seed funds study ppt presentation en2

Development of financial schemes and infrastructure to support innovation in Ukraine

The European Union’s Neighbourhood Programme

Development of financial schemes and infrastructure to support

innovation in Ukraine

Seed investments in Ukraine 2005-2010

A project implemented byLouis Berger SAS in consortium with Innova Europe, Aria Consult and Finlombarda

This project is funded bythe European Union


Seed Fund in SME Finance environment

SME Development

Stage:

High Risk Low

• Microfinance• Round Table

of Banks/SMEs• SME Loan

Guarantees

Pro

fita

bili

tyRisk Capital Phase

(Component 1)Loan Finance Phase

(Component 3)

• Cross-Investments

• Seed Finance• Business Angels

Venture Finance Phase(Component 2)

Supporting Policies Financial Instruments

• High Growth Innovative SME Scheme (GIF)

Public Stock Markets: IPO’s & VC exits

Bank Loans & Guarantees

Formal Venture Capital Funds

Seed & Early Stage VCFs

Business Angels

Entrepreneurs, Family + Friends

“Valley of Death”

Pre-seed Seed Start-up phase Emerging growth


Mapping of:

Seed Funds

Business Angels

Supporting Infrastructure

10/11/2010 Louis Berger SAS Consortium


Seed and venture investments in Ukraine 2005-2010

1. Kvazar-Micro (KM-Core)

2. AVentures Capital Fund

3. TechInvest

4. ТехноМост (TechnoBridge)

5. ABRT Venture Fund

6. Ukrainian Vivex Invest LLC

7. eVenture Capital Partners

8. AddVenture

9. IDE Group

10. P&S Asset Management Ukraine


Kvazar-Micro, 1990/KM Core, 2010

www.kmcore.com

Evgeni Utkin,

President

Info-communicative technologies, Microelectronics,

Ecological and energy-saving technologies

KM Techno, КМ Ware – software for agriculture,

health protection, municipal services,

the building industry, transport and others

De Novo - IT services and solutions for banks and companies, datacentre

services

Infogin - Internet solutions with the help of mobile phones

CeLight - research, development and sales of advanced opto-electronic

sub-systems, algorithms and architectures to deliver cutting edge products

and services for its system partners and end-customers.

The Institute of the Newest Technologies in Education (INTE) -

modern facilities for learning about automation and the introduction of

interactive teaching methods

NSOF Connect - mobile commerce and business intelligence platform



IT, Telecom, Internet, clean tech, real estate

companies – total more than $1bln

Unitrade -national consumer electronics retail chain

City.com - national chain of consumer electronics hypermarkets

Melofon - retail chain of mobile electronics

Universal Telecom - fixed-line telecom operator

United Software Corporation - IT company

Softpress - publishing house

Inetgrid - clean energy joint venture company

Trend, New City Development - commercial real estate

AVentures Capital Fund, 1994

http://www.aventurescapital.com

Andriy Kolodyuk,

founder and

Chairman of the board



Serhiy Loboyko,

founder

and Chairman of the board

TechInvest , 2004

http://techinvest.com.ua

APower Cap Technologies- nanotechnology company,

main project of ROSNANO in Ukraine

Security of informational telecommunications systems

-developing and testing IT security soft/hardware tools

Financial Algorithmics - decision support

tools for traders on FOREX

High Tech, IT, Telecom, Internet companies



TechnoBridge, 2006

ІТ & Telecommunications

- Investments amount: no disclosure

Maxim ShkolnikViewdle - Facial recognition startup

IdeasPlanet - domain, web-sites services

Address.UA - property search tool

www.ideasplanet.org



Software, internet and technology

ABRT Venture Fund

http://abrtfund.com

Acronis - data storage management products

InvisibleCRM - a complete natural workspace

Drimmi - games for social networks

Quintura.com - search engine that helps visually find

web pages, images and video content.

Veeam Software - virtual infrastructure management, innovative

systems management software

Ratmir Timashev,

President and CEO



IT, Internet, new technologies, payments,

distribution systems and media


Ukrainian Vivex Invest LLC, 2007

http://www.vivex.pl

Adam Wojacki,

founder & CEO

Global Projects - Online projects development

Seepla.net - Tourism portal

Thousands online trips and descriptions with pictures

Mapia.com.ua - Ukrainian map business directories

Access to a unique database of information about business in

Kiev.

Kopeikoff - fascinating Internet-auction platform

- A person, whose bid will be the last during a specified

auction time, has the right to buy the product for a price

significantly lower than market price.


Myfab.com- e-commerce on demand

Kauf.da - online local circulars

Experteer.de – recruitment platform

More.tv - digital TV solutions

Sapato.ru – on-line shoe store

Address.ua - Ukrainian realty platform

BV Capital and eVenture Capital Partners, 1995

Internet focused early stage venture capital firm

www.evcpartners.com

General Partners:

Thomas Gieselmann

Andreas Haug

Christian Leybold

Mathias Schilling



Employs over 150 people in Edinburgh, London,

Dnepropetrovsk and Zaporizhzhya

Sravni.com - online comparison shopping business

Trud.ua - job and personnel search

GDE.ua fast tool for comparison selection of bank products

Investing fund IDE Capital, 2006

Bill Dobbie,

CEO

http://www.idecapital.co.uk

Digital communities, media services,

telecoms and e-tail businesses



Wi2Geo interactive hybrid navigation system that

combines WiFi, WiMax, GPS and GSM methods

Roomix.ru innovative home goods catalogue with a

built-in online 3D room planner. You can create your

own virtual room

Toolwi.com innovation widget platform. You can

create a widget (or Muzicon) to host on your blog or

social network

Kinokrug.ru combines professional social network

and a bunch of useful services

AddVenture, 2008

http://www.addventure.to

IT start-ups



P&S CAPITAL , 2006

Industria Komunikatsiy

- local marketing and advertising holding:

Kaffeine Communications – full-service advertising

IIII Rim – PR agency

Kensu Interactive – web and multimedia agency

Lead9 – mobile and interactive marketing agency

Krugom Media – media agency

http://www.p-s.com/ua/equity

Dean Mikolič

Founder,

Managing Director

Marketing, PR, advertising, Internet



Intends to raise $20mln to a portfolio of 25 projects:

10 projects at an early stage with $50th - $500th and

15 projects at level «Series-A» at $500th - $2mln

TA Venture Fund, 2010

Victoria Tigipko,

Director*

*General Partner at GrowthUP Incubator, organizer IDCEE 2010

B2C Internet startups in Ukraine

and Eastern Europe

http://www.taventure.com



Donors Supporting Programs

World Bank infoDev program

“Soros Fund” to Ukraine (Anti-crisis

Humanitarian Program for CEE countries

SMEs): up to $25mln

USAID/LINC - Local Investment and National

Competitiveness Project Investment Project Search

SeedCamp – trainings and micro-financing for start-ups

www.irf.ua

http://linc.com.ua

http://seedcamp.com

www.infodev.org



The Association of Private Investors of Ukraine, Kiev

Member of

European Business Angel Network (EBAN)

http://www.uaban.org

Igor Vlasyuk,

Founder• Monthly meetings of Investors Club

• Trainings for members

• Catalogues of Investment proposals

• Abroad missions

• Legislation lobbying

Serhiy Desyak,

UABAN President,

Director of Euroconsulting



Ukrainian Association of Private high-tech investors, Lviv

Help to business angels

- Information about investment opportunities

- Information about venture capital market

- Support in searching and negotiating

Rostyslav Chayka,

founder, business angel,

founder of Lviv Startup Club.

http://htban.org



Incubators

Center for Innovations Development, Kyiv

est. in 1998 by the International Management Institute

Kharkov Technologies

Center of Small Business Development

http://www.kt.kharkov.ua

Incubator «GrowthUP», Kiev

http://www.growthup.com

Incubator “Startuplab”, Kharkiv,

http://startuplab.com.ua

Incubator “LvivStartupClab”

http://startup.lviv.ua



Seed Forum in Ukraine - since 2006

+ the Ukrainian Chamber of Commerce

and Industry

www.ucci.org.ua

Olena Podoleva,

Vice-President Steinar Korsmo,

President & CEO

http://www.seedforum.org


http://www.growthup.com/


Start-ups Contests

http://www.ukrinnovation.com

“Innovative breakthrough” 2009-2010

…Lviv, Kyiv, Kherson, Kharkiv, Dnipropetrovsk…

Alexander Kardakov

http://idcee.eu

IDCEE 2010 in Kyiv

150 applications 3 best startups

IDCEE main stage on October 29


http://www.growthup.com/


- Potential role of Government in

Development of Seed Investments ?

1. Support: Fly and Scale, Moral, PR, Power, Taxes, Co-financing

2. Law to give to state Academy institutions power to deal with its

Intellectual Property Rights (as Bayh-Dole Act)

3. To allow joint ventures between state scientific institutions and

private companies

4. To establish Fund of Funds to invest up to 49% to Venture

Capital funds in Ukraine

5. To develop corporate governance legislation, design new

instruments, as “restricted stock”, “tag along”, “drag

along”, ”reverse vesting” and others



Many thanks for your attention!

Our team is committed to a high level of co-operation and we

looking forward to deliver jointly on Ukraine’s expectations on

innovation support!

A project implemented byLouis Berger SAS in consortium with Innova

Europe, Aria Consult and Finlombarda


seed funds study ppt presentation en2

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