1 / 39

Italian Private Equity and Venture Capital Association

Italian Private Equity and Venture Capital Association. Anna Gervasoni. Il mercato del seed e venture capital in Italia. Pavia , 2 7 th May 2002. A.I.F.I. Investment activity by number, companies and amount. - 26 %. A.I.F.I. 2001: % stage distribution of investments. A.I.F.I.

warren-guerrero
Download Presentation

Italian Private Equity and Venture Capital Association

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Italian Private Equity and Venture Capital Association Anna Gervasoni Il mercato del seed e venture capital in Italia Pavia, 27th May 2002

  2. A.I.F.I. Investment activity by number, companies and amount - 26 %

  3. A.I.F.I. 2001: % stage distribution of investments

  4. A.I.F.I. 2001: % distribution of investments by number of employees 89%

  5. A.I.F.I. 2001: Geographical distribution of investments

  6. A.I.F.I. 2001: Target companies distribution by region

  7. A.I.F.I. 2000–2001: Divestment distribution

  8. A.I.F.I. Fund raising activity (Euro mln)* * Excluding Pan-European funds

  9. A.I.F.I. 2001: Geographic distributionof funds raised on the market

  10. Focus: Early stage High Tech

  11. A.I.F.I. Trend - Number of Seed and Start up investors

  12. A.I.F.I. Trend - Seed and Start up investmentsby number and amount

  13. A.I.F.I. 2001 – Initial rounds vs. Follow on by number and amount

  14. A.I.F.I. Trend - Average invested amountin Early stage (Euro mln)

  15. A.I.F.I. Trend - High tech investment activity by number, companies and amount + 51% N/A

  16. 2001: Stage distribution of high tech investments A.I.F.I.

  17. A.I.F.I. Trend - % of amount and number of investments in high tech companies

  18. A.I.F.I. Trend – Investment activity in high tech companiesby stage (number)

  19. A.I.F.I. Trend – Investment activity in high tech companiesby stage (Euro mln)

  20. A.I.F.I. 2001 –Seed and Start up investmentsby sector(Euro mln)

  21. A.I.F.I. 2001 – Seed and Start up investments by number

  22. A.I.F.I. 2001 - Number of Early stage investmentsby type of investors

  23. A.I.F.I. Trend – Early stage investmentsby type of investors (% number)

  24. A.I.F.I. Evolution of investments (number)in some specific sectors

  25. A.I.F.I. Sectoral distribution of Early stage deals(by number)

  26. A.I.F.I. 2001: Sectoral distribution of high tech investments by number (%)

  27. A.I.F.I. 2001: Geographical distributionof high tech investments (%)

  28. A.I.F.I. 2001: Geographical distributionof high tech investments (%)

  29. A.I.F.I. Italy: Regional Early stage investments distribution by number

  30. A.I.F.I. Italy: Regional high tech investments distributionby number

  31. Focus: The incubation system

  32. The sample • The total sample was made up of 57 players operating on the Italian market subdivided as follows: • 37 incubators linked to Business Innovation Centres (BIC); • 15 incubators located in Scientific and Technological Parks; • 5 university incubators. • Data and information were collected by a three sections questionnaire sent to the sample players • On the total number of active incubators, the response ratio was 86%, representing 38 players on 44. A.I.F.I.

  33. The research evidence • The whole players aim to the promotion of the economic and cultural environment of the territory in which they operate. • On an aggregate level the sample shows the following figures: • over 150.000 m2 of available areas for incubation activities; • about 1.000stations available for new initiatives; • about 200 active employees within incubators; • about 1.180 incubated firms on Dec. 2001; • 500 new firms incubated per annum, on average. A.I.F.I.

  34. The research evidence (cont’) • On a geographical level the survey evidences the following figures: • 76% of players operates exclusively in their own region; • 11% of the total sample is active on a national level; • 13% carry out incubation activity even outside Italy. • Referring to geographical localization, the sample is subdivided as follows: • 54% of incubators is located in Northern Italy; • 14% is in the Centre; • 32% is located in the South. A.I.F.I.

  35. The figures A.I.F.I.

  36. The figures (cont’) A.I.F.I. *average of maximum number of years

  37. A.I.F.I. achievements • A.I.F.I. standard Information Memorandum “Guidelines” for closed-end funds reserved to qualified investors • Bank of Italy regulation (July 19th 2001) for Management Companies (SGR) deicated to small VC funds A.I.F.I.

  38. A.I.F.I. future objectives • Fiscal revision of closed-end funds: carried interest taxation • Legal revision of “honour and professional requirements” of managing directors • Fund raising strengthening: pension funds, Fund of funds • Promotion of public incentives for VC • Contribution for start up costs of management companies (SGR) A.I.F.I.

  39. www.aifi.it

More Related