1 / 12

OECD ROUNDTABLE CONFERENCE: SME COMPETITIVENESS Cesme, Turkey 10-11 May 2001

OECD ROUNDTABLE CONFERENCE: SME COMPETITIVENESS Cesme, Turkey 10-11 May 2001. CURRENT STATE OF THE VENTURE CAPITAL SECTOR IN FINLAND Olavi ÄNKÖ Ministry of Trade and Industry (olavi.anko@ktm.vn.fi). Advantages of venture capital.

kamin
Download Presentation

OECD ROUNDTABLE CONFERENCE: SME COMPETITIVENESS Cesme, Turkey 10-11 May 2001

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. OECDROUNDTABLE CONFERENCE: SME COMPETITIVENESS Cesme, Turkey 10-11 May 2001 CURRENT STATE OF THE VENTURE CAPITAL SECTOR IN FINLAND Olavi ÄNKÖ Ministry of Trade and Industry (olavi.anko@ktm.vn.fi)

  2. Advantages of venture capital • Provides a solid capital base for the future - to meet company´s growth and development plans • Venture capitalist is a true business partner, sharing in your risks and rewards, with practical advice and expertise (as required) to assist your business success • There is usually no repayment during the term of investment and usually no interest costs - therefore no detrimental impact on cash flow • There will usually be no charges on your business assets and no personal quarantees • Increases the credibility of the business

  3. Finland: Funds Managed 1991 – 2000 (FVCA) 13776 598 723 960 1184 1932 3203 5849 7965 11910 FIM Million

  4. Fund Investments 1991 – 2000(FVCA) FIM Million

  5. Stage Distribution of Fund Investments in Finland 2000 (FIM) (FVCA)

  6. Stage Distribution of Fund Investments in Finland 2000 (number) (FVCA)

  7. Exits 1994 – 2000 (FVCA) Million invested

  8. Finland: Stage distribution of vc-portfolio by type of venture capitalists 1997 (FIM) (FVCA)

  9. Finland: Stage distribution of vc-portfolio by type of venture capitalists 2000 (FIM)(FVCA)

  10. FINLAND: MAIN ENTERPRISE POLICY MEASURES TEKES (technology) REGIONAL T&E CENTRES (smes) FINNVERA Plc (smes) (export) GRANT PROGRAMS SERVICES RISK LOANS FINPRO (international markets) GUARANTEES SITRA (new tech, innovation) ENTER- PRISES VENTURE CAPITAL FIN. INDUSTRY INVESTMENT Ltd (vc-finance) MTI/Olavi ÄNKÖ 15.2.01

  11. O. Änkö 16.2.01 VC-INSTITUTIONS’ INVESTMENT POLICIES(MTI 21/2000)

  12. Financial instruments and risk (FVCA) FORMOF CAPITAL ORDEROF PREFERENCY IN BANKRUPTCY INSTRUMENTS Interestfreedebt I Riskandreturn low Short-termdebt I DEBT Long-termdebt I Debentures I Debentures II Debentures (convertib- MEZZANINE les and options) II Subordinatedloan III MEZZANINE Subordinated loan (con- vertibles and options) III Preferred shares (no parting right) IV Equity V Preferred shares EQUITY V (parting right) Other restricted equity V Riskandreturn high Unrestricted equity (Incl. reserves etc.) V

More Related