Venture Capital for the Regions Enterprise Equity Venture Capital Group David Cooke 17th October 2005 www.enterpriseequity.ie

Current Investing Territory (ROI)

Belfast (sister company) Offices Dundalk Galway Cork Belfast (sister company)

What are we looking for (1)? High-growth market potential Ambitious business plan (usually involves international expansion/sales) Credible management team Defensible business in the long run

What are we looking for (2)? A minority stake in your business An “exit” in 3 to 7 years A strong financial return from our investment

What you need to do (1) Assemble a team Think how the idea can be monetised Concentrate on making it a defensible business in the long run Spend time talking to potential customers before writing the plan

What you need to do (2) Verify that a ready market exists for the product or service you are launching. “Creating” new markets can work but rarely Write a business plan showing (realistic) sales projections and maximum funding requirement

How can we help? We have been investing in companies since 1987 (experience) Generally take a board seat Networks

Enterprise Equity Funds €15 million fund -> Focus on early stage companies requiring €500K - €1 million €7 million Fund -> Focus on Seed Companies requiring €100K - €250K at the start-up stage

Enterprise Equity Funds Both funds are at an early stage so we are actively looking for good investments Often work with Enterprise Ireland as matching “private” finance

Enterprise Equity Investment Fund Ltd Current “Media” Portfolio Metamusic (Seed Fund) Software for generating music automatically for program makers and film makers. The Value Proposition is the saving on the high cost of music composition and the difficulty in finding composers. O’hEocha Design (Seed Fund) Wireless Speaker manufacturer based in Galway. Selling proposition is high design element, wireless technology lead and audio quality

Conclusion Venture Capital is only suitable for certain types of company A lot of finance is available for the right ideas

Questions?