EUROPEAN BUSINESS ANGEL NETWORK EUROPEAN ... - Idepa

EUROPEAN BUSINESS ANGEL NETWORK - Directory of Network 2005
Summary of BAN North West activity in 2004
The Ban North West received 165 business ideas in the whole 2004.
The main channels used were the IBAN web site and the promotion of its activity in Italian
financial conventions and events.
As for the business ideas screening process:
� 54 ideas (about the 33%) have been positively evaluated and they went on requiring
the complete Business Plan;
� 99 ideas (about the 60%) have been negatively evaluated or regarded not good for VC
investment;
� for 12 ideas instead the analysis was not possible for the few information provided.
99
PROJECTS 2004
12
positive evaluation negative evaluation impossible evaluation
Between the 49 business ideas, the BAN received 28 Business Plans which have been
carefully analysed to verify the economic financial and market project feasibility. Then 11
Business Plans were positively evaluated and they were spread through the newsletter
channel between the panel of Business Angel.
The BAN North West published 3 newsletter during the whole 2004 in the following months:
March, May and October: each newsletter contained three selected project summaries.
The sectoral overview of all 2004 projects can be summarized as follow: ICT 33%,
commercial initiatives 12%, services 21%, Industrial projects 11%, food production 4%,
editorial projects 2%, environment 2% and other sectors 17%.
109
54