early stage investment in europe today · eban current initiatives 2014-2016 eban is extending its...
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The Challenges
• No Single Market – E-Zone
• Focus on Start-Ups and not Scale-Ups -eXcelerator
• Need for large EMEA Market – ABAN/MBAN
• The Missing Link – Corporations
• Large Investment Funds – European Innovation Fund and Co-Investment Funds
• Big Data/Environment/Poverty/Cyber Crime
▪ The voice of Early Stage Investors in Europe
▪ Not for profit organization based in Brussels
▪ Created in 1999 by Eurada with the support of European Commission
▪ Members in 51 countries
▪ 151 members and growing!
Beyond Europe:
Australia Brazil
Canada Jordan
Kenya Malaysia
New Zealand Oman
Singapore USA
EBAN Members
Business Angel Networks (BANs)
Federations of Business Angel Networks
Early Stage/ Seed Funds
Business Angels
Business Accelerators
E-funding & Crowdfunding Platforms
(non-investors)
Associate Members (Other entities involved in promoting the
early stage investment market in Europe)
European Outlook
7,5 b€ 5,5b€ 2b€ 0,08 b€European Early
Stage Investment
Business Angels Early Stage VCs(1) Equity
Crowdfunding
(1) EVCA 2014
Angel activity
2011 2012 2013
# Business Angels 241.444 261.430 271-000
Average Investment per company 181.400 174.833 165.787
Average Investment per BAN 1.041.616 1.107.081 1.184.378
Average Investment per BA 19.653 19.480 20.437
EBAN areas of activity
12
Professio-nalisation
• Training
• Certification
• Professional
standards
Research
• Publications
• Benchmarking
• Best practices
Building the Eco-System
• National &
European Eco-
System
Support
• Position
Papers
Capacity Building
• Increase angel
community
• International
events
Cross-Border Investment
• Networking
• Co-Investment
& Syndication
• International
agreements
EBAN Activities
Annual Congress & Awards
Eco-System European CommissionNational GovernmentsPartner Organizations
Webinars
Winter UniversityCopenhagen, Denmark 17-18 November 2015
Working GroupsImpact Investment; Law & IP; Business
Acceleration…
Trainingfor investors & entrepreneurs
ResearchData Collection
& other publications
European Business Angels Week
November 2015
Networking & Deal Sharing
EBAN Current Initiatives 2014-2016
EBAN is extending its horizons all across the board – to new
geographies, to new sectors, to new challenges (1/3)
MBAN – The MENA Business
Angel Network
EBAN is privileged to be working with
Arabreneur, Anima, and Hub9 to incubate and
establish the MENA Region’s first Business
Angel Investor Network,
http://www.m-ban.org
ABAN – The African Business
Angel Network
EBAN is working with VC4 Africa to incubate
and establish ABAN, the African Business
Angel Network, http://www.aban.org
Global Business Angel Network,
Global Accelerator Network,
and Start-Up Angels
EBAN is proud to be a founding member and
co-chair of the Global Business Angels
Network and partner with Global Accelerator
Network and Start-Up Angels
EBAN Current Initiatives 2014-2016
EBAN is extending its horizons all across the board – to new
geographies, to new sectors, to new challenges (2/3)
E-Zone and Innovation Europe Fund EBAN is working with its private sector investment
partners and the E-Residency program of Finland
to create an E-Zone for entrepreneurs, investors
and innovators, http://www.eban.org. In addition,
EBAN is working on creating the Innovation Europe
Fund
Global Success Stories – Cross
Border and Cross Continental
Investment
Creating, Financing and Building Global Success
Stories from the EMEA is one of the main goals of
EBAN/MBAN/ABAN
USA-EU Roundtable on Making
Ventures Grow
Recently, EBAN organized the first ever Trans-
Atlantc USA-EU Roundtable on Venture and
Entrepreneurial Finance – Making Ventures Grow,
http://www.eban.org
EBAN Current Initiatives 2014-2016
EBAN is extending its horizons all across the board – to new
geographies, to new sectors, to new challenges (3/3)
EU Capital Markets Union Coordinated private investment sector response to
the EU Capital Markets Union and EBAN’s specific
response from Business Angels perseptive who play
an important role in Capital Markets,
http://www.eban.org
First-ever Cross Border Angel
Investment in Slush Winner and
EBAN-ESA/EBAN-ERC partnerships
20 EBAN members from 20 countries invested 500
K Euros into Slush winner at EBAN WU. EBAN has
recently made partnerships with ESA and ERC.
Rising Tide Ventures Europe in
conjunction with Rising Tide
Ventures USA
EBAN has recently joined together with Rising Tide
Ventures USA to bring 99 women together in
Europe to create a 1 million Euro Angel fund
EBAN as EU Project Participant
• InvestHorizon
• ePlus
• Future Internet Business
• EC Guidebook No. 9 on European Structural Funds Co-Investment with Business Angels
EBAN helping coordinate European Eco-System • E-Zone Paper
• US-EU Dialogue on Making Ventures Grow
• Capital Markets Union Paper
• Innovation Europe Fund
• Enabling Science to Business – ERC
• Creating New Space Europe with ESA, Airbus, etc
• e-Xcelerator - Amadeus, Airbus, Cisco, Google, Microsoft
• Congresses, etc.
EBAN Current Initiatives 2014-2016
EBAN has a number of excellent committees to complete our
work
EBAN Impact Investment
Committee
Under the Presidency of Hedda Pahlson-
Moller, this is one of the most dynamic
committees of EBAN
EBAN Co-investment Committee
(COIN)
The European Commission has started a co-
investment program with the European
Structural Funds which our EBAN COIN is
working with very hard.
EBAN Research Committee EBAN conducts Tax Incentive and Co-
Investment Compendiums, our EBAN Angel
Statistics, and OECD Studies
EBAN Current Initiatives 2014-2016
EBAN has a number of excellent committees to complete our
work
EBAN EU Funding Projects
Committee
EBAN is very involved in Horizon 2020 projects
and is currently active in 3 projects.
EBAN Intellectual Property
Committee
EBAN Intellectual Property Studies are crucial
to our members
Startup Investors Manifesto
A brief guide to grow early stage investment in Europe to
€15 billion and generate 1,5 million new jobs by 2017
KEY ACTIONS
Inspiring a co-investment
culture amongst different
market stakeholders
• Set up co-investment funds with public and
private funds.
• Focus on cross-border co-investment to
attract funds to emerging markets
• Change mindsets and convert grants into
financial instruments
Taxes as drivers for innovation
and re-allocation of funds
• Incentives to change passive capital into
wealth and jobs generating investment
• Save startups from heavy tax burden
Startup Investors Manifesto (2)KEY ACTIONS
Increasing market
liquidity to avoid
equity gaps
• Raise venture capitalists capacity with a “fund of funds” facility
• More engagement from corporate investors
•Adapt regulation to the needs of growing startups or how to
prevent them to go public in the US
• Easy on capital adequacy requirements for institutional investors
of early stage VC funds
Raising awareness and
changing mindsets
towards a favorable
risk culture
• Education for both entrepreneurs and investors
• Campaign: “Proud to be an investor”
• Recognise investees and investors
Making investment
easier and clearer for
both businesses and
investors
• Standardise and facilitate company creation anywhere in Europe
• Set a common definition for business angel
• Better data collection
Check for more!
July 2015
Candace Johnson, President EBAN. [email protected]
Brigitte Baumann, President Emeritus EBAN and CEO Go Beyond Investing.
Cindy Naegel, [email protected]
Rising Tide Europe Venture Investment Program
EBAN | Go Beyond Investing
EBAN and ESA Join Forces to MakeEntrepreneurship and Investment in Space a New Asset Class for Europe. Space is Europe’s Destiny !
Contacts
EBAN Newsletter
EBANScience 14 Atrium
Rue de la Science 14B
Brussels
+32 2 626 20 60
www.eban.org