Dissemination of the BAN concept. DVCA has had several articles in the national press as well as presentations and road shows.

 

DVCA has had several articles in the national press as well as presentations and road shows.

 

EU support

 

None.

 

 

4 DVCA will establish two sectoral networks around Autumn 2004: AgroBAN and CreativeBAN.


 

 


EUROPEANBUSINESSANGELNETWORK- Directory of Network 2006

 

FINLAND
 

Background

 

BA activities in Finland emerged as organised structures in 1996 initiated by a matching service of SITRA, which is an independent public foundation under the supervision of the Finnish Parliament. SITRA is a nation wide organisation that aims to promote the economic prosperity and the futuresuccess of Finland through its activities. For the first 5 years the BA activities were built moreover on BAs own activity, aided by a database on potential target companies. The concept was restructured in 2001: the new concept of pre-seed finance was launched in May 2001, including two major instruments: LIKSA and INTRO. LIKSA is a programme for the professional completion of business plans, funded by SITRA and Tekes. INTRO is a marketplace for business angels and other venture capitalists to meet technology companies in the start- up or restructuring phase. This well functioning platform has shown that far too many investments fail due to start-ups’ lack of marketing & sales professionalism. As an answer to this, since the beginning of the year 2004, INTRO also offers a channel (DIILI) for marketing & sales professionals to look for a new ‘entrepreneurial’ career in companies presented at the INTRO marketplace on sweat equity basis.

 

Statistics

 

     
Number of BANs (1) (1) (1) (1) (1) (1)
Number of Business           -
Angels                        
Number of deals           -
Number of accredited           -
projects                        
Number of commercial           -
BANs                        
Number of national BANs           -
Number of regional BANs           - - - -  
National association           -

 

During the period 1997-2001, the BA activities of SITRA can be presented as follows:

 

BA: between 60 and 150

 

n. of deals: between 8 and 12 per year

 

n. of accredited projects: between 60 and 100

 

BAN legal status

 

INTRO is an initiative started and conducted by SITRA, involved in private investors’ venture capitalactivities, with a clear vision to empower public/private partnerships.

 

EBAN members

 

SITRA is a founding member of EBAN.


 

 


EUROPEANBUSINESSANGELNETWORK- Directory of Network 2006    
SITRA M
Finnish National Fund for Research and Development

Contact person Tuula LAITINEN

 

Contact details P.O.Box 160 (Itдmerentori 2)

FI-00181 Helsinki

 

Finland

T: +358 9 6189-9429 / +358 9 618 991

F: +358 9 6189 9277

 

E: tuula.laitinen@sitra.fi

W: www.sitra.fi/preseed

Type of Network National network

 

Date of creation 2001 (Initial start 1996 as Sitra Matching-

service)

Number of Employees 7

 

Legal status Part of SITRA

Hosting organisation SITRA

Formal partner organisations TEKES, National Technology Agency, for

 

LIKSA programme (development of

professional business plans).

Commercial/for profit network No

 

Funding sources

 

 

Public/National

 

Funds

 

100%

 

 
                     
Number of projects  
submitted           Reorganisation        
Number of Business of
angels                    
Number of women n/a n/a n/a n/a n/a all
investors                    
Number of members BA
recruited during the year                    
Number of women           network
recruited during the year                    
Number of deals made activities

 

Matching services of the network:

 

Internet Presentations

 

Bulletin / Newsletter (both printed and email)

 

Investment Forums

 

Personal introduction (on a one to one or one to group basis)


 

 


EUROPEANBUSINESSANGELNETWORK- Directory of Network 2006

 

How are clients acquired?

 

Information events / seminars

 

Direct mailings

 

Visits to enterprises

 

Articles in the local / national Press

 

Established co-operation with local institutional investors

 

Sectors of investment

5%   ICT
    Biotech
35%   44%
    Retail and services
    Manufacturing
7% 9% Other
  (construction,
   

 

BAN specialisation

 

None

 

Fees

 

No fees charged to business angels or entrepreneurs

 

Co-investment scheme

 

Investments made through INTRO are mainly based on co-investments by business angels or business angel groups and/or venture capital funds.

 

Website for more information: www.sitra.fi/intro/eng

 

N deals
N deals involving angels