e finance the Knowledge

Transcription

1 e finance the Knowledge

2 Who are the partners? 1. UNIRISCO Galicia SCR A Coruña a University Santiago University Vigo University 2. León n University 3. Valladolid University Foundation 4. Salamanca University 5. Torres Quevedo Foundation (Cantabria University) 6. Carlos III University (Madrid) 7. Parque Científico de Madrid (Autónoma and Complutense Universities) 8. Valencia University 9. Politécnica of Valencia University 10. Alicante University Foundation 11. Miguel Hernández ndez University (Elche) 12. Extremadura University 13. Cádiz University 14. Empresa Nacional de Innovación (ENISA Ministry of Industry)) 16 Universities

3 UNINVEST PROJECT: Bridge the gap I+D Unifondo Finance Detect and Business technological evaluate world companies investment opportunities Research world Financial Manage the Fund world resources Turning Research Results into Profitable Companies

4 The Fund I+D Unifondo Turning Research Results Into Profitable Companies

5 I+D UNIFONDO Venture Capital Technological Fund EUR Investing in scientific/ New technology based companies,, Start-up up s from the University and/or other Public Research Centers (CSIC, )

6 Profile Investment Sectors: Health Care Biotechnology New Materials and Nanotechnology Information and Communication Technologies Environmental Science Standard Investment. 200,000.- up to

7 CaixaGalicia CaixaNova Grupo Santader INDITEX I+D UNIFONDO Investors= 70% Private + 30% Public Axis Participaciones (Instituto de Crédito Oficial) Grupo San José Banco Epirito Santo Fondo Emprende ( Xesgalicia SGECR SA) ENISA (Emp. Nacional de Innovación) n) Total 18,5 Mill EUR

8 I+D UNIFONDO Investments

9 Venture CAPITAL Venture capital invest on companies and well structured projects, viable and managed by a capable team

10 VENTURE CAPITAL-DIFFERENT TYPES 1 Seed: investments on the previous stages to the massive production (prototypes, R and D, ) Start-up: initial development and first commercialization (recent created companies) Expansion: consolidated companies (with profits) that need to cover new business challenges Replacement: buy-sell of shares between investors Redirect: relaunchement of companies with financial difficulties

11 RISK CAPITAL IN SPAIN 1 MADUREZ Development degree of invested companies in Spain Source: ASCRI ,2% 0,2% 0,8% 6,7% 21,1% Semilla seed capital Start up Expansión Expansion Sustitución Replacement MBO/MBI Otros Others 65,0%

12 RISK CAPITAL IN SPAIN 1 TOTAL VOLUME INVESTED on 2005: 4.117,7 M x2 compared to 2004 Transactions: Jazztel, Imaginarium, Vueling, Seed capital 8,4M and 50 transactions Start-up: 109,3M Source: El capital semilla no germina en España (EL PAIS 2 de abril de 2006) ASCRI:

13 RISK CAPITAL-HOW IT WORKS? 1 PROMOTERS It is the most important factor The financial partner is active but does not take part on the daily management Settlement of interests: promoters, investors, technology owners, Principal reasons for rejection (Source: EVCA) 51% 15% 9% 9% 7% 5% 4% Management team Project sector Business Plan not solid No viability of the project Uncertain/Insufficient market Insufficient profitability No originality at all

14 RISK CAPITAL-HOW IT WORKS? 1 Being highly selective Looking for companies with innovative products and competitive advantages in mature and with high expectation markets Supporting capable teams Investing on companies with a real and clear possibility of de-investment

15 Venture CAPITAL 1 Venture capital invest on companies and well structured projects, viable and managed by a capable team

16 VENTURE CAPITAL-DIFFERENT TYPES 1 Seed: investments on the previous stages to the massive production (prototypes, R and D, ) Start-up: initial development and first commercialization (recent created companies) Expansion: consolidated companies (with profits) that need to cover new business challenges Replacement: buy-sell of shares between investors Redirect: relaunchement of companies with financial difficulties

17 RISK CAPITAL IN SPAIN 1 MADUREZ Development degree of invested companies in Spain Source: ASCRI ,2% 0,2% 0,8% 6,7% 21,1% Semilla seed capital Start up Expansión Expansion Sustitución Replacement MBO/MBI Otros Others 65,0%

18 RISK CAPITAL IN SPAIN 1 TOTAL VOLUME INVESTED on 2005: 4.117,7 M x2 compared to 2004 Transactions: Jazztel, Imaginarium, Vueling, Seed capital 8,4M and 50 transactions Start-up: 109,3M Source: El capital semilla no germina en España (EL PAIS 2 de abril de 2006) ASCRI:

19 RISK CAPITAL-HOW IT WORKS? 1 Being highly selective Looking for companies with innovative products and competitive advantages in mature and with high expectation markets Supporting capable teams Investing on companies with a real and clear possibility of de-investment

20 I+D UNIFONDO Contact 2 Contacts Santiago de Compostela UNINVEST Edificio CACTUS Campus Universitario SUR Santiago de Compostela Teléfonos: Madrid UNINVEST C/Santiago Grisolía, 2 PTM-Parque Parque Científico de Madrid Tres Cantos (Madrid) Teléfonos: [email protected]