Business Angel Investment How BA Investment [may] enable innovative enterprises

1. Business Angel Investment
How BA Investment [may] enable
innovative enterprises

2. Agenda
• Business Angel defined
• Place in the investment process
• Business Angel Networks
• Market statistics
• Market trends
• Conclusion

4. Business Angel defined

5. What?

6. Where?

7. Why?

8. For what?

9. Where to position BAs

10. So...

11. …of which

12. …and...

13. …for finally

14. Business Angel Networks

15. Market Statistics
120
100
80
EBAN
Membership
[BANs] 60
40
20
0
2004 2005 2006 2007 2008 2009 2010
In 2009 [EBAN Statistics
Compendium]

16. Market Statistics [ctd]
Membership breakdown
9%
27%
13%
13%
38%
Family Office
Early Stage and VC Funds
Other
Grant Institutions
Intermediaires
In 2009 [EBAN Statistics
Compendium]

17. Market Statistics [Investments]
Investment Sectors
14% 14%
9%
24%
10%
11%
4% 5% 18%
Other ICT Software
Biotech Creative Industries Green Tech
Retail and Services Health Manufacturing
In 2009 [EBAN Statistics
Compendium]

18. Market Statistics [Investments ctd]
In 2009 [EBAN Statistics
Compendium]
2.834 (circa 16%) investing Angels
1.063 investments done
EUR 219mio in total
EUR 206k per deal

19. 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

20. 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.

21. ...positive end note

22. Steve GLANGE
Board Member
EBAN [www.eban.org; info@eban.org]
LBAN [www.lban.lu; info@lban.lu]