Founding angels as an emerging subtype of the angel investment model in high-tech businesses

@article{Festel2013FoundingAA,
  title={Founding angels as an emerging subtype of the angel investment model in high-tech businesses},
  author={G. Festel and Sven H. De Cleyn},
  journal={Venture Capital},
  year={2013},
  volume={15},
  pages={261 - 282}
}
Some important hurdles hamper the commercialisation of (scientific) knowledge, especially in Europe. Currently, the support provided by investors and technology transfer offices seems insufficient for new technology-based firms (NTBFs) and academic spin-offs to overcome these. Both from a financial perspective and from an operational perspective, opportunities are emerging for investment models to support their development. This paper introduces the founding angels' (FAs) concept as an emerging… Expand
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