l di bliWelcome to Nordic-European Public Investor WorkshopInvestor WorkshopIVAR H. KRISTENSEN, MANAGING DIRECTOR, NORDIC INNOVATIONSTOCKHOLM, NOVEMBER 23, 2011

29/11/20111

The formal co-operation between the Nordic countries is amongst the oldest and most extensive regional co-operation in the world

The Nordic Council of MinistersBusiness, Energy and Regional affairsMi i f d & i d

The Come back M t I ti

‐Ministers of trade & industry

The Come back kid

Ri h t

Most Innovative

EK‐NE/N + EK‐NE/E Richest Strongest brand

Happiest

N di I ti

EK NE/N + EK NE/E‐ Committees of senior officials

Nordic Innovation Board 

Nordic Innovation 

The Nordic - a world-leading region for innovation and sustainable growth

Initiate co-operation and challenge Nordic actors through new competence and action

innovation and sustainable growth

Implement political initiatives and

communicate thelt

Internationaloverview-

Nordic insightWe orchestrate increased value creation throughresults value creation through

international co-operation

Work to improve conditions for

i ti

Develop and share new competence,

t l tf innovation and cross-border trade

create platforms

We will be known for Our core valuesProfessionalismTransparencyNordic added value

Fostering co-operationTaking the initiative

Sharing competence

Nordic Innovationh i di l i– Orchestrating Nordic value creation

Nordic Innovation is a true Nordic institution without national agenda or

considerations

Nordic Innovation functions as a complement to, and cooperates with,

the national public organizations - a catalyst for Nordic cooperationthe national public organizations - a catalyst for Nordic cooperation

Initiatives involves private and public market players, Nordic ministries,

legal experts and academia

Nordic Investment Solutions, a Nordic advisory firm within private

equity, has been engaged as coordinator since 2004

Why are we here today?Why are we here today?

Nordic initiatives have worked well to create relationships between

public players and to influence public policyy y

For example mandates for public fund-of-funds players have been

changed from national to Nordicchanged from national to Nordic

This model is now expanded to more countries for increased benefits

Experience sharing on tools and models is one way of increasing the

efficiency of public investing

The importance of public initiativesThe importance of public initiatives

Public initiatives are vital for the development of well functioning

venture capital markets

There are no venture capital markets that have been established

without public involvement and supportwithout public involvement and support

The private venture capital market is currently under severe pressure

f f f ffand fund raising for new funds is difficult

EU policy and funding is important for the development of new

innovative companies that can drive European growth

Developing a well functioning Nordic Risk Capital Market

In order to develop a coherent and well functioning Nordic risk capital market it’s

buy-out

functioning Nordic risk capital market it s vital to focus on all stages of the so called food chain of capital.

d

venture

seed

Nordic Innovation initiatives since 2004 stimulating an effective and integrated Nordic VC industry

Nordic Innovation’s current VC initiativesNordic Innovation s current VC initiatives

N di S d C it l I iti ti 2010/2011Nordic Seed Capital Initiative 2010/2011 now in executionNordic-European Public Investor I iti ti i tiInitiative now in executionUpdate: “Obstacles to Nordic Venture Capital Funds”; Legal issues regarding th t bli h t f f d dthe establishment of funds and cross border investmentsPossible Nordic Innovation Fund w/EIF

Th k Y !Thank You!

Learn more about the organisation atwww.nordicinnovation.org