Creative Enterprise Development Programme - Resources

Business Angels

Business Angels are private investors or syndicated groups providing equity funding for business opportunities. In addition they contribute their know-how or experience in company management and can offer valuable expertise and guidance. Angels usually seek active participation in the company in which they invest.

Business Angels are a substitute for classic bank financing or venture capital which is often lacking at the early stage of a company's life. They are primarily motivated by return on investment and Business Angel involvement can often help secure access to venture capital or classic bank loans.

The average initial investment by Business Angels ranges between €25K and €125K. Business Angels generally invest in the region where they live and in areas in which they have greatest expertise/ knowledge. They may not necessarily look to invest in new technologies, although some specialise in providing finance in such areas.

You may be interested in the Angels Service if your business:

• has the potential to be successful and innovative and to achieve significant profits or growth over the next 3-5 years
  

• needs finance to achieve your business aims
  

• has an innovative or unique proposition which distinguishes it from competitors
  

• could be helped by outside expertise

The Angel will normally require an equity stake in your business and may wish to provide a managerial contribution, perhaps as a non-executive director or chairman.

Links

• Hitting the right pitch
  

• Product + talent = not enough
  

• Business Briefing: Anthony Clarke
  

• Are you investor ready? Jason Ball, London Business Angels
  

• How to attract an investor, Hugh Mason, Pembridge

Who can I contact about my local Business Angel Network?

Business Angel Partnership (BAP) BAP is a new pilot initiative between InterTrade Ireland, Enterprise Ireland and the Irish Business & Innovation Centres (Irish BICs). The BAP pilot programme is managed by the Dublin Business Innovation Centre on behalf of the Partners.

The aim of BAP is to harness the knowledge and experience of InterTrade Ireland, Enterprise Ireland and the Irish BICs working together with those seeking funds for start-up enterprises by identifying private sector individuals with cash and company development knowledge, preferably international knowledge.

BAP seeks to provide a platform for Angels to find business opportunities and through a matching process link the Angel with the Entrepreneur seeking investment. This process is handled in a confidential and precise manner.

Geographically, the BAP will cover the Greater Dublin area, BMW, Southern and Eastern Regions of Ireland.

BAP is working closely with HALO. (Northern Ireland)

Our contact details:

Programme Manager: Lar Burke

Business Angel Partnership
Unit 30
Guinness Enterprise Centre
Taylor's Lane
Dublin 8
Tel: + 353 1 4100 819
Mobile: + 353 (0) 87 8227120
Email: info@businessangels.ie
Web: www.businessangels.ie

halo halo is a new initiative from Investment Belfast. The halo initiative, aims to facilitate the provision of valuable support and financial assistance to entrepreneurs who are keen to grow their businesses but lack the expertise, experience and funding required to successfully achieve this.

halo will provide the missing link between private investors (Business Angels) and entrepreneurs by assisting in matching the two together, based on a careful and confidential selection process.

Our contact details

Director: Desmond Oliver

halo
5th Floor
40 Linenhall Street
Belfast BT2 8BA
Tel: +44 (0)28 9033 1136
Fax: +44 (0)28 9033 1137
Email: doliver@investmentbelfast.com
Web: www.haloni.com

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Louth County Enterprise Board, Quayside Business Park, Mill Street, Dundalk, Co. Louth, Ireland. Telephone: +353 42 932 7099 Fax: +353 42 932 7101