Do business angels have wings?

By | April 29, 2009

wingsjpgThe Association of Chartered Certified Accountants (ACCA) (http://www.accaglobal.com) seems to think so. In fact,  Robin Jarvis, Head of SME affairs at ACCA, said ‘For years individual equity investors have been out of the limelight, first hit by the dotcom bust, then crowded out by easy credit and now discouraged by the economic climate’ in the Financial Times on 14th September 2009.  (http://bit.ly/8UCnyr)

The ACCA have proposals for helping entrepreneurs to create realistic valuations of their businesses, greater support for business angel networks and improvements to tax incentives, notably the Enterprise Investment Scheme.

Maybe it’s entrepreneurs that need wings to get their new ventures off the ground. Although, Geoff Britton, director of GBAC Accountancy & Business Service (http://www.gbac.co.uk), warns ‘Create an environment where businesses prosper’ but ‘don’t over-assist’.

But where do you find a business angel (with or without wings)? You could start with the British Business Angels Association (BBAA) (http://www.bbaa.org.uk) or if you are looking for something between business angels and venture capitalist, at British Private Equity and Venture Capital Association  (BVCA) (http://www.bvca.co.uk) or you could try MMC Ventures (http://www.mmcventures.co.uk)

Time to belt up and get ready for take off!

About Nigel Lockett

Nigel is a senior academic, experienced manager, entrepreneur and community leader. He has previously worked as a senior lecturer at Brunel University Business School, business development manager at InfoLab21 and relationship manager and lecturer at Lancaster University Management School. Nigel also has more than 20 years' experience as a company director, with a track record in managing start-up, joint venture and social enterprises. He has successfully designed and delivered innovative programmes in entrepreneurship, innovation, strategy, e-business and technology enterprise and was the founding director of an MSc in e-business and innovation.

Specialties
+ Entrepreneurship
+ Innovation management
+ Universities in open innovation
+ E-business