Women in Science, Innovation and Technology in the Digital

Age

Attracting Venture Capital to Women’s Technology EnterprisesSasha Bezuhanova, HP CEE Director PSHLS

7 March, 2011

Why Europe and the world need more ICT female entrepreneurs and professionals?

•Demographic dimension•Competitiveness aspect•Tips for success in Women’s Technology Enterprises

The Juggling Act of European Women• 58% Of European women are married (48%) or living together (10%)

• 67% of European women are parents• 46% of European women work full-time (30%) or part-time (16%)

• 22% of European women are married/living together and have kids and work full-time or part time

Source: GfK survey, June 2007

Women in Europe

What is the situation for women in Europe?

• Although substantial achievements have been made, equality is still

a long way off

Why is change necessary?

• Europe will face substantial economic challenges if female workforce and talent are not leveraged adequately

– Active workforce population in Europe will drop by about 25 million by2036 – if the female employment rate does not change– Demand for highly skilled employees will increase by about 30% by 2020– Not leveraging the female talent pool and benefits of diversity will bring

acompetitive disadvantage

Source: McKinsey, June 2007

Women in Europe

How can we generally increase the female employment rate? – key drivers:

• Publicly provided child care for small children of high quality and sufficient quantity

• Financial incentives that make it equally attractive for women to work and men to stay at home

How can we increase the share of female leaders? – Country and company comparisons and interviews with senior female leaders reveal that

• Female leadership increases as the female share of work volume (as total hours worked) grows. Raising the employment rate alone is not sufficient

• Critical success factors for companies seeking to increase the share of female leaders are:

– Using "fair share of the talent pool" as a recruiting target– Offering mentoring and role models across all levels– Measuring performance objectively ("meritocracy")– Creating innovative and flexible work environments– Providing top leadership commitment, targets, and enforcementSource: McKinsey, June 2007

Success story

• A UK success story for promoting women’s entrepreneurship is the ‘Enterprising Women Net- work ’ 51 led by Bev Hurley, the chief executive of YTKO and one of the UK's leading experts on growing sustainable and successful women-owned businesses

• Enterprising Women started in 2006 in response to a recognized need to unlock and stimulate the economic potential of women's entrepreneurship

• In 2010 Enterprising Women has more than 8000 members and is based on a unique business model centered on the concept of community, focused on addressing the needs of women starting or growing a business, and involving all organizations and networks in the region.

• Achievements of Enterprising Women include: Over 1000 women trained in business skills, over 700 businesses improved performance, 250 new jobs created so far (businesses must be showing growth after one year to be counted) and participation of over 250 business support organizations.

• Bev Hurley has in 2010 received the ‘Queens Award for Enterprise Promotion’..

• By 2015, a G20 nation’s critical infrastructure will be disrupted and damaged by online sabotage.

• By 2015, new revenue generated each year by IT will determine the annual compensation of most new Global 2000 CIOs.

• By 2015, information-smart businesses will increase recognized IT spending per head by 60 percent.

• By 2015, tools and automation will eliminate 25 percent of labor hours associated with IT services.

• By 2015, most external assessments of enterprise value and viability will include explicit analysis of IT assets and capabilities.

• By 2015, 80% of enterprises using external cloud services will demand independent certification that providers can restore operations and data

• By 2015, companies will generate 50% of Web sales via their social presence and mobile applications

• By 2015, 20 percent of non-IT Global 500 companies will be cloud service providers.

• By 2014, 90 percent of organizations will support corporate applications on personal devices.

• By 2013, 80 percent of businesses will support a workforce using tablets. • By 2015, 10 percent of your online “friends” will be nonhuman.

Gartner’s TOP Predictions, 2011

EU digital agenda

Seven EU priority areas for action 2010-20201. creating a Digital Single Market 2. improving the framework conditions for interoperability

between ICT products and services 3. boosting internet trust and security4. guaranteeing the provision of much faster internet access for

all5. encouraging investment in research and development6. enhancing digital literacy, skills and inclusion7. applying ICT to address social challenges such as climate

change, rising healthcare costs and the ageing population

•Strong teams with deep market knowledge and relevant experience

•A fast growing market and/or potential for selling abroad

•Proprietary technology or other differentiation

•Compelling and scalable business model

•Proven business concept or engaged anchor customers (if start-up)

•Customer focus and a loyal client base (if later stage)

•Attractive valuation

How we select investee companies ?

Venture Fund Voice: Investment Criteria

55 European Tech Funds I

· 3TS Capital Partners Ltd Full member (network leader) location: Prague 2, Czech Republic

· Alpha Associates AG Full member location: Zurich, Switzerland

· Amadeus Capital Partners Limited Full member location: Cambridge, United Kingdom

· Arx Equity Partners Limite Full member (network leader) location: Jersey, Channel Islands

· Atlantic Bridge Venture Full member (network leader) location: Dublin 2, Ireland

· Bain Capital Limited Full member (network leader) location: London, United Kingdom

· Brockhaus Private Equity GmbH Full member location: Frankfurt am Main, Germany

· Capital-E Partners Full member location: Antwerp, Belgium

· Caprera II BV Full member location: Bloemendaal, Netherlands

· Cinven Ltd. Full member location: London, United Kingdom

· Cipio Partners Full member location: Munich, Germany

· Co-Investor AG Full member location: Zurich, Switzerland

· DFJ Esprit LLP Full member (network leader) location: London, United Kingdom

· DN Capital (UK) LLP Full member location: London, United Kingdom

· Draper Investment Company Full member location: Zurich, Switzerland

· Endeavour Vision SA Full member location: Geneva, Switzerland

· Enterprise Investors Full member (network leader) location: Warsaw, Poland

· EXTOREL Full member location: Munich, Germany

· Foresight Capital Partners Full member (network leader) location: Moscow, Russia

55 European Tech Funds II

· Frog Capital Limited Associate member location: London, United Kingdom · HarbourVest Partners (U.K.) Limited Full member location: London, United Kingdom · Highland Capital Partners Associate member (network leader) location: Lexington, USA · Holland Private Equity (HPE) B.V. Full member location: Amsterdam, Netherlands · Intel Corporation (U.K.) Ltd. Full member location: London, United Kingdom · IQ Capital Partners GP Ltd Full member location: Cambridge, United Kingdom · I-Source Gestion Full member location: Paris, France · Kennet Partners Limited Full member location: London, United Kingdom · Kohlberg Kravis Roberts & Co. Ltd. Full member (network leader) location: London, United Kingdom · KROKUS PE Full member location: Warsaw, Poland · Landsvaki H.F. Full member location: Reykjavik, Iceland · Mangrove Capital Partners Full member location: Luxembourg, Luxembourg · MML Capital Partners LLP Full member (network leader) location: London, United Kingdom · Mountain Partners AG Full member location: St. Gallen, Switzerland · Nauta Capital VC Partners SGECR, S.A. Full member location: Barcelona, Spain · Next Wave Partners LLP Full member location: London, United Kingdom · Nordic Venture Partners Management ApS Full member location: Copenhagen K, Denmark · Oxford Capital Partners Limited Full member location: Oxford, United Kingdom · Permira Advisers LLP Full member (network leader) location: London, United Kingdom · Pond Venture Partners Ltd Full member location: Richmond, United Kingdom

55 European Tech Funds III

· Quest Management NV Full member location: Leuven, Belgium

· R CAPITAL MANAGEMENT (Rothschild) Full member location: Paris, France

· RSG Kapital d.o.o. Full member location: Ljubljana, Slovenia

· Scottish Equity Partners Full member location: London, United Kingdom

· Serena Capital Full member location: Paris, France

· smac partners GmbH Full member location: Unterhaching, Germany

· Sofinnova Partners Full member location: Paris, France

· Target Partners GmbH Full member location: Munich, Germany

· The Carlyle Group Full member (network leader) location: London, United Kingdom

· TLcom Capital LLP Full member location: London, United Kingdom

· Unigestion Full member (network leader) location: Geneva 12, Switzerland

· Van den Ende & Deitmers Full member location: Amsterdam, Netherlands

· Ventech Full member location: Paris Cedex 07, France

· VENTIZZ Private Equity AG Full member (network leader) location: Sankt Gallen, Switzerland

· Wellington Partners Full member (network leader) location: Munich, Germany

· XAnge Private Equity Full member (network leader) location: Paris, France

•Neveq Private Equity Fund lacation: Sofia, Bulgaria

Thank You