EUROPEAN BUSINESS ANGEL NETWORK EUROPEAN ... - Idepa

EUROPEAN BUSINESS ANGEL NETWORK - Directory of Network 2005
Solent Investment Opportunity Network (SION)
Contact person Arthur Monks, Director
Contact details Portsmouth Technopole
Kingston Crescent
Portsmouth
Hants. PO2 8FA
T: +44 2392 658 268
F: +44 870 127 5790
E: amonks@sion.org.uk
W: www.sion.org.uk
Date of creation
2003
Number of employees
1 (part time)
Type of network
South Coast Investors
Legal status of the BAN
Company Limited by Guarantee,
Hosting organisation
Formal partner organisations
Funding sources:
Solent Angels Ltd
2005
Grant Thornton, Blake Lapthorn Linnell, Univ
Of Portsmouth
2003 2004 2005
Number of Business Angels 25 40 50
Number of projects
Number of deals made 4 3 n/a
Average amount of the deal £65k £75k n/a
Matching services of the network:
• Firms from any location/Sector
• Private Investors targeted in the Solent region
• Corporate investors welcome
• Quarterly Presentation Events
• Ad Hoc arrangements between events
• Online investor self certification included in subscription.
• Strictly registered investors only at events.
How are clients acquired?
• Word of mouth
• Web searches www.sion.org.uk
• Enterprise Hubs & Universities in South
Fees:
o Firms Review Process fee: £250
o Firms success fee: £1000 + 5%
o Annual fees for Private Investors: £100
o Annual fees for Corporate Investors £500
Estimate of the number of jobs created as a result of the network activity over the last 3
years: 20
Success story: n/a
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