Narec - EBAN and Narec Capital are delighted to announce a brand new annual partnership aimed at improving access to finance for European start-ups in the field of renewable energy as...

EBAN and Narec Capital Announce Partnership

By Sheena McGeorge | 21/06/11 | In Narec

EBAN and Narec Capital are delighted to announce a brand new annual partnership aimed at improving access to finance for European start-ups in the field of renewable energy as well as executing investor readiness in this growing sector.

The partnership was unveiled for the first time at EBAN’s 11th Annual Congress in Warsaw last month, attended by some 400 representatives from the early stage investment market from 37 countries worldwide.

Narec Capital is the result of a joint partnership between Narec and Ashberg, a multi-family office with an international focus on servicing high growth companies within the impact investment sector.

Narec Capital has been established to provide Narec with the necessary competencies and framework to enable sustainable commercial operations.

“Our aim is to accelerate the deployment of renewable energy technologies, however, this sector is experiencing an acute equity gap as public funding withdraws and the capital markets are not prepared to undertake the risk of early stage investment. By linking Narec’s ability to test, validate and accredit new technologies with an informed investment community such as EBAN’s, we will seek to reduce the equity gap and accelerate this evolving industry” says Jerry Biggs, CEO of Narec Capital.

Both EBAN and Narec Capital are committed to bridging the equity gap for young, innovative companies in Europe and beyond.

“Renewable energy has become a key sector of attention for the European early stage investors in the last years. Doing good while doing well is an objective that can change the world in a sustainable manner. Our partnership with Narec Capital will provide support in qualifying deal flow in the renewable energy sector and provide much needed technical expertise and global outreach for investee companies” says Brigitte Baumann, President of EBAN.

Narec Capital, through its European partnership with EBAN will:

• Increase its reach into the community of innovative renewable energy start-up companies Europe-wide which are looking for funding from early stage equity investors;
• Increase its reach into the European early stage investment community, including mentoring new investors and source funding for target start-ups;
• Support entrepreneurship within the renewable energy sector to become renowned worldwide as a leading centre for advancing the development and integration of renewable energy through technology-led innovation.

The four components of NAREC Capital (Consulting, Insurance, Corporate Finance and Asset Management) will be introduced to EBAN members in the coming year.

EBAN represents circa 300 business angel networks in 27 countries, as well as federations of networks, early stage venture funds, individual angels and associated members.