Innovative early stage ventures that have the potential to yield high social impact, but require less than €1 million in capital, are the most difficult segment of the SME pipeline to reach. Often times they have a minimal track record and lack the collateral needed to secure capital from a local bank. Moreover, local banks and traditional financiers too often do not appreciate the dynamics of the entrepreneur’s specific business and therefore cannot add necessary value beyond capital. It is exactly through direct equity participation that entrepreneurs learn from angel investors, often experienced entrepreneurs themselves with domain specific expertise.
In July and August of 2015, ABAN, the African Business Angel Network organized a series of Angel Investor Boot Camps and Master classes in Lagos, Nairobi and Cape Town. Theme for the series was ‘Unlocking capital for early stage innovation’. The insights and lessons learned gained from these sessions was used as input for designing the program for the 2nd Annual ABAN Angel Investor Summit, an event that took place on the 23rd of September in Lagos, Nigeria preceding the 4th Annual DEMO Africa conference.
The four events …read more
Read more here:: Building A Pan-African Network of Angel Investors