Business Angels are the most important early-stage investors into young innovative start-ups. Even in later financing rounds they will be more and more important. But until now, there are no exact figures on their investment behavior. Concerning the number of active Business Angels in Germany and Europe or the investment volume per deal there are very different estimations. The conditions that favor investments by Business Angels in start-ups are largely unexplored.
We need to know more about Angel Investments, the market must be transparent in order to make strategic decisions and to create an adequate environment.
BAND promotes the Business Angels market as an important field of research and is engaged in building-up a “scientific community” of those researchers who are active specifically in the Business Angels field. In addition BAND acts as a place of collection for scientific studies and published statistics on this subject.
In the Board of Business Angels Europe (BAE) BAND is responsible for the department "Research and Data". Doing this BAND has a good knowledge of the status quo in the Business Angels research in Europe. BAND informed about scientific studies that have been explored in other countries and which are of relevance for the German market.
Scientific research, studies, figures, data and facts about Germany:
- Fryges, Helmut, Gottschalk, Sandra, Licht, Georg, Müller, Kathrin: Hightech-Gründungen und Business Angels, Mannheim Oktober 2007 (ZEW Zentrum für Europäische Wirtschaftsforschung GmbH).
Scientific research, studies, figures, data and facts about Europe:
- CSES Center for Strategy & Evaluation Services: Evaluation of EU member states’ Business Angels markets and policies. Final report, Kent october 2012
- Wiltbank, Robert E.: Siding with the Angels. Business angel investing – promising outcomes and effective strategies, London May 2009 (NESTA National Endowment for Science, Technology and the Arts and british Business Angels Association)
International Studies, among others OECD, United States: