Business Angel Investment

How BA Investment [may] enable innovative enterprises

Agenda

• Business Angel defined• Place in the investment process• Business Angel Networks• Market statistics• Market trends• Conclusion

Business Angel defined

What?

Where?

Why?

For what?

Where to position BAs

So...

…of which

…and...

…for finally

Business Angel Networks

Market Statistics

EBAN Membership

[BANs]

In 2009 [EBAN Statistics Compendium]

0

20

40

60

80

100

120

2004 2005 2006 2007 2008 2009 2010

Market Statistics [ctd]

In 2009 [EBAN Statistics Compendium]

Membership breakdown

27%

38%

13%

13%9%

Family Office

Early Stage and VC Funds

Other

Grant Institutions

Intermediaires

Market Statistics [Investments]

In 2009 [EBAN Statistics Compendium]

Investment Sectors

14%

24%

18%5%4%11%

10%

9%14%

Other ICT SoftwareBiotech Creative Industries Green Tech

Retail and Services Health Manufacturing

Market Statistics [Investments ctd]

In 2009 [EBAN Statistics Compendium]

2.834 (circa 16%) investing Angels1.063 investments done

EUR 219mio in totalEUR 206k per deal

Market Trends

• Increasing size of deals but decreasing number• More small individual investments• Investing increasingly in syndicates• Crossborder Investments• But limited to reachable geographical region

Conclusion

• Business Angels are an important addition to available European sources of finance

• Business Angels bring sector specific expertise to the table

• European market is growing - some countries already very well-developed

• National & European-level trade associations can help enhance the market – lobbying, encourage best practice etc.

• Angel Networks can add further value by providing investor / investee readiness support, facilitation of syndication etc. but also dissemination activities.

...positive end note

Steve GLANGE

Board Member

EBAN [www.eban.org; info@eban.org]

LBAN [www.lban.lu; info@lban.lu]