On May 11 a lecture on “Effective Investor-Startup Relations” was held at the Public Journalism Club (Saryan 30). The guest speaker for the event was Emre Ozbek from Turkey, a partner at Istanbul Startup Angels.
The event was organized as part of the third and final stage of the Technology Goes Beyond Borders Project (TGBB). TGBB participants, consultants, organizers attended the event, which was also open to everyone interested in the experiences of the neighboring country. Over 30 young entrepreneurs, students, technology experts, journalists also joined TGBB participants for Emre Ozbek’s lecture.
“You don’t get a chance to participate in such projects every now and then and I’m proud to be a part of it”, said Mr. Ozbek during his opening remarks, which was followed by a 1.5 hour lecture. Mr.Ozbek spoke about creating angel investor labs in the world and presented Turkey’s experience highlighting also those financial and legal factors that should be taken into account in the dealings between investors and startups.
Since the concept and the institute of angel investing is underdeveloped in Armenia, the participants had several questions to the speaker on issues ranging from the setup of angel investor networks to information sources on venture capitals, to understanding who the real investor is so as not to deal with intermediaries.
In response Mr. Ozbek suggested a few hints, such as:
Remember the differences between angel investors and venture capitalists. The first are individuals that manage their own resources, while the second offer institutional investments.
Prepare you business for investments and know the potential investor. You never know when you will meet a wealthy investor interested in your business idea. So, practice your pitch and have it ready for presentation.
Attract people with your story and your presentation, use examples and cases to convince investors.
Fully engage in your interactions with your investor, think of it as the main purpose of your partnership. Avoid any surprises.
Think globally. Even though Armenia’s population is 3 million and Turkey’s is around 80, it is still small as a market.
And never forget that there are many investors as there are many startups and you should be able to make a good investor choice for you business.
The lecture was life streamed on the PJC’s YouTube channel and the video is available here.
Emre Özbek is an angel investor and partner at Istanbul Startup Angels, mentor and advisor to startups following 20 years of corporate senior level experience. He advises PricewaterhouseCoopers and Vodafone in strategy, risk management and corporate governance; provides guidance and support for entrepreneurs and startup ventures in innovative business models and technologies. He is active in the ecosystem through his personal support at Endeavor, HABITAT, TUBITAK, Startup Bootcamp and Startup Weekend as mentorship and delivering trainings. Emre holds Advisory Board memberships at various startups; on crowd funding, bio plastics, smart energy management and social media management.
TGBB kicked off in February and was implemented in three stages. During the first-capacity building stage (23 February -23 March, 2015) the six teams from Armenia and Turkey received online mentorship from Armenian and Turkish experts, who also assessed their needs. The teams then came together at a four-day crash course in Armenia (March 26-29), which was followed by another round of online mentorship during which the teams reviewed and finalized their ideas and prepared for the pitching on May 12.
The project is funded by the U.S. Embassy in Armenia and European Union within the framework of the programme Support to the Armenia-Turkey Normalisation Process. It is implemented by the Microsoft Innovation Center and the Public Journalism Club.
On September 13, 2018, Urban Foundation for Sustainable Development (UFSD) hosted a workshop on “Exchange of Best Practices in Plastic Waste Management between Armenia- and Turkey-based CSOs and Practitioners.” The workshop is part of a project that contributes to the development of cooperation between environmentalists, waste management practitioners, businesses and local authorities of Armenia and Turkey through sharing best practices in plastic waste management. The grantee, Urban Foundation for Sustainable Development in partnership with the Union of Diyarbakir Young Businessmen organized a 1-day workshop in Diyarbakir with participation of 20 representatives of local authorities, plastic waste management practitioners, environmental CSOs, businesses in the field of plastic waste separation and recycling from Armenia and Turkey. The workshop was followed by a study visit to Plastic Waste Recycling Plant in Diyarbakir, as well as a follow-up exchange workshop in Yerevan. Based on the results of the study visit and workshops UFSD will produce a booklet on the best practices of plastic waste management in Armenia and Turkey. The project will result in an increased awareness of stakeholders of the plastic waste management practiced on the other side of the border, as well as will provide an opportunity for networking between practitioners and businesses focusing on plastic waste management. Representatives of local authorities may consider replicating the best practices in plastic waste management in their own communities.
This activity took place within the framework of the Sub-grants Scheme implemented by Eurasia Partnership Foundation as part of the “Support to the Armenia-Turkey Normalization Process” programme, funded by the European Union and the Swedish Ministry for Foreign Affairs.