Early Stage Investing Launchpad pilot has the overall objective of developing and boosting the activities for Business Angels through an international capacity building program. ESIL pilot focuses on 3 EU Member States where the number of BAs and BA related activities and investments are still under developed or just emerging. Particular attention is devoted to the seed and early stage investment in ICT highly innovative start-ups and SMEs.
“After a careful analysis of the candidates, ESIL Pilot partnership was glad to select Venture Connect and Business Angels Romania as local leaders for the development of the ESIL Pilot project in Romania. We are positive that both local partners have a great mix of drive and skills which makes them the best choice for a successful participation and development of the BA capacity building program in the region” Umberto de Feo, ESIL Pilot Project Manager.
“Business Angels Romania is proud to be part of the ESIL Pilot Project. We believe that the education of investors is a very strong first step in building a strong ecosystem” Andrei Tabarcea, Managing Partner at Business Angels Romania.
“The purpose of starting VentureConnect was to offer the means through which the local entrepreneurial ecosystem could develop. After a number of investments and success stories for the IT industry here in Romania, we believe it is time to also focus on potential Romanian business angels. The partnership with local and established international business angels networks will create the means through which potential Romanian business angels will be able to obtain substantial investment know-how”, mentioned Daniel Visoiu, Partner BAC Investments and President of the VentureConnectFoundation.