EU News
EIC | Join the EIC Innovators’ Summit in Berlin (10-11 September)
Join EIC Innovators’ Summit!
The EIC Summit will take place on 10-11 September.
Do you want to join the community of EIC Startups, investors and large corporates?
Send your contacts (first name, last name, email) to romain.bouttier@ec.europa.eu indicating that you are affiliated to Business Angels Europe (BAE).
You are interested to know who is also participating at the EIC event?
The EIC SME Instrument programme has invested in 3 500 innovative companies to get their breakthrough innovations faster on the market. With 8 companies floating on the stock market, 18 acquisitions and a total of €1.3 billion of extra private investment leveraged, the SME Instrument portfolio has climbed among the best European accelerators. Discover more in the recently published 2018 Impact Report.
Several investors, large corporates and finance actors also confirmed their presence: Airbus, Balderton, DOW, EIB, Euronext, Faurecia, GIMV, Iberdrola, Index Ventures, Industrifonden, Microsoft, NASDAQ, Orange, P&G, Robert Bosch, Samsung, Siemens, Solvay, Ventech and many more.
More information and the full program can be found on www.eicsummit.eu, or read on at Tech.eu.
EIT Digital Conference | The Future of Europe’s Digital Innovation: Driving Global Impact With Talent and Deep Tech
For more information and to register please click HERE.
Members & BAE News
ESIL | Early Stage Investors Summit, 5 & 6 November 2018
We are happy to announce the ESIL Early Stage Investors Summit, taking place on the 5th and 6th of November 2018 in Brussels. This event is organized for all the ESIL Local Leaders and will take place on European Commission premises. The ESIL partners are confident that this event presents a worthwhile networking opportunity for all ESIL stakeholders. Indeed, we believe that meeting face to face is the best way to get acquainted with all the services ESIL offers for Early Stage Finance stakeholders.
European Women Investment Forum (15th November 2018)
Meet the leading women angels and the networks that work to stimulate female investment from France and around Europe during the first European women angel investor forum.
In the afternoon, workshops for the WA4E partners and their women angels are organised by BAE. In the evening, Femmes Business Angels opens their event to WA4E partners.
Event sponsored by BNP Paribas Banque Privée and organised by FBA in partnership with Mr. Mounir Mahjoubi, Secretary of State responsible for Digital Affairs.
UKBAA | Save the Date! Mayor of London’s TechInvest Programme, September 28, 2018
Mayor of London’s TechInvest Programme is an exclusive event series supported by the Mayor of London, in partnership with UK Business Angels Association. This four-year London-based series will showcase the Capital as a global hub for tech innovation by inviting London’s most ground-breaking tech entrepreneurs to pitch their businesses to industry leading investors. With five events per year, each will focus on a specific tech sector, drawing in the best start-up, early stage or scaling businesses to be showcased. From our competition series, an expert judging panel will pinpoint businesses with the strongest potential to scale and contribute to elevating London’s global tech-sector.
Industry News
ACA Webinar August 29, 2018 -Achieving the Right Balance in Early Stage Term Sheets
Register Now
Getting to a set of terms that provides substantive coverage without complexity that can hamper follow-on funding is critical to successful early stage investing. Too little coverage adds exposure to excessive dilution and lack of influence; too many onerous terms could dampen future investor participation or open the door to follow-on rounds also securing the same terms, thus mitigating the protections originally intended. Join us for an interview of experienced angel investor and Angel Capital Association instructor Bill Payne by ACA Board Member Kevin Learned to understand the considerations and implications of the terms chosen at the earliest stages of investment to increase the likelihood of success downstream.
Speakers:
Bill Payne, Frontier Angel Fund
Kevin Learned, Boise Angel Alliance
The Times | High-tech powerhouse is running out of room: Cambridge’s future growth is threatened by failure to develop housing and transport.
Crammed into a small, cluttered meeting room at the Moller Centre in the grounds of Churchill College, the boss of one of Cambridge’s most valuable companies is venting his concerns over the city’s crowded technology cluster.
Alan Hirzel is the American chief executive of Abcam, a biotech company founded by a university scientist 20 years ago, which has expanded to become a £3 billion UK-listed business supplying reagents and tools to two thirds of the world’s scientific researchers. Mr Hirzel, 51, has earlier led a meeting of senior colleagues in a hired room at the Moller Centre, a temporary location before Abcam’s move to its £25 million, 100,000sq ft new headquarters on the Cambridge Biomedical Campus in the south of the city.
Crunchbase | Global Unicorn Exits Hit Multi-Year High In 2018
Unicorn exits are taking flight. With the IPO window wide open, an apparent record number of venture-backed companies privately valued over $1 billion have launched public offerings this year. Crunchbase Data shows 23 unicorn IPOs globally so far in 2018, well outpacing full-year totals for 2016 and 2017.
Collectively, this year’s newly public unicorns are doing pretty well too. Most priced shares around or above expectations. We’re also seeing a lot of impressive aftermarket gains. At least six are currently valued at over $10 billion. Meanwhile, unicorn M&A volumes are chugging along as well, with at least 11 deals so far this year. Big transactions like Walmart’s $16 billion acquisition of Flipkart and Microsoft’s $7.5 billion purchase of GitHub have helped boost the totals. It all adds up to some enormous numbers.
Read the full article at Crunchbase.com.
The New York Times | $100 Million Was Once Big Money for a Start-Up. Now, It’s Common.
Known as a mega-round in Silicon Valley, large-scale fund raising is producing a frenzy around tech companies with enough reach and momentum to absorb a large check.
Read the report at the NYTimes.
ACCA | Business models of the future: systems, convergence and characteristics
In 2017, Business models of the future: emerging value creation set out a framework for assessing potential business models. However, it now requires updating to reflect three cross-cutting themes:
- the advances in the changing nature of work and the role of automation
- the social and ethical implications of artificial intelligence (AI)
- the rising urgency of environmental risks that are reaching untested tipping points and materially impacting peoples’ daily lives
As the scale of the impact of these issues comes into sharper focus, they are provoking more concrete responses from business, civil society and regulators.
12 characteristics have been identified that business models of the future are putting together in different combinations. These characteristics behind the models – and their ‘plug and play’ nature – can be understood as the driving force behind business model design.
