EBAN Directory of Networks · EBAN Directory of Networks . The Directory of Networks is based on...
166
December, 2011 EBAN Directory of Networks
Transcript of EBAN Directory of Networks · EBAN Directory of Networks . The Directory of Networks is based on...
December, 2011
EBAN
Directory of Networks
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
W: www.eban.org Last update: December, 2011
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.
i
EBAN members:
Federations of Business Angel
Networks;
Business Angel Networks (BAN)
operating at local, regional, and
national level, cross-border BANs
and sector- specific BANs;
Early-stage Venture Capital funds,
specifically those investing in the
100,000 € - 1 million € range in early-
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
EBAN’s five pillars:
Setting industry-specific professional
standards;
Benchmarking through research and
networking with peers at high level
events and workshops;
Lobbying;
Awareness and capacity building;
Cross-border syndication and co-
investment support
ii
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
EBAN © 2011 Directory of Networks has been compiled and coordinated by Silviya Mladenova, Research Assistant at
EBAN (October 2011 – March 2012)
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)
N. Country/
Region Organization Web site
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
10 France Media-deals
www.media-deals.org
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
Business Angel Networks
1
List of EBAN members (as of December 2011)
N. Country/
Region Organization Web site
18 Ireland
HALO Business Angel Partnership (Dublin Business Innovation
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
23 Poland AMBER BAN - Polish Entrepreneurs Foundation
www.pfp.com.pl;
www.amberinvest.org
24 Poland Gildia Aniołów Biznesu
www.aniolybiznesu.org/en/def
ault.aspx
25 Poland Lewiatan Business Angels www.lba.pl
26 Poland Secus Wsparcie Biznesu Sp. Z O.O. www.secus.pl
27 Portugal
Gesventure/ Business Angels Club - Associação Portuguesa De
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
Business Angel Networks
2
List of EBAN members (as of December 2011)
N. Country/
Region Organization Web site
35 Spain IESE Red de Inversores Privados y Family Offices www.iese.edu/businessangels
36 Spain
INNOBAN, Innovación y Conocimiento para el Desarrollo
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
40
The
Netherlands BID Network Foundation www.bidnetwork.org
41
The
Netherlands Development Agency East Netherlands - OOST NV www.meestersvandetoekomst.nl
42
The
Netherlands Maxwell Group www.maxwellgroup.nl
43
The
Netherlands PYMWYMIC www.pymwymic.com
44
The
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
Business Angel Networks
3
List of EBAN members (as of December 2011)
BAN Federations
4
N. Country/
Region Organization Web site
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
6 Portugal
FNABA - Federação Nacional de Associações de Business
Angels www.fnaba.org
7 Russia NBAA www.rusangels.ru
8 Russia
RUSSBA - The National Union of business angels of the
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
12 Sweden
SVCA - Swedish Venture Capital and Private Equity
Association www.scva.se
13 Switzerland
SECA - The Swiss Private Equity & Corporate Finance
Association www.seca.ch
14
The
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
List of EBAN members (as of December 2011)
Early-stage Funds
N. Country/
Region Organization Web site
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
N. Country/
Region Organization Web site
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)
N. Country/
Region Organization Web site
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
6 France
UNICer - National Association of the investors in regional
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
Associates
6
List of EBAN members (as of December 2011)
Associates
N. Country/
Region Organization Web site
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
7
Reciprocal membership
N. Country/
Region Organization Web site
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
5
New
Zealand Angel Association New Zealand www.angelassociation.co.nz
6
North
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
Early stage actors identified in Europe
(and Israel) (as of December 2011)
N. Country/
Region Organization Web site
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
5
Bosnia and
Herzegovina Društvo za tržišne studije ( The Society for Market Studies) www.trzisnestudije.org
6
Bosnia and
Herzegovina Bosnian Business Angels Network www.bosangels.com
7 Bulgaria Bulgarian Business Angels Network www.bban.eu
8 Bulgaria
Bulgarian ICT Cluster - Forum for entrepreneurs and investors
(FORENTIN) www.ictalent.org
9 Bulgaria CEE CHIPS Ltd. N/A
10
Czech
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)
N. Country/
Region Organization Web site
20 France Adour Business Angels www.adourangels.fr
21 France Alpes Leman Angels
www.alpes-leman-
angels.com
22 France Alsace business angels
www.alsacebusinessangels.c
om
23 France Alumni Entreprendre
www.alumni-
entreprendre.com
24 France Angelor www.angelor.fr
25 France Angels sante
www.businessangelssante.co
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)
N. Country/
Region Organization Web site
39 France Caraibes angels www.caraibesangels.org
40 France Champagne Ardenne Angels
www.champagne-ardenne-
angels.fr
41 France Cleantech business angels
www.cleantechbusinessangel
s.com
42 France Club invest 77 www.clubinvest77.com
43 France Dauphine Business Angels
www.dauphinebusinessangel
s.com
44 France Ddidf www.ddidf.org
45 France Drôme Angels www.drome-angels.fr
46 France Entrepreneurs & Capital
www.entrepreneurs-
capital.com
47 France Ensae business angels www.ensae-ba.org
48 France Eure-et-Loir Business Angels
www.cci28.fr/article/eure-
et-loir-business-angels
49 France Fa diese 2 www.fadiese.fr
50 France Femmes business angels
www.femmesbusinessangels.
org
51 France Finance et technologie
www.finance-
technologie.com
52 France Finaqui www.finaqui.fr
53 France Finistere angels N/A
54 France Grand delta angels www.grand-delta-angels.com
55 France Grenoble angels
www.grenobleangels.grenobl
eecobiz.biz
56 France Forinvest Business Angels
www.foretpriveefrancaise.co
m/forinvest-business-
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)
N. Country/
Region Organization Web site
58 France Invest y www.invest-y.com
59 France Investessor-sibessor www.investessor.fr
60 France IT@ngels www.itangels.fr
61 France Val'Angels
www.valdemarne.com/val-
angels.html
62 France Limousin business angels
www.limousin-
businessangels.fr
63 France Logoden participations
www.logodenparticipations.c
om
64 France Lorraine business angels www.lorraine-ba.com
65 France Lyon angels www.lyonangels.org
66 France Manesman Business Angels
www.manesmanbusinessang
els.com
67 France Mediterranee investissement
www.mediterranee-
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)
N. Country/
Region Organization Web site
77 France Roanne angels www.roanneangels.fr
78 France Savoie angels www.savoie-angels.com
79 France Sirs business angels
www.sirs-business-
angels.org/?q=sirs-business-
angels
80 France Software business angels
www.softwarebusinessangels
.com
81 France Sud angels www.sud-angels.fr
82 France Sud Franche Comté Angels
www.sudfranchecomteangel
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
87 France Val d'oise business angels
www.vo-business-
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
91 France INSEAD GAIN
http://www.insead.edu/fac
ultyresearch/centres/entrepr
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)
N. Country/
Region Organization Web site
96 Germany Business Angel Forum Region Stuttgart e.V. www.business-angels-region-stuttgart.de
97 Germany
Business Angel Initiative Südwestfalen e.V.
(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
102 Germany
Business Angels Netzwerk Niedersachsen BAN-
NDS
www.nbank.de/Unternehmen/Wirtschaft/Investition/
Business_Angel_Netz.php
103 Germany Business Angels Netzwerk Saarland www.business-angels.saarland.de
104 Germany
ego.-BUSINESS
Netzwerk für Unternehmensgründungen in
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
112 Germany NRW.BANK Business Angels Initiative - win
www.nrwbank.de/de/foerderlotse-produkte/win-
NRWBANK-Business-Angels-
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)
N. Country/
Region Organization Web site
115 Germany green venture.net www.green-venture.net
116 Germany venture forum neckar e.V. www.venture-forum-neckar.de
117 Germany
bansplus - business angels netzwerk südbayern
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
127 Germany
Business Angel Netzwerk Nordwestdeutschland
e.V. www.ban-nwd.de
128 Germany
Raphael - Sächsisches Business Angels Netzwerk
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)
N. Country/
Region Organization Web site
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
146 Italy Ban Lazio
www.biclazio.it/it/canali/finanziare-lavvio-e-la-
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)
N. Country/
Region Organization Web site
153 Latvia CONNECT Latvia Business Angel Network N/A
154 Latvia
Latvian Private Investor Association "Latvijas
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
159
Northern
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
167 Poland
RESIK - The Małopolska Agency for Energy and
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)
N. Country/
Region Organization Web site
172 Portugal Centro Business Angels - CEC/CCIC www.netcentro.pt
173 Portugal
Invicta Angels - Associação de Business
Angels do Porto www.invictaangels.pt
174 Portugal OPEN Business Angels www.open.pt
175 Portugal
Vima Angels – Associação de Business Angels de
Guimarães N/A
176 Portugal Associação de Business Angels de Santarém N/A
177 Portugal
Alenbiz - Associação de Business Angels do
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
180 Russia
Saint-Petersburg Business Angel Organisation
Non-commercial Partnership (Saint-Petersburg) N/A
181 Russia
Tomsk Center for Venture Investments LLC
(Tomsk) N/A
182 Russia Kazan Network www.rapec.ru
183 Russia
Baikal Business Angel Union (Irkutsk)- In
creation N/A
184 Russia Moscow Region Business Angels - In creation N/A
185 Russia
Novosibirsk Business Angel Network
(Novosibirsk)- In creation N/A
186 Russia
Russian Association of Private Venture Investors
(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
190 Russia
Far Eastern Business Angel Network “Laboratory
of Investments” (Vladivostok) www.rapec.ru
17
Early stage actors identified in Europe
(and Israel) (as of December 2011)
N. Country/
Region Organization Web site
191 Russia
Nizhny Novgorod Business Angel Network
“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
200 Spain
CEEI ALCOY, Centro Europeo de Empresas e
Innovación de Alcoy www.ceei-alcoy.com
201 Spain
ENCUENTRO CÍRCULO DE INVERSIÓN
S.L. www.encuentro-inversion.com
202 Spain
CLUB DE BUSINESS ANGELS, INSTITUTO
DE EMPRESA www.creacion.empresas.ie.edu
203 Spain
CV BAN, Comunitat Valenciana Business Angels
Network www.cvban.org
204 Spain Asociación de Business Angels First Tuesday N/A
205 Spain SOPDE - Malaga Business Angels www.sopde.es/businessangels
206 Spain
CEEI Baleares, Centre Europeu d'Empreses
Innovadores Balears
www.balearsempren.com/index.php?Itemid=183&sear
chword=innovadores
207 Spain
PROEXCA. Sociedad Canaria de Fomento
Económico S.A. www.proexca.es
208 Spain ALAMUT BUSINESS ANGELS NETWORK www.alamut.es
209 Spain
Fundación Centro Europeo de Empresas e
Innovación (CEEI) Castellon www.ceei-castellon.com
18
Early stage actors identified in Europe
(and Israel) (as of December 2011)
N. Country/
Region Organization Web site
210 Spain
Fundación Centro Europeo de Empresas e
Innovación (CEEI) Valencia
www.redceei.com
211 Spain
CEEI ELCHE, Centro Europeo de Empresas e
Innovación de Elche www.ceei-elche.com
212 Spain
SODERCAN, Sociedad para el Desarrollo
Regional de Cantabria, S.A. www.sodercan.com
213 Spain
CLUB DE INVERSORES EN FRANQUICIA-
TORMO & ASOCIADOS, S.L. www.tormo-asociados.es
214 Spain Asociacion BULKA Business Angels www.bulkangels.com
215 Spain Red Canaria de Business Angels (RECABA)
www.recaba.com/component/search/index.php?Itemi
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
220 Spain LA SALLE PARQUE DE INNOVACIÓN
www.lasalleparquedeinnovacion.es/Paginas/default.asp
x
221 Spain
MADRID EMPRENDE, Agencia de Desarrollo
Económico www.esmadrid.com/madridemprende
222 Spain PRIVILEGED BUSINESS PROJECTS S.L. www.privileged.es
223 Spain
MURCIA BAN, Red de Inversores Privados de la
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
228 Spain
AIJEC (Associació Independent de Joves
Empresaris de Catalunya) www.aijec.es
19
Early stage actors identified in Europe
(and Israel) (as of December 2011)
N. Country/
Region Organization Web site
229 Spain
CLUB ABANT (Alicante Business Angels
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
232 Spain
E-VALORA FINANCIAL SERVICES, S.L.,Club
Business Angels Pymeinversión www.e-valora.com
233 Spain
Red de Inversores y Emprendedores de Castilla y
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)
N. Country/
Region Organization Web site
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
256 Sweden
Partners för Utvecklingsinvesteringar i Life
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)
N. Country/
Region Organization Web site
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
272 Switzerland Forum des Entrepreneurs
www.eev.ch/fr/manifestations/forum-pour-jeunes-
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
278
The
Netherlands The Informal Investors Network B.V./TIIN www.tiin.net
279
The
Netherlands Informal Capital Network B.V. www.informalcapital.net
280
The
Netherlands Flevoland Informal Investors Netwerk www.omfl.nl
281
The
Netherlands Women Professionals Group www.womenprofessionalsgroup.com
282
The
Netherlands Nextstage www.nextstage.nl
283
The
Netherlands ABN AMRO Informal Investment Services www.informalinvestment.nl
284
The
Netherlands Mindhunter www.mindhunter.com
285
The
Netherlands KplusV/Schretlen & Co www.kplusv.nl
22
Early stage actors identified in Europe
(and Israel) (as of December 2011)
N. Country/
Region Organization Web site
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)
N. Country/
Region Organization Web site
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
320 UK
Eastern Capital Alliance (formerly Great Eastern
Investment Forum) www.geif.co.uk
321 UK Octopus Venture www.octopusventures.com
322 UK Oxford Early Investments www.oxei.co.uk
323 UK
Oxford Investment Opportunity Network
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)
N. Country/
Region Organization Web site
325 UK
Yorkshire Association of Business Angels
(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)
N. Country/
Region Organization Web site
344 UK
Discovery Investment Fund - Informal Private
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
27
Andorra Angels
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
Contact details
Address: Andorra Desenvolupament Inversió
C/Prat de la Creu 59-65, esc.A, 1r
Contact person: Mr. Carles Aleix
E-mail: [email protected]
Phone: (+376)81.20.20
Fax: (+376)81.20.21
www.adi.ad
2010 Investments breakdown by growth stage of the investee companies
An
do
rra 19%
62%
19%
Seed
Early stage and start-up
Expansion
Austria
28
Au
stri
a
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
29
Au
stri
a
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
projects 63 92 103 69 60 85
59
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
BANs 1 1 1 1 1 2 2 3 3 3
3
Number of
commercial
BANs 0 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
30
Au
stri
a
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
31
i2 –The Austrian Business
Angel Network
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
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
www.awsg.at
Au
stri
a
Austria
32
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)
Au
stri
a
25% 25%
25% 25%
Creative Industries
Biotech and Life sciences
Environment and Cleantech
Retail and Distribution
18% 57%
6%
19%
Location of the investees
In the same
country, but not in the same
region 100%
Belarus
33
BAVIN - Business Angels &
Venture Investors Network
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
Contact details
Address: Nezavisimosti Str. 39
220005 Minsk
Contact person: Ms. Valeria Sudilovskaia,
Executive director
E-mail: [email protected]
Phone: (+375) 29 625 67 47
Fax: (+ 375) 17 288 27 88
www.bavin.by
Bela
rus
Belgium
34
Belg
ium
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.
1 In 2008, WABAN restructured its activities to become an awareness raising
platform about the investment possibilities between Wallonia and the North
of France, and has delegated its match-making activities to Be Angels.
Belgium
35
Belg
ium
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
36
Belg
ium
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
Belgium
37
Belg
ium
Statistics
2004**
2005
**
2006
** 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
38
BAN (Business Angels
Netwerk) Vlaanderen vzw
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
Contact details
Address: H. Van Veldekesingel 150/7
3500 Hasselt
Belgium
Contact person: Mr. Reginald Vossen, CEO
E-mail: [email protected]
Phone: (+32) 11 870 910
Fax: (+32) 11 870 921
www.ban.be
Belg
ium
Belgium
Belgium
39
BAN (Business Angels
Netwerk) Vlaanderen vzw
Sectors of investment in 2010 according to the number of deals
Belg
ium
Location of the investees
31% 3%
11%
3%
11%
3%
3%
11% 3%
21%
ICT
Mobile, including software and service applications Creative Industries
Health Care/ MedTech
Energy
Environment and Cleantech
Retail and Distribution
Finance and Business Services
Logistics and transport
Manufacturing
95%
5%
In the region where the network is located
In the same country, but not in the same region
40
BeAngels S.A.
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
Contact details
Address: Rue Fond Cattelain, 2
1435 Mont-Saint-Guibert
Belgium
Contact person: Mr. Joseph de Gheldere, CEO
E-mail: [email protected]
Phone: (+32) 10 48 50 22
Fax: (+32) 10 48 50 21
www.ban.be
Belg
ium
Belgium
Croatia
41
Cro
ati
a
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
42
CRANE - Croatian Business
Angel Network
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
Contact details
Address: Ulica Grada Vukovara 269 D
10000 Zagreb
Contact person: Mr. Dalibor Čvek
E-mail: [email protected]; [email protected]
Phone: (+38) 598/9766-823
Fax: (+38) 501/5571-052
www.crane.ini.hr
Cro
ati
a
Croatia
43
CRANE - Croatian Business
Angel Network
Sectors of investment in 2010 according to the number of deals (left)
and according to total amount invested (right)
Cro
ati
a
Location of the investees
80%
5%
In the region where the network is located
In the same country, but not in the same region
25% 25%
50%
Mobile, including software and service applications Retail and Distribution
Stratospheric airship, waterless car wash
20%
30%
50%
Finland
44
Fin
lan
d
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
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
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
Fin
lan
d
Statistics
1997-
20011 2002 2003 2004 2005 2006 2007 2008 2009 2010
Number of BANs (1) 1 1 1 1 1 1 1 4 4
Number of
Business Angels (1) 90 207 253 286
326
(+70*)
394
(+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
Business Angels (1) 90 207 253 286
326
(+70*)
394
(+64*) 400 400 450
46
Investor Extra
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
www.veraventure.fi
Fin
lan
d
Finland
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
47
Investor Extra
Sectors of investment in 2010 according to the number of deals (left)
and according to total amount invested (right)
Fin
lan
d
Location of the investees
56%
5% 5%
10% 10%
14%
ICT
Mobile, including software and service applications Health Care/ MedTech
Energy
71%
4% 3%
9% 4%
9%
In the region where the network is
located 100%
48
FiBAN – Finnish Business
Angels Network
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
www.fiban.org
Fin
lan
d
Finland
Contact details
Address: Sturenkatu 21
00510 Helsinki
Contact person: Mr. Claes Mikko Nieminen
E-mail: [email protected]
Phone: (+358)504913001
France
49
Fra
nce
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
50
Fra
nce
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
51
Fra
nce
Statistics
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Number of
BANs 32 -
48(35)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
BANs 5-10 5-10 n/a n/a 1 1
11 (47
answers) - 2 5-10
Number of non-
commercial
BANs 16 18 n/a n/a 37 40
36 (47
answers) - 79 16
Number of
national BANs n/a n/a n/a n/a 4 1
12 (47
answers) 11 16 18 n/a
Number of
regional BANs n/a n/a n/a n/a 34 34
35 (47
answers) 50 65 65 n/a
National
association 1 1 1 1 1 1 1 1 1 1 1
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
Country form provided by: France Angels
France
52
Business Angels Nord de
France
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
Contact details
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
Fax: (+33) 03 20 55 14 67 www.i-prives.eu
Fra
nce
France
53
Media deals
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
Contact details
Address: 2, Palais de la Bourse BP 500
59001 Lille
Contact person: Mr. Thierry Baujard, President
E-mail: [email protected]
Phone: (+49) (0)30 488 2885 61
Fax: (+49) (0)30 690 88 386
www.media-deals.org
Fra
nce
France
54
Media deals
Sectors of investment in 2010 according to the number of deals (left)
and according to total amount invested (right)
Fra
nce
Location of the investees
50%
50%
ICT
Creative Industries
50%
50%
Outside of
Europe 100%
France
55
Paris Business Angels
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
Contact details
Address: 16 rue de Turbigo
75002 Paris
Contact person: Mr. Georges Viglietti
E-mail: [email protected]
Phone: (+33) 01 44 82 77 73
Fax: (+33) 01 44 82 77 76
www.parisbusinessangels.com
Fra
nce
France
56
Paris Business Angels
Sectors of investment in 2010 according to the number of deals (top)
and according to total amount invested (bottom)
Fra
nce
Location of the investees
50%
11%
5%
11% 5% 6%
12%
ICT
Mobile, including software and service applications Creative Industries
Health Care/ MedTech
Retail and Distribution
56%
20% 5%
5% 1% 2%
11%
Biotech and Life sciences
Social and Sustainable Investments - impact investing Logistics and transport
95%
5%
In the region where the network is located
In the same country, but not in the same region
France
57
Sophia Business Angels
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
Contact details
Address: 300 Rue des Crètes
6560 Sophia Antipolis
Contact person: Ms. Juliana Garaizar
E-mail: : [email protected]
Phone: (+33) 4 9300 6025
Fax: (+33) 4 9300 6001
www.sophiabusinessangels.com
Fra
nce
Germany
58
Germ
an
y
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
59
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
Business Angels n/a 750 1200 1025 1025
About
1000
About
1000
About
1000
About
1000
About
1400
About
1400
About
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
Germ
an
y
Germany
60
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
Germ
an
y
Germany
61
BANSON Business Angel
Netzwerk e.V.
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
Contact details
Address: Rebenring 33
38106 Braunschweig
Contact person: Mr. Rolf Richter, Mr. Uwe
Köhler
E-mail: [email protected]
Phone: (+49) 531 3804 266
Fax: (+49) 531 3804 269
www.banson.net
Germ
an
y
Germany
62
f.u.n. netzwerk nordbayern
GmbH
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
Contact details
Address: Neumeyerstraße 48
90411 Nürnberg, Germany
Contact person: Ms. Michaela Müller
E-mail: [email protected]
Phone: (+49) 911-497248021
Fax: (+49) 911-497248049
www.netzwerk-nordbayern.de
Germ
an
y
Germany
63
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)
Germ
an
y
Location of the investees
20%
20%
10%
40%
10%
ICT
Biotech and Life sciences
Health Care/ MedTech
Environment and Cleantech
Manufacturing 56%
20% 5%
5% 1%
2%
11%
Biotech and Life sciences
Social and Sustainable Investments - impact investing Logistics and transport
In the region
where the network
is located 100%
Germany
64
Business Angels Agentur
Ruhr e.V. (BAAR)
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
Contact details
Address: Semperstrasse 51
45138 Essen, Germany
Contact person: Ms. Maria Theresia Gerstung
E-mail: [email protected]
Phone: (+49) 201 24 05 35 19
Fax: (+49) 201 8 94 15 10
www.baar-ev.de
Germ
an
y
Germany
65
Quantum Board - The
European High-Tech
Scouting Club
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
Contact details
Address: Baerengasse 5
78050 Villingen-Schwenningen, Germany
Contact person: Helge Hardacker, Owner
E-mail: [email protected]
Phone: (+49) 7721903950
Fax: (+49) 7721903951
www.quantumboard.eu
Germ
an
y
Germany
66
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)
Germ
an
y
Location of the investees
50%
50%
Energy
Environment and Cleantech
30%
70%
25%
5%
In the same country, but not in the same region
Outside of the country but inside Europe
Greece
67
Gre
ece
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
68
Mentoring SA
Quick facts
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
Contact details
Address: 296 Kifisias Ave & 40 Navarinou Str.
152-32 Halandri, Athens
Greece
Contact person: Ms. Despina Tsalavouti, Ms.
Maria Koumarianou
E-mail: [email protected];
Phone: (+30) 210 6800743
Fax: (+30) 210 6800744
www.mentoring.com.gr
Gre
ece
Ireland
69
Irela
nd
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
70
Irela
nd
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
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
71
Irela
nd
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
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
Statistics
Ireland
72
The Association of E.C.
Business & Innovation
Centres in Ireland
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
Contact details
Address: Dublin Business Innovation Centre
The Tower, TCD Enterprise Centre
Pearse Street
Dublin 2
Ireland
Contact person: Michael Culligan
E-mail: [email protected]
Phone: (+353)-1-4100818 / 4100819
www.businessangels.ie
Irela
nd
Ireland
73
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)
Irela
nd
Location of the investees
25%
35%
10% 15%
10%
5%
ICT
Mobile, including software and service applications Creative Industries
Health Care/ MedTech
Environment and Cleantech
Other
21% 32%
8%
22%
13%
4%
In the region
where the network is
located 100%
Italy
74
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
75
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
76
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
77
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
78
Italy
IBAN circuit
BANs/Clubs 2010 are fully connected to IBAN. All the BANs are managed following
the IBAN code of conduct.
2010 figures Project submitted Number of Angels Deals Made Average amount per
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
79
Italian Angels for Growth
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
Contact details
Address: Via Vivaio, 24
20122 Milano
Contact person: Mr. Marco Villa
E-mail: [email protected]
www.italianangels.net
Italy
Italy
80
Italian Angels for Growth
Sectors of investment in 2010 according to the number of deals (left)
and according to total amount invested (right)
Italy
Location of the investees
72%
14%
14%
ICT
Biotech and Life sciences
Environment and Cleantech
87%
7%
6%
57%
5% 29%
In the same country, but not in the same region
Outside of the country but inside Europe
Outside of Europe
Luxembourg
81
Luxembourg Business
Angel Network - LBAN
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
Contact details
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
Fax: +352 29 10 30 www.lban.lu
Lu
xem
bo
urg
Luxembourg
82
Luxembourg Business
Angel Network - LBAN
Sectors of investment in 2010 according to the number of deals and
according to total amount invested
Lu
xem
bo
urg
Location of the investees
Health Care/ MedTech
100%
In the region
where the network is
located 100%
The Netherlands
83
Th
e
Neth
erl
an
ds
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.
The Netherlands
84
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
Th
e
Neth
erl
an
ds
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
85
BiD Network Foundation
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)
Contact details
Address: De Ruyterkade 107
1018 AV Amsterdam
The Netherlands
Contact person: Mr. Maarten de Jong
E-mail: [email protected];
Phone: (+31) 207555004
Fax: (+31) 848300022
www.bidnetwork.org
Th
e
Neth
erl
an
ds
The Netherlands
86
Maxwell Group
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
Contact details
Address: Science Park 400
1098 XH Amsterdam
The Netherlands
Contact person: Mr. Peter van Meersbergen
E-mail: [email protected]
Phone: (+31) 20 692 63 00
Fax: (+31) 20 692 69 59
www.maxwellgroup.nl
Th
e
Neth
erl
an
ds
The Netherlands
87
OOST NV – Development
Agency of East Netherlands
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
Contact details
Address: Postbox 5215
6802 EE Arnhem
The Netherlands
Contact person: Mr. René Reijtenbagh
E-mail: [email protected]
Phone: (+31) 263 844 222
Fax: (+31) 263 844 244 www.meestersvandetoekomst.nl
Th
e
Neth
erl
an
ds
The Netherlands
88
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
Th
e
Neth
erl
an
ds
Mind Hunter Corporate
Finance & Capital Search Contact details
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
Norway
89
No
rway
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
90
No
rway
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
91
No
rway
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.
Contact details
Address:
Nedre Vollgate 8,
N- 0158 Oslo, Norway
Contact person:
Attn. Truls Berg, Board member
E-mail: [email protected]
Phone: +47 90 02 68 06
Contact details
Address:
Thormøhlens gate 51,
N-5006 Bergen, Norway
Contact person:
Attn. Erlend Bang Abelsen, Ban Manager
E-mail:
Switchboard: +47 9950 2000
Direct: +47 98 23 64 05
Norway
92
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.
No
rway
Country form provided by:
CV BAN and NorBAN in
collaboration
Statistics: 2009 2010 YTD
Number of BANs 0 0
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
Norway
93
CV BAN - CONNECT Vest
Business Angel Network
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.
Address:
Thormøhlens gate 51,
N-5006 Bergen, Norway
Contact person:
Attn. Erlend Bang Abelsen, Ban
Manager
E-mail:
Switchboard: +47 9950 2000
Direct: +47 98 23 64 05 www.connectvest.no
No
rway
Norway
94
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)
No
rway
Location of the investees
50%
25% 25%
ICT
Retail and Distribution
Other
34%
46% 20%
In the region
where the network is
located 100%
Poland
95
Po
lan
d
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.
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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
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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
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Amber Business Angels
Network – Polish
Entrepreneurs Foundation
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
Address:
Monte Cassino 32
70-466 Szczecin
Contact person:
Tomasz Łasecki
E-mail: [email protected]
Phone: (+48)913129218
Direct: (+48)913129201
www.pfp.com.pl
www.amberinvest.org
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Poland
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Amber Business Angels
Network – Polish
Entrepreneurs Foundation
Sectors of investment in 2010 according to the number of deals and
according to total amount invested
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Location of the investees
ICT 100%
In the same country, but
not in the same region
100%
Poland
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Wschodnia Sieć Aniołów
Biznesu
formerly "Lubelska Sieć
Aniołów Biznesu"
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
Address:
ul. Rynek 7, 20-111 Lublin
Contact person:
Mariusz Kaczmarek
E-mail: [email protected]
Phone: (+48)42 664 37 95
Fax: (+48)42 664 37 50
www.wsab.org.pl
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Poland
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Lewiatan Business Angels
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
Address:
Ul. Klonowa 6
00-591 Warszawa
Poland
Contact person:
Mr. Jacek Blonski
E-mail: : [email protected]
Phone: (+48) 22 84 5 95 96
Fax: (+48) 22 84 5 95 51 www.lba.pl
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Poland
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Secus Wsparcie Bizneu Sp.
Z o. o.
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
Address:
ul. Paderewskiego 32c
40-282 Katowice, Poland
Contact person:
Mr. Robert Bieleń, Vice President
E-mail: : [email protected]
Phone: (+48) 32/ 352 45 26
Fax: (+48) 32/ 352 45 36 www.lowcybiznesu.pl
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Portugal
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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.
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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.
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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.
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Portugal
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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
angels (M EUR) 1 1.3
0,646
(*)
0,646
(*)
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
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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)
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Contact details
APBA – Associação Portuguesa de
Business Angels
Address:
Rua Duque de Palmela, 2 – 4º Esq.
1250-098 Lisboa
Portugal
Contact person:
Mr. Joao Larroude Trigo Da Roza
E-mail: [email protected]
Phone: +351 969 160 325
Fax: +351 213 147 948
Web site: www.apba.pt
Contact details
FNABA – Federação Nacional de Associações de
Business Angels
Address:
Rua 7 de Junho de 1759, N° 1
2760-110 Caxias
Portugal
Contact person:
Mr. Francisco Banha
E-mail: [email protected]
Phone: +351 214 416 460
Fax: +351 21 441 73 87
Web site: www.fnaba.org
Country form provided by:
APBA in collaboration with FNABA
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Business Angels Club -
Gesventure
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
Address:
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
Fax: +351 21 441 73 87 www.gesbanha.com
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Business Angels Club -
Gesventure
Sectors of investment in 2010 according to the number of deals (left)
and according to total amount invested (right)
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Location of the investees
50%
50%
ICT Other 62%
38%
50%
50%
In the region where the network is located
In the same country, but not in the same region
Russia
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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)
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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.
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ssia
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
Slovak Republic
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Neulogy Address:
Pribinova 25
811 09 Bratislava
Slovak Republic
Contact person: Jaroslav Luptak
E-mail: [email protected]
Phone: (+421) 2 5441 41 00
Fax: (+421) 2 5441 41 00
www.neulogy.com
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Spain
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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
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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.
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
Sp
ain
45% 24%
31%
No Juridical Enthity Public Initiative Private Initiative
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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
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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.
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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)
Spain
Sp
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Contact details
ESBAN – Red Española
de Business Angels
Address:
Paseo Castellana 93 7º
28046 Madrid
Contact person:
Albert Colomer
E-mail: [email protected]
Phone: +34.902.930.518/902.93.01.83
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
Contact details
AEBAN – Asociación Española
de Bussines Angels Networks
Address:
Plaza Pablo Ruiz Picasso, nº 1, Torre Picasso
28020 Madrid
Contact person:
Ana Coll
E-mail: [email protected]
Phone: +34 93 253 42 00
Web site: www.aeban.org
Catalonia
118
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
Cata
lon
ia
119
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.
Catalonia
Cata
lon
ia
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Number of
BANs 1 1 2 4
11
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:
Spain
120
ESADE BAN
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
Address:
Av. Pedralbes 60-62
8034 Barcelona
Spain
Contact person:
Fernando Zallo
E-mail: [email protected]
Phone: +34 93 5530217
Fax: +34 93 49 52068
www.esadealumni.net
Sp
ain
Spain
121
ESADE BAN
Sectors of investment in 2010 according to the number of deals (left)
and according to total amount invested (right)
Sp
ain
Location of the investees
50%
40%
10%
ICT
Creative Industries
Retail and Distribution
40%
45%
15%
80%
20%
In the region where the network is located
In the same country, but not in the same region
Spain
122
BAN Madri+d
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
Address:
Velazques 76
28001 Madrid
Spain
Contact person:
Pedro Trucharte
E-mail:
Phone: +34 91 7816570
Fax: +34 91 5766052
www.madrimasd.org
Sp
ain
Spain
123
BAN Madri+d
Sectors of investment in 2010 according to the number of deals (left)
and according to total amount invested (right)
Sp
ain
Location of the investees
55%
30%
15%
ICT
Biotech and Life sciences
Environment and Cleantech
60%
20%
20%
In the region
where the network is
located 100%
Spain
124
BANC - Business Angels
Network de Catalunya
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
Address:
Sant Pau 6
08221 Terrassa, Barcelona
Spain
Contact person: Alex D‟Espona,
Albert Colomer
E-mail: [email protected];
Phone: +34 93 736 11 00
Fax: +34 93 736 60 14
www.bancat.com
Sp
ain
Spain
125
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)
Sp
ain
Location of the investees
In the region where the network is
located 100%
56%
22%
22%
34%
33%
33%
Health Care/ MedTech
Logistics and transport
Manufacturing
Spain
126
Goban, Business Angel
Network Of Castilla-la
Mancha
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
Address:
Parque Empresarial Campollano
Avda. 4ª, nº 3
02007 Albacete
Spain
Contact person: Angel Prieto
E-mail: [email protected]
Phone: +34 967616000 www.gobanclm.com
Sp
ain
Spain
127
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)
Sp
ain
Location of the investees
25%
50%
25%
ICT
Biotech and Life sciences
Energy
58%
38%
4%
In the region
where the network is
located 100%
Spain
128
IESE Business Angels
Network
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
Address:
Avenida Pearson 21
08034 Barcelona
Spain
Contact person: Marta Aparicio
E-mail: [email protected]
Phone: +34 91 211 3183
Fax: +34 91 357 2913 www.iese.edu
Sp
ain
Spain
129
InnoBAN, Red de Inversores
Ángel para la Innovación
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
Address:
Doctor Cadaval 2, 4C
(Edificio Simeón)
36202 Vigo
Spain
Contact person: Luis Fernández
E-mail: [email protected]
Phone: +34 986 118 079
Fax: +34 986 118 079
www.innoban.com
Sp
ain
Spain
130
Fundacion Zaragoza
Conocimiento
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
Address:
San Jorge 12 2 planta
50001 Zaragoza
Contact person: Ricardo Pedrol Vilas
E-mail: [email protected]
Phone: +34 618 732 040
Fax: +34 976 201500 www.fundacionzcc.org
Sp
ain
Spain
131
UNIBAN, University
Business Angels Network
(Galicia)
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
Address:
Rua Lope Gómez de Marzoa S/N
Edifico Feuga-Despacho 1
15705 Santiago de Compostella
Spain
Contact person: Nuria Fernández
Flores
E-mail: [email protected]
Phone: +34 981 563 100/16844
Fax: +34 981 54 70 77
www.fundacionzcc.org
Sp
ain
Spain
132
MRE, S.L.
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
Address:
Paseo Toki Eder, 117
20013 San Sebastián
Spain
Contact person: Iñigo Irizar Arcelus
E-mail: [email protected]
Sp
ain
Spain
133
BANG - Business Angels
Galicia Address:
Praza Das Damas 1
32005 Ourense
Spain
Contact person: Maria Fernandez
E-mail: [email protected]
Phone: +34 988391110
Fax: +34 988391957 www.bang.es
Sp
ain
Sweden
134
Sw
ed
en
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
135
Sw
ed
en
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
136
Sw
ed
en
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
SVCA – Swedish Venture Capital
Association Address: Grev Turegatan 18
114 46 Stockholm
Contact person:
Marie Reinius, Managing Director
E-mail: [email protected]
Phone: + 46 8 678 30 90
Fax: + 46 8 678 40 90
Web site: www.svca.se
Contact details
Tillväxtverket
Address:
Götgatan 74
118 26 Stockholm
Contact person:
Karin Östberg
E-mail: [email protected]
Phone: +46 8 681 66 20
Fax: +46 8 744 4045
Web site: www.svca.se
Sweden
137
STING Business Angels
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
Address:
Growhouse, Isafjordsgatan 39 B
164 40 Kista
Sweden
Contact person: Maria Nilsson
E-mail:
Phone: +46 708 36 22 31
www.stockholminnovation.com
Sw
ed
en
Sweden
138
STING Business Angels
Sectors of investment in 2010 according to the number of deals (left)
and according to total amount invested (right)
Sw
ed
en
Location of the investees
31% 15%
31% 23%
ICT
Mobile, including software and service applications
Health Care/ MedTech
Environment and Cleantech 49%
13%
9% 29%
In the region
where the network is
located 100%
Sweden
139
ALMIBAN (ALMI
Stockholm BAN)
Address:
ALMI Företagspartner Stockholm
Sörmland AB
ALMI Ekonomiservice
Box 190
831 22 Östersund
E-mail:
www.almi.se
Sw
ed
en
Switzerland
140
Sw
itze
rlan
d
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
141
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.
Sw
itze
rlan
d
Contact details
BrainsToVentures AG
Blumenaustr. 36
9004 St. Gallen
Switzerland
Contact person:
Florian Schweitzer
E-mail: [email protected]
Switzerland
142
Go Beyond
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
Address:
Technoparkstrasse 1
8005 Zurich, Switzerland
or
167 Merchant Street
VLT1174 Valetta, Malta
Contact person: Brigitte Baumann,
Founder and CEO
E-mail: [email protected] www.go-beyond.biz
Sw
itze
rlan
d
Switzerland
143
Go Beyond
Sectors of investment in 2010 according to the number of deals (left)
and according to total amount invested (right)
Sw
itze
rlan
d
Location of the investees
33%
16%
17%
17%
17% ICT
Creative Industries
Health Care/ MedTech
Environment and Cleantech
Manufacturing 45%
17%
24% Energy
7%
7%
80%
20%
In the same country, but not in the same region
Outside of the country but inside Europe
Turkey
144
Lab-X
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
Address:
28 Meydan Sokak
Beybi Giz Plaza 9-32
34398 Maslak – Istanbul
Turkey
Contact person: Fuat Sami
E-mail: [email protected]
Phone: +90 212 290 36 40
Fax: +90 212 290 36 46
www.lab-x.org
Tu
rkey
Turkey
145
Lab-X
Sectors of investment in 2010 according to the number of deals and
according to total amount invested
Tu
rkey
Location of the investees
50%
50%
ICT
Retail and Distribution
In the same country, but
not in the same region
100%
Turkey
146
Galata Business Angels
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
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
Tu
rkey
Turkey
147
Galata Business Angels
Sectors of investment in 2010 according to the number of deals and
according to total amount invested
Tu
rkey
Location of the investees
ICT 100%
Outside of the country but inside
Europe 100%
Turkey
148
Metutech-BAN
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
Address: OSTIM ODTU Teknokent Uzaycagi Cad. No:6
Zemin Kat No:10 OSTIM
06531 Ankara
Contact person: Tolga Ozbolat
E-mail: [email protected]
Phone: +90 312 210 6400/132
Fax: +90 312 210 6403 www.metutech.metu.edu.tr
Tu
rkey
United Kingdom
149
UK
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
United Kingdom
150
Statistics
2004* 2005 2006 2007 2008 2009
Number of BANs
in SECA 34 33 22** 24** 24
Number of
Business Angels
3297**
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
association 1 (BBAA) 1 (BBAA) 1 (BBAA)
1
(BBAA)
1
(BBAA)
1
(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.
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]
Web site: www.bbaa.org.uk
UK
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.
United Kingdom
151
Finance South East Ltd
Quick facts
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
Address:
Riverside House
4 Meadows Business Park
Station Approach
Blackwater, Camberley
Surrey GU17 9AB
United Kingdom
Contact person: Paul Delahunty
E-mail: [email protected]
Phone: +44 1276 608510
Fax: +44 1276 608539
www.financesoutheast.co.uk
UK
United Kingdom
152
Finance South East Ltd
Sectors of investment in 2010 according to the number of deals (left)
and according to total amount invested (right)
UK
Location of the investees
51%
14%
35%
60%
20%
20%
ICT
Energy
Retail and Distribution
In the region where the network is
located 100
United Kingdom
153
North-West Business
Angels
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
Address:
Northwest Development Agency
Renaissance House
PO Box 37 Centre Park
Warrington WA1 1XB
United Kingdom
Contact person: Gary Pennington
E-mail: [email protected]
Phone: +44 1925 400 301
www.nwbusinessangels.co.uk
UK
United Kingdom
154
North-West Business
Angels
Sectors of investment in 2010 according to the number of deals (left)
and according to total amount invested (right)
UK
Location of the investees
40%
13%
47%
33%
22%
45%
ICT
Creative Industries
Manufacturing
In the region where the network is
located 100%
United Kingdom
155
Halo - the Northern
Ireland Business Angel
Network
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
Address:
Northern Ireland Science Park
The Innovation Centre
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
UK
United Kingdom
156
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)
UK
Location of the investees
14%
38%
9%
3% 17%
19%
26%
12%
26%
12% 12%
12%
ICT
Mobile, including software and service applications
Creative Industries
Energy
Environment and Cleantech
Other
In the region where the network is
located 100%
United Kingdom
157
LINC Scotland
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
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
Fax: +44 141 221 32 44 www.lincscot.co.uk
UK
United Kingdom
158
LINC Scotland
Sectors of investment in 2010 according to the number of deals (left)
and according to total amount invested (right)
UK
Location of the investees
45%
4%
23%
13% 3%
4%
7%
1%
25%
5%
27%
13%
2% 6%
19%
3%
ICT
Creative Industries
Biotech and Life sciences
Health Care/ MedTech
Energy
Environment and Cleantech
Manufacturing
Other
In the region where the network is
located 100%
United Kingdom
159
London Business Angels
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
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
Fax: +44 20 7403 1742 www.lbangels.co.uk
UK
United Kingdom
160
SWAIN – South West
Angel and Investor
Network
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
Address:
510 Bristol Business Park
Coldharbour Lane
Bristol BS16 1EJ
United Kingdom
Contact person: Jenny Colley
E-mail: [email protected]
Phone: +44 08700 60 65 60 www.swain.org.uk
UK
Chiara de Caro
General Manager T: (+32)2.626.2061
F: (+32)2.626.2069
M: (+32)477.382539
EBAN
Contacts Luis Galveias
Project Manager T: (+32)2.626.2060
F: (+32)2.626.2069
M: (+352)661.245913
EBAN - The European Trade Association for Business Angels, Seed Funds, and other Early Stage Market Players
Rue Vautier 54 | 1050 Brussels | Belgium
www.eban.org
Alicia Gómez Campos
Office & Membership
Manager T: (+32)2.626.2062
F: (+32)2.626.2069
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