On October 30th, experts and entrepreneurs were brought together to discuss on investment readiness, fundraising in startups and the environment for European businesses at the event organised by InvestHorizon, during the Invest Week. It took place in the premises of the The Union of Chambers and Commodity Exchanges of Turkey (TOBB).
The first part of the event was dedicated to discuss the results of the EUROCHAMBRES Economic Survey 2017. The report gauges and analyses expectations for 2017 taking in account the answers of 50500 European businesses surveyed. Arnaldo Abruzzini, CEO of EUROCHAMBRES; Ian Talbot, Chief Executive of Chambers Ireland; and Lucio Vinhas de Souza, team leader of the Commission's EPSC, had an interesting debate in which they commented on the moderately positive environment for business, and the international risk and tensions that can threaten the economic recovery in Europe. The prospects for 2017 are generally positive for all the indicators studied on the survey, but business confidence is still fragile. Panelist agreed on the urgent need to complete the Single Market and develop the Capital Markets Union in order to improve the performance of businesses in Europe.
The second panel was moderated by Teresa Cunha, Senior advisor of Europe Unlimited, and it counted with the participation of Professor Colin Mason, from the University of Glasgow; Nadia Azermai, founder and CEO of Scriptbook; and Vincent Jocquet, VP finance and operations at Sentiance. Professor Mason provided the business angels perspective of the fund-raising process, and gave tips to startups to improve their investment readiness. After his presentation, the entrepreneurs discussed their professional experiences in this regard. The structure and size of the business, the management style, and the structure of the labour force are some of the elements that startups has to take into consideration before starting their fund-raising activities.
In the last panel, Gaëlle Saint Drenant, from CCI Pays de la Loire, and Marijke, from the Finance Desk of the Netherlands Chamber of Commerce, joined the conversation to present the advisory services their organisations provide to startups. The support offered by the chambers assists European entrepreneurs to acquire the required knowledge and skills in order to attract capital to their projects, and develop their business idea.
· Agenda - link
· Photos - link
· Summary of the panels – link
· Presentations - link