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The European Commission study “Understanding the Nature and Impact of the business angels in Funding Research and Innovation” has been prepared for the European Commission. The project was coordinated by INOVA+ together with Business Angels Europe (BAE), the European Trade Association for Business Angels, Seed Funds and Early Stage Markets Players (EBAN), Tiago Botelho of the University of East Anglia (UEA) and the Zentrum für Europäische Wirtschaftsforschung (ZEW).


Through documental research, a survey and the conduction of a series of interviews with Business Angels and entrepreneurs from 33 European countries, the study provides detailed insights on their economical and professional behavior throughout European venture capital markets and the national context business angels operate in. The document also presents a catalogue of best practices of support measures and innovative schemes for Business Angels’ investments, as well as giving policy measures aimed at supporting business angels.

Read the seminal report below.

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