Project description
Building stronger cross-border angel investment in Europe
Angel investors provide capital for start-ups that need quick funding in exchange for equity. The EU-funded 4NGELS project will seek to connect business angel networks with a strong foothold in Estonia and Finland with those from Poland and Slovenia. During the course of the project, partners undertake activities to enhance understanding of how to successfully initiate cross-border angel investing in Europe and maximise the impact of investment benefits. 4NGELS will bring together different stakeholders from all four innovation ecosystems to facilitate connections and knowledge exchange.
Objective
Project 4NGELS was initiated to connect the business angel networks from strong innovation ecosystems - Estonia (EstBAN), Finland (FiBAN) – with the business angel networks from the less advanced innovation territories - Poland (Cobin Angels) and Slovenia (BAS) and startups and other wider innovation ecosystem stakeholders from Europe. The project will be tackling the significant internal disparities existing at territorial level, by opening up and sharing the existing successful initiatives of cross-border investment, carried out between EstBAN and FiBAN over the last 9 years.
The project is focused on raising the innovation efficiency within the startup ecosystem. Angel investors have an important part to play in the startup ecosystem financing framework, as they represent the most important source of funding for early-stage startups. If a startup doesn´t receive early-stage funding and fails to scale-up, the whole society is at loss. Startups do not just create new innovative services and products but they also create jobs, new infrasctructure and bring a flow of knowledge and expertise into a country. All these benefits have a bigger impact on the economy on a local and national scale.
Throughout the project, the partners will be undertaking collective ambitions to understand how to successfully initiate cross-border angel investing in Europe, and implement this to maximise the impact of the benefits and reduce the innovation divide. In addition, the project will involve different stakeholders from all four ecosystems, creating a flow of connections and knowledge.
As an outcome, 4NGELS will create a more interconnected, inclusive and efficient ecosystem benefiting the business angels, startups, other ecosystem stakeholders and society at large.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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HORIZON.3.2 - European innovation ecosystems
MAIN PROGRAMME
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HORIZON.3.2.3 - Joint programmes close to innovators
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
HORIZON-CSA - HORIZON Coordination and Support Actions
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) HORIZON-EIE-2022-CONNECT-01
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
51010 Tartu
Estonia
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.