Guardian Angels of regional growth

“Angel investors do not want to be receiving poor-quality proposals, and networks have higher standards still. So it is important entrepreneurs get themselves investment-ready before seeking angel investors. Entrepreneurs should not shop their business all over town.”

New Zealand entrepreneurs need to be certain their businesses are ready to be invested in before they seek angel investors, says a Ministry of Economic Development researcher.

Policy advisor Carsten Schousboe says New Zealand’s angel investors have the opportunity to make a significant impact on regional growth – and local entrepreneurs need to do their homework if they want support from such investors.

Carsten Schousboe is speaking at this week’s Regional Development Conference in Napier. The conference is focused on moving regional development in New Zealand up a level to meet the demands of a changing international environment.

Angel investors are successful business people who are willing to provide management expertise and financial backing to start-up businesses.

He says angel investors can help fledgling firms, but those businesses first need to get themselves into a position where they are ready to be invested in.

Full Story: http://www.scoop.co.nz/stories/BU0503/S00240.htm