EUROPEAN BUSINESS ANGEL NETWORK EUROPEAN ... - Idepa

EUROPEAN BUSINESS ANGEL NETWORK - Directory of Network 2005
In general the founding sources come from fees (entrepreneurs and angels), regional funds
and local sponsors (especially banks).
5. National association
IBAN was set up in 1999 for the purpose of stimulating the development of activities in the field
of informal venture capital in Italy and to raise the awareness of administrative authorities as to
the environment in which such activities could flourish. Furthermore, IBAN has established
privileged relations with the banking sector and the venture capital sector (IBAN is member of
AIFI - Italian Association of Institutional Investor in Risk Capital).
IBAN has also adopted a code of conduct that clarifies the rights and duties of BANs.
IBAN has established cooperation with most important Italian banks, financial institutions,
regional Institutions and the national accountants association.
6. Lobbying
In order to create a legal and fiscal framework more appropriate to develop the private informal
investors, IBAN has established a dialogue with the relevant Italian Ministries with a view to
clarifying the legal status of BANs with regard to several existing statutes. In October 2000,
IBAN submitted to the Italian Ministries attention a law proposal concerning the tax status of
the business angels investment activities. Other documents were presented in 2003 and in the
end of 2004.
7. Dissemination of the BAN concept
The economic daily Il Sole 24ore and Italia Oggi; the weekly Milano Finanza and Il Mondo
Economico, newspapers and magazines have published several feature articles on IBAN,
BAN and BA activities.
8. Regional Bans in Italy
BANs are fully connected to IBAN. All the BANs are managed following the IBAN code of
conduct.
FIGURES (2004)
Projects Number of Deals Average amount in
submitted Angels Made
Euros
LAZIO 57 15 0 0
NORD OVEST 156 125 1 20.000
TOSCANA n/a n/a n/a
LOMBARDIA 80 9 0
PUGLIA 0 0 0
UMBRIA 36 n/a n/a n/a
SARDEGNA 4 3 0 0
BOLOGNA 16 14 1 50.000
CALABRIA 0 0 0
CAMPANIA 0 0 0
FRIULI 5 43 1 5.000
CLUB MILANO 83 10 9 136.700
TOTAL 437 219 12 108.775€
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