Panel Discussions



13 February 2017, Monday ⏐ Swissotel The Bosphorus Istanbul ⏐ Fuji Main Hall ⏐ 10.30am – 11.10am

Panel 1

Global Action Plans for the Future of Corporate Venturing and Angel Investment Collaboration

Global leaders will discuss developing collaborations between corporate ventures and angel investors. The panel will suggest practical ways for corporate ventures to acquire skills and for angel investors to ways access second-, third- and fourth-round investments. The importance of encouraging corporates to focus on corporate venturing will be discussed. then to R&D will be a road map for the future of a better collaboration of corporate ventures and angel investors, more corporate ventures will leverage the exit success stories of local economies and collaboration with angel investors will increase the efficiency of the R&D departments.

Moderator:
Baybars Altuntas, Chairman, World Business Angels Investment Forum, Turkey

   • Abdul Malik Al Jaber, Chair, The Middle East Trade Association for Business Angels & Early Stage Investment Market Players (MBAN),UAE
   • Candace Johnson, Chair, The European Trade Association for Business Angels & Early Stage Investment Market Players (EBAN), Belgium
   • Harry Tomi Davies, Chair, The African Trade Association for Business Angels & Early Stage Investment Market Players (ABAN), Nigeria
   • Dr Hashim S. Hussein , CEO,United Nations Industrial Development Organization - Investment & Technology Promotion Office (UNIDO-ITPO), Bahrain
   • Inderjit Singh, Co-President , World Entrepreneurship Forum (WEnF), Singapore
   • Skalar Boštjan, Chief Executive Officer, World Association of Investment Promotion Agencies (WAIPA), Slovenia

13 February 2017, Monday ⏐ Swissotel The Bosphorus Istanbul ⏐Fuji Main Hall ⏐ 11.30am – 12.30pm

Panel 2

A New Roadmap: From Startups to Angel Investors to Corporate Ventures to Stock Exchanges

This panel discussion will describe a new roadmap that will leverage early-stage investment markets by positioning corporate ventures as a bridge between angel investors and stock exchanges. The panel will discuss the benefits of increased involvement of corporate ventures in early-stage investment markets, where startups, entrepreneurs and SMEs will find early exit opportunities within their own market. Other challenging questions to be discussed: Which are the better bridges to IPO: corporate ventures or VCs? What do angel investors expect from corporate ventures and vice versa? Are stock exchanges more open to angel investors backed by corporate ventures or corporate ventures backed by angel investors ?

Moderator:
Peter Jungen, Emeritus President, The European Trade Association for Business Angels & Early Stage Investment Market Players (EBAN), Germany

   • Bora Oruç, Executive Vice Chairman , SPK – Capital Markets Board of Turkey, Turkey
   • Himmet Karadağ, Chairman of the Board , Borsa İstanbul, Turkey
   • Luca Peyrano, CEO and General Manager at ELITE , London Stock Exchange Group, UK
   • Paul Doany, Chief Executive Officer, Turk Telecom, Turkey
   • Peter Cowley, UK Angel Investor of the Year 2015, Chair of Cambridge Angels, UK

13 February 2017, Monday ⏐ Swissotel The Bosphorus Istanbul ⏐ Fuji Main Hall ⏐ 2pm – 2.45pm

Panel 3

Innovative Policies for the Promotion of Innovative Financial Instruments for SMEs and Early-Stage Investment Markets

There are new trends in global capital markets such as corporate venturing, angel investment, crowdfunding, private equity, and sovereign wealth as new types of direct foreign investment. At the same time, countries like the United States are struggling in taking on of some of of these investment methods – crowdfunding, for example – despite the positive economic impact and the need for such a financial instrument. This panel will discuss how innovative policies can be developed and what the role of public–private partnerships might be in this process. The panel will attempt to put forth a concrete approach to changing the mindset of individuals who are in decision-making positions, both in public and private institutions. Any policy that supports entrepreneurs and SMEs directly, or that supports the supporters of entrepreneurs and SMEs, is useful, including converting public money to smart money by involving more angel investors and corporate ventures. A critical and game-changer question will be addressed: How can chambers of commerce and industries partner with angel investors, SMEs and corporate ventures to create an impact on innovative policies?

Moderator:
H.E. Hykmete N. Bajrami, Minister, Ministry of Trade and Industry, Kosova

   • Cenk Kivilcim, General Manager, CISCO, Turkey
   • Hakan Erturk, Acting Director General Financial Sector Relations and Exchange at Turkish Treasury, Turkey
   • Jorge Cruz Abascal, Economic Counselor, ProMexico Turkey & Central Asia, Mexico
   • Murat Ozgen, Chief Executive Officer, Is Private Equity Investment Trust, Turkey
   • Skalar Boštjan, Chief Executive Officer, World Association of Investment Promotion Agencies (WAIPA), Slovenia

13 February 2017, Monday ⏐ Swissotel The Bosphorus Istanbul ⏐ Fuji Main Hall ⏐ 3pm – 3.45pm

Panel 4

The Changing Role of Banks in the Early-Stage Phases of Capital Markets

For corporates, among the factors that guide decisions on cross-border investments are the overall business and competitive environment, the incentive framework and regime, the regulatory framework, and access to talent. Engagement with policymakers and angel investor networks is important, as is the effective management of relationships and engagement. Global angel investors also look at innovative models and structures for investments in new markets. The panel will discuss how banks can be turned into informed networking and mentorship centres that can ease access to finance for startups and SMEs and access to talent and skill for angel investors. The panel will then attempt to define new roles for banks at the global level, given their potential to provide a reliable networking platform.

Moderator:
Banu Taskin, Head, Private Banking TEB, Turkey

   • Abdulaziz N. Al-Khalifa, Chief Executive Officer, Qatar Development Bank, Qatar
   • Cenk Eynehan, General Manager, Pasha Investment Bank, Turkey
   • Jaap Sprey, International Development Banker and Experienced SME Development Expert, EBRD, London, UK
   • Dr Sidi Ould Tah, Director General, Arab Bank for Economic Development in Africa (BADEA), Sudan

13 February 2017, Monday ⏐ Swissotel The Bosphorus Istanbul ⏐ Fuji Main Hall ⏐ 4.30pm – 5.15pm

Panel 5

Technoparks 3.0: New Rules of the Game to Accelerate Investment Readiness for Angel Investors and Corporate Ventures

One of the most important barriers in early-stage investment markets is the lack of the investment readiness of entrepreneurs and SMEs. However, the estimated rate of increase in the number of startups with innovative business ideas is greater than the rate of increase in the number of angel investors. OECD statistics show that 1.2% of entrepreneurs are able to secure angel investor finance. Angel investors and angel networks therefore see technoparks as practical access-to-talent gates. The panel will discuss how technoparks can help increase the efficiency of deal flows for angel investors and serve as a bridge between startups and angel investors. Can this role be expanded to include deals between angel investors and corporate ventures? Is there room for technoparks to play in the midfield, connecting all the players of early-stage investment markets? How should incubation and acceleration centres be involved in the ecosystem of each technopark so as to leverage the pipeline efficiency from startup to angel investor to corporate ventures and VCs to stock exchanges?

Moderator:
H.E. Balazs Hendrich, Consul General of Hungary in Istanbul, Hungary
   • Erkan Duysal, Chief Innovation Officer, Arcelik, Turkey
   • Kamal Hassan, Chief Executive Officer, Innovation 360, United Arab Emirates
   • Kenan Colpan, Chief Executive Officer, ITU Ari Teknopark, Turkey
   • Monica Mateu, Innovation Ecosystem and Development Manager, KIC InnoEnergy, Spain
   • Ussal Sahbaz, Innovation Leader , GE, Turkey

13 February 2017, Monday ⏐ Swissotel The Bosphorus Istanbul ⏐ Fuji Main Hall ⏐ 5.15pm – 6pm

Panel 6

The Strategic Role of Global Corporate Ventures in Building and Maintaining National Competitiveness

In an increasingly market-driven global economy, a national economy needs to be competitive in order to develop and prosper in today’s world. Globalisation of investments in early-stage investment markets will not only boost job creation but also competitiveness. The panel will discuss the strategic role of corporate ventures as providers of the innovative resources and technical and managerial skills that are so important in building and maintaining national competitiveness. They will focus on how to attract the right kind of corporate venturing that can help enhance skills and education, transfer competencies, strengthen manpower, and build innovation systems, thereby contributing to the competitiveness of the host nation. How can corporate ventures help improve the early-stage investment climate in host nations, globalise local business ideas and contribute to early exits?

Moderator:
Peter E. Braun, Board Member,The European Trade Association for Business Angels & Early Stage Investment Market Players (EBAN), Switzerland

   • Humphry Hatton, Chief Executive Officer, Deloitte Turkey, Turkey
   • Ozlem Peker Cotuk, Turkey Head, European Investment Fund (EIF), Luxembourg
   • Tansu Yegen, Vice President, Samsung Turkey, Turkey
   • Tom Yoritaka, Founder & Global Managing Director, Cisco Entrepreneurs in Residence, USA

13 February 2017, Monday ⏐ Swissotel The Bosphorus Istanbul ⏐ Lousanne Hall ⏐ 2pm – 3pm

Panel 7

Global Trends and Expectations for FinTech 2020

In the FinTech industry, most innovations come from developing markets. It is interesting to note how Alipay in China developed so much and to witness really exciting mobile payments out of Africa, where penetration is high. A large part of the next chapter of the FinTech story will revolve around how governments and banks adjust to these new developments. The panel will discuss how banks and telecom companies will act together in the upcoming years to enhance the FinTech industry. What will be the response of policymakers to more FinTech in daily life? The UK and EU have both been very obliging when it comes to regulations. With their recently-implemented regulatory measures, they have forced banks to open up their infrastructure to allow collaboration with FinTech companies. Will other countries follow the lead of the EU and the UK? What about China? What will be the involvement of telecom companies in the FinTech environment? Will telecom companies and banks set up their own corporate ventures to focus on FinTech ventures that will create good solutions for their own customers? Or will they follow ‘open innovation’ steps by reciprocally sharing best practices?

Moderator:
Modwenna Rees-Mogg, Founder & CEO, Angel News, UK

   • Neil Cochrane, Investment Professional , UK
   • Nilufer Aktas, Angel Investment and Business Development Manager, TEB Private Banking, Turkey
   • Paolo Sironi, FinTech Thought Leader, IBM Watson Financial Services, Germany
   • Selim Yazici, Co-Founder, FinTech Istanbul, Turkey

13 February 2017, Monday ⏐ Swissotel The Bosphorus Istanbul ⏐ Montreux Hall ⏐ 2pm – 3pm

Panel 8

The Impact of Brexit on Early-Stage Investment Markets in Europe and Other Parts of the World

The 23 June referendum – in which Britain voted by a majority of 52% to leave the EU – marked a seismic shift in the UK’s international trade policy. Now the problem-strewn relationship with the EU appears to be coming to an end. With official negotiations with Brussels not expected to start before 2017, and are slated to last for up to two years, investors face a protracted period of uncertainty. The panel will try to present a clear picture of the obstacles that early-stage investment market players will face after Brexit and of the impact of Brexit on angel investor exit strategies, fundraising by entrepreneurs, startups and SMEs, and cooperation with EU institutions in supporting early-stage investment markets.

Moderator:
Michael Gold, Managing Director, Crimson Capital, Czech Republic

   • Albert Colomer, Board Member, The European Trade Association for Business Angels & Early Stage Investment Market Players (EBAN), Spain
   • Sam Tidswell-Norrish, Chief of Staff, UK Prime Minister's Business Ambassador for FinTech, UK
   • Pavel Koktyshev, Chair, Kazakhstan Business Angels Network, Kazakhstan

13 February 2017, Monday ⏐ Swissotel The Bosphorus Istanbul ⏐ Montreux Hall ⏐ 3.20pm –3. 40pm

Panel 9

Investing in Africa - Trends & Developments

Emerging market investments are certainly not for the faint of heart: you need to take a long view and be prepared for extreme volatility. In this 15-minute fireside chat we look to seperate 'fact from fiction' and learn first-hand from two long time investors in Africa what the key trends and developments are and why they invest in Africa. What are the opportunities and what are the risk? How is tech changing the continent? How do political and currency risk influence investment decisions? How are angel investors helping to shape the Africa of Tomorrow and how can international investors get involved and team up with investors on the ground?

Moderator:
David van Dijk, Cofounder, Director General, African Business Angel Network, UK

   • Ben White, Founder, VC4Africa, Netherlands
   • Harry Tomi Davies, Chair, The African Trade Association for Business Angels & Early Stage Investment Market Players (ABAN), Nigeria

13 February 2017, Monday ⏐ Swissotel The Bosphorus Istanbul ⏐ Montreux Hall ⏐ 3.40pm – 4pm

Panel 10

Focus on the WBAF Regional Report: Early-Stage Investment Markets - Southeast Europe

This panel discussion will give the audience an opportunity to discuss the main issues and challenges they face in early-stage investment in Southeast Europe. Guidelines will be provided for addressing these challenges. The WBAF Regional Report on the early-stage investment markets of Southeast Europe took a qualitative approach to gathering information from ten stakeholders from seven Southeast European countries: the Former Yugoslav Republic (F.Y.R) of Macedonia, Slovenia, Croatia, Greece, Montenegro, Turkey, Bulgaria – and Kosovo. At the 2016 World Business Angels Investment Forum, data was collected through a structured group interview comprising six open-ended questions. The findings are in line with the theoretical foundations presented in the literature review with regard to institutional, stakeholder and organizational communication theories.

Moderator:
Ivan Jovetic, President, Montenegrin Business Angels Network, Montenegro

   • Alejtin Berisha, Founder, The Kosovo Trade Association for Business Angels (KOSBAN), Kosovo
   • Michael Gold, Managing Director, Crimson Capital, Czech Republic
   • Nikolay Mavromatis, Chair, Bulgarian Association of Business Angels, Bulgaria
   • Renata Brkic, President, Social Impact Investment Hub Professor Balthazar, Zagreb, Croatia

13 February 2017, Monday ⏐ Swissotel The Bosphorus Istanbul ⏐ Bern Hall ⏐ 2pm – 3pm

Panel 11

G20 Vision for the proliferation of Collaboration Between Corporate Ventures and Angel Investors

The recovery of the world economy has been slower than expected, and unemployment and underemployment remain major concerns for G20 members. At the same time, waves of technological change, economic globalisation, and industrial and demographic changes present new challenges and opportunities for G20 economies in both the short and longer terms. G20 members need to redouble their efforts to support a more innovative pattern of inclusive economic growth, with new engines of development and new pathways for job growth. The UN 2030 Agenda for Sustainable Development calls explicitly for member states to implement policies that are conducive to entrepreneurship, creativity and innovation. G20 member states met in Beijing on 12-13 July 2016 to discuss an action plan for developing entrepreneurship in G20 states. Today’s panel will attempt to define the role of corporate ventures and angel investors in the G20 Entrepreneurship Action Plan.

Moderator:
Peter E. Braun, Board Member, The European Trade Association for Business Angels & Early Stage Investment Market Players (EBAN), Switzerland

   • Candace Johnson, President, The European Trade Association for Business Angels & Early Stage Investment Market Players (EBAN), Belgium
   • Charles Sidman, Managing Partner and Member, ECS Capital Partners and Angels, USA
   • Michal Cieminski, Board Member, The European Trade Association for Business Angels & Early Stage Investment Market Players (EBAN), Poland
   • Riku Asikainen, Vice President , The European Trade Association for Business Angels & Early Stage Investment Market Players (EBAN), Finland
   • Zakir Hussain, Chief Executive Officer, Usense Innovative Solutions, India

13 February 2017, Monday ⏐ Swissotel The Bosphorus Istanbul ⏐ Bern Hall ⏐ 3pm – 4pm

Panel 12

The Science of Success: Investigating an Innovative Methodology Charting Possible Steps to Startup Success

Many universities have developed their business programme curriculum and the teaching of entrepreneurship methodology to align with the Startup Compass Theory, which proposes nine steps an entrepreneur has to consider: from wannapreneurship to innovation, on to entrepreneurship and marketing and sales, and then to branding to institutionalisation and franchising, finally progressing to leadership and angel investment. While the inclusion of this approach in educational programmes and workshops attests to its success, it has only recently been evaluated and scientifically validated. In this panel, a research team will present their findings about the applicability of the Startup Compass Theory.

Moderator:
Panayiotis H. Ketikidis, Dean, The University of Sheffield International Faculty, CITY College, Greece

   • Charles Sidman, Managing Partner and Member, ECS Capital Partners and Angels, USA
   • Inderjit Singh, Co-President , World Entrepreneurship Forum (WEnF), Singapore
   • Vitaly Polekhin, President, National Association of Business Angels of Russia, Russia

13 February 2017, Monday ⏐ Swissotel The Bosphorus Istanbul ⏐ Bern Hall ⏐ 4.30pm – 5.15pm

Panel 13

The Role of the Global Youth Empowerment Fund (GYEF) in the World’s Early-Stage Investment Markets

The number of unemployed people reached 197.1 million globally in 2016, an increase of 1 million from 2014, and 27 million more than the pre-global financial crisis level. The current rate of youth who are neither in education nor in employment or training (NEET) ranges from 10% to well over 30% in most developed countries and has been on the rise in the past few years. These data illustrate the employment challenges currently facing these countries, all of which are interested in finding ways to create more job opportunities and improve job quality so as to achieve sustainable and balanced economic growth. This panel aims to address the challenges associated with unemployment and with mentoring and supporting youth who want to to initiate their own startups as a solution to their unemployment, along with the collaborative efforts needed for a better entrepreneurship ecosystem.

Moderator:
Ismail Haznedar, Former Global President , JCI, Turkey

   • Albert Colomer, Board Member, The European Trade Association for Business Angels & Early Stage Investment Market Players (EBANN), Spain
   • Dawn Hetzel, Global President, JCI 2017, USA
   • Wessel van Kampen, Managing Director, Child & Youth Finance International, The Netherlands

13 February 2017, Monday ⏐ Swissotel The Bosphorus Istanbul ⏐ Bern Hall ⏐ 5.15pm – 6pm

Panel 14

The Role of Corporate Ventures as Sources of FDI in Creating Sustainable Cross-Border Investments

The World Association of Investment Promotion Agencies (WAIPA) follows in the footsteps of the United Nation’s Sustainable Development Goals (SDGs). Goals 8, 9 and 10 are of particular importance and ultimately speak of empowering local communities and improving their wellbeing. The WAIPA consultative committee is part of the debate on sustainability, with participation from senior game-changing officials from UNCTAD, UNIDO, IEDC, OECD and the World Bank. The panel will try to draw a roadmap to set up a strong bridge between corporate venturing and foreign direct investment (FDI) that will lead to more creative ways of making cross-border investments worldwide.

Moderator:
Skalar Boštjan, Chief Executive Officer World Association of Investment Promotion Agencies (WAIPA), Slovenia

   • Dr Hashim S. Hussein, Chief Executive Officer, United Nations Industrial Development Organization - Investment & Technology Promotion Office (UNIDO-ITPO), Bahrain
   • Marcela Monroy Hernandez, Commercial Representative , Procolombia, Colombia
   • Tuba Terekli, Co-founder & CEO, Qotuf Al Riyadah Development, Saudi Arabia