Sectors of investment in 2005

33% ICT
Health
50% related
Manufacturin
g
17%

BAN specialisation

None

Fees

Entrepreneurs are charged a fee of 390Ђ for the matching service (reimbursed if no contact to an interested Business Angel)

o 1% of the investment is charged as a success-fee.

o Business angels are charged a fee of: 90Ђ, institutional and strategic investors 390Ђ (for 1 year).

Co-investment scheme

None

Other investment vehicle for angels

The AWS can issue a guarantee for a loan in the same size like the investment (this support programme is called double equity) and a guarantee for a part of the investment itself (called equity guarantee).

Estimate of the number of jobs created as a result of the network activity over the last 3 years:

Approx. 100 jobs

How do angels exit their investments?n/a

Investment information

Name of Sector of Date of Amount Number of Date Multiple of return for
company activity investment invested (Ђ) angels of exit investors (i.e. times
involved return on money)
n.s. Robotics 20.000 - -
n.s. IT 6.000 - -
Emcool Medicine 770.000 several - -
NGR Recycling 500.000 - -
APT Automotive 200.000 - -
Netural IT 70.000 - -


EUROPEANBUSINESSANGELNETWORK- Directory of Network 2006

Angel Investment Club OЦ
Contact person Andreas Mitterlehner
Contact details Angel Investment Club OЦ
c/o tech2b Grьnderzentrum GmbH
HafenstraЯe 47- 51
A- 4020 Linz
T: +43 (0) 732/ 9015- 5627
E: office@aico.cc
W: www.aico.cc
Type of network Regional
Date of creation July 2005
Employees 1/2
Legal status n/a
Hosting organisation tech2b Grьnderzentrum GmbH
Formal partner organisations n/a
Commercial/for profit network No
Funding sources
16%
Fees from
angels
Fees from
entrepreneur
s
84%
Number of projects accredited 8 presentations
Number of Angels
Number of women investors
Number of members recruited during the year
Number of women recruited during the year
Number of deals made
Average amount of the deal (Ђ) (3 in closing)

Matching services of the network

Database of contacts

Meetings

Investment Clubs

Investment forums and fairs

Internet

Specific service for business angels investing in high-technologies

How are clients acquired?

Articles in the regional or national press

Other (please specify): most of new members by personal contact

BAN specialisation

All the projects are on a very high technological level. Our members are real BusinessAngel (smart “money”).

Fees

o Fees charged to entrepreneurs: 400Ђ/project

o Fees charged to business angels: 1000Ђ/business angel/year



EUROPEANBUSINESSANGELNETWORK- Directory of Network 2006

Co-investment scheme

None

Other investment vehicle

None

Estimate of the number of jobs created as a result of the network activity over the last 3 years:n/a

How do angels exit their investments?n/a

Success story:n/a



EUROPEANBUSINESSANGELNETWORK- Directory of Network 2006

BELGIUM

Background

Since 1998, seven BANs have emerged in Belgium. These networks were set up in the period 1998-2001. They guaranteed a complete coverage of the Belgian area: 4 networks in Flanders, 2 in Wallonia and 1 in Brussels. In the beginning of 2004, the 4 Flemish networks merged into 1 Flemish network: BAN Vlaanderen.

As per today, Belgian counts 4 networks: 1 network in Flanders, 2 in Wallonia and 1 in Brussels. The international (inter-regional) network Euban (B-D-NL) operates in the eastern part of the country.

Statistics

2003* 2004**
Number of BANs
Number of Business Angels n/a n/a n/a n/a n/a n/a
Number of deals
Number of accredited projects n/a
Number of commercial BANs
Number of non-commercial BANs
Number of national BANs
Number of regional BANs
National association

*Up to 2003, 7 networks were operating in Belgium, 4 in Flanders and 3 in Wallonia and Brussels. **Including Euban

BAN legal status

In Belgium, 4 out of 5 networks are not for profit organisations. The other one is a commercial BAN. Not-for-profit does not mean that these are public organisations: some are created together with development agencies, others are emanations of business schools, of business innovation centres and of private investors.

National association

The 5 Belgian networks all join forces in BeBAN, the Belgian Association of Business Angels Networks. Its main goal is the promotion of the visibility of business angel finance and business angel networks. A code of conduct was elaborated and subscribed by all existing networks.

BeBAN became the facilitator in setting up cooperation between all Belgian BANs and other governmental, public and private organizations active in the field of risk capital. For instance, in 2002 a new product, the “business angel+”-loan, was launched by the national Participation Fund to give a favourable subordinated loan collateral to a BA-input realized through a BAN.

The BeBAN contact details are:

Mr Reginald VOSSEN, Chairman BeBAN

C/o BAN Vlaanderen vzw

Maastrichterstraat 63; 3500 HASSELT (B)

E: r.vossen@banvlaanderen.be; W: www.ban.be

Lobbying

Since 2000 and mid 2001, the Belgian BANs used BeBAN as a platform to discuss with the Finance and Banking Commission in order to clarify the scope of BAN intervention and the compatibility of their action with Belgian legislation on public issues and the obligation to make a prospectus. Because of this legislation business proposals cannot be submitted to more than 50 people and business angel networks cannot ask for money from the entrepreneurs looking for money in their function as a matchmaker. If this would be the case, entrepreneurs are obliged to write a prospectus.



EUROPEANBUSINESSANGELNETWORK- Directory of Network 2006

6. National/regional Support

All BANs in Belgium have secured financial support from their regional government. This support varies from region to region because of the fact that the economical policy is a regional (not a national) competence.

The support of all regional authorities constitutes an official recognition of the contribution of Business Angels to the stimulation of the Belgian economy.

In Wallonia, a guarantee scheme for BA-investments was installed through Sowalfin.

EU support

The European Commission supported several initiatives:

Awareness actions

Ten awareness seminars have been conducted in the late 90’s. They were co-ordinated by the Rйseau des Jeunes chambres йconomiques. Seminars were held in Bruges, Kortrijk, Gent, Antwerp, Leuven,Hasselt, Brussels, Mons, Liиge and Wavre.

Feasibility studies

Two feasibility studies were co-funded in Belgium: one done by GOM Vlaams Brabant and NCMV and another done by PYTHAGORAS n.v. , a private company.

Pilot projects

DG Enterprise supported one pilot project in Belgium. The beneficiary was the Vlerick Leuven Gent Management School.

ERDF-support

One network was supported through the European Regional Development Fund. The beneficiary was Limburg BAN vzw, which merged into the new Flemish network: BAN Vlaanderen.

Interreg III

3 Belgian organizations (BAN Vlaanderen, SOCRAN and WfG Ostbelgien), together with a German (AGIT) and a Dutch (LIOF) partner started the Interreg-project Euban in January 2004. EUBAN is a tri-national network in the Euregio Meuse-Rhine, which aims to generate more BA-activity in this region and to enhance cross-border investments through BA’s. Euban is partially subsidised through Interreg III-funds.


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