11th Winter University to be held in Istanbul
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October 2012
Flash #82
11th EBAN Winter University

Exits will be the main topic of the 11th EBAN Winter University to be held in Istanbul, Turkey, on the 17th and 18th of January 2013

Turkey is now a hotbed of angel investing since the government announced, some weeks ago, a 75 % tax credit on all investments up to 1 Million Turkish Lira (a little more than 500K Euros) by high-wealth individuals. Super Angels and Venture Capitalists are now traveling more and more to Turkey. In little less than 8 years, Turkey has transformed itself into an entrepreneurial, innovative economy with many sectors experiencing double digit growth.

Due to the impossibility of the former local organizers of EBAN Winter University (WU) to proceed with the event in Paris, the EBAN Board decided to relocate this important event to Istanbul, Turkey where it will take place the next 17th and 18th of January 2013.

During the past two years, EBAN WU was organized in Belgium and France. The EBAN Board believes a refreshing change from Central Europe to a mystic European location, will be a plus for all participants. The hosting organization will be TBAA (Business Angels Association Turkey).

The main topic for this Winter University will be: Exits. Everybody understands that without exits perspectives, investors will not invest in early stage companies. WU will have several experienced speakers in this topic, who will share with participants, their solutions and recipes to make/prepare exits in this difficult financial environment.

Registration process will be open from the 5th of November 2012. There will be an early bird discount for registrations done in November (limited places), so, be ready!


New EBAN Executive Committee

The EBAN Board gathered in Essen, Germany on October 9th and approved the following new Executive Committee:
President - Paulo Andrez (FNABA - Portugal)
Vice-President
Ari Korhonen - (FIBAN - Finland)
Other Members of the Executive Committee:
Albert Colomer (ESBAN - Spain)
Baybars Altuntas (TBAA - Turkey)

 
The profiles of the new representatives as well as the listing of the other EBAN Board members is available in the link.
 

Meeting with the Secretary General of the lstanbul Development Agency Dr Abdulmecit Karatas


In the picture from left to right: Baybars Altuntas, Paulo Andrez, Ari Korhonen and Adnan Akdemir (TBAA).
 
EBAN representatives met on October 17th in Istanbul, Turkey, with the Secretary General of the lstanbul Development Agency (ISTKA), Dr Abdulmecit Karatas. The aim of the meeting was to discuss the development of the angel community in Turkey and in the Istanbul region. The delegation was composed of three EBAN representatives, namely Paulo Andrez (EBAN President), Ari Korhonen (EBAN Vice-President) and Baybars Altuntas (EBAN Executive Committee) and TBAA's Secretary General Adnan Akdemir.

EBAN Sponsors' Updates
 

Indoor navigation and first aid apps take home prestigious prizes
An indoor navigation system for smartphones has won this year’s Galileo Master prize, while ESA’s Innovation Prize goes to a first aid app that provides emergency support. The international jury choose a novel solution for indoor navigation as the best satnav application at this year’s European Satellite Navigation Competition (ESNC). The competition’s top award, the Galileo Master 2012 prize, went to Fraunhofer Portugal and the University of Porto for proposing the idea. Winners were chosen from a remarkable 406 submitted ideas from more than 40 countries in this year’s competition.

EBAN
Gold Sponsor

EBAN Renewable
Energy sponsor

EBAN
Research Sponsor


News


EBAN MEMBERS

Media Deals: Business angels meet FP7 researchers and European mediatech entrepreneurs in Istanbul: a successful investment forum during NEM 2012
The 2012 NEM Summit has hosted on October 17, 2012 the first “European MediaTech Investment Forum” an event organised by Media Deals with the support of the European Commission (DG CONNECT), as part of the European Commission’s policy to encourage the transfer of results from research and innovation to the market.

TBAA: Starting And Growing a Business - The Entrepreneur's Global Guide (source: Forbes)
Interview with Baybars Altunas, President of the Business Angels Association Turkey.

Go Beyond: Italy Supports Early-Stage Investors
The Italian Ministry of Economic Development approved a new law comprising the following main changes: (1) tax relief for BA investing in start-ups during the next 4 years, (2) authorisation for regulated crowd funding, (3) simplified legal duties for start-ups and (4) €200,00,000 public funds available to support start-up initiatives.

UK Business Angels Association rejects cap of £50k on income tax relief for investors
Response to the Government’s proposals to cap loss relief, stating that it will have a significant negative impact on both existing angel investing and the attraction of new angels.


EARLY STAGE MARKET

Looking West: Globalizing Arab startups (source: Zawya)

Europe's Top 25 Hottest Early Stage Companies (source: Informilo)

London fog impedes tech IPOs (source: Financial Times)

Angel Investors Do Make Money, Data Shows 2.5x Returns Overall (source: TechCrunch)

Corporate Venturing Grows Globally - Martin Haemmig (VIDEO, source: Privcap)


EUROPEAN UNION

New SME finance tools launched amid worsening gloom (source: EurActiv)
The Risk Sharing Instrument aims to encourage banks to provide loans and leases of between €25,000 and €7.5 million to SMEs and small mid-caps undertaking research, development or innovation, and seeking finance for investments or working capital.

Public Consultation Paper: Problems that arise in the direct tax field when venture capital is invested across borders
Deadline 5/11/2012

Call for Proposals: FP7-ICT-2013-10 on cross border services, investment readiness and legal advice for ICT SMEs, start-ups and entrepreneurs (Objective ICT 2013.11.5)
Deadline 15/01/2013


RESOURCES

SMEs in the Single Market: A Growth Agenda for the 21st Century (source: The Lisbon Council)
Richard Pelly: Improving the funding landscape for entrepreneurs

USA: The Angel Investor Market in Q1Q2 2012: A Market in Steady Recovery
Quarterly report from Center for Venture Research, University of New Hampshire.


Restricted to EBAN Members

To access the following advantages you need to log into the EBAN website member area or contact info@eban.org.


Best Practices for Business Angels
EBAN is sharing FiBAN's 7 chapters resource collecting this member's experience in the full process of preparing, managing and exiting investments. A practical guide for angels and BANs.

Shared Deals
Visit the EBAN website member area to upload and review deals. Selected deals will be invited to participate in the Shared Deals session at the upcoming Winter University.

EBAN Publications

EBAN Directory of Networks 2011
The Directory of Networks published by EBAN provides an annual overview of the operational characteristics of business angel networks across Europe. It includes information about EBAN members and other business angel networks identified across Europe. EBAN has been collecting data on the angel market since its creation in 1999.

Previous publications

Upcoming Events


30 October
NBAA Autumn University
Moscow, Russia

31 October
ClearlySo: Legal issues: Investing in Social Enterprise
London, United Kingdom

1 November
Go Beyond: Early-Stage Investing Trends
online event

15-16 November
FundraiseIT - Conference and Investment Evening
Belgrade, Serbia

19-23 November
FNABA: 6th National Business Angels Week
Portugal

20-21 November
The FSE Group - Ready for Equity Angel Bootcamp
Camberley, UK

21-22 November
TechTour Clound and Big Data Summit
Lausanne, Switzerland
Submit your portfolio companies until September 15th


22 November
Go Beyond Investment Event & Group Meeting
Paris, France & Lausanne, Switzerland

17-18 January 2013
EBAN Winter University
Istanbul, Turkey

29-30 January
Winter Networking Dinner and Winter Investment Forum
London, UK


Presence of EBAN at events across Europe

15-16/10/2012
EBAN Vice-President Ari Korhonen participated in Mountain Club's 9th Investor's Summit in Ermatingen, Switzerland.

30/10/2012
EBAN Vice-President Ari Korhonen will speak at the NBAA Autumn University in Moscow, Russia.

8-9/11/2012
EBAN Board member Francisco Banha will speak at the "Angel Investing Summit" organised by Gavea Angels in Rio de Janeiro, Brazil.

15-16/11/2012
EBAN Vice-President Ari Korhonen will speak at the FundraiseIT - conference and investment evening organised by SBAN in Belgrade, Serbia.

21/11/2012
EBAN General Manager Chiara de Caro will speak at the Cowin Workshop "Building value for smart systems in Europe" in Brussels, Belgium.




EBAN membership categories

Full members:
- Business angel networks, federations of networks set up to promote the angel market, business angel groups, angel funds or angel syndicates;
- Early stage venture capital and seed funds

Affiliate members (business angels/private individuals)

Associate members (other organisations)

For additional details and to apply for EBAN membership please follow this link.

EBAN - The European Trade Association for Business Angels, Seed Funds, and other Early Stage Market Players

Rue Vautier 54 | 1050 Brussels | Belgium

T: +32 2 626 20 61
F: +32 2 626 20 69

www.eban.org
info@eban.org


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Should you be interested to contribute with news or opportunities for our members in the next Flash, please send an e-mail to luis.galveias@eban.org. We also welcome your comments and suggestions.


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