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
www.franciscobanha.com