Assessment of government funding of business angel networks in Flanders
Collewaert, Veroniek Manigart, Sophie Aernoudt, Rudy
Collewaert, Veroniek
Manigart, Sophie
Aernoudt, Rudy
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Publication Type
Journal article with impact factor
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Supervisor
Publication Year
2010
Journal
Regional Studies
Book
Publication Volume
44
Publication Issue
1
Publication Begin page
119
Publication End page
130
Publication Number of pages
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Abstract
Assessment of government funding of business angel networks in Flanders, Regional Studies. The paper evaluates whether government intervention through the subsidization of business angel networks (BANs) enhances regional economic growth in Flanders, Belgium. It shows that, firstly, BANs reduce the information and financing problems entrepreneurial companies face. Secondly, that these companies contribute to economic development and growth. Thirdly, that there are positive indicators of future potential, such as an upward evolution in value creation and the ability to raise follow-on financing. Finally, the programme has many positive indirect effects. This leads to a tentative conclusion that public BAN support is warranted. However, to make this conclusion more robust requires a longer-term evaluation.
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Keywords
Entrepreneurship