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.
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