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An assessment of government funding of business angel networks in Flanders
Eine Bewertung der staatlichen Finanzierung von Business-Angel-Netzwerken in Flandern
[journal article]
Abstract We evaluate whether government intervention through the subsidization of business angel networks enhances regional economic growth. We show that, firstly, BANs reduce the information and financing problems entrepreneurial companies face. Secondly, these companies contribute to economic development a... view more
We evaluate whether government intervention through the subsidization of business angel networks enhances regional economic growth. We show that, firstly, BANs reduce the information and financing problems entrepreneurial companies face. Secondly, these companies contribute to economic development and growth. Thirdly, there are positive indicators of future potential, such as an upward evolution in value creation and ability to raise follow-on financing. Finally, the programme has many positive indirect effects. This leads us to tentatively conclude that public BAN support is warranted. However, to make this conclusion more robust requires a longer-term evaluation.... view less
Keywords
economic development (on national level); politics; venture capital
Classification
Political Economy
Economic Policy
Free Keywords
risk capital; business angels; policy; economic development; market failure; Business Angels; Scheitern auf dem Markt
Document language
English
Publication Year
2010
Page/Pages
p. 119-130
Journal
Regional Studies, 44 (2010) 1
DOI
https://doi.org/10.1080/00343400802070860
Status
Postprint; peer reviewed
Licence
PEER Licence Agreement (applicable only to documents from PEER project)