Venture Capital World Summit

A Message from Lord Pickles and Lord Blunkett, followed by Venture Capital World Summit's best practice article

The ability to listen and learn from one another has always been vital in parliament, in business and in most aspects of daily life. But at this particular moment in time, as national and global events continue to reiterate, its uncommonly crucial that we forge new channels of communication and reinforce existing ones. The following article from Venture Capital World Summit is an attempt to do just that. We would welcome your thoughts on this or any other Parliamentary Review article.

Blunkett signature The Rt Hon Lord David Blunkett, MP
Pickles signature The Rt Hon Lord Eric Pickles, MP
THE PARLIAMENTARY REVIEW
Highlighting best practice
30 | VENTURE CAPITAL WORLD SUMMIT
Founder Elio Assuncao
Venture Capital World Summit presents a world series of
investment events, designed for scale-ups and venture capital
businesses, that showcase the best that cities have to offer in
terms of entrepreneurship, investment and frameworks. The world series
encompasses multiple events and provides an opportunity to network,
discuss, learn and invest, as well as promoting locations that may be
looking to increase their outward and inward economic investment
prospects, and creating benefits and attractiveness for fast-growth
businesses. The World Series events are independently run, with no
single large sponsors or vested interests. Founder Elio Assuncao explains
that his aim is for the summit to become a universally embraced forum
for the venture capital community as well as global entrepreneurs.
I founded Venture Capital World Summit after I noticed a significant gap in the market
for international venture capital events at scale-up early-stage series, tailored to global
ecosystems, investors and scale-ups. The existing events were dominated by large
multinational firms and always tended to have an investment banking focus with a
limited number of scale-ups looking for a second round of investment, and the adequate
networking opportunities and general delegate access wasn’t available. The world summit
acts as a facility for fast growth and scale, with a series of market-driven propositions,
which are independent events, by bringing together investors and entrepreneurs from
around the world with new ideas, standards, analysis and investments.
Quality-driven summits
Every event is presented with best prospects for investments, with a focus on influential,
forward-thinking investors and scale-ups. Attendees can also expect to meet, learn and
invest in pre-selected scale ups that have data and credibility, generally looking to gain a
second round of funding to enable them to grow internationally. On average, each event
hosts between 20 and 30 investors including from the region the event is being held in, with
an emphasis on best qualitative prospects rather than quantity propositions. The businesses
in attendance can also apply to give presentations or short pitches, while discussion panels
and opportunities to engage in question-and-answer sessions are also on offer.
We provide a tailored service for our partners, delegates and entrepreneurs. In London,
we welcomed attendees and presented focused discussions on ecosystems and investment
market considerations. All start-ups presenting at our events are required to have detailed,
tested and proven investment plans, which in turn become a growth meeting analysis and
opportunity to acquire investments. We know that business relationships continue beyond
our events and the contacts that are made can lead to genuine progress.
Our visiting locations facilitate our growing multinational network in conducting more
business and strengthen opportunities even in places where the landscape is developing.
Furthermore it provides visiting attendees with the chance to learn and develop with venture
capital communities alongside economic considerations in a variety of settings. It follows
that our brand is further recognised internationally as a prestige, must-attend conference,
which is an integral part of our planning for future events across the six continents.
AT A GLANCE
VENTURE CAPITAL WORLD
SUMMIT
»Founder: Elio Assuncao
»Non-Executive Board Member:
Patricia Webber
»Established in 2013
»Based in Cardiff and London
»No. of employees: 4
»Services: Series of international
events that showcase the
best that cities have to offer
in terms of entrepreneurship,
investment and talent; world
series in Paris, Brussels, New
York, Toronto, Berlin, London,
Cardiff and San Francisco –
others planned in Hong Kong,
Seoul and Tokyo
Venture Capital
World Summit
31VENTURE CAPITAL WORLD SUMMIT |
BEST PRACTICE REPRESENTATIVE 2019
Cultivating our events
Our events are designed to allow for the
best possible networking opportunities.
The summits tend to be hosted in
contemporary and historical venues, in
order to inspire our delegates. We also
arrange social evenings, dinners and other
custom events, to help our guests spend as
much time as possible building professional
relationships as well as enjoying the best
that the locations have to offer.
Tickets sales play an important role on
the revenue generation, as it gives a
great value to attendees entitling them
to a free ten month membership of the
strong international network that has
over 15,000 supporters, where there is
more on offer than just from the summit
day itself. We are also expanding our
model to incorporate our own investment
fund as a separate entity. This will allow
us to generate more growth from the
businesses attending and presenting,
including some of our own investment to
be showcased, which in turn will attract
the larger investment community as a
result of our ideas and success stories.
As our events are not free to attend, it
does mean that each delegate has an
invested interest and is looking to grow.
Hence, we do not solely have to rely on
corporate sponsors, which could affect
the general public’s perception on the
impartiality of our events.
Our events rely on the opportunity to build
meaningful connections and business
relationships, whereby start-ups and
investors can continue to work together
in the medium to long term. This means
that sustainable scale-up businesses have
the best opportunities, with a qualitative
emphasis on investment returns. The time
and frameworks offered to attendees is
certainly a unique selling point.
Overcoming challenges and
building for the future
As we are a disruptor to the investment
market, it means that larger companies
are slower to adapt to our opportunities
and subsequently envisage our summits
and something they can benefit from
without necessarily being in command
or organise. More established companies
tend to prefer to be in control and
to spot opportunities by themselves;
however, they can be intransigent in
negotiations with entrepreneurs and
in certain ecosystems. In our case, the
vision is to become an impartial service
looking to VC introduce international
standards and to grow ecosystems with
our analysis and awards.
We are confident that we can continue
to grow and develop our service. We are
creating links with the United Nations
and the World Bank to this effect, and
representatives are joining our board.
We love what we offer, and we believe
in the impact of the project. We take
much of our initial inspiration from the
World Economic Forum, and our events
embrace the spirit of discussion and
innovation that it embodies. An event
of a similar prestige and magnitude
is missing in the investment venture
capital community and we are looking
to redress this market gap. Our summits
should not be interpreted as a means for
meeting sales targets, but rather they
offer an opportunity for meeting and
discussing current and future investment
settings and decisions.
Since the first events were held, we have
received a number of invitations to host
events in new cities. This has been key to
our expansion, and as a result we have
continued to expand our global reach.
We want to connect as many people and
as many cities as we can, showcasing the
best opportunities, including companies
and locations throughout the world. It is
likely that not all businesses will be able
to attend events in the UK initially, so we
are constantly looking at other locations
that may be easier for them.
Each country and city has its own
individual investment landscape
and economy, and this needs to be
understood by everyone on a practical
level in the venture capital community.
Regulations and laws differ, and scale-
ups need to be aware of the impact
their foreign investments can have. We
believe that our service can offer this
understanding, alongside the high-value
networking and discussion forum we
have already established a reputation for.
We take much of our
inspiration from the World
Economic Forum
Since the first
events were
held, we have
received a
number of
invitations to
host events in
new cities

The Parliamentary Review Publication, in which this article originally appeared, contained the following foreword from the prime minister.

The Rt Hon Theresa May MP's Foreword For The Parliamentary Review

By The Rt Hon Theresa May MP

British politics provides ample material for analysis in the pages of The Parliamentary Review. For Her Majesty’s Government, our task in the year ahead is clear: to achieve the best Brexit deal for Britain and to carry on our work to build a more prosperous and united country – one that truly works for everyone. 

The right Brexit deal will not be sufficient on its own to secure a more prosperous future for Britain. We also need to ensure that our economy is ready for what tomorrow will bring. Our Modern Industrial Strategy is our plan to do that. It means Government stepping up to secure the foundations of our productivity: providing an education system that delivers the skills our economy needs, improving school standards and transforming technical education; delivering infrastructure for growth; ensuring people have the homes they need in the places they want to live. It is all about taking action for the long-term that will pay dividends in the future.

But it also goes beyond that. Government, the private sector and academia working together as strategic partners achieve far more than we could separately. That is why we have set an ambitious goal of lifting UK public and private research and development investment to 2.4 per cent of GDP by 2027. It is why we are developing four Grand Challenges, the big drivers of social and economic change in the world today: harnessing artificial intelligence and the data revolution; leading in changes to the future of mobility; meeting the challenges of our ageing society; and driving ahead the revolution in clean growth. By focusing our efforts on making the most of these areas of enormous potential, we can develop new exports, grow new industries and create more good jobs in every part of our country.

Years of hard work and sacrifice from the British people have got our deficit down by over three quarters. We are building on this success by taking a balanced approach to public spending. We are continuing to deal with our debts, so that our economy can remain strong and we can protect people’s jobs, and at the same time we are investing in vital public services, like our NHS. We have set out plans to increase NHS funding annually by an average by 3.4 percent in real terms: that is £394 million a week more. In return, the NHS will produce a ten-year plan, led by doctors and nurses, to eliminate waste and improve patient care.

I believe that Britain can look to the future with confidence. We are leaving the EU and setting a new course for prosperity as a global trading nation. We have a Modern Industrial Strategy that is strengthening the foundations of our economy and helping us to seize the opportunities of the future. We are investing in the public services we all rely on and helping them to grow and improve. Building on our country’s great strengths – our world-class universities and researchers, our excellent services sector, our cutting edge manufacturers, our vibrant creative industries, our dedicated public servants – we can look towards a new decade that is ripe with possibility. The government I lead is doing all it can to make that brighter future a reality for everyone in our country. 

British politics provides ample material for analysis in the pages of The Parliamentary Review 



The Rt Hon Theresa May MP
Prime Minister