pj tech catalyst
DESCRIPTION
The original presentation, as it was delivered in Open Coffee Athens Friday November 30TRANSCRIPT
Open Coffee Presentation
Nov 30, 2012
technology + innovation + support
Who We Are
Arnaud Henin
LoukasPilitsis
fund manager
• Experienced international fund management team
• Deep technology and start-up experience
• Strong investment sector background
Chris Tsangos
Vasilis Theoharakis
Kostas Mallios
Nikos Antoniouinvestment manager
MichaelDimitropoulos
investment manager
Management Team
A Few Myths and Realities
• PJ Tech Catalyst is a bank
• PJ Tech Catalyst gives loans
• PJ Tech Catalyst is new to the market
Myths Realities
PJ Tech Catalyst is a € 15 mn seed-stage investment fund
The investors in the fund are the Piraeus Bank Group and the EIF through the JEREMIE program
PJ Tech Catalyst is a fully-independent separate entity
PJ Tech Catalyst only makes equity investments of up to € 750 k in seed companies
No personal guarantees, no collateral – the Fund invests directly in the company
The team members have all been involved with start-ups and innovation in Greece and abroad for several years
PEA has been active in Greece for 3 years – it was 50% anchor investor in the original Open Fund and has most active Taneo VC fund
4
Support and help shape a dynamic and successful start-up scene in Greece
Invest in and help grow a group of promising ICT start-ups into world class companies
Work with other market participants to develop local talent and attract investment into Greece
The PJ Tech Catalyst team has the vision to:
Our Vision
Investment Strategy and Focus
• Seed stage investment -• Pre-revenue• Core team assembled• Typically 6 – 24 month old
company• Select idea stage teams
• Technology companies (ICT Sector)
• Main operations in Greece
• Strong and committed team
• A great business idea with clear competitive advantage
• Strong international growth potential
Fund Strategy and Requirements What we look for
What We Offer
PJ Tech Catalyst proposes a deep partnership with investee companies that offers:
1 Investment• Equity investment of up to € 750 k per company
2 Deep technology management experience
3 International experience and standards for investing and structuring the deal
4 Global network for business development, follow-on financing and exits
First Steps in a Journey
Start-up financing lifecycle
Idea Seed Financing
Exit (IPO, trade sale,
merger, etc)
Mature Company
VC Financing(Typically multiple
rounds)
Seed financing is one of the first steps in a long process in building
a successful company
Process and Next Steps
PJ Tech Catalyst follows a straight forward 3-step investment process :
1 Understand and evaluate the team, company, and idea
2 Agree deal terms and check the company
3 Invest in and grow the company
We are actively reviewing ideas and in discussions with companies – contact us
to start the process
Contact Us
Contact Details
Arnaud Henine - [email protected] – (+30) 694.456.5087
Mike Dimitropoulose - [email protected] - (+30) 694.029.9409
Nikos Antonioue - [email protected] - (+30) 694.486.0931
Chris Tsangose - [email protected] - (+30) 694.820.0001
Loukas Pilitsise - [email protected] - (+30) 695.847.2764
Kostas Malliose – [email protected]
Vasilis Theoharakise – [email protected] – (+30) 694.593.5363
JEREMIE Support
Financial Support Received from the JEREMIE Facility for PJ Tech Catalyst–
Part of the financing comes from European Regional Development Fund (ERDF) and also national resources, as follows: The “Joint European Resources for Micro to Medium Enterprises – (JEREMIE)” initiative is implemented in the framework of the Sectoral Operational Programmes “Competitiveness and Entrepreneurship” and “Digital Convergence” and the Regional Operational Programmes “Macedonia – Thrace”, “Crete and Aegean Islands”, “Thessaly – Continental Greece – Epirus” and “Attica”, with the co-financing of the Hellenic Republic and the European Union.