Matching services of the network. Database of contacts
Database of contacts
Meetings
Investment forums and fairs
Internet
How are clients acquired?
Event and information fairs
Newsletter
Targeted publicity
Visits to enterprises
Fees
o Fees charged to business angels: 100Ђ-500Ђ o Fees charged to entrepreneurs: 100Ђ-500Ђ
Estimate of the number of jobs created as a result of the network activity over the last 3 years:n/a
Success story:n/a
EUROPEANBUSINESSANGELNETWORK- Directory of Network 2006
DENMARK
Background
| M |
In 1999, the Danish Government conducted a survey on the feasibility of creating a network for private individual investors in Denmark.
The survey revealed that there was a need for creating meeting points, which could bring private investors and innovative and investment seeking entrepreneurs together. The survey also showed that the meeting points were better off being placed in decentralised areas and locally in close co-operation between the investors and investment seeking firms. On the other hand it also came clear that a centrally located organisation was needed in order to co-ordinate the co-operation and contact among the local meeting points. The Danish state therefore decided to finance the creation of a Danish Business Angel Network with 673.000 Euro for a period of 3 years (2000-2002) and Euro 640.000 for the period 2003 – 2005. DBAN became a part of the DVCA in spring 2004, the Danish Venture Capital Association, www.dvca.dk
The Danish Venture Capital Association (DVCA) was established in 2000 by a group of people interested in innovation, entrepreneurship and private equity funding. Today DVCA has about 60 member companies representing venture capital as well as a number of related professions.
In 2004, 94 business angels joined the association.
Statistics
| Number of BANs | 8(+2)4 | ||||
| Number of Business Angels | |||||
| Number of deals | n/a | ||||
| Number of accredited projects | |||||
| Number of commercial BANs | |||||
| Number of non-commercial BANs | |||||
| Number of national BANs | |||||
| Number of regional BANs | |||||
| National association |
BAN legal status
All the networks set up in Denmark now by the DVCA (previously by DBAN) are private entities public funded.
National association
DVCA acts as the national association coordinating the activities of the 7 local networks.
Lobbying
As a branch organisation, an important issue for DVCA is lobbying towards the political system in order to improve the conditions for start-up companies, business angels and venture capital. In 2003 DVCA handed in 10 new proposals to improve market conditions. 5 proposals have been accepted by the Danish Government.