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Accessing Business Finance workshop 26 th February 2014

Accessing Business Finance workshop 26 th February 2014. W e a r e the only o r ganisation which has been tasked by both Gove r nments to boost North/South economic co-operation for the mutual benefit of Northe r n I r eland and I r eland. Who we a r e & what we do.

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Accessing Business Finance workshop 26 th February 2014

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  1. Accessing Business Finance workshop 26th February 2014

  2. We are the only organisation which has been tasked by both Governments to boost North/South economic co-operation for the mutual benefit of Northern Ireland and Ireland. Who we are & what we do. We support SMEs across the island to identify and develop North/South trade and innovation opportunities. We do this through: Business programmes Research & statistics Networks and partnerships

  3. At a glance business support Our range of cross-border business initiatives offer practical funding, information, advice and support to help SMEs. Sales & Marketing Innovation & Collaboration Equity Finance nSales and marketing support - Acumen nCompany-graduate-academic partnership - Fusion nAll-island Seedcorn Investor Readiness Competition nSales development support for small business - Elevate nBusiness Angel Networks and Syndicate groups nBusiness transformation and strategic planning - Challenge nTenderworkshops, training and mentoring –Go-2-Tender nEquity advisory service -one to one advice from our equity expert nHorizon 2020 supports - voucher scheme and information service nVenture Capital Conference annual event nMeet the Buyer events nBusiness plan workshops, guides and events nTrade accelerator voucher scheme for cross-border business advice on legal, financial and regulation issues nInnovation events, workshops and masterclasses - All Island Innovation Programme nRegional Equity Advisory clinics nEntrepreneurship master classes

  4. Venture Capital & Business Angel Finance • €285m venture capital raised by SMEs on the island in 2013 • What is Venture Capital? • Investor invests £1 and hopes for a £10+ return • Importance of the relationship between investor and company • Would you rather own 100% of something small or 20% of something much greater?

  5. Advantages & disadvantages of Venture Capital • Advantages: Accelerates growth • Adds credibility • Unsecured finance • No cash flow impact • Potential for higher exit valuation • Discipline & strategic focus • Potential for follow on funding • Disadvantages: Reduction in shareholding • VC has control over major decisions • VC exit requirement may cause conflict • One of the most expensive sources of finance and only suitable for a small number of companies

  6. Raising Business Angel Finance • What is a business angel & how can they help my company grow? • How do I find a business angel? • 2013 50 deals facilitated by the Halo networks €8m angel/total funding €26m • Is my company suitable for business angel finance? • What is a business angel syndicate? • Resources available • Northern Ireland www.nisp.co.uk/halo • Republic of Ireland www.businessangels.ie • Syndicates www.hban.org

  7. All-island Seedcorn Investor Readiness Competition n Annual business competition for the best early-stage companies on the island with a cash prize fund of €280,000 n Improve your business plan and get ‘investor ready’ - all entrants join an exclusive all-island community of entrepreneurs, investors and business leaders intertradeireland.com/seedcorn Raise Venture Capital Benefits of entering: Independent feedback at all stages Assistance with pitch preparation Assistance with preparing a solid business plan (Business Planning workshop, Derry 22nd August 2014) Independent validation of your business case Make contacts and gain exposure to investors PR and media opportunities Get your company known  - fast No equity stake taken in exchange for prize money CASH, CASH, CASH! Closing date Friday 30th May 2014

  8. Information, Advice and Events n Annual all-island venture capital conference:– 11 March Titanic, Belfast Raise Venture Capital n Business plan workshops, investment pitch master classes and entrepreneurship master classes throughout the year n Free one-to-one regional equity advisory clinics for eligible companies (e.g. Derry 21st August 2014) n Free online guides on venture capital and business planning intertradeireland.com/equity

  9. Contactus…. www.intertradeireland.com Follow us on Facebook Join the conversation on twitter

  10. InterTradeIreland The Old Gasworks Business Park Kilmorey Street Newry Co. Down BT34 2DE T: 028 3083 4100 (048 from Ireland) F: 028 3083 4155 (048 from Ireland) E: info@intertradeireland.com W: intertradeireland.com

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