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The Attica Ventures presentation
- a very successful event
21 April 2004
A presentation of Attica Ventures and the ZAITECH FUND (a venture capital fund)
was held today to great success in the presence of 200
senior executives from banks, brokerage firms, businesses
and research centres.
In the opening address, the Chairman and Managing
Director of Bank of Attica, Mr. Konstantinos Stamoulis,
stressed that the Bank was the first to establish
a specialized subsidiary to manage venture capital
funds in line with the provisions of Greek Law 2992/2002,
a move which is part of the group's broader development
strategy.
Chairman of the TSMEDE Pension Fund and Vice-Chairman
of the Bank's Board of Directors, Mr. Anastasios Koumblis,
stressed that TSMEDE had recently decided at a Board
meeting to invest € 7 million (0.36% of its reserves)
in Attica Ventures' Fund. He also pointed out that
TSMEDE was the first Greek pension fund make such
a move. It is a decision TSMEDE will attempt to implement
with the assistance of all competent government agencies.
During the company presentation, Attica Ventures'
Managing Director, Mr. Giannis Papadopoulos, analysed
the aims and objectives, investment strategy, investment
criteria and advantages of Attica Ventures (business
network, Bank of Attica, TSMEDE Pension Fund, human
resources). Those advantage ensure major benefits
both for portfolio companies and for shareholders.
In addition, he made clear that investment targets
are private, non-listed SMEs placing particular emphasis
on innovation. Lastly, he pointed out that the € 30
million fund has a 10-year lifecycle, that its investors/shareholders
are Bank of Attica and TANEO and that it seeks a rate
of return in the order of 20%.
Interested parties may visit the company's website,
www.attica-ventures.gr,
which contains more information about the company,
its investment policy and the venture capital market
in Greece and internationally.
The event was also briefly addressed by TANEO Managing
Director, Mr. Georgios Kindis, and on behalf of Accenture
and Space Hellas -strategic associates of Attica Ventures
- by Messrs. Nikos Christodoulou and Theodoros Dravilas
respectively.
The event was attended, among others, by the Chairman
of General Bank, Mr. Antonis Hasiotis, the Chairman
fo the High Tech Park, Mr. Achilleas Hatzinikos, the
Vice Chancellor of the NTUA, Mr. Panagiotis Kottis,
the Chairman of the Hellenic Post Office Savings Bank,
Ms. Androniki Boumi, and the Director of Athens Economics
University International MBA Programme, Mr. Grigoris
Prastakos.
FROM THE ATTICA VENTURES PRESS OFFICE
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Photographs
from the event:
