Business Angels
Slovakia
Organisation that has implemented good practice: Club of Business Angels of Slovakia
Type of organisation: NGO
Level: national
Target group: young potential entrepreneurs with a feasible business plan
Aim: to support start-ups and young entrepreneurs through connection with business angels – potential investors
Description
The Club of Business Angels of Slovakia is a network of investors – business angels with interest in investing in interesting business ideas and projects. The amount of investment in the project is different and ranges from 10,000 to 80,000 € per project. The advantage for the entrepreneur is, in addition to providing venture capital, also assist in managing the company. The business angel offers the entrepreneur his experience, contacts and advice. All projects wishing to get support must be innovative, investment-ready and with the potential for investment growth. Investors can be contacted through an online presentation and also at a personal meeting of the Club of Business Angels of Slovakia. We placed it here as a good practice since youth organizations and NGOs can start cooperation with such an association or start some project together and connect young people who would like to start their business but need some investments. Particularly because during training and projects, young people often come with great ideas, but they do not move forward with their idea due to lack of funding.
