EUROPEAN BUSINESS ANGEL NETWORK EUROPEAN ... - Idepa

1. Background
EUROPEAN BUSINESS ANGEL NETWORK - Directory of Network 2005
SPAIN
2005
A number of Spanish regions including Navarra, Catalunya, Valencia, Madrid, Andalusia and
Castilla y Leon have expressed an interest in setting up regional BANs since 1997-1998. As
per today, the majority of business angel networks identified in Spain operate in Catalunya.
CIDEM BAN, the main BAN in Spain and established in Catalunya, will no longer offer its
services to entrepreneurs and business angels and will refocus its positioning to become a
network of networks in Catalunya.
CIDEM has implemented a policy with the aim of creating and developing business angel
networks in Catalunya. Currently, 11 BANs are under the CIDEM’s umbrella. CIDEM also
carries out other initiatives related to business angels such as guides to informal investment,
monthly meetings, business angels academies and investment forums.
2. Statistics
2000 2001 2002 2003 2004
Number of BANs 1 1 2 4 20
Number of Business
Angels
(11 in Catalunya)
58 65 93 180 356 (other catalan BANs) +
176 (CIDEM BAN) + 48 (other Spanish
networks)
Number of deals 3 8 10 24 8 (other catalan BANs) +
32 (CIDEM BAN) + 3 (other Spanish
Number of accredited
projects
networks)
88 171 190 247 216 (other catalan BANs) +
424 (CIDEM BAN) + 86 (other Spanish
networks)
- - - - 2
Number of commercial
BANs
Number of non-commercial 1 1 2 4 9 (Catalunya) +
BANs
9 (other Spanish networks)
Number of national BANs 0 0 0 0 5 (other catalan BANs)
Number of regional BANs 1 1 2 4 6 (Catalan BANs)
+ 9 other Spanish members
National association 0 0 0 0 2 (CIDEM and ESBAN)
Note: The information displayed is the one collected from the networks – therefore all
categories represent the minimum number as we are lacking some information.
Two BA Schools, organized by CIDEM, have taken place in 2004 with 90 attendants.
In December, the CIDEM BAN organized the 10 th Venture Capital Forum as an act of the
Innovation Week. 12 entrepreneurs/managers presented their ideas/firms in order to raise
funds besides contacting futures employees, raising brand awareness and fostering their
networking opportunities. A book with information about 90 projects was also edited. Near to
300 investors attended the event.
3. BAN legal status
130