Business Angel Network Bologna

Project information

Index: 1023R4
Acronym:SMART EUROPE
Priority:1: Innovation and the knowledge economy
Sub Theme:Employment, human capital and education
Location ITALY NORD-EST Emilia-Romagna Start/End date of the practice
Start: 2001
End: n.a.

Topic of the practice

The business angels network aims to support the development of start-up and early stage enterprises through innovative financial instruments and mentoring activities.

Good Practice Information

BAN Bologna strongly supports the matching between:
Entrepreneurs – needing financial resources and management skills and Business Angels - offering financial resources and management skills
BAN Bologna supports business project development and promotes the meeting of supply and demand of risk capital though the following actions:
A) selecting business projects B) identifying business angels; C) promoting the match between entrepreneurs and business angels
BAN Bologna does not foresee any cost for businesses, for those who have a business idea and for the business angels while it is self-financed by the members' share (Province of Bologna, Ascom, Aster, Confartigianato and Legacoop Unindustria).

Evidence of success

Though the number of actual matches seems rather low, many entrepreneurs are helped with training and alternative financing, hereby some figures
400 projects and 70 business angels addressed to BAN Bologna;
90 projects selected trough the pre-screening;
48 business angels entered the Ban network;
50 meetings and presentations;
10 Forum of investments successfully carried out
5 matches

Contact details to obtain further information on the practice

A. Tiziana de Nittis

Province of Bologna

apolloniatiziana.denittis@provincia.bologna.it

www.banbologna.it

Annex completed on: 10-23-2014

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