Innovation America Innovation America Accelerating the growth of the GLOBAL entrepreneurial innovation economy
Founded by Rich Bendis



Dear members,

A new Commission was appointed on February 9th following the approval of the European Parliament. In a hearing at the European Parliament on Monday, January 18th, nominated Commissioner for Industry and Entrepreneurship Antonio Tajani declared his willingness to support small and medium enterprises (SMEs) in the framework of his mandate. "During these difficult economic times we need to unlock the huge potential of start-up entrepreneurs and stimulate them to take the final step and set up a new enterprise. They gain a unique opportunity to learn from experienced colleagues so that their business ideas can become a reality. We need more SMEs to get out of the current crisis. They are creating most new jobs and are the driving force of our economy.” Read more about members of the Barroso II Commission (2010-2014) here.

EBAN’s team in Brussels is busy preparing its 10th Annual Congress hosted by Metutech in Istanbul. Read more about METU President Mr. Ahmet Acar interview with the Hürriyet Daily News & Economic Review on how METU is promoting the concept of “business angels” in Turkey, and how they have established Turkey’s first business angel network association to support early-stage technology entrepreneurs, here.

Award submissions have been issued to all members and we hope that you will participate in this competition!.A Ready for Equity2! Training will be organized for angels and entrepreneurs on the side of the EBAN Congress. Further information will be available on the event website in due course.  EBAN is also proud to announce the kick off of the ACCESS-ICT project, funded under the 7th Framework Programme and coordinated by DG Information Society. This project will focus on helping ICT SMEs which are currently receiving EU funding for their R&D to access venture capital finance. The project will include investment readiness for these SMEs and introduction into investment events of our members and those organized by our partners. We will be in touch shortly to let you have more information about the opportunities provided by this project.Based on the last EBAN surveys, 2/3 of networks reported deals closed in ICT in 2008, which makes it the largest sector of investment for angels. Read more about this in the newsletter below.

Members have recently been consulted concerning their perception of EBAN’s role as a trade association in the coming years. 3 questions have been asked: the 3 most important market trends in the future, the 3 elements on which EBAN should be focusing on, and any network/funds which you consider as the top notch organizations in your region/country. If you have not had the opportunity to answer this survey, which will be used by the Board in order to define an action plan for the next 3 years, please visit the following link: http://www.surveymonkey.com/s/K95DN7R
Enjoy your reading!

Author: Eban