business angels in europe today - eban … · malaysia new zealand usa about eban . eban members...
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• Not for profit organization based in
Brussels
• Created in 1999 by Eurada with the
support of European Commission
• Members in 35 countries
• +100 members and growing!
Beyond Europe: Australia Brazil Canada Curacao Malaysia New Zealand USA
About EBAN
EBAN Members
Business Angel Networks (BANs) Federations of Business Angel Networks Early Stage Venture Capital Funds Business Angels Business accelerators E-funding platforms (non-investors)
Associate Members (Other entities involved in promoting the
early stage investment market in Europe)
EBAN Activities Professio-nalisation
• Training
• Certification
• Professional
standards
Research
• Publications
• Benchmarking
• Best practices
Lobbying
• National &
European
lobbying
• Position
Papers
Capacity Building
• Increase angel
community
• International
events
Cross-Border Investment
• Networking
• Co-Investment
& Syndication
• International
agreements
EBAN Activities EVENTS
• Annual EBAN Congress (Dublin, 19-20 May 2014)
• Annual Winter University (Helsinki, Fall 2014)
• Training Sessions (events & online)
• 1st European Business Angels Week (18-24 November 2013)
EBAN Annual Awards
Business Angel of the Year, Business Angel Network of the Year, Early
Stage Fund of the Year and other awards.
Equity gap
Capital Needs
Time
Seed Start-up Early Growth
Higher Risk
Friends, Family & Founders
Business Angels
Venture Capital Funds
IPO
0
Angels help fill the ‘Equity Gap’
Early stage and seed
venture funds
Amount invested: Size of Visible/ Invisible Market
4.745 M€ 5086 M€
427M€
508 M€
2011 2012
Visible Market 9% 10%
Business Angels vs VCs investments in early stages
Busi
ness
Ang
els
5,1 b€
VCs
1,9 b€
Source: EBAN, EVCA 2012
Number of BAs* in BANs
241.444 261.054
2011 2012
“formal” market 9% 10%
21.730 26.105
*BAs who made at least 1 investment in the past 3 years.
Visible market growth/ decline (amount invested)
838% 250% 175% 116%
Markets with over 10M€ of angel investment
- EBAN - Angel Capital Innovations, UK
- Paragon Ltd, Malta - APRE, Italy - Euro Consultants Ltd, Israel - GEONARDO Environmental Technologies Ltd, Hungary - SYNBEA, France - INVENT, France
- TESEO, Belgium - Europe Unlimited - Inovação.Net, Portugal
ICT entrepreneurs looking for external funding to commercialize their R&D and grow their ICT Business: access to coaching to become investment ready, as well as introductions to investors and cross border investment events. Angels or VC interested in investing in innovating ICT SMEs: offers an unprecedented source of deal flow in new investment ready ICT propositions from across Europe; opportunities to join a sustainable network of investors sharing opportunities in ICT.
Member of Project coordinator
Initiative supported by DG Information Society and
Media Project Partner
Achieved Results
Over 2000 ICT SMEs and
intermediaries reached
Over 300 ICT SMEs participated in
investment readiness
workshops and individual training
Over 100 ICT SMEs interfaced with
investors
3 Projects received funding
Challenges
Only 5% of the SMEs were actually looking for funding 79% of Investors unfamiliar with the available financial supports provided by Research and Development Framework Programmes SMEs claimed: 1. Lack of information about sources of finance 2. Find only a few opportunities for networking Investors claimed: 1. Lack of market and customer validation 2. Lack of experienced management team to take the
business forward 3.Lack of skills
Member of Project coordinator
Initiative supported by DG Information Society and
Media Project Partner
Our Findings
From the sample of 138 companies from Belgium, Luxembourg, Portugal and Switzerland we learn that 13 are VC backed or were sold Intermediaries play a key role Good market offer for pitching opportunities Successful case studies across Europe
Project Recommendations
Awareness raising Investment readiness Streamlining the road to market and contact with investors Leverage private sector involvement in the market Building an entrepreneurial and financing ecosystem Public Procurement
Contact
Luis Galveias Director of Secretariat
www.eban.org
www.europeanangelweek.eu