BUSINESS ANGELS IN PORTUGUESE DIASPORA FNABA- FEDERAÇÃO NACIONAL DE ASSOCIAÇÕES DE BUSINESS ANGELS By Francisco Banha, Board President, in ACA CONGRESS S.FRANCISCO , 19 APRIL 2013
Recent Financial Evolution of Portugal
The government was incapable of doing anything to improve the situation when the country was declared on the verge of bankruptcy by 2011. Anxiety on financial markets Austerity measures amid increased pressure on government bonds Bailout loan, bank rescue and further austerity measures Re-access to financial markets
World record! Surfing a 90 ft wave in Nazare , Portugal!
'The Times' 30Th January
Portuguese Entrepreneurial Ecosystem!
Academic and scientific Institutions Grand Companies and corporate Ventures
Tech and Hosting Structures
Independent and Institutional operators and family offices
Dynamics Agencies and Structures
THE TALENT WE HAVE TO NURTURE
During the visit of Cavaco Silva to the factory of Cisco Systems in Silicon Valley, John Chambers underlined also that «Portugal is a good country to invest and with good work ethics and with great universities, such as Técnico».
75.000 researchers in Portugal : 76% in universities and 24% in companies
“BA IN PORTUGAL: IT ALL STARTED IN JANUARY 2000”
IAPMEI- Suporte Institucional
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WORLD BUSINESS ANGELS ASSOCIATION International platform for the professionalization of BA, sharing of good practices and promoting the entrepreneurship around the world. Founding countries: Portugal, Spain, United Kingdom, France, Italy, India, China, USA, Chile, Australia and UAE.
Business Angels Leaders Forum Outubro 2007
MAIN TARGET 9 DIASPORA BANS AROUND THE WORLD
San Jose/ Silicon Valley
Canada Paris
New York/ Washington
Dubai /UAE
Macao
Australia
São Paulo/ Rio de Janeiro
Angola/Mozambique/ Cape Verde
THE PRESIDENT SUPPORT
Launch of this Diaspora BANs project occurred on November 2011 during the Portuguese Republic President visit to the USA.
FNABA was one of the 7 entities to be on the Presidential visit entourage
SUITABLE FINANCING TOOL
BUSINESS ANGELS CoInvestment Fund Public Contest initiated in: August 31st 2008 and in force since: March 2011 Mechanism: Program COMPETE (with European Financing) Initial Financing: 10 Million Euro Total financing: 28 Million Euro Number of applicants: 67
–
52 FNABA
Number of approved applications: 54 –
46 FNABA
Number of Business Angels involved: 267 –
217 FNABA
Funds given to Business Angels: 12.5 Million Euro Funds given by Caixa Capital: 1.5 Million Euro
78 Investments made in 24 months in the amount of: 10.4 Million Euros
31.6 Million Euro available to invest in start-ups
Diaspora’s leaders profile (i) Knowledge about the Entrepreneurial Ecosystem in their region: Business Angels, VCs, Universities, Business Associations and other local agents; (ii) Frequent contacts with Portuguese entities and bodies – Financial System (Eg: Caixa Geral Depósitos, Banif…); State Secretariats; AICEP, private companies; (iii) Knowledge about the venture capital’s Modus Operandi; (iv) Capacity to nurture the relationship and “network” culture between Portuguese businessmen and investors throughout their region; (v) Business experience both as founder and manager;
Portuguese Fund For Diaspora
PORTUGUESE DIASPORA
PT BAs Local
Portuguese Gov. Fund Diaspora BANs
US Startup
DIÁSPORA Bas Funds
Entrepreneurs
Portuguese Startup
Portuguese Bas Side car Funds
Portuguese Co-Investment Fund Only PT money
First Diaspora BAN In California! Second Diaspora BAN In Dubai !
USA Promoters: Armando Pereira, Helder Antunes and Manuel Bettencourt; DUBAI Promoters : Pedro Mendes and Henrique Ribeiro
Portuguese Gov. Fund Diaspora BANs Value: 25 M USD (i) CALIFORNIA FUND – 11 M USD • Diaspora Bas : 5 M USD • Portuguese Government: 5 M USD • Azores Regional Fund : 1M USD (ii) DUBAI FUND
– 5 M USD
• Diaspora Bas : 2.5 M USD • Portuguese Government: 2.5 M USD
Portuguese Co-Investment Fund and news Start-ups
If you want to go fast, go alone; If you want to go far, go in group. African proverb
Francisco Banha Board Member, EBAN Board Member, WBAA President, FNABA President, Business Angels Club
[email protected] www.franciscobanha.com