In 2009, IESE's Private Investors' Network finalized nine new investment operations involving total funds of around €2.5m. Most of the projects were seeking external capital for the first time.
On July 12 the organization wrapped up the academic year with a special workshop that drew entrepreneurs, investors and guest speakers such as Bert Twaalfhoven, the founder of the European Foundation for Entrepreneurial Research (EFER). Stanford's Prof. Tom Bayers delivered the event's closing address. The workshop also included the presentation of the 2009 annual report of the network's activities and financial accounts.
Over the course of last year, the Private Investors' Network organized eight Investment Forums, at which 52 investment projects - selected from a total of 263 - were presented. At each forum between six and eight projects are presented, and the network's entrepreneurs and investors then have the opportunity to make contact with entrepreneurs that had caught their eye.
As Juan Roure, IESE professor and founding director of the network, says, "this activity is testament to IESE's contribution to the promotion of entrepreneurship in Spain - a sector element that will play a key role in the country's economic recovery." Roure also points out that the crisis, far from acting as a brake on entrepreneurial activity, has actually helped boost the sector: "since we began in 2003, we have witnessed a significant rise in the number of projects, and with the backdrop of the current crisis these projects are now coming to us at a more mature stage of development. More and more people are considering the option of setting up a business as an alternative to taking less attractive jobs in the corporate sector."
The eight investment forums held in 2009 were organized at IESE's campuses in Madrid and Barcelona, drawing an average attendance of around 100 investors.
IESE's Private Investors' Network was founded in 2003 and quickly became a pioneer in Spain's business angels sector. Since then it has established itself as one of the country's most active investment networks, having presented more than 300 projects and closed 31 investment operations. Boasting a total membership of more than 100 people, the network is open to investors and entrepreneurs from among IESE's Alumni community as well as people with no previous links to the school. The Private Investors' Network is a founding member of the Spanish Association of Business Angels Networks (AEBAN, for its Spanish acronym).