EUROPEAN BUSINESS ANGEL NETWORK EUROPEAN ... - Idepa

EUROPEAN BUSINESS ANGEL NETWORK EUROPEAN ... - Idepa EUROPEAN BUSINESS ANGEL NETWORK EUROPEAN ... - Idepa

23.02.2013 Views

1. Background EUROPEAN BUSINESS ANGEL NETWORK - Directory of Network 2005 FINLAND 2005 BA activities Finland emerged as organised structures in 1996 under the leadership of SITRA, a formal seed and venture capital fund. SITRA is a nation wide organisation. For the first 5 years the activity was more based on the private activities of BAs on a database basis. The concept was restructured in 2001: the new concept of pre-seed finance was launched in May 2001, including two major instruments: LIKSA and INTRO. LIKSA is a programme for professional completion of business plans, arranged by SITRA and Tekes. INTRO is a marketplace for business angels and other venture capitalists to meet technology companies in the start-up or restructuring phase. This well functioning platform has shown, that far too many investments fail due to start-ups’ lack of marketing & sales professionalism. As an answer to this, since the beginning of this year, INTRO also offers a channel (DIILI) for marketing & sales professionals to look for a new ‘entrepreneurial’ career in companies presented at the INTRO marketplace. 2. Statistics 1996 1997 1998 1999 2000 2001 2002 2003 2004 Mid 2005 Number of BANs (1) (1) (1) (1) (1) (1) 1 1 1 1 Number Angels of Business - 90 207 253 284 Number of deals - 12 10 12 7 Number projects of accredited - 35 52 41 21 Number of commercial - 1 0 0 0 BANs Number of national BANs - 0 0 0 0 Number of regional BANs - - - - - National association - 1 1 1 1 (1)During the period 1997-2001, the BA activities of SITRA can be presented as follows: • BA: between 60 and 150 • n. of deals: between 8 and 12 per year • n. of accredited projects: between 60 and 100 3. BAN legal status INTRO is an initiative started by SITRA, involved in private investors’ venture capital activities, with a clear vision to empower public/private partnerships. 4. EBAN members SITRA 37

EUROPEAN BUSINESS ANGEL NETWORK - Directory of Network 2005 SITRA Finnish National Fund for Research and Development 2005 M Contact person Tuula LAITINEN Contact details Itämerentori 2 FI-00180 Helsinki Finland T: +358 9 6189-9429 / +358 9 618 991 F: +358 9 6189 9277 E: tuula.laitinen@sitra.fi W: www.sitra.fi/preseed Type of Network National network Date of creation 2001 (Initial start 1996 as Sitra Matchingservice) Number of Employees 7 Legal status Part of SITRA Hosting organisation SITRA Formal partner organisations TEKES, National Technology Agency, for LIKSA programme (development of professional business plans). Funding sources: Number of projects submitted Number of Business angels Number of deals made 100% Public/National Funds 1996 1997 1998 1999 2000 2001 2002 2003 2004 Mid 2005 20 60 80 100 100 35 52 41 21 Reorganisation 20 60 80 130 140 of 90 207 253 284 2 8 8 10 12 activities 12 10 12 7 300 250 200 150 100 50 0 1996 1998 2000 2002 38 2004 Projects Angels Deals

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

SITRA<br />

Finnish National Fund for Research and Development<br />

2005 M<br />

Contact person Tuula LAITINEN<br />

Contact details Itämerentori 2<br />

FI-00180 Helsinki<br />

Finland<br />

T: +358 9 6189-9429 / +358 9 618 991<br />

F: +358 9 6189 9277<br />

E: tuula.laitinen@sitra.fi<br />

W: www.sitra.fi/preseed<br />

Type of Network National network<br />

Date of creation 2001 (Initial start 1996 as Sitra Matchingservice)<br />

Number of Employees 7<br />

Legal status Part of SITRA<br />

Hosting organisation SITRA<br />

Formal partner organisations TEKES, National Technology Agency, for<br />

LIKSA programme (development of<br />

professional business plans).<br />

Funding sources:<br />

Number of<br />

projects<br />

submitted<br />

Number of<br />

Business angels<br />

Number of deals<br />

made<br />

100%<br />

Public/National<br />

Funds<br />

1996 1997 1998 1999 2000 2001 2002 2003 2004 Mid<br />

2005<br />

20 60 80 100 100<br />

35 52 41 21<br />

Reorganisation<br />

20 60 80 130 140 of 90 207 253 284<br />

2 8 8 10 12 activities 12 10 12 7<br />

300<br />

250<br />

200<br />

150<br />

100<br />

50<br />

0<br />

1996<br />

1998<br />

2000<br />

2002<br />

38<br />

2004<br />

Projects<br />

Angels<br />

Deals

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