Naslov
The role of Business Angels in financing of small sized enterprises in Croatia

Autori
Sigurnjak, Lena ; Knežević, Sanja ; Kulaš, Anita

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), ostalo

Izvornik
Proceedings of the 3rd International Scientific and Expert Conference / - , 2011, 360-363

ISBN
978-953-55970-5-6

Skup
International Scientific and Expert Conference TEAM 2011

Mjesto i datum
Trnava, Slovačka, 19.10.2011. - 21.10.2011

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Business angels Small-sized enterprises New ventures Investment Entrepreneur

Sažetak
The financial crisis has spread worldwide and caused the global economic crisis. Reduced loan leads on one side results with reduction of production sector, on the other side it results with decreased demand. Global economic crises largely declined small business activities in the past few years. Small businesses are the largest employers, suppliers and business innovators. They can not to fund their activities by themselves, and therefore have reduced number of employees, and many will be liquidated. Government, banks, investment funds, strategic partners, capital markets and the rich individuals may be saviors of these companies. Important role in such situations have business angels. Business angels fill the gap between founders, family, and friends on one side, and institutional venture capital funds on the other side, as a financing source. Business angels invest a large amount of money in seed, start-up, and early-stage enterprises. Private individuals have always had a tendency to invest in high-risk projects. Business angels are important for small enterprises because they provide more than money. They are hands-on investors and contribute their skills, expertise, knowledge, and contacts in the businesses they invest in. They are wealthy persons with great business experience, willing to invest and offer their wealth and knowledge to owners and to entrepreneurs to start or develop their businesses. There are only about twenty business angels in Croatia. They fill a huge hole from idea to its realization that entrepreneurs are heavily substituted. Before, the only solution for entrepreneurs was a multi-year savings to provide enough money to attempt to realize their ideas. Business angels funding significantly increases the chances of success and benefit of businesses and the entire society.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA