regional Development Agency University/Business School Other . Partner organizations (as of 2009): Chamber of Commerce Incubator/Science Park Regional Development Agency University/Business School
Other
Spain
130 Spain
UNIBAN, University Address: Business Angels Network Rua Lope Gómez de Marzoa S/N (Galicia) Edifico Feuga-Despacho 1 15705 Santiago de Compostella Spain Contact person: Nuria Fernández Flores www.fundacionzcc.org E-mail: [email protected] Phone: +34 981 563 100/16844 Fax: +34 981 54 70 77 Quick facts . Year of establishment: 2005 . Legal status: University entrepreneur program . Financial support received from (as of 2009): University/Business School . Partner organizations (as of 2009): Incubator/Science Park . Services are offered by the organisation (as of 2009): Online matching Co-investment schemes Other Services
Spain
131 Spain
MRE, S.L. Address: Paseo Toki Eder, 117 20013 San Sebastián Spain Contact person: Iñigo Irizar Arcelus E-mail: [email protected]
Quick facts . Year of establishment: 2010 . Legal status: Commercial . Financial support received from (as of 2009): Regional Development Agency Other . Partner organizations (as of 2009): Chamber of Commerce Incubator/Science Park Regional Development Agency University/Business School Other . Services are offered by the organisation (as of 2009): Company Presentation Events Due diligence support Syndication Training for investors Training for entrepreneurs Co-investment schemes Strategy and Business Model Generation support. Mentoring network
Spain
132 Spain
BANG - Business Angels Address: Galicia Praza Das Damas 1 32005 Ourense Spain Contact person: Maria Fernandez E-mail: [email protected] Phone: +34 988391110
www.bang.es Fax: +34 988391957
Spain
133 Sweden
Background Swedish research indicates that there are 3000-5000 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 (“Tillväxtverket”). During 2009, 8 BANs reported investment activity and the total investment amount channelled decreased substantially as well as the number of deals compared to 2008. 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. Legal status of the networks The majority of BANs are organized as networks within non-profit entrepreneurial networks, consulting firms or state-supported organisations. 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. 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. EBAN Members . SVCA
. ALMIBAN (ALMI Stockholm BAN)
. Almi Invest (Early stage fund) Sweden
134 Sweden
Statistics
2000 2001 2002 2003* 2004* 2005 2006 2007 2008 2009
Number of BANs 2 2 2 24 ~30 ~26 ~26 ~23 ~24 ~20 Number of BAs members of BANS 85 140 250 400 1.000** 800 950 1042 1772*** 1359*** Number of deals through BANs N/A N/A N/A N/A >50 ~100 72 99 54 55 Number of accredited projects N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Total amount invested (MEUR) 9.3 12 15 9.1 0,9 Number of commercial BANs 0 1 1 2 3 3 5 8 9 6 Number of non- commercial BANs 1 1 1 21 27 23 20 12 7 3 Number of national BANs 0 1 1 0 0 4 2 1 3 5 Number of regional BANs 0 5 6 23 ~30 22 23 19 9 4
National association 1 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 1100 shareholders hence the high number of
members in the BANs in 2008 compared to previous years.
Sweden
135 Sweden
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. 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 other things 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. Country form provided by: SVCA
Contact details Contact details SVCA – Swedish Venture Capital Tillväxtverket Association Address: Address: Götgatan 74 Grev Turegatan 18 118 26 Stockholm 114 46 Stockholm Contact person: Contact person: Karin Östberg Marie Reinius, Managing Director E-mail: [email protected] E-mail: [email protected] Phone: +46 8 681 66 20
Phone: + 46 8 678 30 90 Fax: +46 8 744 4045 Fax: + 46 8 678 40 90 Web site: www.svca.se
Web site: www.svca.se Sweden
136 Sweden
STING Business Angels Address: Growhouse, Isafjordsgatan 39 B 164 40 Kista Sweden Contact person: Maria Nilsson www.stockholminnovation.com E-mail: [email protected] Phone: +46 708 36 22 31
Quick facts . Year of establishment: 2003 . Legal status: Association . Financial support received from: Incubator/Science Park . Partner organizations: Incubator/Science Park . Services offered by the organization: Company Presentation Events Syndication Training for entrepreneurs
Co-investment schemes
Sweden
137 Sweden
STING Business Angels Sectors of investment in 2010 according to the number of deals (left) and according to total amount invested (right)
9% 31% 23% 29%
ICT 13%
Mobile, including software and service applications Health Care/ MedTech 15% 31% Environment and Cleantech 49%
Location of the investees
In the region where the network is located
100%
Sweden
138 Sweden
ALMIBAN (ALMI Address: ALMI Företagspartner Stockholm Stockholm BAN) Sörmland AB ALMI Ekonomiservice Box 190 831 22 Östersund www.almi.se E-mail:
Sweden
139 Switzerland
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. Legal status of the networks Private, non-commercial BANs usually are associations while commercials BANs normally choose the legal form of an AG (stock corporation). National association SECA (Swiss Private Equity & Corporate Finance Association), Chapter Seed Money & Venture Capital EBAN Members . SECA - The Swiss Private Equity & Corporate Finance Association . Go Beyond Ltd SECA Members Active Members . BrainsToVentures AG . Club Valaisan des Business Angels . Go Beyond Ltd . MSM Investorenvereinigung . Start Angels Network Passive Members . Stiftung TECHNOPARK® Zürich 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.
Switzerland 140 Switzerland
Statistics
2001 2002 2003* 2004* 2005 2006 2007 2008 2009 Number of BANs in SECA 7 7 7 7 7 6 6 5* 5 Number of Business Angels 260 408 n/a n/a n/a n/a n/a 210** 196
Number of deals 6 8 n/a n/a n/a n/a n/a 11** 29 Number of accredited projects 210 271 n/a n/a n/a n/a n/a 91** 127 Number of commercial BANs 2 2 2 2 2 2 2 2 2 Number of non- commercial BANs 5 5 5 5 5 4 4 3 3 Number of national BANs 3 3 3 3 3 2 2 2 2 Number of regional BANs 5 5 5 5 5 4 4 3 3
National association 0 0 1 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 3 BANs. The overall market is estimated to be: ~500 Business Angels in BANs.
Contact details BrainsToVentures AG Blumenaustr. 36 9004 St. Gallen Switzerland Contact person: Florian Schweitzer
E-mail: [email protected] Switzerland 141 Switzerland
Go Beyond Address: Technoparkstrasse 1 8005 Zurich, Switzerland or 167 Merchant Street VLT1174 Valetta, Malta Contact person: Brigitte Baumann, Founder and CEO www.go-beyond.biz E-mail: [email protected] Quick facts . Year of establishment: 2005 . Legal status: Commercial . Partner organizations: Incubator/Science Park University/Business School Law firms; M&A companies; etc. . Services offered by the organization: Company Presentation Events Due diligence support Syndication Training for investors Training for entrepreneurs Co-investment schemes Investment strategy, customized deal flow and investment tracking
support
Switzerland
142 Switzerland
Go Beyond Sectors of investment in 2010 according to the number of deals (left) and according to total amount invested (right)
17% Energy 24% 7% 17% 17% ICT 17% 7% Creative Industries Health Care/ MedTech 16% Environment and Cleantech 33% 45% Manufacturing
Location of the investees
20%
In the same country, but not in the same region 80% Outside of the country but
inside Europe
Switzerland
143 Turkey
Lab-X Address: 28 Meydan Sokak Beybi Giz Plaza 9-32 34398 Maslak – Istanbul Turkey Contact person: Fuat Sami www.lab-x.org E-mail: [email protected] Phone: +90 212 290 36 40 Fax: +90 212 290 36 46 Quick facts . Year of establishment: 2006 . Legal status: Commercial . Financial support received from: Self financed and sponsorships . Partner organizations: Chamber of Commerce Incubator/Science Park University/Business School Law firms; M&A companies; etc. . Services offered by the organization: Company Presentation Events Due diligence support Training for entrepreneurs Newsletters or Information bulletin
Database of contacts, Competitions, Investment/Networking Meetings
Turkey
144 Turkey
Lab-X Sectors of investment in 2010 according to the number of deals and according to total amount invested
50%
ICT
Retail and Distribution 50%
Location of the investees
In the same country, but not in the same region
100%
Turkey
145 Turkey
Galata Business Angels Address: Haci Muhittin Sok No 36 Kanlica 34810 Istanbul Turkey Contact person: Elbruz Yilmaz E-mail: [email protected] Phone: +90 2165377200 Fax: +90 2165377204 www.galatabusinessangels.com
Quick facts . Year of establishment: 2010 . Legal status: 2010 was informal. 2011 becoming an association . Financial support received from: Financed through membership fees . Partner organizations: University/Business School . Services offered by the organization:
Company Presentation Events
Turkey
146 Turkey
Galata Business Angels Sectors of investment in 2010 according to the number of deals and according to total amount invested
ICT 100%
Location of the investees
Outside of the country but inside Europe
100%
Turkey
147 Turkey
Metutech-BAN Address: OSTIM ODTU Teknokent Uzaycagi Cad. No:6 Zemin Kat No:10 OSTIM 06531 Ankara Contact person: Tolga Ozbolat E-mail: [email protected] www.metutech.metu.edu.tr Phone: +90 312 210 6400/132 Fax: +90 312 210 6403
Quick facts . Year of establishment: 2007 . Legal status: Association . Financial support received from (as of 2009): Incubator/Science Park . Partner organizations (as of 2009): Incubator/Science Park University/Business School . Services offered by the organization (as of 2009): Company Presentation Events Online matching Due diligence support Training for investors
Training for entrepreneurs
Turkey
148 United Kingdom
Background The first BANs operating in the UK were set up in the early 80s. Today the BBAA has 24 Business Angel. Network members 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 15 early stage Venture Capital members as well as over 30 professional service providers as associate members. 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. National association SECA (Swiss Private Equity & Corporate Finance Association), Chapter Seed Money & Venture Capital 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 Funding sources (of BBAA) projected for 2010 . Public Funding – £35.000 . Membership Fees – £50.000 . Other including sponsorship – £80.000
UK
149 United Kingdom
Statistics 2004* 2005 2006 2007 2008 2009 Number of BANs in SECA 34 33 22** 24** 24 Number of 3297** Business Angels 5.112** 4.620* 4.991 5548 5700 Number of deals 170** 184 327 388 233 330 Number of accredited projects n/a n/a n/a n/a 824 n/a Number of commercial BANs 7** 5 5 10 6.5 21 Number of non- commercial BANs 13** 17 17 9 13.5 3 Number of national BANs 6** 8 8 8 10 10 Number of regional BANs 14** 14 14 11 14 14 National 1 1 1 association 1 (BBAA) 1 (BBAA) 1 (BBAA) (BBAA) (BBAA) (BBAA) **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. National association: 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. Contact details British Business Angels Association 1st Floor 100 Pall Mall London SW1Y 5NQ United Kingdom
Phone: +44 20 7321 5669
E-mail: [email protected] UK Web site: www.bbaa.org.uk
150 United Kingdom
Address: Finance South East Ltd Riverside House 4 Meadows Business Park Station Approach Blackwater, Camberley Surrey GU17 9AB United Kingdom www.financesoutheast.co.uk Contact person: Paul Delahunty E-mail: [email protected] Phone: +44 1276 608510 Quick facts Fax: +44 1276 608539 . Year of establishment: 2001 . Legal status: Commercial . Financial support received from: Regional Development Agency . Partner organizations: Incubator/Science Park Regional Development Agency Various other . Services offered by the organization: Company Presentation Events Due diligence support Syndication Training for investors Training for entrepreneurs
Newsletters or Information bulletin
UK
151 United Kingdom
Finance South East Ltd Sectors of investment in 2010 according to the number of deals (left) and according to total amount invested (right)
20% 35% 20% 14%
ICT Energy 60% 51% Retail and Distribution
Location of the investees
In the region where the network is located
100
UK
152 United Kingdom
Address: North-West Business Northwest Development Agency Angels Renaissance House PO Box 37 Centre Park Warrington WA1 1XB United Kingdom Contact person: Gary Pennington www.nwbusinessangels.co.uk E-mail: [email protected] Phone: +44 1925 400 301
Quick facts . Year of establishment: 1993 . Legal status: Other . Financial support received from: Regional Development Agency . Services offered by the organization: Company Presentation Events Online matching Due diligence support Syndication Training for investors Training for entrepreneurs Newsletters or Information bulletin
Co-investment schemes
UK
153 United Kingdom
North-West Business Angels Sectors of investment in 2010 according to the number of deals (left) and according to total amount invested (right)
45% 47%
13% 22% ICT 33% Creative Industries 40% Manufacturing
Location of the investees
In the region where the network is located
100%
UK
154 United Kingdom
Halo - the Northern Address: Ireland Business Angel Northern Ireland Science Park The Innovation Centre Network Queen‟s Road, Queen‟s Island Belfast BT3 9DT United Kingdom Contact person: Alan Watts E-mail: [email protected] Phone: +44(0)28 9073 7814 www.nisp.co.uk
Quick facts . Year of establishment: 2005 . Legal status: Commercial . Financial support received from: Regional Development Agency . Partner organizations: Incubator/Science Park Regional Development Agency . Services offered by the organization: Company Presentation Events Online matching Syndication Training for investors Training for entrepreneurs
Co-investment schemes
UK
155 United Kingdom
Halo - the Northern Ireland Business Angel Network Sectors of investment in 2010 according to the number of deals (left) and according to total amount invested (right)
17% ICT 12% 12% 3% 19% Mobile, including software and service 9% applications 12% Creative Industries 26% Energy 14% 26% Environment and Cleantech 38% 12% Other
Location of the investees
In the region where the network is located
100%
UK
156 United Kingdom
LINC Scotland Address: Queens House 19 St Vincent Place G1 2DT Glasgow, Scotland United Kingdom Contact person: David Grahame E-mail: [email protected] Phone: +44 141 221 33 21 www.lincscot.co.uk Fax: +44 141 221 32 44
Quick facts . Year of establishment: 1993 . Legal status: Association . Financial support received from: Regional Development Agency ERDF Private Sector . Partner organizations: Private Sector 20 Private Business Angel Groups (not BANs) . Services offered by the organization: Due diligence support Syndication Training for investors Training for entrepreneurs
Newsletters or Information bulletin
UK
157 United Kingdom
LINC Scotland
Sectors of investment in 2010 according to the number of deals (left) and according to total amount invested (right)
2% 6% 13% 3% ICT 13% 19% 23% 4% Creative Industries 7% Biotech and Life sciences 3% 1% Health Care/ MedTech 4% Energy 27% 25% Environment and Cleantech 45% Manufacturing 5% Other
Location of the investees
In the region where the network is located
100%
UK
158 United Kingdom
London Business Angels Address: New City Court 20 St Thomas Street London SE1 9RS United Kingdom Contact person: Anthony Clarke E-mail: [email protected] Phone: +44 207 089 2327 www.lbangels.co.uk Fax: +44 20 7403 1742
Quick facts . Year of establishment: 1983 . Partner organizations (as of 2009): Incubator/Science Park University/Business School Other (ICAEW, COIN) . Services offered by the organization (as of 2009): Company Presentation Events Due diligence support Training for investors Training for entrepreneurs Newsletters or Information bulletin
Co-investment schemes
UK
159 United Kingdom
SWAIN – South West Address: Angel and Investor 510 Bristol Business Park Coldharbour Lane Network Bristol BS16 1EJ United Kingdom Contact person: Jenny Colley E-mail: [email protected] Phone: +44 08700 60 65 60 www.swain.org.uk
Quick facts . Year of establishment: 2004 . Financial support received from: Regional Development Agency . Partner organizations (as of 2009): Chamber of Commerce Incubator/Science Park Regional Development Agency University/Business School . Services offered by the organization (as of 2009): Company Presentation Events Online matching Syndication Training for investors Training for entrepreneurs Newsletters or Information bulletin Co-investment schemes
Other Services
UK
160 EBAN Contacts Chiara de Caro Luis Galveias Alicia Gómez Campos General Manager Project Manager Office & Membership T: (+32)2.626.2061 T: (+32)2.626.2060 Manager F: (+32)2.626.2069 F: (+32)2.626.2069 T: (+32)2.626.2062 M: (+32)477.382539 M: (+352)661.245913 F: (+32)2.626.2069 E: [email protected] E: [email protected] E: [email protected]
EBAN - The European Trade Association for Business Angels, Seed Funds, and other Early Stage Market Players Rue Vautier 54 | 1050 Brussels | Belgium [email protected] www.eban.org