EUROPEAN BUSINESS ANGEL NETWORK EUROPEAN ... - Idepa

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EUROPEAN BUSINESS ANGEL NETWORK - Directory of Network 2005 • Other: Partnerships with universities, academies/colleges, science parks; public relations, direct mailings. • Personal network of the board as well as its members • Word of Mouth Fees: o Fees charged to entrepreneurs: 120 EUR for each introduction o Fees charged to business angels: 100 EUR annually Estimate of the number of jobs created as a result of the network activity over the last 3 years: n/a Success story: n/a 115
1. Background EUROPEAN BUSINESS ANGEL NETWORK - Directory of Network 2005 MALTA MBAN is the first business angel network set up on the island. 2005 Due to Malta’s relatively small size and island status, along with an undeveloped capital venture market both formal and informal, in an environment where entrepreneurship is often mentioned but not yet culturally firmly established, it was deemed essential to create the necessary structures in a way that maximises the efficient use of available support and incentives, stimulating the dynamism of the Maltese economy so that it can better sustain formal business angel activities through a network. With this in mind, along with the facts that Malta has a very limited local market, and knowledge that local business angels have an eye for foreign investments along with local entrepreneurs seeking to establish themselves in markets outside of the domestic one, it was decided to create MBAN in such a way that it could gather various synergistic aspects together under one roof whilst allowing for market expansion throughout the Mediterranean and Europe. 2. Background statistics 2003 Mid-2004 Number of BANs 1 1 Number of non-commercial BANs 0 0 Number of commercial BANs 1 1 3. BAN legal status MBAN is a private limited company registered in Malta and is a national representative for BA's (Business Angels) and BA syndicates. 4. National association None as MBAN is the only BAN in Malta. 5. Dissemination of the BAN concept Two pronged educational and awareness programme targeted directly at stimulating the BA and entrepreneurship markets both of which need to be available for this endeavour to succeed. These will take the form of seminars, training sessions and resources, provided and supported by sponsoring organisations and individuals. In addition MBAN maintains a website which will be expanded to include online forums. 6. EU Support None 7. EBAN Members MBAN 116
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Club Invest 77 Huet Martine 14 aven
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• Sponsors EUROPEAN BUSINESS ANGE
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