Okan KARA | Managing Partner | ACT Venture Partners This project is - - PowerPoint PPT Presentation
Okan KARA | Managing Partner | ACT Venture Partners This project is - - PowerPoint PPT Presentation
Okan KARA | Managing Partner | ACT Venture Partners This project is co-financed by the European Union and the Republic of Turkey This financing is provided from IPA funds allocated to Regional Competitiveness Operational Programme which is
This financing is provided from IPA funds allocated to Regional Competitiveness Operational Programme which is supported by EU and Republic of Turkey. The Contracting Authority is the Ministry of Science, Industry and Technology – DG for EU and Foreign Affairs – Regional Competitiveness Operational Programme Coordination and Implementation Directorate, and the End Recipient is the Scientific and Research Council of Turkey (TÜBITAK) This project is co-financed by the European Union and the Republic of Turkey
§ACT is a venture capital fund operating since July 2015, that makes pre-seed (PoC), seed and round A investments for the commercialization of technologies that are developed in Turkey. §The current commitments to the fund is EUR 22.5 Million. §The Fund was established as a Dutch entity and has five investment professionals. §ACT will invest in around 20 projects by the end of 2017. §ACT may invest up to EUR 2.5M per project (preferably in multiple rounds) in exchange for company shares (preferably significant minority – i.e. %20-%40). §Target technologies are micro and nano-electronics, Internet of Things, Software as a Service, robotics, advanced materials, clean technologies, biotechnology and medical technologies.
Overview
ACT Team is backed by a network of mentors and advisors
Gökhan GÜNER, Managing Partner Okan KARA, Managing Partner Erhan KILICOZLU, CFA Managing Partner Gürcan OZAN, Partner Olcay YILMAZCOBAN, Investment Analyst
- MBA, London Business
School
- MS, PhD (abd) U of CA,
Santa Barbara
- BS, Bilkent, Electrical
Engineering
- +15 yrs. experience; US &
Turkey entrepreneurship,
- tech. investment
management engineering
- Inventram, Sanbar
Networks Startup, Moseley.
- Research, University
College London
- MS. ODTU, BS. Marmara
- Uni. Industrial Eng.
- 15+ yrs experience;
entrepreneurship, R&D and tech. commercialization mgmt
- PERA EEMEA, TÜBİTAK,
ERC, EUREKA
- MBA, MS, U of Maryland
- Hong Kong U of Science &
Technology
- BS, U of New York,
Mechanical Engineering
- +20 yrs. Experience;
- Hong Kong, Moscow, New
York, London, Istanbul
- Investment management,
engineering, finance
- Meridian Capital,
PaineWebber, Renaissance Capital, Peregrine, GE
- MS, ODTU
- BS, Marmara,
Mechanical Eng.
- +15 yrs. Experience,
R&D, technology, and innovation funds, engineering, product development
- TÜBİTAK, TuR&Bo,
Hexagon Studio
- MS, Skoltech (thesis @
MIT)
- BS, Bilkent, Electrical Eng.
- +2 yrs. experience;
entrepreneurship in Silicon Valley, engineering
- LaserX Space, a Laser
- Comm. Tech. Startup, TAI,
Gate Elektronik AŞ
What we are looking for?
- When examining projects we are looking for strong IP and technology with
respect to the current state-of-the-art in order to create and maintain a barrier to entry.
- ACT aims to pick start-ups that has the potential to become global players.
Process Flow
§Projects are regularly delivered to ACT from its collaborating universities (TTOs), techno-parks, accelerators, incubators, our mentors, and other business networks. §The selection and evaluation process is conducted carefully with the support of ACT’s mentor network, formed of local and international sector experts. §We have so far processed over 700 projects. §Regarding governance, transparency and accountability, ACT complies with Invest Europe guidelines and code of conduct.
ACT Pipeline
60
- Initial Screening
14
- Due Diligence
4
- Contract Phase
9
- Portfolio (4 Start-Ups, 5 PoCs)
§ 728 Projects are examined as of October 2016.
Start-up Portfolio
ADRIC offers its clients an end-to- end, reliable, scalable and secure IoT Platform to accelerate the large- scale deployment of IoT services globally A SaaS solution that helps e-commerce managers convert visitors to customers by making smart recommendations, predictive analytics, cart abandonment & online marketing automation tools. Develops and produces biological extracts based novel products functionalized through encapsulation and surface chemical activation. First Product: LYCOPENE (extracted from tomato sludge), Target markets are food and cosmetics. Each year, there are millions of new WiFi access point installations; but connections are getting
- worse. Ambeent’s
technology swiftly integrates and manages current disconnected islands of Wi-Fi access points.