A New ‘How-To’ Guide for Creating Angel Investor Groups for Emerging and Frontier Markets
May 15, 2014 Editor 0
“Every business needs an angel.”
This was the advice given by John May, Chair-Emeritus of the Angel Capital Association and Co-Chairman of the World Business Angel Association, to 20 of the best African and Caribbean mobile software entrepreneurs from infoDev’s network of mLabs, mHubs and partner incubators.
Last November, this lucky group gathered at infoDev’s Mobile Startup Camp to learn, refine their product strategies, and hone their pitches to angel investors. They received one-on-one mentorship from John and a team of other experts on raising early stage financing from angels. However, many more talented entrepreneurs did not have this unique chance. In addition, many high net worth individuals who are curious about investing in startups in their communities or in their countries of origin, simply don’t know where to start when it comes to angel investing. “Angels” play a significant role in helping new businesses get off the ground. Research in the U.S. indicates that start-ups funded by angel investors provided about 274,800 new jobs in 2012, or about 4.1 jobs per investment.
The number of business registrations is often used to gauge startup activity in a country. In Sub-Saharan Africa, the Middle East, and North Africa, new businesses are registered at lower rates per capita than in higher-income countries. One of the reasons for this is the lack of early-stage financing coupled with mentoring, such as that provided by angels. If successful entrepreneurs and wealthy individuals could help startups bridge the early-stage financing gap in these markets, new, innovation-driven firms could create millions of high-value jobs each year and help improve industry competitiveness.
Download the guidebook at: http://bit.ly/angelgrp
- Invitation to join an online discussion on cattle genomics in Africa, 16-26 August 2016
- Even Sleeping Smartphones Could Soon Hear Spoken Commands
- Transform Idea into a Product | Steve Rogers
- Africa: Post-2015 – Chance for a Step Change in African Science Education
- Expanding the Mobile Apps Market: Making Mobile Work at the Base of the Pyramid
- New technique yields never-before-seen information critical to biofuels research
Categories: World Bank PSD
Subscribe to our stories
- The Strategic Role of Design in Driving Digital Innovation June 10, 2021
- Correction to: Hybrid mosquitoes? Evidence from rural Tanzania on how local communities conceptualize and respond to modified mosquitoes as a tool for malaria control June 10, 2021
- BRIEF FOCUS: Optimal spacing for groundnuts in smallholder farming systems June 9, 2021
- COVID-19 pandemic: impacts on the achievements of Sustainable Development Goals in Africa June 9, 2021
- Explicit knowledge networks and their relationship with productivity in SMEs May 30, 2021