Knowledge investments through DIILI
INTRO also offers a channel (DIILI) for marketing & sales professionals to look for a new ‘entrepreneurial’ career in companies presented at the INTRO marketplace on sweat equity basis. This channel serves a renewable group of approx. 100 knowledge investors. These investors also typically invest a small amount of money in the company whose entrepreneur team they join, since this seems to motivate them. By now, over 20 DIILI knowledge investments have been realised. Often this has also resulted in a successful financing round for the company.
Estimate of the number of jobs created as a result of the network activity over the last 3 years: n/a
How do angels exit their investments n/a
Success story: n/a
E UROPEAN B USINESS A NGEL N ETWORK- Directory of Network 2006
| FRANCE |
Background
The first associative network, named Lйonardo, was set up at the beginning of nineties. The first local network (non-profit) initiative in this field was taken by an association of young entrepreneurs called Club Essor 92, and by Andrй Jaunay in Hauts de Seine in 1998, under the name of Investessor. France Angels, the national association, was set up in 2001 in order to develop the number of BANs in France.
Statistics
| Number of BANs | - | 48(35)5 | |||||||
| Number of Business Angels | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | |
| Number of deals | n/a | n/a | n/a | n/a | n/a | ||||
| Number of accredited projects | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | |
| Number of commercial BANs | 5-10 | 5-10 | n/a | n/a | |||||
| Number of non-commercial BANs | n/a | n/a | |||||||
| Number of national BANs | n/a | n/a | n/a | n/a | |||||
| Number of regional BANs | n/a | n/a | n/a | n/a | |||||
| National association |
BAN legal status
In France, almost all BANs are associative BANs. Also notable in this country is that, for tax purposes, a number of private investors have created investment companies that manage their personal stakes in start-ups.
In France, several local saving mobilisation instruments (such as loans without interest and/or guarantee and Love Money) are to a certain extent comparable to Business Angel activities, even though they do not share the exact same characteristics.
In 2003/2004, a new legal framework was adopted in order to support entrepreneurship. Part of the legislation concerns the fiscal environment of investment made by private individuals in start-up enterprises: the tax deduction system was improved and a new type of investment company with fiscal advantages (SUIR: Sociйtй Unipersonnelle d’Investissement а Risque) was created.
National association
FRANCE ANGELS, the national association of local BANs that was created in April 2001, tries to highly increase the number of business angels in France in order to stimulate entrepreneurship in France.
Contact
Contact person: FRITZ Nicolas 16, Rue de Turbigo
75002 Paris
T: 33 1 44 82 77 77
F: 33 1 44 82 77 76
E: contact@franceangels.org
W: www.franceangels.org
5 48 organisations claimed to be networks, while France Angels evaluated the real number of networks around 35.
E UROPEAN B USINESS A NGEL N ETWORK- Directory of Network 2006
Funding sources (2004)
30%
2%
Sponsors
Conference &
trainings programs
68%
Fees from business angels and entreprises
Sponsors: CDC Entreprises (Groupe Caisse des Dйpфts), DCASPL (Ministery for SMEs), Ministry for Research and new Technologies, Salmon Foundation.
Lobbying
The national network has established contacts with the relevant Ministries in order to discuss BA and BAN status, to improve legislation and to promote the BA concept.
