western development commission - raising finance donegal business week

WDC Investment FundWDC Raising Finance for your BusinessDonegal Enterprise Week8th March 2016

WESTERN INVESTMENT FUND :: Investing in Western Enterprise

www.wdc.ie

WDC INVESTMENT FUND

Unique funding mechanism for the West of Ireland

Revolving €32m equity and loan fund

Covering a broad range of sectors from start up through to expansion

Western Region covering Clare, Donegal, Galway, Leitrim, Mayo, Roscommon and Sligo


www.wdc.ie

Background to date

Invested €44m in enterprises in the Western Region

122 businesses support (67 SMEs, 10 micro enterprises, 45 community enterprises)

Supported more than 5,000 jobs

Over €180 million additional investment leveraged by WIF supported enterprises


www.wdc.ie


www.wdc.ie

Equity/Venture Capital

NO GRANT AID – we want it back!

Average initial investment €250k - €300k

We can invest up to €1m in a project

Up to 50% of funding package

SME Investment Fund


www.wdc.ie

Investment in return for a minority stake

Suitable for companies which are capable of significant growth over a short period of time Venture Capital needs an exit – max 10 years but ideally shorter

VC investors typically seek 10X

Equity: SEED/VENTURE CAPITAL INVESTMENT


www.wdc.ie

Commercial/Technical Due Diligence/Approval

Deal Structure & Negotiation

Legal Due Diligence

Monitoring & Commercialization

Exit

INVESTMENT PROCESS


www.wdc.ie

Community Loan Fund

• Focus on job creation (enterprise space, health and wellbeing initiatives which improve the physical environment by providing social and recreational amenities or social care services)

• Loan amounts ranging from €10,000 to €100,000 • Fixed monthly payments at fixed 5% APR• No personal guarantees required


www.wdc.ie

WDC MICRO-LOAN FUND: Creative Industries

• €5,000 to €25,000Loan Size:

• Currently 6.84% Interest Rate:

• Between 1 and 5 yearsDuration:

• On a monthly amortised basis by direct debitRepayment:

• NoneSecurity/PGs:


www.wdc.ie

Potential projects must have;

Strong management team with proven track record

Product/service with competitive advantage, IP Protection

Significant growth potential

Clear route to market


www.wdc.ie

Market/Marketing Market Profile – large/growing Competitor Analysis Customers Sales strategy

Finance Investment Required/Source Most recent Audited

Accounts Up to date

Management A/Cs Financial Projections 3/5

Years

Business plan contents

Project Description Be brief and clear Minimise jargon

Management Team Past experience Technical, marketing

and financial skills Business Contacts Commitment

Product/Service Must Have or Me too? R&D plans IP Protection


www.wdc.ie

Submit

Application Form

with a

Business Plan

and

Financial Projectionswww.wdc.ie/wdc-investment-fund [email protected]

WIF Application Procedure