Business angels in the UK

Professor Richard Harrison, Professor of Entrepreneurship and Innovation, University of Edinburgh Business School and Professor Colin Mason, Professor of Entrepreneurship, Adam Smith Business School, University of Glasgow – winners of the ESRC Celebrating Impact Prize for Outstanding Impact in Business.

Professor Colin Mason and Professor Richard Harrison

One of the key features of the development of a more entrepreneurial economy in the UK over the past 25 years has been the emergence of the business angel investment community as a major source of funding for new and growing ventures. Business angels are typically wealthy individuals who invest their personal capital in small businesses (typically start-up or early stage) in return for an equity stake. Indeed, business angels contribute more finance to entrepreneurial ventures than the institutional venture capital market. Continue reading