1. Venture Capital for the Regions Enterprise Equity Venture Capital Group
David Cooke
17th October 2005

2. Current Investing Territory (ROI)

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

4. 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

5. 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

6. 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

7. 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

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

9. 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

10. 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

11. 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

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

13. Questions?