>> Private equity and technology innovations
The European micro-nanotechnology
business accelerator for small
and medium-sized enterprises
>> Private equity and technology innovations |
The European micro-nanotechnology business accelerator for small and medium-sized enterprises |
|
A known EC supported initiative is the I-TEC initiative, connected
amongst others to www.gate2growth.com.
This initiative bundles 24 mid-sized funds (13-130 EUR mn. of capitalization)
in order to cover 13 EC states with innovation support. Targeted sectors
are beneath telecom, IT, internet, software and hardware with about 70 %
of allocated investments the sectors pharma, bio tech and medical which should
include M@NT business (23 % of investments). The network has appr. 0,5 bn.
EUR under management, having 66 % thereof already committed. Data of the
network should be representative for the behavior of the European early stage
and high tech financing community.
Following the industry trend, the initiative did seed and early stage on the one hand and classic second round financing for market penetration in 12-24 months mature companies. 
In terms of M@NT this could mean, that there is rather a chance to have participated in very early stages, because in one to two years normally this industry’s companies are not yet ready for the second, market proved, round. Another experience from this networks history is, that only 3 % of investment were cross border activities – most of the participating financers did their domestic business. For this reason the heavyweight on France, UK, Germany and Italy in terms of invested amounts (compiling appr. 80 % on their selves) might rather result from the higher participation of these nations’ financers than from advances of these nations in development. 
|