Innoventure Europe – Lessons from transnational funding events

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KARIM ran a series of 4 European funding events in 2012 and 2013 on key responsible innovation topics.

  • June 2012 : Smart Energy Systems (Efficiency – Generation – Grid – Storage – Management)
  • December, 2012 : Health Technologies (Prevention – Care – Equipment – Toxicology – Nano-bioscience – Biotech)
  • April 25, 2013 : Environmental Technologies (Emissions capturing – Air – Soil – Remediation – Waste – Water)
  • October 17, 2013 : Information & Communication Technologies (Hardware – Software – Green IT – Cloud – Data – Social – Mobile – Open)

This article summarizes achievements and lessons learnt.

What happened ?

Best of Breed start-ups : Innoventure Europe offered active investors a reliable sourcing channel of pre-qualified investment ready opportunities per event, within key growth sectors, across geographies, and development stages – seed, growth, expansion – all in one place, in one afternoon.

Pan European opportunities : Innoventure Europe provided pre-qualified start-ups and SMEs operating in these key sectors direct access to pan European venture capital funding opportunities.

Overall, sixty three SMEs were selected to perform a 5 mn pitch at Innoventure Europe sessions in front of a range of investors. The events consisted of alternate pitching and networking sessions where SMEs could  carry on exchnages with investors. The companies originated from France (40), UK (11), Germany (3), Switzerland, Austria, Israel, Ireland, Netherlands and Finland.

All SMEs were coached a few days before the funding event, to prepare their pitch in English and tune it according to investors’ expectations.

SMEs gave a feedback at the events. 12% responded to the end of project questionnaire, out of which 5 were interviewed by phone. The feedback below is deemed to provide a fair reflection of the impact and lessons (most comments and views are converging), although it does not pretend to give a full extensive picture from all participants.

Impact

The amount requested ranged from 400 k€ to 30 M €. The total amount requested over the four events reached 200 M €. For the 8 SMEs that sent a detailed feedback, the funding leverage amounts 1,5 M €. In addition one company reported entering the stock market with a funding leverage of 18 M €. Although either impact cannot be attributed directly or only to Innoventure Europe, it is assumed that the event has contributed to the European visibility of the company and increased its capacity to look for foreign investors in North West Europe.

SME Feedback

Thanks to the coaching, SMEs gained in self-confidence when presenting their innovation project in front of an international audience, and have advised the training to colleagues. For some of them, the exercise of a short pitch was new, and seminal for the further search of investment. The pitch video, made available to SMEs for their own use, was especially appreciated by these companies that didn’t have any presentation material in English so far.

« We had a new project, and Innoventure Europe was the perfect place to test a pitch for this new product, promote it and check that we were mature enough to meet investors »

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Categorisation of VC, PE, and loan capital

 

 

 

 

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