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Conor Carmody. DBIC Range of Services AIB Seed Capital Fund €53M Halo Business Angel Partnership 52M invested in 118 deals to date Guinness Enterprise.

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Presentation on theme: "Conor Carmody. DBIC Range of Services AIB Seed Capital Fund €53M Halo Business Angel Partnership 52M invested in 118 deals to date Guinness Enterprise."— Presentation transcript:

1 Conor Carmody

2 DBIC Range of Services AIB Seed Capital Fund €53M Halo Business Angel Partnership 52M invested in 118 deals to date Guinness Enterprise Centre 80+ companies in incubation with 300+ employees Consultant led; Investor Business Plan Integral part of knowledge intensive start-up landscape

3 Problems of SMEs/Entrepreneurs in Ireland Many firms are too small - cannot achieve critical mass or economies of scale. Need to export earlier Devote insufficient resources to marketing/sales Achieve low productivity/added value levels Emerge from product ideas rather than market opportunities Do little product/market research and lack of capacity to innovate Only marginally profitable Are financially undercapitalised and over borrowed Short on management expertise and resources Lack a strategic perspective

4 Client Assistance Programme Evaluation, Skill Set & Ideas Feasibility Study Assistance Business Plan Guidance Business Plan Preparation Introduction to Finance After Care (on-going business monitoring assistance)

5 Access to Finance Dublin BIC manages the following : Halo Business Angel Partnership€52m invested in 118 deals AIB Seed Capital Fund €53m

6 Match companies seeking funding with investors who are actively seeking to invest in start-up and early-stage companies Match on the basis of funding and skills requirements (Smart Money) 600+ angel investors registered nationally 700+ companies registered and presented to the network ICT start-ups most common – other sectors also www.businessangels.ie www.businessangels.ie Halo Business Angel Partnership

7 7 118 deals €21.57 million Direct Angel Money €52 million Total © DBIC 2013 Halo Business Angel Partnership Pre-2008 2008 2009 2010 2011 2012 2013

8 oAmbitious, growth-orientated companies oGrounded in reality oGood promoter(s)/credible management with a good business proposition oInvestor Ready Business Plan oRealistic about what is involved in attracting investment oUnderstand the voyage to be undertaken! oRespect the INVESTORS Capital What Angels are Looking for

9 Dublin BIC - Investment Partner in Fund Provides early-stage seed capital Dublin BIC select, negotiate, manage all first round investments up to €250k by the Fund in Dublin city & county Active co-investor with Enterprise Ireland & other investors in initial investment round sizes from €300k to €1.5m Fund can also make follow-on investments up to €1.5 million to support expansion AIB Seed Capital Fund - €53m

10 Current Fund Investments Portfolio

11 Guinness Enterprise Centre Founding Members: Managed by:

12 GEC – Key Metrics Size: 6,000 m² Opened in the year 2000 at a construction Cost €7m Incubated 491 companies to date Annual (2012) Economic Activity all companies  Turnover €100m+, with export sales €70m+  Employing 1,010 directly with additional 1,000 support jobs  Contributing €20m in payroll and related taxes  Research & Development spend €8m  Capital Investment of €40m+ (to date). Summary Results: A broad range of companies currently generating annual revenues in excess of €100m and directly employing over 1,000 people.

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14 What Makes Dublin BIC Different Hands on practical consultant which assists companies across through their difficult start-up phase Access to seed funds e.g. AIB Seed Capital Fund Access to angel investors e.g. Halo Business Angel Partnership Business accelerator enterprise incubation centre e.g. Guinness Enterprise Centre Local, national and international network e.g. EBN

15 Contact Us Tel - 01 – 671 3111 info@dublinbic.ie www.dublinbic.ie info@dublinbic.ie www.dublinbic.ie

16 Dublin Business Innovation Centre


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