Community Research and Development Information Service - CORDIS

Abstract

Informal individual investors, known as "business angels", finance and advise a large number of start-up companies. By sharing their experiences and expanding the financing opportunities of entrepreneurs they contribute to growth and employment, and make European culture more entrepreneurial. The focus of this Benchmarking business angels project report is in the possibilities of public sector to stimulate the activities of business angels and business angel networks. The project has been carried out by an expert group that was set up by the Enterprise Directorate-General of the European Commission.

The project was anchored on the observation in several forums that the potential investment capacity of business angels in Europe had not been fully utilised. In many Member States the activities of business angel networks had not developed enough so that they could effectively facilitate the matching of investors and projects. The benchmarking project aimed to find the best practices and set up benchmarks so that the situation could be improved. The final report has been written by the Commission services based on the outcome of the expert group meetings

The report outlines the policy context of this exercise, sets out the benchmarking framework, looks at public policies on the operating environment of business angels, reviews the possibilities of partnering with angel networks and looks at improving the matching of angels and entrepreneurs.

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Record Number: 1980 / Last updated on: 2003-03-26
Category: STUD