195.102 VU Financing of Innovation

Goals:

  • Build a first valid financial plan based on the chosen business model

  • Evaluate the different financial sources and find an individual financing strategy based on the business model and capital needs

  • Know the different possibilities for public funding and early-stage financing in Austria

  • Know how to contact and negotiate with investors and how to set up a term sheet/contract

Content PART I: Finance Plan & Financing Strategy

In the first part of the lecture, the following topics will be worked through:

  • Transition Canvas for finance structure and budget calculation

  • Budget calculation (structure and organization, assumptions and input factors)

  • How do build and structure a Financial plan

  • Taxes, insurances, personnel costs

  • Sources of finance for the phases idea, ore-seed and seed (incl. FFF, bootstrapping, business angels, venture capital, crowdfunding and –investing, public funding) and relevant players

  • How to choose the ideal financing source

  • Project oriented structure (individual structure based on particular projects)

  • Evaluation of a company

  • Contracts, term sheets

Content PART II: Guest Lecture “Funding from the investors’ perspective and international aspects”

In a guest lecture with two investors, the following topics will be discussed:

  • The funding process from an investor’s point of view

  • Negotiations with business angels and venture capital funds

  • International financing aspects

Content PART III: Public Funding & Early Stage Financing in Austria

The third part is an info-session with various public funding & early stage financing institutions in Austria. Representatives from the biggest public funding institutions, venture capital funds and a crowdinvesting platform will present their offer and processes.

More about the lecturer

Stefan Kreppel is one of the leading start-up experts in Austria. He works as the start-up representative of the Austrian Research Promotion Agency (FFG) and is responsible for the start-up related funding and financing schemes with in this organisation. He also works as a speaker and juror in the start-up area with a focus on sustainable innovation and entrepreneurship in general. Furthermore Kreppel is mentor and coach off several Austrian start-ups and serves as a facilitator for the Austrian community. As an advisor he works on the transaction between the public and political sector and the start-up community. As an inventor and innovator he holds several out licensed international patents, developed several graphic designs and is highly influenced by design and open innovation approaches. Stefan was investment and funds manager of Raiffeisen Mezzanin Partners, a mezzanine funds with 60 millions under management. Prior he managed the first Austrian business angel network i2 with over 100 business angels as members. Kreppel obtains an environmental engineering degree from the University of Natural Resources and Life Sciences in Vienna and holds a Master's degree from the Danube University Krems and the CWRU Cleveland.

Oliver Holle, CEO at SpeedInvest Gmbh & Co KG, founded one of the first European internet start-ups in 1997, long before the terms "mobile", "start-up" or "entrepreneur" were used in the German language. Two successful mergers followed the sale of the newly formed 3united AG for 55 million euros to the US internet giant VeriSign. After several years as principal responsible for the mobile business unit at Verisign, Oliver finally returned to Austria as a serial founder, where he founded a platform for business angels. With the help of 10 million euros from private investors, he launched the first Speedinvest fund in 2011. With a volume of 120 million euros and portfolio companies such as bitmovin, wefox and Fraugster, Speedinvest is today one of the leading venture capital funds. Speedinvest has offices in Vienna, Munich and Silicon Valley and invests in deep tech, financial technology, media & e-commerce.

Peter Weigand, Partner at Speedinvest, one of the leading venture capital funds, holds a doctorate in physics from the Technische Universität Wien and spent most of his career in international technology companies in the USA, Europe and China. In various roles, whether as CEO, in business development or sales, he gained extensive experience, which he now uses in his work with startups. His last professional career includes companies like Dacuda (sold to Magic Leap) and TTTech.

                  

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