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Business Angels in Poland in Comparison to Informal Venture Capital Market in European Union

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Author(s): Krystyna Brzozowska

Journal: Engineering Economics
ISSN 1392-2785

Volume: 2;
Start page: 7;
Date: 2008;
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Keywords: entrepreneurship | venture capital market | business angels | Poland.

ABSTRACT
Capital problems are the most important to solve foralmost all entrepreneurs, especially for those involved inactivity of high level of innovation. The main solutionwhich led to getting a mature innovative firm is a venturecapital involvement in form of business angels, venturecapital funds or seed funds. A cradle of venture capitalmarket activity is the United States of America, but also inbetter developed countries in Europe such activity is alsoflourishing, e.g. in the United Kingdom, France, Germany,Scandinavian countries. In other EU countries, especiallynew members, venture capital market has not as yet beendeveloped, but it is still growing together with the increaseof the level of innovation and entrepreneurial activities.

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