1. Life Sciences Starters
“The Financial Challenge”
Pieter Rhemrev – PPM Oost
February 26, 2015

2. The Challenge

3. The financial challenge
• Why?
• Subject of today!

4. Agenda
1. Brief introduction of PPM Oost NV
2. The main subject: The financial Challenge
3. Lessons Learned
4. Questions & Summary

5. Introduction PPM Oost
• Regional venture capital fund
• Private fund, Public funding
• Public shareholders
• Revolving fund
• Matching fund
• Minority interest
• Standard VC conditions & terms
• Active shareholder
• Positive impact on regional
economy
• Market returns (exit driven)
• Maximum € 2,5 mio

6. Shareholders

7. Our motivation

8. Funds

9. Facts & figures portfolio PPM Oost

10. Figures Life Sciences & Health

11. Portfolio

12. Portfolio LS&H

13. Agenda
1. Brief introduction of PPM Oost NV
2. The main subject: The financial Challenge
3. Lessons Learned
4. Questions & Summary

14. The Financial Challenge
Entrepreneurs view:
• Enough funds available
• Good proposition
• Successful/profitable
• Success rate 5%-10%
Investors view:
• Many fail (20/80 rule)
• Difficult to make a positive ROI
Conclusion:
• No science/formula
• People's business

15. The Financial Challenge
each phase of life cycle has its own source
Vouchers
RedMedtech Discovery Fund
Gelderland voor Innovaties
Vroege fase financiering (Rvo)
I.K.
Informals/business angels
PPM Oost Funds
Family /own capital ------------------

16. Bridge the challenge
Characteristics LS&H
• Capital intensive
• Long time to market
• Severe regulations
• Cost pressure
• High risk
Answers
• Good BP
• Second Opinion
• Experience
• Knowledge of the risks

18. Bridge the Challenge
• People’s business
• Confidence
• Match
• Understanding
• Many meetings investors
• Meetings experts
• Improve BP
• Positive drive/attitude

19. Agenda
1. Brief introduction of PPM Oost NV
2. The main subject: The financial Challenge
3. Lessons Learned
4. Questions & Summary

20. Lessons learned
• More time
• More money
• Too optimistic/ Not
realistic
• No knowledge
• Find investor who
understand the business
• Deep pockets
• Scenario’s
• Knowledge

21. Agenda
1. Brief introduction of PPM Oost NV
2. The main subject: The financial Challenge
3. Lessons Learned
4. Questions & Summary

22. Financing is people's business

23. Thank you for your attention