Events like the VentureCon Bavaria help to foster cross-border investment and connect start-ups and investors from different countries. Organised by BayStartup, in cooperation with the Business Angels Europe Club, 16 selected start-ups seeking funding for a second round of investment participated in a high-level pitch session. Several of these start-ups had been supported by members of BAE Club in Spain, Belgium and Austria for example. Private investors, business angel club managers and representatives from VC funds listened to them keenly and asked challenging questions.
“We could see very good pitches. It is good to see things that can go international already. Now we will try to pick one of two of them and extend the discussion further and why not down to a closing”, said Xavier Huerre, member of BeAngels, a Business Angels Network in Belgium (Go to the interview).
After the pitch session, start-ups and investors had the opportunity to meet face-to-face at the individual stands. The day ended with a lively evening in the Demonight, with 70 startups from all industries introducing themselves live with their solutions and products. 800 visitors could try out all the ideas themselves and get to know the teams personally in a relaxed networking atmosphere.
The next day, during the BAE club meeting at BayStartup facilities, the ESIL capacity building program for improving the Early Stage Investment scene in Europe was presented. The Early Stage Investing Launchpad (ESIL) is an EU-funded initiative that connects networks of business angels and crowdfunders across Europe. With a focus on developing and expanding the angel investment and crowdfunding scene in Europe, and on increasing cross-border investment between European countries, ESIL is connecting the leading investors across Europe.
Investors talking during the VentureCon event in Munich
Iván Caballero and Soraya Ferhani from Citibeats
70 startups presented their products at the Demonight to more than 800 visitors
BAE club members at the BayStartup facilities
Marie Elisabeth Rusling presented the ESIL iniative to new members