carthage business angels

Carthage Business Angels EcosystemPresentation

www.cba.tnwww.wikistartup.tn

www.univenture.orgwww.startact.tn

December 2015

Table of Contents

Tunisian Context

A sub-optimal Entrepreneurship System

Carthage Business Angels Ecosystem

Tunisian Context

We are living a structural political change which cannot be

dissociated from further economic reforms.

The current events provide an opportunity to develop a more

transparent and effective economic governance

In January 2014, the National Constituent Assembly approved

the new constitution (200/217 votes)

Fighting corruption and strengthening the rule of law

are essential for economic growth and development.

The already saturated public sector and the hesitant

private sector operators can’t provide immediate

solutions

The local entrepreneurship ecosystem has a big role in

reducing the pressure on the public sector and

providing new alternatives and employment

opportunities

Tunisian context

An educated and talented Youth

Tunisian youth (15-24 yeard old) represents 20% of

the 11 million population

Despite achieving high rates of literacy (97%),

Tuniia’s education sector is failing to meet the

needs and asipirations of the young generation.

A strategic geographic position in the region

A wealthy african nation with a strong middle

class

A dynamic and diversified economy

Tunisian context

• A population immersed in ICT: 5 Million internet users at

the end of 2014, approximately 49% of the population

• ICT sector present an important potential in terms of job

and wealth creation

• Knowledge economy development: An opportunity to

seize considering the current country assets and the

important development potential

• A strong capacity for innovation and a large penetration of

technology based products

• The ecosystem is growing with numerous

entrepreneurship support initiatives and organizations.

• Knowledge economy development: An opportunity to

seize considering the current country assets and the

important development potential

Table of Contents

Tunisian Context



High barriers to doing business, corruption, complex licenses, rigid labor laws, high taxes, and unfair - competition

Business Registration

Competition

Barriers to exit

Complicated procedural process (Average time of 5.5 months1)Option for entrepreneurs to operate in the informal sector (Informal sector represents more than 40% of the GDP)

An unfair competition the limits the access to markets and growth potentialLaws and regulations are acceptable but the problem is their application and enforcement

Rules and procedures set by the law are too costly, complex and time consuming -> Dealing with bankruptcy informally

Ecosystem Barriers

Financial Support Structures

Support Strutures

Neither the adequate knowledge nor expertise to make assessments of financing new projects Banks can only approve projects that correspond to the field studied Subsequent limits on spending, very little cash money at the start-up phase

Public support structures are fragmented and disintegrated. A confusion between the social and economic missionAn obvious lack of communication and coordination (No shared database of entrepreneurs and projects)

Technology Transfer Inflexible Intellectual Property registration process

Ecosystem Barriers

Education System

Cultural issues

Weak entrepreneurial culture in the universities Very heterogeneous and often unsuitable teaching contentsA lack of interdisciplinary and cross-faculty collaborationA lack of a strategic approach to foster graduate entrepreneurshipMisunderstanding of the market needsEducation system based on implementation not in innovation

Entrepreneurial activity is seen by young graduates as second-best compared with employment in the public sector, which offers more job security

National Innovation Strategy

An unclear vision and an absence of a formalized national innovation strategyA weak and incoherent governance

Comparing Startup ecosystems

Mature (NYC, London..) Less Developed

Vibrant Startup sceneTens of startup events every day,many international events

Some events, but not widelydevolopped, mostly local

Role models and mentors

Many people with big exits, manymentors who advice startups for free

Few role models and not widely access to experiencedentrepreneurs as mentors

Easy access to seed andventure funding

Many educated angels and manyVC’s, many international

Few angels and VC’s, almost all local

Exit opportunitiesEasy access to IPO and corporate buyers

Not easy

Co-working spaces Many Some

Accelerators & Incubators

25 + per city and leading brands like TechStars and Startup bootcamp

Few, mostly local

Table of Contents

Tunisian Context



Partnership

Incubation & acccelerator

Community

Policy & regulation

Mentors & rolemodels

Education & Mindset

Funding

We start indentifying the pillars of a vibrant entrepreneurship Ecosystem…

We are Building the Startup ecosystem in Tunisia

First Business Angels Community

First Private Business Incubator

Research Based Spin-off Program

Business Acceleration program

First private Seed Investment Fund

Acquiring experience in

building Startup

Ecosystem

Last four years, we have been focusing on building basics

We designed a platform to

empower entrepreneurs with

various programs. It takes a 360

degree approach to providing the

support that entrepreneurs need.

We have built this ecosytem with

effective vehicles to turn

concepts and ideas into viable

business

Our ever-expanding network is

the backbone to our programs.

Proactive sourcing

Funding

Incubating & Accelerating

Valuablepartnerships

CBA is the first Business Angels community in

Tunisia.

CBA works to identify and support innovative

projects.

CBA's mission is to initiate projects in the early

stages and to assist them on several aspects:

Fund companies in the very early stages

Enhance the credibility of innovative projects

with other investors

Coaching innovative entrepreneurs

Ensure better corporate governance

CBA is also pioneer in developing programs such as:

Alternative Finance Seminar, Start’Act and

Univenture.

+50 Business Angels

+400 Start Ups

screened

+15 Investedcompanies

+10MDT Fundingraised

+150 Pitchessession

It started with the first Business Angels network

CAPITALease Seed Fund is fund with projected size of

15 MDT. It invests into securities and stakes in

capitals of Tunisian business companies qualifying as

seed-stage Innovative Companies with a targeted

average ticket of 500 KDT.

the Fund's capital will be invested for 50% at least in

Innovative Companies whose activities are in science,

technology, engineering, media and TIC.

CAPITALease will provide support for innovative

companies in need of substantial equity capital to

finance the industrial phase of their projects.

We aim to achieve a net return of 15% per year

15 MDT projected size

An acceleratoroffering a High

QualityDealflow

ExperiencedManaging

Team

Generating & screening

100 projectsper year

+30 Start ups to

invest in

We created then our Seed Investment Vehicle

Wiki Start Up is the first private business incubator

in Tunisia dedicated to Innovation aiming to

promote a new generation of World Class Start-ups

and to impact the entrepreneurial ecosystem.

Wiki Start Up supported several innovative Startups

through technology transfer, mentorship and

technical assistance, and easing access to funding at

the early stage of the project.

Wiki Start Up strives to effectively do : proactive

sourcing, valuable and sustainable partnerships,

incubating and accelerating businesses to viable

ones.

In parallel with the first private Business Incubator

+20 IncubatedStart Ups

+5 Implimented

programs

+20 Partners

+50 Networking

events

+10 MDT fundingraised

UNIVENTURE© is a Business Incubation Program that

covers biotechnology, health, agribusiness, energy

and Media & ICT sectors.

UNIVENTURE aims to enhance research based spin-off

opportunities and ignition of innovative Start-ups,

through a capacity building program combined with

an early stage business plan competition.

Univenture has been awarded best innovation

support initiative at DOHA forum in May 2014.

UNIVENTURE was selected among different programs

operating in the entrepreneurial scene in Tunisia to

benefit from the support of CEED (Center for

Entrepreneurship and Executive Development),

+20 Awardedprojects

+30 000 USD in cash

prizes for Laureates

+500 hoursof sessions

delivered

Awardedbest

economicinnovation atDoha Forum

+50 Mentors

& Speakers

A research based spin-off generation program

Start’Act is a regional startup accelerator program that

fosters and invests in bright and passionate

entrepreneurs with cutting-edge ideas.

The program provides seed funding, strategic

mentorship, a creative workspace, a multitude of perks,

entrepreneurship-focused business training, and

directly support startups through an expansive network

of partners.

We offer a short term, high-impact program to kick-off

the evolution of ideas and business plans to effective

and viable business.

This intensive program aimed at supporting 10

innovative start-ups per year and will enrich

Capitalease’s pipeline.

+30 Dedicatedexperts

+20 000 DT in seed fundingper project

10 Startups per year

+20 local & international

partners

+10 business

networkingevents

A Business Acceleration Program

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