Post on 16-Apr-2017
Carthage Business Angels EcosystemPresentation
www.cba.tnwww.wikistartup.tn
www.univenture.orgwww.startact.tn
December 2015
Table of Contents
Tunisian Context
A sub-optimal Entrepreneurship System
Carthage Business Angels Ecosystem
Tunisian Context
We are living a structural political change which cannot be
dissociated from further economic reforms.
The current events provide an opportunity to develop a more
transparent and effective economic governance
In January 2014, the National Constituent Assembly approved
the new constitution (200/217 votes)
Fighting corruption and strengthening the rule of law
are essential for economic growth and development.
The already saturated public sector and the hesitant
private sector operators can’t provide immediate
solutions
The local entrepreneurship ecosystem has a big role in
reducing the pressure on the public sector and
providing new alternatives and employment
opportunities
Tunisian context
An educated and talented Youth
Tunisian youth (15-24 yeard old) represents 20% of
the 11 million population
Despite achieving high rates of literacy (97%),
Tuniia’s education sector is failing to meet the
needs and asipirations of the young generation.
A strategic geographic position in the region
A wealthy african nation with a strong middle
class
A dynamic and diversified economy
Tunisian context
• A population immersed in ICT: 5 Million internet users at
the end of 2014, approximately 49% of the population
• ICT sector present an important potential in terms of job
and wealth creation
• Knowledge economy development: An opportunity to
seize considering the current country assets and the
important development potential
• A strong capacity for innovation and a large penetration of
technology based products
• The ecosystem is growing with numerous
entrepreneurship support initiatives and organizations.
• Knowledge economy development: An opportunity to
seize considering the current country assets and the
important development potential
Table of Contents
Tunisian Context
A sub-optimal Entrepreneurship System
Carthage Business Angels Ecosystem
High barriers to doing business, corruption, complex licenses, rigid labor laws, high taxes, and unfair - competition
Business Registration
Competition
Barriers to exit
Complicated procedural process (Average time of 5.5 months1)Option for entrepreneurs to operate in the informal sector (Informal sector represents more than 40% of the GDP)
An unfair competition the limits the access to markets and growth potentialLaws and regulations are acceptable but the problem is their application and enforcement
Rules and procedures set by the law are too costly, complex and time consuming -> Dealing with bankruptcy informally
Ecosystem Barriers
Financial Support Structures
Support Strutures
Neither the adequate knowledge nor expertise to make assessments of financing new projects Banks can only approve projects that correspond to the field studied Subsequent limits on spending, very little cash money at the start-up phase
Public support structures are fragmented and disintegrated. A confusion between the social and economic missionAn obvious lack of communication and coordination (No shared database of entrepreneurs and projects)
Technology Transfer Inflexible Intellectual Property registration process
Ecosystem Barriers
Education System
Cultural issues
Weak entrepreneurial culture in the universities Very heterogeneous and often unsuitable teaching contentsA lack of interdisciplinary and cross-faculty collaborationA lack of a strategic approach to foster graduate entrepreneurshipMisunderstanding of the market needsEducation system based on implementation not in innovation
Entrepreneurial activity is seen by young graduates as second-best compared with employment in the public sector, which offers more job security
National Innovation Strategy
An unclear vision and an absence of a formalized national innovation strategyA weak and incoherent governance
Comparing Startup ecosystems
Mature (NYC, London..) Less Developed
Vibrant Startup sceneTens of startup events every day,many international events
Some events, but not widelydevolopped, mostly local
Role models and mentors
Many people with big exits, manymentors who advice startups for free
Few role models and not widely access to experiencedentrepreneurs as mentors
Easy access to seed andventure funding
Many educated angels and manyVC’s, many international
Few angels and VC’s, almost all local
Exit opportunitiesEasy access to IPO and corporate buyers
Not easy
Co-working spaces Many Some
Accelerators & Incubators
25 + per city and leading brands like TechStars and Startup bootcamp
Few, mostly local
Table of Contents
Tunisian Context
A sub-optimal Entrepreneurship System
Carthage Business Angels Ecosystem
Partnership
Incubation & acccelerator
Community
Policy & regulation
Mentors & rolemodels
Education & Mindset
Funding
We start indentifying the pillars of a vibrant entrepreneurship Ecosystem…
We are Building the Startup ecosystem in Tunisia
First Business Angels Community
First Private Business Incubator
Research Based Spin-off Program
Business Acceleration program
First private Seed Investment Fund
Acquiring experience in
building Startup
Ecosystem
Last four years, we have been focusing on building basics
We designed a platform to
empower entrepreneurs with
various programs. It takes a 360
degree approach to providing the
support that entrepreneurs need.
We have built this ecosytem with
effective vehicles to turn
concepts and ideas into viable
business
Our ever-expanding network is
the backbone to our programs.
Proactive sourcing
Funding
Incubating & Accelerating
Valuablepartnerships
CBA is the first Business Angels community in
Tunisia.
CBA works to identify and support innovative
projects.
CBA's mission is to initiate projects in the early
stages and to assist them on several aspects:
Fund companies in the very early stages
Enhance the credibility of innovative projects
with other investors
Coaching innovative entrepreneurs
Ensure better corporate governance
CBA is also pioneer in developing programs such as:
Alternative Finance Seminar, Start’Act and
Univenture.
+50 Business Angels
+400 Start Ups
screened
+15 Investedcompanies
+10MDT Fundingraised
+150 Pitchessession
It started with the first Business Angels network
CAPITALease Seed Fund is fund with projected size of
15 MDT. It invests into securities and stakes in
capitals of Tunisian business companies qualifying as
seed-stage Innovative Companies with a targeted
average ticket of 500 KDT.
the Fund's capital will be invested for 50% at least in
Innovative Companies whose activities are in science,
technology, engineering, media and TIC.
CAPITALease will provide support for innovative
companies in need of substantial equity capital to
finance the industrial phase of their projects.
We aim to achieve a net return of 15% per year
15 MDT projected size
An acceleratoroffering a High
QualityDealflow
ExperiencedManaging
Team
Generating & screening
100 projectsper year
+30 Start ups to
invest in
We created then our Seed Investment Vehicle
Wiki Start Up is the first private business incubator
in Tunisia dedicated to Innovation aiming to
promote a new generation of World Class Start-ups
and to impact the entrepreneurial ecosystem.
Wiki Start Up supported several innovative Startups
through technology transfer, mentorship and
technical assistance, and easing access to funding at
the early stage of the project.
Wiki Start Up strives to effectively do : proactive
sourcing, valuable and sustainable partnerships,
incubating and accelerating businesses to viable
ones.
In parallel with the first private Business Incubator
+20 IncubatedStart Ups
+5 Implimented
programs
+20 Partners
+50 Networking
events
+10 MDT fundingraised
UNIVENTURE© is a Business Incubation Program that
covers biotechnology, health, agribusiness, energy
and Media & ICT sectors.
UNIVENTURE aims to enhance research based spin-off
opportunities and ignition of innovative Start-ups,
through a capacity building program combined with
an early stage business plan competition.
Univenture has been awarded best innovation
support initiative at DOHA forum in May 2014.
UNIVENTURE was selected among different programs
operating in the entrepreneurial scene in Tunisia to
benefit from the support of CEED (Center for
Entrepreneurship and Executive Development),
+20 Awardedprojects
+30 000 USD in cash
prizes for Laureates
+500 hoursof sessions
delivered
Awardedbest
economicinnovation atDoha Forum
+50 Mentors
& Speakers
A research based spin-off generation program
Start’Act is a regional startup accelerator program that
fosters and invests in bright and passionate
entrepreneurs with cutting-edge ideas.
The program provides seed funding, strategic
mentorship, a creative workspace, a multitude of perks,
entrepreneurship-focused business training, and
directly support startups through an expansive network
of partners.
We offer a short term, high-impact program to kick-off
the evolution of ideas and business plans to effective
and viable business.
This intensive program aimed at supporting 10
innovative start-ups per year and will enrich
Capitalease’s pipeline.
+30 Dedicatedexperts
+20 000 DT in seed fundingper project
10 Startups per year
+20 local & international
partners
+10 business
networkingevents
A Business Acceleration Program