BME and Spain's National Business Angels Association, Big Ban Angels, will create the first pre-market environment for start-ups in Spain, giving them access to new investors and an insight into the functioning of the stock market to boost access to private investment.
Start-ups wishing to gain access to the pre-market environment must have been operational for 2 years, they must submit their audited accounts over the last 2 financial years, and be seeking investment of between 500,000 and 2 million euros.
The new BME/Big Ban Angels pre-market environment sets out to give a select number of start-ups the backup they need to develop the competences required by regulations, to enable them to home in on private investment available on the markets run by BME.
To help achieve these aims, BME’s premises in Valencia will provide virtual and physical areas to enhance the visibility of companies within the environment, grant access to information on businesses for new qualified investors, and forge a link between businesses and investors, through specific events such as Investor’s Day and Transaction Day, to boost knowledge of companies and widen the scope for direct investment.
Another of the main aims of the initiative is training for professionals, businesses and investors/business angels in capital markets (official secondary and alternative markets), pinpointing corporate progress in terms of compliance with market access and operations, information requirements and corporate governance.
Some of the market access requisites for innovation-focused start-ups are: they must be public or private limited companies they must have been operational for at least 2 years, they must submit their audited accounts over the last 2 financial years, publish a 3-year business plan, and be seeking investment of between 500,000 and 2 million euros, or the maturity of their current status must be such that their interest lies solely in the experience and training available in the environment to gain access to the markets run by BME Group companies.