|EVCA Entrepreneurship Education Toolkit |
on Private Equity and Venture Capital
The 'Entrepreneurship Education Toolkit on Private Equity and Venture Capital' is a long-term initiative of the European Venture Capital and Private Equity Association (EVCA) to develop a course syllabus on understanding private equity.
In its 1998 White Paper, EVCA recommended that European universities develop courses and departments in entrepreneurship. In 1999-2000 a survey on education for entrepreneurship 'Encouraging Entrepreneurship in Europe' was carried out by the University of Antwerp Management School (UAMS) on behalf of EVCA.
The syllabus and related educational material will be available for European universities and Institutions of Higher Education to help them teach a one semester class explaining the basics of private equity and venture capital and to stimulate young people with entrepreneurial ideas to finance their own business using venture capital.
The Entrepreneurship Education Toolkit on Private Equity and Venture Capital is co-funded by the Gate2Growth Initiative of the European Commission.
A modular toolkit
The toolkit is an 8 module course syllabus, provided in a 'ready-to-use' format, to be taught at European universities or at European institutions of higher education. It should provide for 10 to 15 hours of teaching.
It is designed to help technical universities to better exploit their research results and to explain the role of venture capital and private equity as a convenient means to spin-off research.
All copyright for the material developed for this package will remain with EVCA. The educational package will, however, be provided free of charge for non-commercial use in European universities and institutions of higher education.
The toolkit explains in 8 modules how the venture capital and private equity industry works and what it implies for entrepreneurs/scientists, and includes a teachers guide and glossary.
1. An Overview of Venture Capital and Private Equity in Europe
A brief synopsis of private equity and a summary of the areas covered by the other modules, sufficiently detailed to provide a working understanding of the main themes.
2. A Look at the Business Plan
A business plan is one of the main tools that the venture capitalist uses to evaluate the investment. The module explains how investors look at it and the broad criteria on which the investment decision will be made.
3. Company Valuations
This module reveals the very different assumptions that underpin the various approaches and identifies the circumstances in which each model might be appropriate.
4. The Financial Structure of a Private Equity Investment
The financial structure of an investment should provide an appropriate balance of risk and return for all parties and accommodate the different objectives of investors, management and lenders.
5. The Legal Structure of a Private Equity Investment
A look at the purpose of the legal process and provides an outline of the principal legal documents produced in a private equity investment.
Buyouts are the main type of private equity investment in Europe and are typically larger and more complex than earlier stage investments. This module looks at the classification of buyouts, motives for undertaking them, the main players, leveraging, etc.
7. Adding Value to Investments
Venture capital is not a purely financial function. The venture capitalist's experience, expertise and network of contacts can add value to the investee company and help it to grow towards a successful exit.
8. Exits: IPO & Trade Sales
The purpose is to understand the two main exit routes: IPOs and trade sales. It looks at the key players, the sequence of events in both routes and at the role played by the venture capitalist in preparing for the exit.
Contact for further information
The European Private Equity and Venture Capital Association is representing the European private equity and venture capital industry since 1983 and promoting private equity investment to Investors, Policy Makers, Entrepreneurs and Industry.
If you are a university or business school and require information on implementing the Entrepreneurship Education Toolkit in your curriculum, please contact Marie-Annick Peninon; website: www.evca.com
(Entrepreneurs and companies cannot directly address EVCA for access to these seminars since they are not organised by EVCA)