Summit 05 Presentations 12a Tessier, Todd

The Equity Capital Program in British Columbia An Assessment of Capital Availability, Program Efficiency and Policy Alternatives National Angel Organization Summit Ottawa, October 2005

Study’s Terms and Methodology ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Equity Capital Program – an overview *

Capital Availability – BC’s Strengths ,[object Object], *

Capital Availability – BC’s Challenges ,[object Object], *

Capital Availability – BC from a North American perspective ,[object Object], *

Capital Availability – the importance of “Angel” investors ,[object Object],[object Object],[object Object],[object Object],[object Object]

Capital Availability – Summary of Findings ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Seed Financing “Gap” : Since 2000 direct research funding has increased by $6.2B, while early stage funding has declined by $1.5B Source: Price Waterhouse Coopers and 2004 Federal Budget Company Stage Round Size Concept or Patent Prototype First Product Early Market Market Expansion Mainstream Market Expansion ($3M - $7M) Start-up ($500K - $1.5M) How does this new “direct investment” model work? Seed ($0 - $500K) Angels & Insiders Mezzanine ($7M+) Corporate / Others Early Stage ($1.5M - $3M) Lead Follow

Direct Investment Model (Eligible Business Corporation) Eligible Business Corporation (EBC) Province of British Columbia Investors Shares 30% Tax Credit $ ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Program Capital Analysis: Average Number of Investors per Registrant ,[object Object],[object Object],[object Object],[object Object]

Program Capital Analysis: Average Amount invested per Registrant ,[object Object],[object Object],[object Object]

Program Capital Analysis: Individual Investment Amounts ,[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],Small Business Profiles: EBC Activity Type in 2005

Small Business Profiles: EBC Regional Location in 2005 ,[object Object],[object Object],[object Object],[object Object]

Program Efficiency – are objectives being met? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Program Policy Alternatives – ECP a “national” program? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Program Policy Alternatives – Tax credit % & budget management ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Program Policy Alternatives – other options to consider ,[object Object],[object Object],[object Object],[object Object],[object Object]

Program Study Contacts: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Summit 05 Presentations 12a Tessier, Todd

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Summit 05 Presentations 12a Tessier, Todd