BUSINESS ANGEL NETWORKS: A EUROPEAN PERSPECTIVE

Rudy Aernoudt and Truls Erikson
Additional contact information
Rudy Aernoudt: Cabinet of Walloon Minister of Economy, SMEs, Research and New Technologies, Namur, Belgium
Truls Erikson: Department of Industrial Economics & Technology Management, Norwegian University of Science & Technology (NTNU), Norway

Journal of Enterprising Culture (JEC), 2002, vol. 10, issue 03, 177-187

Abstract: This paper highlights the importance of business angel networks, as a tool of stimulating an entrepreneurial culture and small business financing. It also sheds light on current practices and the dimensions of business angels in Europe. A study made in 1998 for the European Commission suggests that the potential for investments by business angels is estimated to be between 10 and 20 billion € [Euro] per year. This can be compared with the 3 million Euro in seed and startup investments made in 1999 by the venture capital industry. A remarkable difference, which deserves further attention.This particular inquiry includes a brief benchmarking exercise on informal private investor networks, known as business angel networks. The background for this study is the underlying thesis that the potential for investments through business angels is insufficiently developed. Implications for policy makers and future research are discussed.

Date: 2002
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0218495802000074
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:jecxxx:v:10:y:2002:i:03:n:s0218495802000074

Ordering information: This journal article can be ordered from

DOI: 10.1142/S0218495802000074

Access Statistics for this article

Journal of Enterprising Culture (JEC) is currently edited by Teck-Meng Tan

More articles in Journal of Enterprising Culture (JEC) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().