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Know how and capital for new companies and entrepreneurs

Know how and capital for new companies and entrepreneurs. www.innofinance.fi . info@innofinance.fi . Tel. +358 20 743 2500 . Fax +358 20 743 2501. Innofinance. Private venture capital company, specialised to seed financing Venture capital activities since 1997

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Know how and capital for new companies and entrepreneurs

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  1. Know how and capital for new companies and entrepreneurs www.innofinance.fi . info@innofinance.fi . Tel. +358 20 743 2500 . Fax +358 20 743 2501

  2. Innofinance • Private venture capital company, specialised to seed financing • Venture capital activities since 1997 • Investments to all line of businesses • Company manages five funds – capital under management 36 M€ • We have invested in 114 companies, out of which 60 in current portfolio • In addition to funding we work closely with our portfolio companies to develop their businesses • Personnel: 9 • Sites: Espoo, Lappeenranta and Tampere

  3. Venture capital investments experience/networks INVESTORS capital COMPANIES business idea growth profitability exit Return on capital

  4. Focused to develop companies in seed phase Challenges • Funding • Strategy evolution and implementation • Know how and business experience • Contacts (clients, partners, recruitments) • Credibility We offer • Seed and follow on - funding • Strategic planning • Known venture capital player with respected professionals • Experienced Board-professionals • Working models,reporting, practices • Extensive contact network

  5. Innofinance seed funding • Equity and loans • Utilising other sources of financing • Public financing and banks • Business angels • Flexible and fair solutions for entrepreneurs

  6. Working models and practices • Corporate Governance • Active Board with reliable reportng • Hands – on with the management • Business plan • Execution capability • Goal setting • Reporting and estimates • Cash flow • Activity plans

  7. Extensive contact network Public sector Finnvera Finpro Foundation for Finnish Inventors Sitra Finnish Venture Capital Association Finnish Industry Investment Tekes Employment and Economic Development Centre Incubators and business developers Finn-Medi Hermia Business Development Professia Technopolis Ventures Technology Centre Kareltek Business Angels Venture Capitalists Banks Account Offices Law Offices Personnel Services Facilities Insure Companies

  8. Martti Hintikka Managing Director Partner Juha Turunen Investment Director Partner Heikki Miettinen Investment Director Partner Mikko Karhu Investment Analyst Marko Tulonen Investment Director Partner Turkka Oksanen Investment Director Partner Mari Lymysalo Investment Manager Miia Pullinen Investment Assistant Managers

  9. Factors for Success • The Entrepreneur and the Team • Most important factor in investment decision • entrepreneurship • motivation • Spirit for cooperation • Competitive products and services • International business potentila • Credible growth path • Exit-potential

  10. Investment process • 6. Closing • sha • loan aggreements • - documentation 2-6 months • 5. Investment desicion • - Innofinance management • Investment Commitee/ • Board • 4. Investment • amount • structure • negotiation • VC role • terms • 1. Contact • presentation • business plan • 2. Company • presentation • business idea • markets • - revenue model • - team and owners • - financials 3. Analysis - business plan - market research - technology/IPR

  11. Investments by sector/Seedcap Ky (2000 – 2005)

  12. Investee companies

  13. Exits Eden Springs Finland Oy, www.edensprings.fi Leasing of spring water coolers for businesses and communities ABR Innova Oy (partial exit), www.abr.fi Surfacing systems for industry bases on nano technology Camelina Oy, www.raisiogroup.com Plant production, manufacturing and sales of foods Photonium Oy, www.photonium.fi Supplier of equipment and technology for the fiber optics industry

  14. Eden Springs Oy Finland “The fact that Eden Springs is now part of an international group is no coincidence. Our single-minded efforts to internationalize required a huge input of intellectual and capital resources from both our supporters and ourselves.In my opinion Innofinance’s flexibility in financing and its ability to spur on our management team at critical moments as we transferred from the national to the international arena played a key role. It is impossible to overemphasize the importance of such partners in developing a company.” Tom Lindberg, CEO, Eden Springs Oy, Finland

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