Ukrainian High-Tech Business Angels Network

У п’ятницю, 27 серпня 2010 року, у конференц-залі швейцарського готелю, що у м. Львові, відбувся другий Business Angels Summit. Метою даного заходу стало обговорення теми залучення інвесторів до проектів. А у самій зустрічі взяло участь близько 20 чоловік з різних міст України і не тільки.

Окрему увагу варто виділити гостю з Петербуру, засновнику PayCash та голові ради «Асоціації Електронних Грошей», Віктору Достову. Він же першим виступив із своєю доповіддю на тему «Як народжуються, живуть та помирають стартапи». Віктор відзначив, що від початку роботи над проектом, важливо чітко обговорити усі нюанси із співвласником. Достов порадив розписати їх по пунктах, підписатись під кожним, і сховати у надійне місце. Адже, що буде, якщо людина, якій належить левова частка проекту, вирішить піти? Що буде, якщо всі посваряться? Read the rest of this entry »

We are proud to announce that Second Business Angels Summit will take place in Lviv on August, 27-th. This unique event serves as a communication platform for business professionals, technology specialists and startups.

The Second Business Angels Summit will be a part of Investor Days 2010. Investor Days 2010 will last two days and will include following events:

• Business Angels Summit (August, 27) – its aim is to help business angels to find investment opportunities. We match business ideas and investors in this network. This day will be dedicated to projects selection.

• Lviv StartUp Club 12 (August, 28) – its mission is to support startup entrepreneurs and to develop hi-tech business in Ukraine. Eleven highly successful conferences have been already held in Ukraine.

Among others the following issues will be discussed:

-      How not to miss a successful idea?

-      According to what criteria to select a project?

-      Examples of successful venture investments

-      What are the legal peculiarities for investors in Ukraine?

Participants:

- Private investors who invest in hi-tech startups

- Investment funds that want to open venture direction

- Venture investment funds that invest on seed stage and early stage

- Startup entrepreneurs
 

Conference goal:

- Acquaint investors with the selected hi-tech projects

- Create the culture of the venture investing

- Discuss legal and other issues that are related to startup investments

Conference program:
9:30 Registration
10:00 Victor Dostov “Roadmap for company’s evaluation and selling”
11:15 Coffee break
12:00 Panel discussion “Selection of projects for investments”
12:30 Presentation of selected projects
14:00 Lunch with experts
15:30 Tour-guide through Lviv

Speakers:
Victor Dostov – founder of PayCash, president at Russian Electronic Money Association

Register for the conference!

 

Fee: EUR 80
30 % discount – on confition of registration and payment before August, 26

Location: Swiss Hotel, Knyazya Romana st., 20

List of registered participants:

- Oleksiy Sozinov
- Ruslan Savchyshyn
- Sergiy Lyashenko
- Kirill Sorudeykin
- Ivan Stramyk
- Iryna Avrutova
- Myhaylo Havrylyuk
- Dmytro Tkachenko
- Ivan Ivanusa

Bonus: free participation in  Lviv StartUp Club 12 for Second Business Angels Summit participants.

P.S. Attend Second Business Angels Summit, discover new business ideas and find opportunities!

Nearly 25 people participated in the conference.
An opening speech was made by Rostyslav Chayka, a founder of HTBan.org, who told about the goal of the organization which is:

1)   to select projects of high quality for investment and

2)   to create the culture of the venture investing into hi-tech projects in Western Ukraine.

The main problems that interfere with investing into venture projects were briefly covered: startup entrepreneurs lack experience how to present a project to investor, they don’t know what key factors are interesting for private investor, it is difficult to conduct an expert evaluation of projects with scientific element. These problems lead to absence of venture market in Ukraine and impossibility to invest into high-opportunity startups.

“Out of 100 projects that were presented during 8 months in Lviv Startup Club we have selected 2 that were most ready for investment; we will show them on this conference ” – said Rostyslav Chayka. It was also interesting to listen what services HTBan provides: “Selection and expert evaluation of applications, educational activities, and search of venture funds for following investment rounds”.

Kateryna Mykula, investment analyst of eVenture Capital began her report from analysis of investment funds – what is the difference in statutory capitals, at what stages they invest. The participants learned that eVenture Capital invests from USD 200 thousand to couple of millions. They have made investments into two projects in Ukraine: mapia.ua and one on lead generation. There is also one project realized in Russia. It was interesting to learn about investor types: institutional, portfolio and strategic. Kateryna classified business angels into a) core angels (with experience of couple investments), b) hi tech angels (that are interested in being a part of technology development) and c) ROI – angels that are interested in profit and minimum risks. “Projects with strong team and weak idea are more interesting for our fund rather than vice versa” – marked  Kateryna Mykula. The participants saw the startup cammock of different project growth stages and found out what investors one can count on on these stages. “There are many sources for getting applications for investment. The main are personal contacts, participation in thematic conferences and recommendations of startup-incubators” – added добавила Kateryna Mykula.

Kateryna Mykula, eVenture Capital

The participant learned some peculiarities when IT-entrepreneur makes a deal with private investors from non-IT sphere.

After the discussion, the founders of www.kartinka.com.ua were the first to present their project. The projects is strong with its idea and novelty. There is only one analogue in the USA that is a rival in battle for markets now.

Lviv Business Angel Summit will take place in the “Leopolis” hotel in Lviv on April, 24-th:

• How to choose projects for investing?
• What does businessman actually need from high – tech investor?
• Are there examples of successful venture investments in Ukrainian realities?
• When to do exit from hi-tech project?
• Which legal issues are needed to maintain the investments?

Key facts:

• Ukraine has approximately 8 million of Internet users (18.5%), Russia – 28.1%, USA – 74.7%
• In 2008-2009 Internet advertisement and e-commerce had stable growth whereas real sector had decline
• Lviv is one of TOP-10 IT-outsourcing cities in Europe
• Approximately 100 IT-startups are being developed in Lviv, 500 – in Ukraine

Participants of conference:

- Private investors who invest in hi-tech startups;

- Investment funds that want to open venture direction.

- Venture investment funds that invest on seed stage and early stage.

 

Conference goal:

- Acquaint investors with the selected hi-tech projects;

- Create the culture of the venture investing;

- Discuss legal and other issues which are related to investing in startups.

 

Conference Program:

10.00 Registration

10:30 Rostyslav Chayka. Opening speech.

10.45 Kateryna Mykula “How to choose projects for investing?”.

11:30 Coffee-break

11:45 Round table “Angel investment into high-tech projects”

12:30 Coffee-break

12:45 Presentation of three selected projects.

14:00 Rostyslav Chayka “About Ukrainian High – Tech Business Angels Network”.

Invited Experts:

• Kateryna Mykula  – investment analyst of EVenture Capital Partners
• Volodymyr Khudo – expert in investments attraction, the most famous projects – trade centres VAM and Skrynya

Date: April, 24-th, 2010

Location: Leopolis Hotel, library

Fee: UAH 300 (registration before April, 23)

UAH 500 (registration after April, 23)

All participants of the conference will get free 3-month access to email subscription with offers from selected startups.

P.S. Yes, high-tech projects can change the world!