COLOMBIAN INNOVATION FINANCE TRAINING KINGSTON UNIVERSITY 16 TH – 27 TH MARCH 2015.

COLOMBIAN INNOVATION FINANCE TRAINING

KINGSTON UNIVERSITY16TH – 27TH MARCH 2015

Day 1: Innovation Ecosystem

• Overview of the Innovation Ecosystem– The business environment needed to produce

companies suitable for VC investment • Real World Innovation– Where good ideas come from, how sustainable vs

disruptive innovation, case study, project life circle• Innovation Finance Infrastructure – From crowdfunding platforms to AIM


• Dr. Yazid Abhullahi, Senior Lecturer specialized in company growth. Previously at Essex Business School where he was also the Programme Director for BSc Business and Service Industry Management and MSc Entrepreneurship and Regional Development. Yazid has published in a number of peer-reviewed journals, book and presented papers in several leading academic conferences around the world


• Dr. Richard Anson, Senior Lecturer specialized in entrepreneurial activity and start up creation. Richard is an experienced Executive, Board Member and Entrepreneur, equally at home in both start-up and corporate environments. He is Entrepreneur-in-Residence at a retail and brand focused innovation hub, TrueStart; Non-Executive Director of Old Street Labs and Non-Executive Director of Reevoo, the business he founded


• Dr. Yannis Pierrakis, Senior Lecturer specialized in Innovation Finance, with particular focus on VC, Business Angels and Crowdfunding. Previously worked as a senior consultant for The World Bank and Head of Investment Research at Nesta where he designed, led and disseminated Nesta’s work on investments for innovation.

Day 2: Venture Capital and Business Angels

• Introduction to VC, what makes a good deal, the business plan, investment process, due diligence

• Business angels• How to manage a portfolio – case studies –

practical exercise • Why raise money – series A VC prospective –

practical exercise with a real term sheet – what and how do you negotiate – lessons learnt

Day 2: Venture Capital and Business Angels

• Melanie Perkins. Melanie originally trained with 3i where she was responsible for investing in a wide range of business situations including management buyouts, startups and growth capital. She left 3i in 2008 to join Capital for Enterprise Ltd which has subsequently evolved into the British Business Bank, the state owned bank to support SMEs. She is responsible for the management of the direct investment portfolio including a fund to support female entrepreneurs.

Day 3: Policy Responses to the lack of innovation finance

• Rational for government intervention– Broad rationale for Government intervention in VC – Examples of Government intervention

• Broad types of intervention – Tax-based interventions (VCT, EIS and SEIS from UK

and any other internationals) • Performance and evaluation

Day 3: Policy Responses to the lack of innovation finance

• Rory Earley. Rory Earley has spent over 20 years investing in SME funds in both the public and private sectors. He designed and implemented the UK Government’s first spending interventions in the venture capital markets and went on to create Capital for Enterprise Ltd, the biggest single investor in UK venture capital between 2008 and 2013 (before being merged into the British Business Bank). Prior to CfEL, Rory was Senior Investment Manager at Westport private Equity Ltd (now Capital Dynamics).

Day 4: Visit to Google Campus and Episode 1



• Damien Lane, Episode 1, Partner. Prior to Episode 1, Damien was a member of the Ventures team at Octopus Investments, where he was responsible for a number of investments in a range of areas. Damien also spent 18 years in the private equity industry, with both Electra Partners and Cognetas. Damien has an MBA from Cambridge University and a Master’s degree in PPE from Oxford University.

Day 5: Visit to Nesta and Jenson Fund


• Alex Hook, Nesta Fund, Investments Manager. Alex is responsible for managing Nesta’s portfolio of direct investments in early stage UK technology companies, as well as Nesta’s fund of fund investments. Alex joined Nesta in 2008 having previously worked for Foursome Investments (now Frog Capital), a privately backed venture capital firm for 9 years.



• Paul Jenkinson, Managing Director at Jenson Fund. In 2001 Paul set-up Jenson Solutions and his assignment was as interim Finance Director of an AIM quoted software company Intelligent Environments Group plc. Since then Paul has been Finance Director for a number of venture capital backed companies and has been growing Jenson Solutions.


• Richard Walker. Jenson Fund. In his investment banking career Richard has advised companies in a variety of sectors on M&A and capital raising, totaling over £30 billion in value. Since 2011, Richard has been a Director of the specialist wealth management firm Smythe House.

Day 6: Crowdfunding & Business Angels

• Crowdfunding: To develop knowledge about the crowdfunding model which is based on idea of financing projects or businesses with small contributions from large numbers of people

• Visit to the UK Business Angels Association

Day 6: Crowdfunding & Business Angels

• Jenny Tooth OBE, CEO at UK Business Angels Association the trade body for angel and early stage investing. Jenny has been providing strategic support to BBAA since its establishment in 2004, supporting both policy and interfacing with Government, as well as developing the trade body’s major annual events. Jenny has over 20 years’ experience of supporting SMEs access to investment, both in the UK and internationally.

Day 7: Level39 & Bethnal Green Ventures

Day 7: Level39 & Bethnal Green Ventures

Day 8: Developing innovation finance instruments

• Instruments that can work in Colombia and how to stimulate entrepreneurship

• Participants to split into groups and develop their own instruments

• Participants to pitch their ideas to our experts panel:– Anthea Harrison, Member of the Investment Advisory

Panel of two European Regional Development Funds – Rory Earley, Strategic Advisor to VC funds– David Knull, Director, Halkin Capital


• Dr. Martha Mador, Associate Professor, Head of Enterprise Education. 15 years experience in Higher Education as programmes developer and manager, lecturer and researcher. Developed the WestFocus Entrepreneurship Centre, Knowledge London, and the Kingston University Entrepreneurship Centre. Former Course Director, Kingston MBA. Subject leader, Strategic Management. Previous experience includes Marketing Services Management in cable and satellite tv


• Anthea Harrison has over 30 years’ experience of working in finance. She started her career as an Executive with Charterhouse Bank and then joined Lloyds Development Capital. After this she moved to Deutsche Bank’s Emerging Market department, where she worked with young companies in Eastern Europe and South America before transferring to Deutsche Asset Management and having responsibility for a £300m portfolio of unquoted investments. Following this, Anthea spent some years as a senior member of the management team of NESTA, a government fund investing in early stage technology companies in the UK. Presently Anthea is a member of the Investment Advisory Panel of two European Regional Development Funds, one based in North West England and the other in London. She is also Independent Non-Executive Director of Octopus AIF Management Limited.


• Director at Halkin Capital. Previously, business development consultant at Moscaic Partners and Impact Health. David is also a visiting lecturer at Kingston Business School

Day 9: Entrepreneurs pitching to investors at Nesta

Day 10

• Round up and discussion• Certificates ceremony • Visit to Idea London - Incubator of University

College London (UCL, CISCO and DC Thomson)

Day 10: Certificates Ceremony

• Prof Martyn Jones, Deputy Vice-Chancellor (International). Professor Martyn Jones was promoted to Deputy Vice-Chancellor in August 2014. He was first appointed in 2007 as Pro Vice-Chancellor for External Affairs and subsequently to that, Pro Vice-Chancellor for Academic Support and Student Services. Professor Martyn Jones acts as a key member of the University's senior management team and plays a key role in developing and implementing its strategy. He has oversight of and is the senior management team lead for all Kingston's international activity.

Day 10: Visit to Idea London

Executive education

• Harvard: PE and VC (5 days, $11,250)• Berkley: VC Executive Program (5 days,

$7,600)• London Business School: Financing the

Entrepreneurial Business (5 days, £6,700)• London Business School: Masterclass in

Private Equity (2 days, £4,300)

COLOMBIAN INNOVATION FINANCE TRAINING KINGSTON UNIVERSITY 16 TH – 27 TH MARCH 2015.

Documents

innovation ecosystem

business plan

bsc business

business environment

world slide

diligence business angels

business angels introduction

british business bank