EUROPEAN BUSINESS ANGEL NETWORK EUROPEAN ... - Idepa

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