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EUROPEAN BUSINESS ANGEL NETWORK EUROPEAN ... - Idepa

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<strong>EUROPEAN</strong> <strong>BUSINESS</strong> <strong>ANGEL</strong> <strong>NETWORK</strong> - Directory of Network 2005<br />

CONNECT VAST<br />

Contact person Björn Sjöholm<br />

Contact details Stena Center 1 A; 412 92<br />

Gothenburg; Sweden<br />

E: bs@connectvast.se<br />

W: www.connectvast.se<br />

Type of network Regional<br />

Date of creation 2000-01<br />

Number of Employees 1<br />

Legal status Filial<br />

Hosting organisation: Connect Väst AB<br />

Funding Sources:<br />

Sponsors: Connect Väst, NUTEK.<br />

2005<br />

2003 2004<br />

Number of projects submitted 32 145<br />

Number of Angels 75 101<br />

Number of deals made 5 23<br />

Average amount of the deal – Swedish Kronor 2.600.000 2.500.000<br />

160<br />

140<br />

120<br />

100<br />

80<br />

60<br />

40<br />

20<br />

0<br />

2003 2004<br />

Projects<br />

Angels<br />

Deals<br />

Matching services of the network:<br />

• Database of contacts<br />

• Meetings<br />

• Investment forums and fairs<br />

• Internet<br />

• Specific service for business angels investing in high-technologies<br />

How are clients acquired?<br />

• Event and information fairs<br />

• Targeted publicity<br />

• Articles in the regional or national press<br />

• Cooperation agreements with local banking, financial or fiduciary institutions<br />

Fees:<br />

o No fees charged to entrepreneurs or business angels.<br />

Estimate of the number of jobs created as a result of the network activity over the last 3<br />

years: n/a<br />

Success story: n/a<br />

158

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