Article originally published by CRANE, click to view Croatian version
Info Share – the largest technology conference in the Central-Eastern European zone was held in the Polish city of Gdańsk near the Baltic Sea. More than 8,000 visitors were able to get an insight into the latest trends in the world of technology and investment.
Davorin Štetner, the president of Croatian Business Angels Network – CRANE, who is also the the president of the EBAN CEE zone, had participated in the panel discussion called “Cross-border Investments within the Central-Eastern European zone”. The panel was moderated by Peter Cowley, a business angel from Britain that has over 64 start-up investments. Along with Štetner, the discussion was held by Branko Drobnak, the president of Business Angels of Slovenia, and the vice-president of EBAN CEE board, prof. Panayotis H. Ketikidis who is also the co-founder of Hellenic BAN – a Greek business angel organization.
“Business angels are looking for top-noch investment projects, and in a wider area there is a greater number of excellent ideas that are ready for investment. A good example is a joint investment of over 400,000€ in the Slovenian startup Datafy from the CEE region business angels at the end of the last year. Likewise, good business angels prefer to invest together, which is why the syndicated investments are often made along with with the lead investor. I am deeply convinced that creativity is the main advantage of the CEE zone, and that in the common ground there is a huge potential for future investments,” said Davorin Štetner, the president of CRANE and EBAN CEE Board.
More than 150 business angels and investors along with over 250 startups were present at the conference. However, the start-up competition winners were: ThinAir Water on the first place, with Biolumo on the second and Magentiq Eye on the third place.
“Particularly important is the mutual trust among business angels – and we have been building ours for several years since the establishment of the EBAN CEE zone. It is important that we exchange information and use the logic that, for example, a business angel from Croatia or Slovenia will ask for a Greek business angels’ advice if it regards an investment in Greece,” said prof. Panayotis H. Ketikidis – the co-founder of Hellenic BAN and vice-president of the EBAN CEE Board.
Branko Drobnak, the president of the Slovenian business angels and vice-president of the EBAN CEE Board, added: “We are investing our money, but there is a lack of support from the state institutions. I believe that with the support of the European Commission, we can do a lot more.”
To see what EBAN had to say about the event, click here