Entrepreneurship Eco-System in Macedonia is Booming!
EBAN's Vice President and TBAA's President Baybars Altunas attended the second Business Innovation Forum 2015 in Skopje, Macedonia. Invited to the event organised by Ilija Vuckov, member of EBAN, President of Emkice and one of the founders of the COSSME Regional Network, Mr. Altunas documented the highlights of his trip in the Balkans and his findings regarding the Macedonian entrepreneurial and startup scene. [Continue Reading...]
EBAN Board Member Ricardo Luz, Elected National Responsible for Financial Instruments
Ricardo Luz, founder of FNABA and Invicta Angels, was just appointed Responsible for Financial Instruments in the newly founded public financial institution: Instituição Financeira de Desenvolvimento (IFD).
The constitution of the IFD has been decided by the Portuguese Government in order to address market failures concerning SME access to financing and particularly Equity/Quasi-Equity instruments, assuming not only a counter-cyclical role but also the mission of helping Portuguese SMEs to better capitalize their balance sheets and investments.
Acting as a wholesale entity under the operational control of the Ministry of Economy and in cooperation with the Ministry of Regional Development, IFD will always operate in partnership with the commercial banks, private investors and other private financial entities, such as private equities, VC and Business Angels, as well as the already existing public sponsored financial institutions, namely those dealing with guarantees and VC.
Another objective to be pursued by IFD is the development of Business-Angels networks. To achieve this goal co-investment programs will be developed, namely through funds or collective investment vehicles with a sector specialization, where appropriate, to support innovative projects and companies in the early stages of its activity. The development of these networks will be supported by financing facilities conveyed to entities held by Business-Angels with the sole purpose of providing Equity funds to innovative start-up projects, in conjunction with private funding from Business-Angels.
EU/Investment Plan: EIB approves EUR 4,8 Billion loans supporting investment by SMEs
In the first week of February 2015, the Board of the European Investment Bank (EIB) approved new loans, which aimed at supporting investment by European SMEs and mid-cap companies. These loans will amount to EUR 4.8 billion while the total of loans approved by the Board of Directors for investment in Europe equals EUR 5.8 billion. On 17 February 2015, the EIB's Board of Governors and Europe's finance ministers will discuss the EIB's role in managing the European Fund for Strategic Investments to be implemented under the Investment plan for Europe.
To learn more about the Investment Plan, please click here
Luxembourg Business Angel Network (LBAN) in the local press
Our members and friends from LBAN received two articles in the local Luxembourg press: Luxemburger Wort and Tageblatt.
To read the full articles click here
and here http://www.cc.lu/uploads/tx_userccpress/Tageblatt_13.pdf
FIWARE Investment Forum Invitation
FIWARE, the leading European accelerator programme for technology startups in the sectors of the future internet invites you kindly to its Investment Forum on May 3rd 2015 in Berlin, Germany.
The 16 FIWARE accelerators selected their 20 best startups to present their investment opportunity to a panel of international and local investors.
Selected investors will enjoy the following benefits:
• Accommodation and Travel will be covered from 2-3 May
• Free access to pitching of the 20 best startups of the 16 FIWARE accelerators
• Invitation to a networking dinner with all startups on 2 May
• Access to Open Entrepreneurship and Tech Forum
Please state your interest in participating until 27 February 2015 to the following email address: email@example.com
Your participation will be confirmed by Mid-March.
For more information on FIWARE programme of the European Union, please visit www.fiware.org
. All presenting startups are active in one the following sectors: