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7 th International VC Forum 28 June 2006

7 th International VC Forum 28 June 2006. Who we are. VCI is the Velti Center for Innovation VCI is a wholly owned subsidiary of Velti VCI is a VC incubator, which aims to fuel the next generation of the global Velti offering. About Velti.

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7 th International VC Forum 28 June 2006

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  1. 7th International VC Forum 28 June 2006

  2. Who we are • VCI is the Velti Center for Innovation • VCI is a wholly owned subsidiary of Velti • VCI is a VC incubator, which aims to fuel the next generation of the global Velti offering

  3. About Velti • Velti is a leading provider of software platforms, applications and services for mobile network operators, media and retail brands as well as financial organizations, in Greece and in the Balkan region • Headquartered in Athens and with offices in LondonandBoston, it employs 100 people (70 software engineers) • Velti is the first Greek company listed on London Stock Exchange’s AIM market • Velti is led by Harvard, MIT, Brown, London Business School and Insead graduates with extensive start-up and corporate experience in companies such as Vodafone, Verizon, McKinsey, KPMG, IBM and Oracle among others

  4. VCI – GSRT Partnership • VCI is partly funded by the Greek General Secretariat for Research and Technology (GSRT) under the ΕΛΕΥΘΩ program. • Program duration: April 2005 – March 2008. • GSRT requirements: • VCI must invest in all incubatees • Incubatees must maintain legal address at VCI • Incubation services to be offered at below cost rates

  5. VCI’s First Incubatees • Amplus – Next generation IT&T Integration Shop. VCI stake: ~46%. • Evorad – Brand new research-oriented system for managing and processing medical imagery. VCI stake: 34%. • n2 Labs – Research and development of new and converging media services, esp. community building & social networking applications. VCI stake: 35%.

  6. What we’re looking for • VCI focus is on Mobile Telecommunications and New and Converging Media, as well as new services for large-scale organizations (financial, healthcare). • In the next 6 months, we are looking for three more “great ideas,” esp. ones that have made a first sale. • VCI is willing to invest between €150Κ and 450K, • for a 33% to 49% stake in incubatees, • that will be headquartered with VCI.

  7. VCI Offering (direct) • Capital Investment for growth • Office Space • Technology Infrastructure • Financial consulting and accounting services • Marketing & Communications services • HR services • Legal services • Consulting (market research, business plans) • Operations & Procurement services • Secretarial Assistance

  8. VCI Offering (indirect) • Management consulting (via positions on the incubatee boards) • The right environment • Established procedures and fully operational platform • Synergies and co-operation are down the hall • International orientation – access to Velti markets • Access to an experienced network of investors, advisors & management staff

  9. Lessons Learned (so far) • Think globally • Synergies with the mother company are invaluable • Incubator needs to focus • Having been a startup, helps understand and establish a startup • … still learning…

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