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Business Angel InvestmentHow BA Investment [may] enableinnovative enterprises
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Business Angel Investment
How BA Investment [may] enable innovative enterprises
Agenda
• Business Angel defined• Place in the investment process• Business Angel Networks• Market statistics• Market trends• Conclusion
Business Angel defined
What?
Where?
Why?
For what?
Where to position BAs
So...
…of which
…and...
…for finally
Business Angel Networks
Market Statistics
EBAN Membership
[BANs]
In 2009 [EBAN Statistics Compendium]
0
20
40
60
80
100
120
2004 2005 2006 2007 2008 2009 2010
Market Statistics [ctd]
In 2009 [EBAN Statistics Compendium]
Membership breakdown
27%
38%
13%
13%9%
Family Office
Early Stage and VC Funds
Other
Grant Institutions
Intermediaires
Market Statistics [Investments]
In 2009 [EBAN Statistics Compendium]
Investment Sectors
14%
24%
18%5%4%11%
10%
9%14%
Other ICT SoftwareBiotech Creative Industries Green Tech
Retail and Services Health Manufacturing
Market Statistics [Investments ctd]
In 2009 [EBAN Statistics Compendium]
2.834 (circa 16%) investing Angels1.063 investments done
EUR 219mio in totalEUR 206k per deal
Market Trends
• Increasing size of deals but decreasing number• More small individual investments• Investing increasingly in syndicates• Crossborder Investments• But limited to reachable geographical region
Conclusion
• Business Angels are an important addition to available European sources of finance
• Business Angels bring sector specific expertise to the table
• European market is growing - some countries already very well-developed
• National & European-level trade associations can help enhance the market – lobbying, encourage best practice etc.
• Angel Networks can add further value by providing investor / investee readiness support, facilitation of syndication etc. but also dissemination activities.
...positive end note
Steve GLANGE
Board Member
EBAN [www.eban.org; [email protected]]
LBAN [www.lban.lu; [email protected]]