BUSINESS ANGELS IN PORTUGUESE

DIASPORA

FNABA- FEDERAÇÃO NACIONAL DE ASSOCIAÇÕES DE BUSINESS ANGELS

By Francisco Banha, Board President, in ACA CONGRESS S.FRANCISCO , 19 APRIL 2013

Recent Financial Evolution of Portugal

The government was incapable of doing

anything to improve the situation when the

country was declared on the verge of

bankruptcy by 2011.

Anxiety on financial markets

Austerity measures amid increased

pressure on government bonds

Bailout loan, bank rescue and

further austerity measures

Re-access to financial markets

'The Times' 30Th January

World record! Surfing a 90 ft wave in Nazare , Portugal!

Portuguese Entrepreneurial Ecosystem!

Grand

Companies

and

corporate

Ventures

Academic

and

scientific

Institutions

Independent and

Institutional

operators and family

offices

Dynamics

Agencies

and

Structures

Tech and

Hosting

Structures

THE TALENT WE HAVE TO NURTURE

During the visit of Cavaco Silva to the

factory of Cisco Systems in Silicon

Valley, John Chambers underlined

also that «Portugal is a good country

to invest and with good work ethics

and with great universities, such as

Técnico».

75.000 researchers in Portugal :

76% in universities and

24% in companies

“BA IN PORTUGAL: IT ALL STARTED IN JANUARY 2000”

IAPMEI- Suporte Institucional

39

WORLD BUSINESS ANGELS ASSOCIATION

International platform for the professionalization of

BA, sharing of good practices and promoting the

entrepreneurship around the world.

Founding countries: Portugal, Spain, United

Kingdom, France, Italy, India, China, USA, Chile,

Australia and UAE.

Business Angels Leaders Forum

Outubro 2007

9 DIASPORA BANS AROUND THE WORLD

San Jose/

Silicon

Valley

Canada

New York/

Washington

São Paulo/

Rio de Janeiro

Paris

Angola/Mozambique/

Cape Verde

Macao

Australia

Dubai

/UAE

MAIN TARGET

Launch of this Diaspora BANs project occurred

on November 2011 during the Portuguese

Republic President visit to the USA.

FNABA was one of the 7 entities to be on the Presidential visit entourage

THE PRESIDENT SUPPORT

Public Contest initiated in: August 31st 2008 and in force since: March 2011

Mechanism: Program COMPETE (with European Financing)

Initial Financing: 10 Million Euro

Total financing: 28 Million Euro

Number of applicants: 67 – 52 FNABA

Number of approved applications: 54 – 46 FNABA

Number of Business Angels involved: 267 – 217 FNABA

Funds given to Business Angels: 12.5 Million Euro

Funds given by Caixa Capital: 1.5 Million Euro

78 Investments made in 24 months in the amount of: 10.4 Million Euros

31.6 Million Euro available to invest in start-ups

BUSINESS ANGELS Co-

Investment Fund

SUITABLE FINANCING TOOL

Diaspora’s leaders profile

(i) Knowledge about the Entrepreneurial Ecosystem in their region: Business

Angels, VCs, Universities, Business Associations and other local agents;

(ii) Frequent contacts with Portuguese entities and bodies – Financial System

(Eg: Caixa Geral Depósitos, Banif…); State Secretariats; AICEP, private

companies;

(iii) Knowledge about the venture capital’s Modus Operandi;

(iv) Capacity to nurture the relationship and “network” culture between

Portuguese businessmen and investors throughout their region;

(v) Business experience both as founder and manager;

PORTUGUESE

DIASPORA PT

Portuguese

Co-Investment

Fund

Only PT

money

Portuguese

Startup

Portuguese Bas

Side

car Funds

DIÁSPORA

Bas

Funds

Entrepreneurs

Portuguese

Gov. Fund

Diaspora

BANs

US

Startup

BAs

Local

Portuguese Fund For Diaspora

First Diaspora BAN In California!

Second Diaspora BAN In Dubai !

USA Promoters: Armando Pereira, Helder Antunes and Manuel Bettencourt;

DUBAI Promoters : Pedro Mendes and Henrique Ribeiro

Portuguese Gov. Fund Diaspora BANs Value: 25 M USD

(i) CALIFORNIA FUND – 11 M USD • Diaspora Bas : 5 M USD • Portuguese Government: 5 M USD • Azores Regional Fund : 1M USD

(ii) DUBAI FUND – 5 M USD

• Diaspora Bas : 2.5 M USD • Portuguese Government: 2.5 M USD

Portuguese Co-Investment Fund and news Start-ups

If you want to go fast, go alone;

If you want to go far, go in group. African proverb

Francisco Banha Board Member, EBAN

Board Member, WBAA

President, FNABA

President, Business Angels Club

fbanha@gesbanha.com

www.franciscobanha.com