EBAN Launch European Business Angels Week
The European Business Angel Network (EBAN) announces the first edition of the European Business Angels Week (EBAW), the largest initiative ever implemented for the promotion of angel investment.
The EBAW will take place from 18th to 24th of November 2013 through over 130 events running in 31 countries. The week is a pan-European effort to highlight the role of angel investment across Europe and to increase the number of business angels funding SMEs in their early development stages.
In 2012 alone, 5.1 billion Euros were invested by angel investors in Europe, a 19% growth in comparison to 2011. The size of the angel community also increased to 261.000 business angels. All these factors show a growing market but still far from its full potential. The EBAW aims at increasing market awareness on both sides of the coin: attract more investors and show to SMES the advantages of angel investor’s “smart money”.
Impressed with the traction of EBAN members and many other partners to take part in this first edition of the EBAW, EBAN President Paulo Andrez claims “the numbers of the week show there is a huge potential that we need to untap, in order to create an even larger and stronger Business Angel community in Europe. If we combine the 5,1 billion Euros record of investment last year with the diverse and engaged angel investment community across Europe taking part in this week, I risk saying we are entering a new era in European angel investment. A good example of this dynamic is the engagement of countries with emerging angel markets in which I wouldn’t be surprised to see new Business Angel Networks being created as a result of the Week.”
The burden of the community growth is however not dependant only of the existing angel community Andrez claims “there are policies and initiatives which have shown to be determinant in the growth of national angel markets such as tax breaks and co-investment funds. We expect this week to share these best practices with a wider community as both national governments, European institutions and corporate investors have a role to play in the future of the sector”.
To learn more about the EBAW visit www.europeanangelweek.eu where you can access the list of events being organised per country
For further information, please contact:
Director of Secretariat
tel. + 352 661 245 913
EBAN is the pan-European representative for the early stage investor community, gathering over 100 member organisations in 35 countries today. Through direct and indirect membership, EBAN reaches out to 20.000 early stage investors across Europe and beyond. EBAN was established in 1999 by a group of pioneer angel networks in Europe with the collaboration of the European Commission and EURADA.