It has been a pleasure seeing all of you at the 12th International Venture Capital Forum, held on 11th and 12th December at the hotel Grand Bretagne in Athens, Greece. We have had a great conference, a lot of interesting keynote addresses and several very interesting panels.
Informational highlights include the details about the investment of Paine and Partners into Eurodrip, information about the 3 new funds that will be established by the General Secretariat of Research and Technology (GSRT) and the new form of incorporation that has been made available in Greece, which has minimum capital requirements.
In his uplifting speech, the Minister of Development, Competitiveness, Infrastructure, Transport and Networks, Mr. K. Hatzidakis mentioned all the imminent measures for the provision of liquidity to enterprises and particularly stressed that because of the latest agreement between the Eurogoup members, the notorious Grexit has been avoided, significantly reducing uncertainty regarding investments in Greece.
This year we received in excess of 100 business plans and had 17 funds to evaluate them, which led to over 150 pre-arranged one-on-one business meetings to take place on the second day of the Forum. 88% of those business plans came from Greece, 4% from Cyprus, 4% from Great Britain, 2% from the USA. 73% of the business plans were looking for expansion capital, a fact which underlines the shortage of liquidity even among established companies.
Attendance also reached an impressive 550 people and we were glad to see a lot of ad hoc networking taking place. The hallways and the coffee lounge were never empty of groups of people in quiet conversation.
We have taken great joy in this year’s Forum and we are looking forward to receiving you again in the following. You will be able to find the presentations and photos of the event in the menu on the right.
Images from 2012 Venture Capital and Private Equity Forum