PRESS RELEASE | 26th April, 2006


Following the success of the 2006 EBAN Congress in Prague early April, with over 180 delegates from more than 20 countries attending the 2 day event, the European Association of Business Angel Networks is proud to announce its upcoming collaboration with Gesventure and PME Capital for the organization of 2007 Congress.

The event will take place on April 16 and 17 in Estoril Congress Center, on the outskirts of Lisbon, and will receive institutional sponsorship from IAPMEI and the City Hall of Cascais. This will be the first EBAN event organized in Portugal.

The member’s General Assembly, which met on April 11th in Prague, welcomed the proposal from the consortium of Portuguese representatives: Gesventure - Portugal’s first business angel network ( and PME Capital - a growing venture capital firm, sponsored by IAPMEI (Portuguese SME development agency) and the City Hall of Cascais. This collaboration between different types of organizations, can only reinforce the visibility of the business angel market before, during and after the event.

Organizing EBAN’s biggest annual event in Portugal is also supporting the growth of the business angel culture and market in the country, and this was clearly a strong point of the Portuguese candidature.

For more information about this event, please contact:

EBAN - Claire Munck,;
Gesventure – Francisco Banha,;
PME Capital – António Ferreira Castro,;
IAPMEI – Luís Costa,;
City Hall of Cascais – Carlos Carreiras, .



EBAN, the European Business Angel Network, was established by the European Association of Development Agencies (EURADA) with the support of the European Commission in 1999. It is a non-profit association which has the purpose of: encouraging the exchange of experience among business angels networks and encouraging "best practice", promoting recognition of business angels networks and contributing to working out and carrying out local, regional and national programs of assistance to the creation and development of a positive environment for business angels activities.

Gesventure was created in 1999 by Francisco Banha (Gesbanha) and Christophe Chausson (Chausson Finance). This partnership gathered Francisco Banha determination in supporting Portuguese entrepreneurs and Chausson’s expertise in catalyzing projects with venture capital. In this 6 years of activity, Gesventure has largely contributed to the awareness of entrepreneurship in Portugal, in result of the annual events realized, books and articles publishing and conference participation. As a result for all these efforts, Gesventure as raised 14,4 million euros to 8 projects in 2005.

» Business Angels Club ( was created in 1999 by Gesventure and works as an online platform where investors can meet entrepreneurs with innovative projects. Its main effort during these 6 was to spread the word about business angels activity.

PME Capital is one of the most important VC in Portugal. Created in 1989, PME Capital has as main shareholder IAPMEI, and since the beginning they have supported more than one hundred companies, in early stage and development phases and in sectors like communications, textile or food industry.

IAPMEI is a public entity that operates in Portugal to help small and medium enterprises, as a privileged instrument of economic policy to create favorable conditions to enforce entrepreneurial spirit and competitiveness.

Cascais City Hall is a local authority committed with initiatives that relate entrepreneurship, new competence development, creativity and innovation promotion in order to overcome the new economic paradigm. The Congress will take place within its area of intervention.