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The EIF Corporate Innovation Platform

Patric Gresko

Ecosummit  Berlin  2013  

European Investment Fund: Fostering Entrepreneurship & Innovation in Europe

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Europe’s Leading Developer of Risk Financing for Entrepreneurship & Innovation ”

EUR 12bn of assets under management of which EUR 7bn in venture capital and growth funds

Policy and Financial Return objectives driven AAA rated

Public Private Partnership European Investment Bank, European Commission and 25 financial institutions EUR 3bn share capital

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EIF Corporate Innovation Platform

EIF Venture Capital activities at a glance

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Europe’s largest and most influential investor in European Venture Capital… ”

Invested in 260+ Venture Capital funds

“ 3800+ Portfolio companies

More than 170+ VC fund manager relationships

99% visibility on European venture market

Invested in 80% of active European VC funds

€3.8bn Investments in European Venture Capital funds

Backing first time funds managed by tomorrow’s top quartile teams

First mover in Europe’s emerging markets and technology sectors

EIF Corporate Innovation Platform

EIF support to Cleantech

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…and probably Europe’s largest and most influential Cleantech investor in European Venture Capital ”

€ 200m invested in pure-play Cleantech funds since 2006

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EIF Corporate Innovation Platform

8 fund managers supported / 9 VC funds

Strong pipeline of funds in 2013

+275 cleantech underlying companies

The Cleantech experience so far…

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The Symptoms

EIF Corporate Innovation Platform

The Issue(s)

The Way Forward

The key opportunity

Introducing the European Investment Fund 2013 Presentation: Corporate Innovation 6  

Bring together what belongs together through an efficient, facilitated and trusted collaboration platform

SMEs  

Investors  Corporates  

EIF Corporate Innovation Platform

Pla8orm  Partners  

EIF Corporate Innovation Platform: The Mechanics

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Corporates (up to x40) Strategic Investors EIF

EIF Innovation Platform

Sustainability Smart Things Health & Wellbeing

VC1-8 Business Angels

Digital Life

VC1-8 Business Angels VC1-8 Business

Angels VC1-8 Business

Angels

Up to 10 Corporate Investors

per Theme

EUR 600m

EUR 150m per theme

~8 VC funds per theme, total

32 VC funds + BA

15-25 portfolio companies per

VC fund

Strategic Platform Partners

Accelerators …

EIF Corporate Innovation Platform

A platform of continuous collaboration and mutual value creation

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EIF Corporate Innovation Platform – Engagement Model

Tailored solution to meet the needs of each corporate “ ”

Complement your participation in the platform with access to existing EIF portfolio

Be informed of key developments in other themes & underlying portfolio

Collaborate with selected start-ups, VC fund managers and other strategic investors

Advise on Selection of VC funds for the platform

Tailor your participation in the platform

EIF Corporate Innovation Platform

Tailored access to EIF’s existing and future venture portfolio in addition to the platform

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3800+ Portfolio companies

Cornerstone investor in 80% of active European VC funds

260+ VC funds and 170+ VC fund manager relationships

§  Benefit from the entire underlying portfolio companies of venture capital funds EIF is invested in.

§  Collaborate in the identification of innovative early-stage companies and technologies of interest to corporates

§  Count on EIF to establish relationships with relevant VC teams, who are not part of the platform

EIF VC Portfolio EIF

Corporate Investor

Regularly scan the portfolio to match the selection criteria

Particular focus area

Introduction to VCs / companies matching selection criteria

Existing portfolio of 3800+ companies Future portfolio

EIF Corporate Innovation Platform

Contact

10  EIF Corporate Innovation Platform

European Investment Fund 15 Avenue J.F. Kennedy L - 2968 Luxembourg www.eif.org corip@eif.org

Disclaimer This document is a working document, it does not constitute any offer to sell, or the solicitation of an offer to buy, any ordinary shares or to commit to invest in the corporate innovation platform or any of its sub-funds and is for discussion purposes only. This document does not create any binding obligations for the European Investment Fund or any other entity referred to in this document. The information contained in this document is private and confidential. Recipients of this document agree to keep the information contained herein private and confidential and agree not to photocopy, reproduce, distribute or disclose this document, the information contained herein, or any part of the document to any persons without the prior written consent of the European Investment Fund or its representatives. Each recipient hereof by accepting delivery of this document agrees to return it and all related materials to the European Investment Fund upon request. This document describes in summary and preliminary form the proposed terms under which the corporate innovation platform is expected to be set up. The corporate innovation platform is not in existence yet and as a result the proposed terms of the corporate innovation platform as described in this document may change. This document is not an offering of securities for sale in any jurisdiction. Any offer of ordinary shares in the corporate innovation platform and in any of its sub-funds will be made only by means of the final version of a private placement memorandum and of the articles of incorporation of the corporate innovation platform and the final versions of these documents should be read before any investment decision is made. If there is any inconsistency between this document and the final version of the private placement memorandum and the articles of incorporation of the corporate innovation platform, the final version will prevail. The fund’s final documentation will contain more detailed descriptions of all the material terms of an investment in the compartments, including discussions of certain specific risk factors, conflict of interests issues, tax considerations, fee and other matters relevant to prospective investors in the compartments. Prospective investors should be aware that an investment in the corporate innovation platform will involve a significant degree of risk and that there can be no assurance that the investment objective of the corporate innovation platform will be achieved. Each prospective investor should consider and is strongly urged to seek independent advice as to the tax consequences of investing in the corporate innovation platform.