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Portugal - Euro Champions in Football and Early Stage Investment!
Dear Global Innovation, Entrepreneurial and Early Stage Investment Community,

With this edition of our EBAN Newsletter, we are delighted to congratulate Portugal on winning the Euro Football Championship 2016 AND we are delighted to announce their ground-breaking initiative to spur early-stage investing with their new Startup Portugal co-investment fund.  Portugal's FNABA Business Angel President Miguel Henriques invites all entrepreneurs and investors to check it out below!

In this edition, we also highlight Riku Asikainen, our EBAN Vice President who was recently a featured speaker at the Congress held by the EASME, the Executive Agency for SME's.  

And we are always pleased to tell success stories from Greece which "celebrated" the first anniversary of capital controls, in an era of fears and skepticism about the consequences of the post Brexit global investment environment. As can be seen from below, the Greek entrepreneurial community is very resilient, no matter what the conditions are!

We are also particularly pleased to announce the Copernicus Accelerator with this edition of our newsletter.  As you know, EBAN has a strong relationship with ESA, the European Space Agency.  40 entrepreneurs will be selected to work on innovative ideas, based on Earth observation.  Make certain and apply by 25 July!

Finally, to all Francophiles around the world, Happy Bastille Day!

With kindest regards as always,
Candace Johnson
President
Featured News
Startup Portugal launch!



Dear Investors and entrepreneurs around the world!
 
Considering the unique and important role that business angels have played in the Portuguese entrepreneurial ecosystem, the Portuguese Government recently launched a national strategy for entrepreneurship which targets investors and business angels, in particular. 

This strategy, called Startup Portugal, encompasses a list of measures which reflect how strategic the Portuguese Government considers entrepreneurship to be for job creation and economical growth. It has three major concerns: to strengthen the startups that are being created, to foster and attract the best investment and to help the startups grow in the global market.

In terms of investment, I would like to tell you about a new co-investment fund for Business Angels of €26 million. This fund is one of the most competitive in Europe on how it benefits and rewards foreign investors. There are a number of factors that contribute to this: 
i) An 80% upside after breakeven
ii) Fast and simple Business Angel accreditation process
iii) A Business Angel individual application is allowed
iv) The Government puts up 65% of each investment with a minimum amount of contribution of €300,000.00 and a maximum of €750,000.00 for each Fund
v) Covers Fund management expenses up to 3% of the total Fund value

Beside the new co-investment funds for Business Angels and Venture Capital, the Portuguese strategy for entrepreneurship includes other measures that also benefit foreign investors, such as the Seed Program (similar to the English SEIS), which allows the non-taxation of capital gains and its deduction in personal income tax.

Applications are currently open until the 19th July. In November, during the Web Summit in Lisbon, there will be a new fund and a new call for applications. 

In annex we enclose the respective Call for Tenders and you can find all further information in: 
http://www.ifd.pt/linhafinanciamento-ba-en/ 

If you would like to consider an application, either individually or together with other business angels, the Portuguese Business Angel Federation (FNABA) is prepared to assist you through the application process and provide all clarifications needed.

Looking forward to hearing from you,

Warm Regards,

Miguel Henriques 
President 
FNABA

 
EBAN at EASME Welcome Days
EBAN was represented by Riku Asikainen, Vice President of EBAN, at EASME Welcome Days in Brussels, Belgium and was a big hit.  
Riku Asikainen is an entrepreneur, angel investor and growth hacker. He started his first 
company in high school, and sold it as Finland´s leading internet
 bookstore fifteen years later. Since then he has been a founder, active 
investor and board member in more than 40 companies.

He is the co-founder and chairman emeritus of FiBAN (Finnish Business Angel network), which has more than 500 investor members, and makes more than 100 investments every year. FiBAN has been awarded by EBAN as
 Europe´s best business angel network in 2012 and 2014.
 He is a co-founder of Startup-foundation, which produces tech conference SLUSH and the regional accelerator Startup Sauna.
Greece, A Resilient Entrepreneurial Community
On June 30th, the "Finals & Awards Ceremony" of the second "MITEF Greece Startup Competition" took place at the NCSR Demokritos: a celebration of entrepreneurship that brought together Greek startups and investors, professionally organized by the local chapter of MITEF.

Maria P. Hala  was a member of the judging team, as an EBAN member and part of the Greek angel community. Among the finalists, there were early stage and startup ventures from different sectors, aiming to fulfill the needs of a well diversified angel investor portfolio. The first prize was won by Yodiwo,
second prize was won by InSyBio Ltd. and third prize was won by Feel (Sentio Solutions Inc.).
The Copernicus Accelerator Makes Your Market Entry A Success
Submit your Earth observation business idea now! The participants of this year’s Copernicus Masters enjoy an additional extraordinary benefit: the 40 best entrants will be selected by an international expert panel, who will be privileged to benefit from the Copernicus Accelerator programme, specifically tailored to young entrepreneurs with innovative ideas, based on Earth observation, providing solutions for society and business. For more information visit http://bit.ly/2a5oxOO and apply until 25 July.
Web Summit 2016 in Lisbon
Web Summit has become “Europe’s largest and most important technology marketplace”. This years there are 50,000+ Attendees, 7,000+ CEOs, 65% Senior Management, 20,000+ Companies, 150+ Countries. The event will be in LISBON, on NOVEMBER  7-10, 2016.

20% discount for EBAN MEMBERS (Get in touch with us!)
EmTech – Venture Point 2016
The Venture Point is a private session where technological startups can apply to meet and gather with national and international investors. The startups will participate at an investment forum with the aim of giving visibility to these startups and to meet investors who can be interested and who can accelerate their projects.

20% discount for EBAN MEMBERS (Get in touch with us!)

Dates:
SEPTEMBER 9TH:Closing of the application procedure
SEPTEMBER 18TH:Evaluation Process
SEPTEMBER 22ND:Announce of Winners

Angel Visit to Silicon Valley Investor Program
10-14 October 2016, San Francisco, U.S.A.

MTB (Mind the Bridge) announced a partnership with EBAN to further drive the advancement of ‪Europe‬’s ‪InvestorsCommunity‬.

Participants in the Investor Program acquire insights on the latest investment technicalities (tools and terms) and market trends. In addition they get access to co-investment opportunities in  Silicon Valley‬.

Warning: ‪Limited‬ number of seats!

European Commission Projects
Your feedback  will enable InvestHorizon to evaluate and improve future services and activities.

Apply for:
Startup Europe IoT accelerator
Arena 42 – IoT Accelerator
Save the Date
29-30 November 2016
EBAN Winter University
Zagreb, Croatia
Events of the Month
July 04 - 15
European Summer Academy on Technology & Entrepreneurship
Thessaloniki, Greece

July 14
Business Angels & Startups Opportunities: Incentives For Investors
Thessaloniki, Greece

July 17-22
World Investment Forum 2016: Investing in Sustainable Development
Nairobi, Kenya
Past Events Featuring EBAN
June 30 - July 2
Viva Technology
Paris, France
Candace Johnson, President of EBAN
From the Blog
Opportunities
Until 31st of July 2016 the European Commission will collect entrepreneurs, start-uppers and stakeholders' opinions on how to improve the start-up ecosystem in Europe through a public consultation. The ‘Start-ups in Europe' questionnaire includes queries related to the three phases of the life cycle of a company:
1) The stand-up phase; 2) The start-up phase; 3) The scale up phase. Contribute!
Important Early Stage Market News

Austria Wants To Attract Startups With A $204 Million Program
Resources
EBAN 2015 Statistics Compendium


GUST and Fundacity 2015 Accelerator Report


European Small Business Finance Outlook, June 2016
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