Carthage Business Angels Ecosystem

Presentation

Table of Contents

Tunisian Context

A sub-optimal Entrepreneurship System

Carthage Business Angels Ecosystem

Tunisian Context

� We are living a structural political change which cannot be

dissociated from further economic reforms.

� In January 2014, the National Constituent Assembly approved

the new constitution (200/217 votes)

� The current events provide an opportunity to develop a more

transparent and effective economic governance

� Fighting corruption and strengthening the rule of law

are essential for economic growth and development.

� The already saturated public sector and the hesitant

private sector operators can’t provide immediate

solutions

� The local entrepreneurship ecosystem has a big role in

reducing the pressure on the public sector and

providing new alternatives and employement

opportunities

A sub-optimal Entrepreneurship System

Tunisian Context

A sub-optimal Entrepreneurship System

Carthage Business Angels Ecosystem

High barriers to doing business, corruption, complex licenses,

rigid labor laws, high taxes, and unfair - competition

Business Registration

Competition

Barriers to exit

�Complicated procedural process (Average time of

5.5 months)

�Option for entrepreneurs to operate in the informal

sector (Informalty represents more than 40% of the

GDP)

�An unfair competition that limits the access to

markets and growth potential

�Laws and regulations are acceptable but the problem

is their application and enforcement

�Rules and procedures set by the law are too costly,

complex and time consuming -> Dealing with

bankruptcy informally

Ecosystem Barriers

Financial Support

Public supporting

Agencies

�Neither the adequate knowledge nor expertise to

make assessments of financing new projects

�Banks can only approve projects that correspond to

the field studied

�Subsequent limits on spending, very little cash

money at the start-up phase

�Public support structures are fragmented and

disintegrated.

�A confusion between the social and economic

mission

�An obvious lack of communication and coordination

Ecosystem Barriers

Education System

Cultural issues

�Weak entrepreneurial culture in the universities

�Very heterogeneous and often unsuitable teaching

contents

�A lack of interdisciplinary and cross-faculty

collaboration

�A lack of a strategic approach to foster graduate

entrepreneurship

�Misunderstanding of the market needs

�Education system based on implementation not in

innovation

�Entrepreneurial activity is seen by young graduates

as second-best compared with employment in the

public sector, which offers more job security

National Innovation

Strategy

�An unclear vision and an absence of a formalized

national innovation strategy

�A weak and incoherent governance

Tunisian Ecosystem

Carthage Business Angels Ecosystem

Tunisian Context

A sub-optimal Entrepreneurship System

Carthage Business Angels Ecosystem

Network events

Growth Stage

Early Stage

Governement & regulation

Mentors & role

models

Education &

mentality

Funding

We start indentifying the pillars of a vibrant entrepreneurship

Ecosystem…

We are Building the Startup ecosystem in Tunisia

First Business Angels Community

First Private Business Incubator

Research Based Spin-off Program

Business Acceleration program

First private Seed Investment Fund

Acquiring experience in

building Startup

Ecosystem

� CBA is the first Business Angels community in

Tunisia.

� CBA works to identify and support innovative

projects.

� CBA's mission is to initiate projects in the early

stages and to assist them on several aspects:

� Fund companies in the very early stages

� Enhance the credibility of innovative projects

with other investors

� Coaching innovative entrepreneurs

� Ensure better corporate governance

� CBA is also pioneer in developing programs such as:

Alternative Finance Seminar, Start’Act and

Univenture.

+50 Business

Angels

+400 Start

Ups

screened

+15 Invested

companies

+10MDT

Funding

raised

+150

Pitches

session

It starts with the first Business Angels community

� CAPITALease Seed Fund is fund with projected size of

15 MDT. It invests into securities and stakes in

capitals of Tunisian business companies qualifying as

seed-stage Innovative Companies with a targeted

average ticket of 500 KDT.

� the Fund's capital will be invested for 50% at least in

Innovative Companies whose activities are in science,

technology, engineering, media and TIC.

� CAPITALease will provide support for innovative

companies in need of substantial equity capital to

finance the industrial phase of their projects.

� We aim to achieve a net return of 15% per year

15 MDT

projected sizeAn acceleratoroffering a High

QualityDealflow

Experienced

Managing

Team

Generating &

screening

100 projects

per year

+30 Start

ups to

invest in

We created then our Seed Investment Vehicle

� Wiki Start Up is the first private business incubator

in Tunisia dedicated to Innovation aiming to

promote a new generation of World Class Start-ups

and to impact the entrepreneurial ecosystem.

� Wiki Start Up supported several innovative Startups

through technology transfer, mentorship and

technical assistance, and easing access to funding at

the early stage of the project.

� Wiki Start Up strives to effectively do : proactive

sourcing, valuable and sustainable partnerships,

incubating and accelerating businesses to viable

ones.

Followed by the first private incubator

+20 Incubated

Start Ups

+5

Implimented

programs

+20 Partners

+50

Networking

events

+10 MDT

funding

raised

� UNIVENTURE© is a Business Incubation Program that

covers biotechnology, health, agribusiness, energy

and Media & ICT sectors.

� UNIVENTURE aims to enhance research based spin-off

opportunities and ignition of innovative Start-ups,

through a capacity building program combined with

an early stage business plan competition.

� Univenture has been awarded best innovation

support initiative at DOHA forum in May 2014.

� UNIVENTURE was selected among different programs

operating in the entrepreneurial scene in Tunisia to

benefit from the support of CEED (Center for

Entrepreneurship and Executive Development),

+20 Awarded

projects+30000 USD

in cash

prizes per

year+500 hours

of sessions

delivered

Awarded

best

economic

innovation at

Doha Forum

+50

Mentors

&

Speakers

A research based spin-off generation program

� Start’Act is a regional startup accelerator program that

fosters and invests in bright and passionate

entrepreneurs with cutting-edge ideas.

� The program provides seed funding, strategic

mentorship, a creative workspace, a multitude of perks,

entrepreneurship-focused business training, and

directly support startups through an expansive network

of partners.

� We offer a short term, high-impact program to kick-off

the evolution of ideas and business plans to effective

and viable business.

� This intensive program aimed at supporting 10

innovative start-ups per year and will enrich

Capitalease’s pipeline.

+30 Dedicated

exoerts

+20000 DT in seed fundingper project

12 Startup

per year

+20 local &

international

partners

+10

business

networking

events

A Business Acceleration Program