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ABAN: The African Trade Associa2on for Business Angels, Seed Funds and Early Stage Market Players
“Unlocking capital for early stage innova4on"
ABAN is a pan-‐African non-‐profit associa2on founded to support the development of early stage investor networks. ABAN began as a consor2um of independent African Angel inves2ng networks including Lagos Angels Network (LAN), Cameroon Angel Network (CAN), Cairo Angels, Ghana Angel Network (GAIN), Venture Capital for Africa (VC4Africa), Silicon Cape, DEMO Africa and the European Business Angel Network (EBAN). ABAN’s mission is to help develop early stage inves2ng in Africa by providing the support, networking opportuni2es and essen2al resources Africa’s Angel Inves2ng Syndicates & Networks need to maximize their impact.
ABOUT ABAN
Angel Investing in Africa
Tomi Davies President ABAN
Why it maXers now!
African Business Angels Network
Infrastructure is first in line!
• POWER that works for everyone
• AGRICULTURE to feed the world
• EDUCATION for the youngest on earth
• HEALTH for a mobile workforce
The race to build Africa has already started!
Service is the key that will unlock the continent!
Food, Property, Transporta2on, Communica2ons, Entertainment,
Retail & Consumer Goods, Professional Services, Banking &
Finance….
The rise of technology enabled mobile services
Africans MUST participate at each level
Private Equity: Large Scale Regional Infrastructure Ini2a2ves
Venture Capital: Mul2-‐na2onal Corporate Enterprise growth & expansion
Angel/Seed Capital: Micro, Small & Medium sized Business development and growth
The building and growth is happening on all levels!
Who is an Angel Investor?
• Accredited individual with annual discre2onary income of $10k plus available for investment in early stage companies
• 3-‐5 Year term commitments for invested funds!
• Annual investment fund of $5k plus ($25k in 5 years)
• Annual mentoring/coaching of 20 days (100 days in 5 years)
• Annual business introduc2ons of 4 contacts (20 contacts in 5 years)
• NB: Target is a pordolio of 10 startups/early stage companies
Each syndicate/network is encouraged to adopt an angel profile standard as part of its consStuSon.
ABAN Guidelines for Syndicates & Networks
Angels do better with other Angels!
Syndicates/Networks increase the chances of success!
– The Needle in the Haystack Challenge – Collec2ve Resources
• Deal Flow & Terms • Quality Monthly Mee2ngs • Angel Inves2ng Resources • Networking Events
– Interna2onal/Ins2tu2onal Collabora2on & Support • Capacity Development • Co-‐Investment • Policy Development
We are not alone in the quest to build Africa
• Africa is the next, new and final fron2er of globaliza2on
• The race to build the con2nent has already started with infrastructure
• Technology enabled services hold the key to Africa’s development
• African’s MUST par2cipate in the con2nents development and resul2ng prosperity
• Angel Investment syndicates and networks have the poten2al to become significant contributors (and beneficiaries) in the building of Africa.
Thank You!
Harry ’Tomi Davies President, African Business Angels Network (ABAN) www.abanangels.org [email protected]