An Outlook of the Chilean Venture Capital Industry

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "An Outlook of the Chilean Venture Capital Industry"

Transcription

1 An Outlook of the Chilean Venture Capital Industry Rodrigo Castro Chairman Chilean Venture Capital Association Chile Day 2017 London UK

2 Content 1 What is Venture Capital? 2 Venture Capital Timeline in Chile 3 General Overview of the Venture Capital Industry in Chile 4 Venture Capital in Latam 5 The Role of Chilean Venture Capital Association

3 1 What is Venture Capital? What do we understand by Venture Capital? Investment Focus o Venture Capital (VC) Funds, usually invest in young companies with businesses at early stages development. o The VC industry starts around the 60 s in the US, but is not until the 80 s that gets an estimated size of $750 million. o The industry targets accelerated growth of young companies with exits in around 2 to 7 years. o VC funds not only provide capital but also a high level network actively participating in every business it invests (smart money). Deal Size High Private Equity/Bank Debt Bank Debt Hedge Funds Venture Capital Low Risk High Business Development Process Universities Incubators Research Start-up Development Scalability Seed Capital Angels Venture Capital Project/Asset Finance Acquisition Finance/Private Equity/IPO VC funds are usually structured for a 10 year period. Either in the Startup or the Development stages.

4 2 Venture Capital History in Chile Main Milestones o The VC Industry in Chile has aggressively expanded during the last 4 years primarily because of the various incentives the Chilean government (CORFO) has granted to the industry since 1997, and has achieved $350 million assets under management. o It s not until 2010 that the industry jumps into something real with the re-design of the Incentive Programs (Matching Credit Lines) and the creation of Start-up Chile, known as a world class incubator/accelerator program for entrepreneurs around the world. o Most of its investments have been deployed in the later development stages of a company which has closely related to a more Private Equity approach rather than a Venture Capital one Acelerator Support. New Earrly Stage Line (FTT Line) 2011 Fenix Program 2012 Early Stages Incentive Program (FT line) 2006 Incentive Program Investment Funds Risk Capital (F3 Line) 2005 Incentive Program Investment Funds Risk Capital (F2 Line) 1997 Incentive Program Investment Funds (F1 Line) 2008 Directive Investment Investment Funds (K1 Line) 2010 Re-design of the incentive programs. Start up Chile was launched Source: Corfo

5 3 General Overview of the VC Industry in Chile General Overview o VC industry accounts for 15 funds funded between 2005 and 2015, and with an average equity size of $24 million, while the figure in the US is $135 MM. o The average ticket invested is nearly $1.58 million, where almost 70% of the tickets are over $500,000 o An average portfolio of 8 companies and CORFO financial leverage is 2:1. Number of Funds by type of investment 8 Funds by average investment 52% 34% 37% % 20% 27% Seed < $500K Source: Corfo Early Stage < $3 million Expansion < $15 million Growth < $20 million 0 2% 0% Seed Early Stage Expansion Growth USA Chile

6 3 General Overview of the VC Industry in Chile General Overview Structure o Main stakeholders involve in structuring and management of a VC: Private Investors (LPs) General Partners (GPs) CORFO Deal Flow o The fund must be administrated by a registered and approved Manager which will invest in the Startups and Early Stage companies using instruments such as: share purchase agreements, convertible notes, warrants or other instruments alike. Private Capital (LPs) VC Fund Corfo (quasicapital) Investments and startups VC backed GP (Fund Manager) 4,0 35 Average ticket ($ million) 3,0 2,0 1,0 0, # Startups Company I Company II Company III Source: Corfo Average Ticket (MM$) # Startups

7 4 Venture Capital Industry in LatAm LAVCA Scorecard Regiional Rank Country Score (1-100) VC (% GDP) 1 Chile 74 0,336 2 Brazil 72 0,195 3 Mexico 65 0,102 4 Colombia 60 0,176 5 Costa Rica 56 0,098 6 Uruguay 54 0,000 7 Panama 50 0,000 8 Peru 49 0,066 9 Jamaica 46 0, Dominican Republic 42 0, Argentina 40 0,028 Entrepreneurship Ecosystem o Highest level of adult population that declares themselves as entrepreneurs (34,1% of the population between years old) o 13,6% of the adult population owns an SME that is generating 20 or more job positions. o According to the TEA Index, entrepreneur activity going from 11,1 in 2005, to 25,9 in Macro Drivers q Laws on VC/PE q Tax Treatment q Protection of minority shareholders rights q Restrictions on institutional investors q Protection on intelectual property q Capital Markets development q Judicial System q Perceived Corruption q Entrepreneurship Source: LAVCA Scorecard Report.

8 5 The role of ACVC Investments (in $ millions) CAGR 43% ( ) E 2018E 2019E 2020E 2021E 2022E Strategies o Outreach: communicate the positive role of VC industry in the Chilean economy, aid understanding around the activities of our members, promote our industry to local and international entrepreneurs and investors, Government, media and civil society. o Best Practices: provide market intelligence, technical updates and specialist training. o Public Policies: influence in public policy decisions (tax, financial, governance). Potential Outcomes o Capital deployments of $100 million/year, focused mainly in Pre Series A or Series A ($ $3 million) o Increase numbers and quality of GPs and VC Funds (international compliance standards) o Exit strategies have to be done abroad in order to improve the likelihood of success (boost multiples). o Chilean VC internationalization (fundraising, scouting, scale up, and exits).

Dr. Thierry de Saint Pierre Deputy Head Precompetitive Innovation 13. Oktober 2010, 1/29

Dr. Thierry de Saint Pierre Deputy Head Precompetitive Innovation 13. Oktober 2010, 1/29 GROWTH THROUGH INNOVATION AND ENTREPRENEURSHIP: THE CHALLENGE FOR CHILE WWW.CORFO.CL Dr. Thierry de Saint Pierre Deputy Head Precompetitive Innovation tdsp@corfo.cl 13. Oktober 2010, 1/29 GENERAL INDEX

More information

Start-up Latin America Promoting Innovation in the Region

Start-up Latin America Promoting Innovation in the Region Start-up Latin America Promoting Innovation in the Region The OECD Development Centre Annalisa Primi Economist, OECD Development Centre annalisa.primi@oecd.org Buenos Aires, October 7 th, 2013 Summary

More information

Terms of Reference (ToR) Jordan Innovative Startups and SMEs Fund (ISSF Company) Manager

Terms of Reference (ToR) Jordan Innovative Startups and SMEs Fund (ISSF Company) Manager Terms of Reference (ToR) Jordan Innovative Startups and SMEs Fund (ISSF Company) Manager I. ASSIGNMENT BACKGROUND 1. The Innovative Startups Fund Company (ISSF Company) aims to increase early stage equity

More information

DIGITAL MADE IN ITALY

DIGITAL MADE IN ITALY DIGITAL MADE IN ITALY The leading innovation hub European Mid Small Cap Forum Alberto Fioravanti, Digital Magics Founder and Executive Chairman Alessandro Malacart, Digital Magics Managing Director Corporate

More information

Social and economic performance of French digital business start-up. Barometer 2015

Social and economic performance of French digital business start-up. Barometer 2015 Social and economic performance of French digital business start-up Summary 1. Methodology 2. Executive summary 3. Key figures 3.1 Revenues 3.2 Fund raising 3.3 Innovation support 3.4 People 3.5 Value-sharing

More information

Access to finance for innovative SMEs

Access to finance for innovative SMEs A policy brief from the Policy Learning Platform on SME competitiveness July 2017 Access to finance for innovative SMEs Policy Learning Platform on SME competitiveness Introduction Entrepreneurship is

More information

00 Telefónica in Telefónica is a world leader in the telecommunications sector, with over 154 million accesses and presence in 19 countries

00 Telefónica in Telefónica is a world leader in the telecommunications sector, with over 154 million accesses and presence in 19 countries is a world leader in the telecommunications sector, with over 154 million and presence in 19 countries, S.A. Corporate Responsibility Report 2005 Contents Letter from the chairman 4, motor de progreso

More information

Telefónica vision around EU Industrial Policies

Telefónica vision around EU Industrial Policies Telefónica vision around EU Industrial Policies 20-21 October, 2011 Telefónica S.A. Telefónica, S.A. 0 Contents 01 Telco sector contribution to the economic development 02 Sector challenges for the future

More information

European Investment Fund: Venture Capital Financing in Bulgaria

European Investment Fund: Venture Capital Financing in Bulgaria European Investment Fund: Venture Capital Financing in Bulgaria 21 st June 2017 Hristo Stoyanov, Regional Business Development - CEE EIF with crucial role in supporting SMEs across Europe Resources Institutions

More information

Financial Support Business Start Ups and Growth Companies. September 2011

Financial Support Business Start Ups and Growth Companies. September 2011 Financial Support Business Start Ups and Growth Companies September 2011 1 1 2 Our Role Financial Support Agenda 3 Other Support 4 Access Support 2 Irish owned enterprise Policy analysis and advice Inward

More information

The 2012 Global Entrepreneurship and Development Index (GEDI): Perspectives from the Americas Zoltan J. Acs and Laszlo Szerb

The 2012 Global Entrepreneurship and Development Index (GEDI): Perspectives from the Americas Zoltan J. Acs and Laszlo Szerb 1 The 2012 Global Entrepreneurship and Development Index (GEDI): Perspectives from the Americas Zoltan J. Acs and Laszlo Szerb Sponsored by The Heritage Foundation and George Mason University January 5,

More information

China Startup Outlook Key insights from the Silicon Valley Bank Startup Outlook Survey

China Startup Outlook Key insights from the Silicon Valley Bank Startup Outlook Survey China Startup Outlook 2018 Key insights from the Silicon Valley Bank Startup Outlook Survey LETTER FROM SVB CEO CHINA STARTUP OUTLOOK 2018 2 Startups enter 2018 with confidence For the ninth year, Silicon

More information

U.S. Startup Outlook 2017

U.S. Startup Outlook 2017 U.S. Startup Outlook 2017 A SILICON VALLEY BANK SURVEY OF U.S. ENTREPRENEURS ABOUT BUSINESS CONDITIONS AND POLICY PRIORITIES @SVB_Financial #StartupOutlook Strength in the Innovation Sector Silicon Valley

More information

Startup Ecosystem Infrastructure

Startup Ecosystem Infrastructure Startup Ecosystem Infrastructure Who is it for? For organizations that are part of startup ecosystems Universities Advisory & mentoring organizations Incubators Accelerators Co-working spaces Service Providers

More information

Finance 4 Growth Sources of Finance

Finance 4 Growth Sources of Finance Finance 4 Growth Sources of Finance Donnchadh Cullinan 13 th June 2012 The Funding Journey Donnchadh Cullinan 13 th June 2012 The Funding Journey The Foundations: A well prepared business plan with milestones

More information

How Start-ups are Disrupting the World Economy? The Oasis500 Experience and Initial Results

How Start-ups are Disrupting the World Economy? The Oasis500 Experience and Initial Results How Start-ups are Disrupting the World Economy? The Oasis500 Experience and Initial Results Usama Fayyad, Chairman usama@oasis500.com Twitter: @usamaf @oasis_500 Training/HR manager: Dina AbuNuwar (Dina@oasis500.com)

More information

Thailand 4.0: SMEs in the Context of Thailand 4.0

Thailand 4.0: SMEs in the Context of Thailand 4.0 2016/SMEMM/010 Agenda Item: 3.1.2 Thailand 4.0: SMEs in the Context of Thailand 4.0 Purpose: Information Submitted by: Thailand 23 rd Small and Medium Enterprises Ministerial Meeting Lima, Peru 9 September

More information

SHASTA EDC BUSINESS PLAN

SHASTA EDC BUSINESS PLAN SHASTA EDC BUSINESS PLAN 2016-2017 TABLE OF CONTENTS Vision, Mission, Principles & Values 3 Responsibilities & Focus 4 Company Recruitment 5-7 Business Expansion & Retention 8 Entrepreneurial Development

More information

UNCTAD United Nations Conference on Trade and Development Investment and Enterprise Division

UNCTAD United Nations Conference on Trade and Development Investment and Enterprise Division UfM/OECD Expert Meeting Barcelona, Spain - 18 July 2011 UNCTAD United Nations Conference on Trade and Development Investment and Enterprise Division Tatiana Krylova Head, Enterprise Development Branch

More information

Table of Contents. Page1. Toronto Vancouver

Table of Contents. Page1.   Toronto Vancouver Table of Contents GENERAL ASPECTS... 2 ICT SECTOR... 3 FINTECH... 7 MINING AND ENERGY... 9 STARTUPS IN THEIR OWN WORDS...10 INFOGRAPHIC: Peruvian Startup Ecosystem...11 ABOUT GO SOUTH!...12 ABOUT LATAM

More information

Recipes for Creating Entrepreneurial Growth: It s more than the Ingredients

Recipes for Creating Entrepreneurial Growth: It s more than the Ingredients Recipes for Creating Entrepreneurial Growth: It s more than the Ingredients Yas Motoyama and Jason Wiens Ewing Marion Kauffman Foundation National Governor s Association May 8, 2015 www.kauffman.org Importance

More information

Starting Your Own Business: The Entrepreneurship Alternative

Starting Your Own Business: The Entrepreneurship Alternative Starting Your Own Business: The Entrepreneurship Alternative www.wileybusinessupdates.com Chapter Six Copyright 2015 John Wiley & Sons, Inc. Learning Objectives 2 1 2 Define entrepreneur Identify the different

More information

The Increasing Globalization of Asia Startups Outside China. Think Big. Start Smart. Scale Fast. Chris Burry, Founder and Co-CEO, USMAC April 2017

The Increasing Globalization of Asia Startups Outside China. Think Big. Start Smart. Scale Fast. Chris Burry, Founder and Co-CEO, USMAC April 2017 The Increasing Globalization of Asia Startups Outside China Chris Burry, Founder and Co-CEO, USMAC April 2017 Think Big. Start Smart. Scale Fast. Quick Introductions: Chris Burry ü An entrepreneur and

More information

AWS STARTUP TEAM DACH

AWS STARTUP TEAM DACH Berlin Love thy Startup AWS STARTUP TEAM DACH Mike Reiner (VCs & A&I - EMEA) reinermr@amazon.de @MikeReiner Sandra Schaedel (Startups) schaedel@amazon.de @SandraSchaedel Nikolas Woischnik (Startups) woischni@amazon.de

More information

Ontario s Entrepreneurship Network Strategy Review and Renewal AMO meeting Tuesday, February 19, 2013

Ontario s Entrepreneurship Network Strategy Review and Renewal AMO meeting Tuesday, February 19, 2013 Ontario s Entrepreneurship Network Strategy Review and Renewal AMO meeting Tuesday, February 19, 2013 Context for Action 2 Entrepreneurship and innovation are at the heart of the government s jobs and

More information

Google and A.T. Kearney s joint study on Indonesia s venture capital (VC) outlook

Google and A.T. Kearney s joint study on Indonesia s venture capital (VC) outlook Objectives 1. Highlight key global and regional (Asia) trends in VC investments 2. Review the VC investor and start-up landscape and growth in Indonesia 3. Showcase the VC investor confidence and outlook

More information

Seminar: Opportunities in Latin America. 31st May 2017 The Hague (The Netherlands) Draft agenda

Seminar: Opportunities in Latin America.  31st May 2017 The Hague (The Netherlands) Draft agenda Seminar: Opportunities in Latin America www.elannetwork.org 31st May 2017 The Hague (The Netherlands) Draft agenda This project is funded by the European UInion ELAN Network: European and Latin American

More information

Health Workforce Planning Techniques and the Policy Context International Health Workforce Collaborative 6 May 2013, Quebec City

Health Workforce Planning Techniques and the Policy Context International Health Workforce Collaborative 6 May 2013, Quebec City Health Workforce Planning Techniques and the Policy Context International Health Workforce Collaborative 6 May 2013, Quebec City Charles Godue Human Resources for Health Antigua & Barbuda Argentina Bahamas

More information

When & How to Raise Venture Capital

When & How to Raise Venture Capital When & How to Raise Venture Capital Frank Rimalovski Executive Director, Entrepreneurial Institute Managing Director, Innovation Venture Fund March 5, 2016 Topics u Types of venture investors u How does

More information

What is entrepreneurship?

What is entrepreneurship? What is entrepreneurship? Ethnie Miller Simpson, Miembro de la Asociación Caribeña de Pequeñas y Medianas Empresas (CASME) Cooperación Económica y Técnica Seminario Taller sobre Emprendimiento Hacia la

More information

UNCTAD United Nations Conference on Trade and Development Investment and Enterprise Division. Tatiana Krylova Head, Enterprise Development Branch

UNCTAD United Nations Conference on Trade and Development Investment and Enterprise Division. Tatiana Krylova Head, Enterprise Development Branch UNCTAD United Nations Conference on Trade and Development Investment and Enterprise Division Tatiana Krylova Head, Enterprise Development Branch UNCTAD www.unctad.org The United Nations Conference on Trade

More information

Ohio Third Frontier Program

Ohio Third Frontier Program Ohio Third Frontier Program Overview Created in 2002, the Ohio Third Frontier is an unprecedented commitment to create new technology-based products, companies, industries and jobs. In May, the Ohio Third

More information

Degree in Management of Business and Technology

Degree in Management of Business and Technology Degree in Management of Business and Technology Official University Degree Specializations: Digital Marketing Digital Entrepreneurship Digital Economy Sports Management 100% IN ENGLISH OR BILINGUAL ENG/SPA

More information

European Startup Monitor Country Report Greece

European Startup Monitor Country Report Greece European Startup Monitor Country Report Greece Alexis Komselis, Director, ALBA Hub for Entrepreneurship and Development ALBA Graduate Business School at The American College of Greece Main Findings of

More information

Single Market Forum 2016/ EU SMEs in Global Value Chains

Single Market Forum 2016/ EU SMEs in Global Value Chains Single Market Forum 2016/ 2017 EU SMEs in Global Value Chains CIP and AIDA Aveiro, Portugal, 24/01/2017 Victoria PETROVA, Advisor European Commission DG Internal Market, Industry, Entrepreneurship and

More information

Beyond Pasteur s Quadrant

Beyond Pasteur s Quadrant Beyond Pasteur s Quadrant Discover technology seeds and make a social impact Management Message Kyoto University Innovation Capital Co., Ltd. (KYOTO-iCAP) was founded in December 2014 as a wholly owned

More information

START-UP VISA CANADA. Strengthening the entrepreneurship ecosystem

START-UP VISA CANADA. Strengthening the entrepreneurship ecosystem START-UP VISA CANADA Strengthening the entrepreneurship ecosystem INTRODUCTION Team of tech leaders across Canada that work with industry, government and academia to foster collaboration between business

More information

BIOMINAS BRASIL. Your ideal partner to succeed in life sciences in Latin America Dedicated to create and develop business in life sciences since 1990

BIOMINAS BRASIL. Your ideal partner to succeed in life sciences in Latin America Dedicated to create and develop business in life sciences since 1990 BIOMINAS BRASIL Your ideal partner to succeed in life sciences in Latin America Dedicated to create and develop business in life sciences since 1990 BIOMINAS BRASIL ACTIVITIES ARE DISTRIBUTED IN FOUR MAIN

More information

Integrated Economic Development Plan. Hon. Manuel A. Laboy Rivera Secretary, Department of Economic Development and Commerce

Integrated Economic Development Plan. Hon. Manuel A. Laboy Rivera Secretary, Department of Economic Development and Commerce Integrated Economic Development Plan Hon. Manuel A. Laboy Rivera Secretary, Department of Economic Development and Commerce Frequently Asked Question 1 Where is Puerto Rico s Economic Development Plan?

More information

An Overview of the Polish Startups and Start in Poland Program

An Overview of the Polish Startups and Start in Poland Program An Overview of the Polish Startups and Start in Poland Program Dr inż. Janusz Marszalec, MBA Founder & CEO, Edison Centre Lecturer, Warsaw University of Technology Seminar Current Trend in Start-ups and

More information

Funding Emerging Medtech Ventures

Funding Emerging Medtech Ventures { Funding Emerging } Medtech Ventures Jonathan Wyler SV Life Sciences 10 May 2012 Entrepreneurship is the pursuit of opportunity without regard to resources currently controlled." - Howard Stevenson,

More information

Vote for BC. Vote for Tech.

Vote for BC. Vote for Tech. Vote for BC. Vote for Tech. Advancing the tech sector is a part of each party s agenda. Here s a summary of key tech-related elements in the three platforms as it relates to BCTECH s policy pillars: talent,

More information

Q&A with Lo Toney. Founding Managing Partner of Plexo Capital. R E P O R T

Q&A with Lo Toney. Founding Managing Partner of Plexo Capital. R E P O R T APRIL 2017 VOL. X ISSUE XXX R E P O R T Q&A with Lo Toney Founding Managing Partner of Plexo Capital. Principle Series: Family Office Insights sits down with Lo Toney, Founding Managing Partner of Plexo

More information

Jamaica: IT - BPO and Digital

Jamaica: IT - BPO and Digital Consulting Research Education Investments Jamaica: IT - BPO and Digital Avinash Vashistha Chairman & CEO Tholons Inc. Version 1.0 January 2017 2015 Copyright Tholons Inc. All rights reserved. Jamaica Overview

More information

TURN YOUR IDEA OR SIDE PROJECT INTO A MILLION DOLLAR BUSINESS

TURN YOUR IDEA OR SIDE PROJECT INTO A MILLION DOLLAR BUSINESS TURN YOUR IDEA OR SIDE PROJECT INTO A MILLION DOLLAR BUSINESS ZeroPoint Ventures provides early-stage funding, evidence-based coaching, & a clear pathway for software entrepreneurs to build a $1MM+ revenue

More information

SOCIAL BUSINESS FUND. Request for Proposals

SOCIAL BUSINESS FUND. Request for Proposals SOCIAL BUSINESS FUND Request for Proposals 2018 TABLE OF CONTENTS I. INTRODUCTION... 2 II. OVERVIEW OF THE BUSH FOUNDATION AND SOCIAL BUSINESS VENTURES INITIATIVE... 2 III. OVERVIEW OF REGIONAL ENTREPRENEURIAL,

More information

COSME. 31 January 2014 Tallinn, Estonia. Andreas Veispak DG Enterprise and Industry - European Commission

COSME. 31 January 2014 Tallinn, Estonia. Andreas Veispak DG Enterprise and Industry - European Commission COSME 31 January 2014 Tallinn, Estonia Andreas Veispak DG Enterprise and Industry - European Commission Outline 1. Building on the CIP 2. What is COSME aiming at? Improving access to finance Improving

More information

Business Incubation. Entrepreneurship and Innovation

Business Incubation. Entrepreneurship and Innovation Business Incubation as a Tool for Promotion of Entrepreneurship and Innovation Advancing Innovation in ECA 2007 Regional Conference of ECAbit Yerevan, Armenia, September 17, 2007 Valerie D Costa, infodev

More information

GATEWAY TO SILICON VALLEY SAMPLE SCHEDULE *

GATEWAY TO SILICON VALLEY SAMPLE SCHEDULE * GATEWAY TO SILICON VALLEY SAMPLE SCHEDULE * Ignite your entrepreneurial spirit and accelerate your ideas/company over one week. DAY 1: MONDAY 09:00 10:00AM SVI ACADEMY, PROGRAM INTRODUCTION 10:00 11:15AM

More information

Access to Broadband. Focusing on demand stimulation strategies. Sonia Jorge Consulting Director, Regulation and Policy

Access to Broadband. Focusing on demand stimulation strategies. Sonia Jorge Consulting Director, Regulation and Policy Access to Broadband Focusing on demand stimulation strategies Sonia Jorge Consulting Director, Regulation and Policy UN-CSTD Panel Internet Broadband for an Inclusive Digital Society Lima, Peru, January

More information

Driving wealth creation & social development in. Ontario

Driving wealth creation & social development in. Ontario 2013 Driving wealth creation & social development in Ontario 2013 GEM ONTARIO REPORT Charles H. Davis1,2 Dave Valliere2 Howard Lin2 Neil Wolff2 1 2 Faculty of Communication & Design, Ryerson University

More information

The role of national development banks un fostering SME access to finance

The role of national development banks un fostering SME access to finance The role of national development banks un fostering SME access to finance Hernando Castro. Bancoldex. Colombia Septembre de 2017 Bancoldex s Ownership Structure Generalities Incorporated as a mixed stock

More information

Acceleration today: November ACCELERATION IN EUROPE 1. Ready when you are.

Acceleration today: November ACCELERATION IN EUROPE 1. Ready when you are. Acceleration today: trends & challenges November 2016 www.eurpeanacceleratorsummit.com Ready when you are. ACCELERATION IN EUROPE 1 ACCELERATION IN EUROPE 2 Acceleration today: trends & challenges November

More information

shaping the future of finance

shaping the future of finance shaping the future of finance FIND OUT WHY LUXEMBOURG IS A GREAT PLACE FOR FINTECH Supporting Innovation PRIVATE FUNDING Local investors (Business Angels, VCs, Family offices, etc.) Luxembourg Business

More information

Why Business Angels Do Not Invest. Why Business Angels Do Not Invest. Findings on obstacles preventing investment in startups

Why Business Angels Do Not Invest. Why Business Angels Do Not Invest. Findings on obstacles preventing investment in startups Why Business Angels Do Not Invest Why Business Angels Do Not Invest Findings on obstacles preventing investment in startups Introduction EBAN the European Trade Association for Business Angels, Seed Funds

More information

COSME Programme for the Competitiveness of Enterprises and SMEs. Enterprise Europe Network

COSME Programme for the Competitiveness of Enterprises and SMEs. Enterprise Europe Network COSME 2014-2020 Programme for the Competitiveness of Enterprises and SMEs Enterprise Europe Network 11 December 2017 Giacomo Mattinò Head of unit GROW.H2 Enterprise Europe Network and Internationalisation

More information

Does going digital make trade more inclusive?: Lessons from Costa Rica s trade negotiations. Dr. Francisco Monge

Does going digital make trade more inclusive?: Lessons from Costa Rica s trade negotiations. Dr. Francisco Monge Does going digital make trade more inclusive?: Lessons from Costa Rica s trade negotiations Dr. Francisco Monge Deputy Director General Ministry of Foreign Trade of Costa Rica OUTLINE Why going digital?

More information

TechnoServe Report on the RMGC Potential Private Sector Impact. 8 July 2010

TechnoServe Report on the RMGC Potential Private Sector Impact. 8 July 2010 TechnoServe Report on the RMGC Potential Private Sector Impact 8 July 2010 Objectives and Content PRESENTATION OBJECTIVE Present the potential sustainable development impact of the RMGC project on the

More information

Global Business Forum Latin America 2018

Global Business Forum Latin America 2018 Global Business Forum Latin America 2018 28 February 2018 Speech by Ahmed Bin Sulayem, Executive Chairman, DMCC Good morning, your excellences, ministers, ladies and gentlemen. First of all, I would like

More information

Innovation, Incubation and Acceleration: The national picture. Chris Haley Head of New Technology & Startup Research Nesta

Innovation, Incubation and Acceleration: The national picture. Chris Haley Head of New Technology & Startup Research Nesta Innovation, Incubation and Acceleration: The national picture Chris Haley Head of New Technology & Startup Research Nesta About Us 1 Policy & Research 2 Tools & Skills 3 Investments 4 Practical Programmes

More information

Augusta Innovation District DR. ED EGAN, DIRECTOR MCNAIR CENTER FOR ENTREPRENEURSHIP AND INNOVATION

Augusta Innovation District DR. ED EGAN, DIRECTOR MCNAIR CENTER FOR ENTREPRENEURSHIP AND INNOVATION Augusta Innovation District DR. ED EGAN, DIRECTOR MCNAIR CENTER FOR ENTREPRENEURSHIP AND INNOVATION High-growth, high-tech as a driver of U.S. economic growth The big picture u U.S. GDP growth is currently

More information

PRESS KIT. Lille May 17, 2017 FINTECH GO! Join the richest European innovation ecosystem CALL FOR APPLICANTS. In partnership with :

PRESS KIT. Lille May 17, 2017 FINTECH GO! Join the richest European innovation ecosystem CALL FOR APPLICANTS. In partnership with : PRESS KIT Lille May 17, 2017 FINTECH GO! Join the richest European innovation ecosystem CALL FOR APPLICANTS In partnership with : 1 TABLE OF CONTENTS PRESS RELEASE... 3 A) Call for applicants: Fintech

More information

Comunitat Valenciana: a top European Entrepreneurial Region enhancing the business environment

Comunitat Valenciana: a top European Entrepreneurial Region enhancing the business environment Comunitat Valenciana: a top European Entrepreneurial Region enhancing the business environment Quality of Public Administration. Europe2020 Monitoring Platform Brussels 19th May 2015 Mr. Manuel González

More information

From Technology Transfer To Open IPR

From Technology Transfer To Open IPR From Technology Transfer To Open IPR The traditional models to release the research finding from many institutions like Universities, are in most of the cases badly outdated and broken. Leading a big portion

More information

ACCELERACE LIFE SCIENCE, BIOTECH & MEDTECH

ACCELERACE LIFE SCIENCE, BIOTECH & MEDTECH ACCELERACE LIFE SCIENCE, BIOTECH & MEDTECH EUROPE S LEADING ACCELERATOR WHAT WE DO SPOT WE ATTRACT AND SELECT THE BEST STARTUPS AND TALENTS IN THE WORLD TRAIN WE DEVELOP STARTUPS IN ORDER TO UNLEASH THEIR

More information

A new initiative to catalyze high-impact NAMAs and create a vibrant practitioner network on low-carbon development

A new initiative to catalyze high-impact NAMAs and create a vibrant practitioner network on low-carbon development A new initiative to catalyze high-impact NAMAs and create a vibrant practitioner network on low-carbon development The MAIN Initiative The Center for Clean Air Policy (CCAP) and the World Bank Institute

More information

COSME Seminar on Participation in COSME for Enlargement and Neighbourhood Countries

COSME Seminar on Participation in COSME for Enlargement and Neighbourhood Countries COSME Seminar on Participation in COSME for Enlargement and Neighbourhood Countries 3 December 2013, Brussels Edward Tersmette International Affairs and Missions for Growth (ENTR.A2) DG Enterprise and

More information

portugalventures.pt

portugalventures.pt Rules and Regulations Version 3.0 Release date: September 2017 Portugal Capital Ventures, S.A. 1 Article 1 Purpose 1.1 Ventures is a venture capital investment fund created under the scope of the Azorean

More information

Program Objectives. Your Innovation Primer. Recognizing and Organizing for Innovation THE INNOVATIVE ORGANIZATION

Program Objectives. Your Innovation Primer. Recognizing and Organizing for Innovation THE INNOVATIVE ORGANIZATION 1 2 3 4 5 Your Innovation Primer Recognizing and Organizing for Innovation Profiting from Technology Driven Innovation The Innovation Process Tools for Strategy and Implementation Innovation in Action

More information

BUILDING BRIDGES. LatAm Startups is proud to announce its 2017 initiatives:

BUILDING BRIDGES. LatAm Startups is proud to announce its 2017 initiatives: LATAM STARTUPSPROGRAMS 2017 BUILDING BRIDGES We connect the Canadian and Latin American startup ecosystems, promoting international trade, creating jobs, and developing a knowledge-based economy. LatAm

More information

Public Private Partnership: Building Innovation Ecosystem

Public Private Partnership: Building Innovation Ecosystem Public Private Partnership: Building Innovation Ecosystem Anya Eldan Vice President Israel Innovation Authority innovationisrael.org.il Major impact on the Israeli economy 9% of Employees 15% of GDP 50%

More information

12 APRIL, 2017

12 APRIL, 2017 Canadian Corporate Innovation Summit Tawfik Hammoud Senior Partner and Managing Director 12 APRIL, 2017 HAMMOUD.TAWFIK@BCG.COM Agenda BCG perspectives on Corporate Venture Capital Corporate Venture Capital

More information

Measuring Firm Performance in Latin America and the Caribbean 1

Measuring Firm Performance in Latin America and the Caribbean 1 Enterprise Surveys e Measuring Firm Performance in Latin America and the Caribbean 1 WORLD BANK GROUP LATIN AMERICA AND THE CARIBBEAN SERIES NOTE NO. 1/13 Basic Definitions Countries surveyed in 1 and

More information

BEST PLACE FOR BUSINESS & CAREERS 1. 1st BEST PLACE TO DO BUSINESS 5

BEST PLACE FOR BUSINESS & CAREERS 1. 1st BEST PLACE TO DO BUSINESS 5 1 CONTENTS Doing Business in Colorado A Diverse Portfolio of Industries Business Funding and Incentives Capital Major Employers, Recent Relocations & Expansions Colorado s Talent & Knowledge Base Life

More information

Sponsored by Supported by Presented by

Sponsored by Supported by Presented by Sponsored by Supported by Presented by ABOUT RIO NEGÓCIOS Business Development Agency of Rio de Janeiro Investment Promotion Facilitation PORTFOLIOS ENERGY CREATIVE ECONOMY INFRASTRUCTURE FINANCIAL SERVICES

More information

Guidelines for the Application to the Science, Technology and Innovation Transform Fund (IsDB-STIF)

Guidelines for the Application to the Science, Technology and Innovation Transform Fund (IsDB-STIF) Islamic Development Bank Guidelines for the Application to the Science, Technology and Innovation Transform Fund (IsDB-STIF) Science, Technology & Innovation (STI) Department Content ITEMS Page I. Establishment

More information

International entrepreneurship: Focus on Latin America

International entrepreneurship: Focus on Latin America 1/5 International entrepreneurship: Focus on Latin America Sascha Fuerst (sfuerst@eafit.edu.co) Associate Professor, Department of Organization and Management, Universidad EAFIT, Medellin, Colombia Course

More information

KEY DEVELOPMENTS IN MEXICO S ICT SECTOR, POLICIES AND REGULATIONS:

KEY DEVELOPMENTS IN MEXICO S ICT SECTOR, POLICIES AND REGULATIONS: KEY DEVELOPMENTS IN MEXICO S ICT SECTOR, POLICIES AND REGULATIONS: SETTING THE STAGE FOR THE 2016 OECD MINISTERIAL TIC General Director for Innovation, Services and Domestic Trade Ministry of Economy Raúl

More information

Lebanon Taps into the Potential Lying in Innovation and Entrepreneurship

Lebanon Taps into the Potential Lying in Innovation and Entrepreneurship and Entrepreneurship BLOMINVEST BANK Number of VC Transactions in the MENA Region September 6, 2014 Contact Information Research Department research@blominvestbank.com Research Assistant: Riwa Daou Riwa.daou@blominvestbank.com

More information

Azores. FAQs. FAQs Azores. portugalventures.pt

Azores. FAQs. FAQs Azores. portugalventures.pt Version 3.0 Release date: September 2017 Portugal Capital Ventures, S.A. 1 1. What is Ventures? Ventures is a venture capital investment programme targeting entrepreneurship in the. SDEA and Portugal Ventures

More information

CELEBRATING ENTREPRENEURSHIP Celebrating outstanding achievement in advancing entrepreneurship

CELEBRATING ENTREPRENEURSHIP Celebrating outstanding achievement in advancing entrepreneurship CELEBRATING ENTREPRENEURSHIP Celebrating outstanding achievement in advancing entrepreneurship APPLICATION FORM OVERVIEW Starting and growing a successful a company is a difficult task; entrepreneurs need

More information

Europe's Digital Progress Report (EDPR) 2017 Country Profile Malta

Europe's Digital Progress Report (EDPR) 2017 Country Profile Malta Europe's Digital Progress Report (EDPR) 2017 Country Profile Europe's Digital Progress Report (EDPR) tracks the progress made by Member States in terms of their digitisation, combining quantitative evidence

More information

A Multi-University Fed Post-Graduate Accelerator and a Model for Economic Development

A Multi-University Fed Post-Graduate Accelerator and a Model for Economic Development A Multi-University Fed Post-Graduate Accelerator and a Model for Economic Development Partnership, Sponsorship & Marketing Opportunity Prepared By: Steve Boerner President Hatch House Ventures steve@hatchhouseventures.com

More information

our soul telefónica in 2006

our soul telefónica in 2006 our soul telefónica in 2006 02 02 1 Corporate Identity 60 02 2 Business Principles 64 02 3 Corporate Responsibility 68 02 4 Philanthropy 90 02 5 Corporate Governance 96 Telefónica in 2006 02.1 Corporate

More information

Minsk September Startup Funding Best Practice aws/austria

Minsk September Startup Funding Best Practice aws/austria Minsk September 2017 Startup Funding Best Practice aws/austria aws - Who we are Austria s federal promotional bank - over 60 years of know-how in entrepreneurial, economic and innovation support. Our mandate

More information

Project Information Document/ Integrated Safeguards Data Sheet (PID/ISDS)

Project Information Document/ Integrated Safeguards Data Sheet (PID/ISDS) Project Information Document/ Integrated Safeguards Data Sheet (PID/ISDS) Concept Stage Date Prepared/Updated: 24-Mar-2017 Report : PIDISDSC20204 Public Disclosure Authorized Public Disclosure Authorized

More information

140th SESSION OF THE EXECUTIVE COMMITTEE

140th SESSION OF THE EXECUTIVE COMMITTEE PAN AMERICAN HEALTH ORGANIZATION WORLD HEALTH ORGANIZATION 14th SESSION OF THE EXECUTIVE COMMITTEE Washington, D.C., USA, 25-29 June 27 Provisional Agenda Item 7.1 CE14/INF/1 (Eng.) 9 May 27 ORIGINAL:

More information

How to trigger growth of new technology based entrepreneurship planning for early stage capital and incubation support measures in Latvia

How to trigger growth of new technology based entrepreneurship planning for early stage capital and incubation support measures in Latvia How to trigger growth of new technology based entrepreneurship planning for early stage capital and incubation support measures in Latvia Valdis Avotins, Viesturs Sosars, Dairis Calitis ESTER 1Workshop

More information

PwC s Accelerator Local to Global

PwC s Accelerator Local to Global www.pwcaccelerator.com PwC s Accelerator Local to Global Accelerate to an international level Content Foreword... 1 About you... 2 Criteria of the Acceleration Phase... 4 Our Service Offering... 5 Our

More information

Best Private Bank Awards 2018

Best Private Bank Awards 2018 Awards 2018 Entry Deadline Extended Until 26 Sept. This deadline is firm and no entries can be accepted past this date In the December issue, Global Finance will publish its selections for the World s

More information

Programs & Initiatives Advancing the Biopharmaceutical Industry

Programs & Initiatives Advancing the Biopharmaceutical Industry Pennsylvania Programs & Initiatives Advancing the Biopharmaceutical Industry Pennsylvania State Profile 1 Key Programs & Initiatives The opportunities generated by the biopharmaceutical sector as a leader

More information

Bringing Investments to GNSS How can the two meet?

Bringing Investments to GNSS How can the two meet? Bringing Investments to GNSS How can the two meet? 1 December, 2010 SpaceTec Capital Partners GmbH Sendlinger Strasse 22 D-80331 Munich Phone: +49 89 45 16 09 80 www.spaceteccapital.com horn@spaceteccapital.com

More information

Interamerican Network on Government Procurement. Trinidad Inostroza President October 2016

Interamerican Network on Government Procurement. Trinidad Inostroza President October 2016 Interamerican Network on Government Procurement Trinidad Inostroza President October 2016 Interamerican Network on Government Procurement - Established in 2003 by the countries of the Americas as a mechanism

More information

Terms of Reference. Agri-Business Incubator Ethiopia: Strategic Options for Financial Service Offerings, Operating & Financial Model

Terms of Reference. Agri-Business Incubator Ethiopia: Strategic Options for Financial Service Offerings, Operating & Financial Model Terms of Reference Agri-Business Incubator Ethiopia: Strategic Options for Financial Service Offerings, Operating & Financial Model 1 Background Global Programme: Innovation Centers for the Agriculture

More information

New Zealand Startup Ecosystem Analysis

New Zealand Startup Ecosystem Analysis New Startup Ecosystem Analysis 1 About this Research Early-stage tech startups are highly dependent on their surrounding startup ecosystem. If we can create healthier startup ecosystems, we can generate

More information

Guidelines for the development of new services and applications in the era of the digital economy. Antonio Garcia Zaballos

Guidelines for the development of new services and applications in the era of the digital economy. Antonio Garcia Zaballos Guidelines for the development of new services and applications in the era of the digital economy Antonio Garcia Zaballos (antoniogar@iadb.org) There is a new paradigm affecting society, the economy and

More information

European Startup Monitor Country Report Cyprus Authors: Christis Katsouris, Menelaos Menelaou, Professor George Kassinis

European Startup Monitor Country Report Cyprus Authors: Christis Katsouris, Menelaos Menelaou, Professor George Kassinis European Startup Monitor Country Report Cyprus 2016 Authors: Christis Katsouris, Menelaos Menelaou, Professor George Kassinis In this report we examine the current situation of start-ups in Cyprus as well

More information

POWERING UP SASKATOON S TECH SECTOR SASKATOON REGIONAL ECONOMIC DEVELOPMENT AUTHORITY JULY 2017

POWERING UP SASKATOON S TECH SECTOR SASKATOON REGIONAL ECONOMIC DEVELOPMENT AUTHORITY JULY 2017 SASKATOON REGIONAL ECONOMIC DEVELOPMENT AUTHORITY JULY 2017 Saskatoon Regional Economic Development Authority (SREDA) SREDA is an independent non-profit economic development organization whose mandate

More information

Highlight. Stop hesitating: Learn how to invest in startups like a pro. 13 July 2016

Highlight. Stop hesitating: Learn how to invest in startups like a pro. 13 July 2016 Stop hesitating: Learn how to invest in startups like a pro 13 July 2016 Highlight Startups in Asia, particularly in China, are the new investment opportunities that may soon outpace market leaders like

More information

Multilateral Investment Fund -MIF - Promoting Innovation and Entrepreneurship in Latin America and the Caribbean

Multilateral Investment Fund -MIF - Promoting Innovation and Entrepreneurship in Latin America and the Caribbean Multilateral Investment Fund -MIF - Promoting Innovation and Entrepreneurship in Latin America and the Caribbean The MIF: a unique instrument Established in 1993 with the goal of advancing the development

More information