discount cialis
canadian pharmacy
5mg cialis online

real viagra without prescription
how to get cialis in canada
generic levitra vardenafil

buying cialis online
pfizer viagra

cialis professional 100 mg
cialis on line pricing in canada
how can i get some cialis
purchase propecia
soft gel viagra tablets

viagra non prescription
canada viagra generic
generic cialis soft tabs
low cost canadian viagra
cheap propecia order online
cialis quick shipment

cialis canada
viagra prescriptions
cialis tablets vs viagra
soft gel viagra tablets
cialis daily canada

buy pfizer viagra in canada
cialis woman
canada levitra
viagra in india
cialis 30 mg
cialis and canada custom
buy cialis online without prescription

levitra online overnight delivery

mexico levitra
viagra buy
cialis canada online pharmacy no prescription

indian cialis
online us viagra
cialis soft pills
viagra sales
mexico pharmacy
how much to buy viagra in pounds
levitra prices
cialis fast delivery
cialis professional

pfizer viagra cheap
buy propecia online from usa pharmacy

cialis to buy
cialis for less 20 mg
viagra fast delivery

buy viagra online paypal vipps
pfizer mexico viagra
cialis soft tablets
generic propecia viagra
herbal alternative to cialis
canadian healthcare pharmacy
brand name cialis overnight
viagra aus usa
viagra overnight delivery
cialis next day
no prescription viagra
cialis buy overnight

cost of cialis
cialis soft canada
were to buy viagra
cialis samples in canada
price check 50mg viagra
viagra pills
viagra original pfizer order
china viagra
viagra soft tabs
cialisis in canada
buy viagra made by pflizer
cialis delivered overnight
levitra vs viagra
canada meds viagra
overnight delivery cialis
order levitra online
cailis canadian farmacy
viagra 50mg
cialis daily
viagra online no prescription
discount propecia
canadian pharmacy propecia
cheap viagra or cialis
viagra australia no prescription
buy cialis
mexico pharmacy cialis
viagra how much
canadian pharmacy viagra legal

viagra next day delivery
buy viagra online without prescription
overnight delivery viagra

overnight canadian viagra
viagra for cheap
viagra overnight delivery
canadian cialis uk
cheap levitra on line
lowest propecia prices in canada
uk propecia sales
rx generic viagra
generic cialis sale
purchase cialis cheap
cheapest propecia in uk
cialis soft canada
buy cialis once daily

25 mg viagra
cialis tablets
cialis canada illegal buy
viagra alternative
viagra 50 mg
overnight delivery cialis
obtain viagra without prescription
cialis dosagem
express viagra delivery
how much is viagra
one day cialis
cialis price in canada
indian cialis
brand name cialis overnight
cialis generic 100 mg
best canadian pharmacy shop
natural viagra
cialis samples in canada
soft cialis
buy propecia where
cialis fast delivery
canadian healthcare viagra sales
viagra 50 mg online

gerenic cialis
canadian healthcare viagra sales
buy viagra in canada
viagra no prescriptions
viagra brand
overnight viagra
cheapest propecia sale uk
buying cialis next day delivery

cialis for sale

viagra in india

cialis 100 mg
cheap cialis
cialis overnight
levitra online prescription
viagra canada generic
viagra mexico
cialis to buy
cialis uk
5 mg propecia buy
levitra vs cialis
viagra overnight

buy viagra pills

viagra femele
pfizer viagra
viagra sales in canada
cheap canadian viagra
buying viagra online

cialis okay for women
viagra prescription
viagra tablets for sale
sale propecia
levitra vs cialis
best online levitra
how can i buy viagra in canada
buying real viagra without prescription
cialis dosagem

order generic viagra

cialis on line pricing in canada
buy cialis online uk
cheapest cialis

soft gel viagra tablets
where get propecia perscription
cialis overnight
viagra non prescription
buy propecia prescriptions online

cialis cost
viagra through canada
online viagra scams
cheapest prices for viagra
real viagra pharmacy prescription
cost of daily cialis

buy levitra in europe
viagra prescription
100 mg cialis
viagra prices
cialis buy overnight
where to buy cialis
cheap propecia canada

real cialis

map of france with cialis
china viagra
purchase cialis next day delivery
generic viagra made in usa
professional cialis online

spain female viagra
cialis for sale
where to get viagra cheap
buy cialis professional
levitra ed
natural viagra
cialis discount
viagra levitra cialis
low price levitra
viagra price
viagra soft
female viagra
cialis and canada custom
low cost levitra
cialis buy
buy viagra china
pfizer viagra
we deliver to canada viagra
viagra discount
cheap cialis from india

cost levitra

buy propecia online
buy cialis next day delivery
generic cialis
buy now propecia
viagra pfizer online
buy real cialis
low price cialis
online viagra scams

buy real viagra online without prescription
canadian viagra and healthcare
canadian pharmacy cialis pfizer
cialis for women
chip cialis
best price for generic cialis





‘Angel Investing comes into its own in 2011’ - 27th January 2011

120 members of the angel and early stage investment community gathered together in the City of London this week to review the implications of the current financial climate for investing in innovation in the wake of severe challenges to the economy and new government measures to address finance for business growth. The Workshop held on 26th January was organised by the Investoo Business Angels the UK trade body for angel and early stage investing and held at the offices of London law firm Travers Smith. 

Anthony Clarke, Chair of IBA and MD of Angel Capital Group, in his introductory speech, spoke of the evolution of angel investing which he felt was finally coming into its own as the main source of finance for growth potential start-ups and early stage businesses, attracting a much more significant level of interest both from Government and from those in the private sector with the capacity to invest into this asset class and with a new entrepreneurial group of Super Angel investors emerging. “IBA welcomes the proposed new measures to support a new Angel co-investment Fund as a key means to leverage new investor groups and significantly increase the level of equity finance into the market place for early stage and start-ups” he said. “With such measures in place and a greater awareness of the opportunities offered for investors, we have the capability to achieve comparable levels of angel finance as in the US market, where over 22bn dollars are raised annually to invest in this space”.


Ian Stewart, Chief Economist at Deloitte Research, reviewed the latest economic data and the likely prospects for 2011 for investors and businesses against the backdrop of a further dip in GDP announced this week. Ian concluded that the overall picture is not so gloomy, with evidence that the private sector is seeking to expand and invest in new products and with a greater appetite for risk. However, he concluded that whilst there is a continuing recovery, it will be erratic and choppy and there will be a wide variation between SMEs sectors with those focused on consumer products most at risk, whilst technology and manufacturing are showing strong resilience.


Simon Walker, CEO of BVCA, looked at the prospects for VC investing in innovating early stage businesses in 2011. He believed steadfastly that the future of British employment is in new companies and noted that whilst lip service had generally been paid by government to the importance of investing in innovating start-up companies, there is evident enthusiasm within the coalition government for expanding the venture sector - be it through angels or venture capitalists. “This means that early stage and angel investment community now has a real chance to make its voice heard along the corridors of power and a genuine opportunity to play a significant role in the future of the British economy”, he said. “We believe that the government has a role to play in promoting venture capital and angel investing to the entrepreneur, facilitating a process whereby early-stage investing is encouraged not by tax incentives alone, but by reaching out to every entrepreneur or small business manager and educating them on the benefits of venture capital and angel investing and presenting them as a genuine alternative to bank financing.


Ken Cooper from Capital for Enterprise Ltd presented the details of the new proposed Business Angel Co-investment Fund of £100m which is the subject of a bid to the new £1.4bn Regional Growth Fund, set up to provide new injections of funding to support job creation in areas hit by public sector cuts. “The proposed co-Investment fund recognises that Business Angels are the most significant source of early stage capital in the sub £1m market source of early stage venture and aims to leverage this potential, he said. “The Fund would aim to act as a ‘big business angel’ sharing the risk with private investors, investing as partner alongside angel networks and syndicates and with a view to leveraging at least £2 angel investment alongside each £1 put in by the Fund”. CfEl will manage the Co-investment Fund if the bid to RGF is successful and will set up an Investment committee to review all deals that meet requirements, on the basis that the main due diligence and investment documentation has been carried out by the relevant network/syndicate based on specific guidance and requirement to be established by CfEL.


With the government due shortly to announce the results of its negotiations with the Banks, including a new annual target for increased lending to small businesses, Stephen Pegge of Lloyds TSB Commercial and representing the British Banking Association Business Finance Taskforce, announced the new measures being launched for 2011. “These initiatives are designed to address the challenges faced by the banks as legacy of the financial crisis over the past two years. We intend to significantly increase access to bank finance, improve overall knowledge and understanding between banks and SMEs and address the lack of confidence among SMEs in relation to bank lending” said Stephen Pegge. Mentoring was identified as a key measure to address the need for improved advice and guidance with a new network of mentors being set up across the UK of experienced individuals with banking and financial experience to deliver free coaching and advice to SMEs on how to plan their finances and maximise their opportunities from bank lending.


Andrew Cave of the Federation of Small Businesses, welcomed these announcements of new financial measures. “The recession has led to a behavioural shift in the way small businesses access finance and the severe lack of confidence in bank finance has lead to an increasing number of small and micro businesses seeking other sources of finance including angel finance. Andrew said. “However, there remains a low level of knowledge among the entrepreneurial community on how to access angel investment with only 2% of their membership seeking equity finance”. The FSB especially welcomed the opportunity to work alongside the IBA to increase awareness and understanding of how to access angle investment.

 The changing landscape of Angel investing and the emergence of new “Super Angel Groups” with high level entrepreneurial experience and bringing significant financial capacity into the early stage market place was a key topic at the workshop. Sean Seton-Rogers, from PROfounders Capital described how they had brought together a group of players as Brent Hoberman of and Michael Birch of Bebo, to develop a new model of investing in high growth potential technology businesses where they could bring significant market and business experience to considerably accelerate the competitiveness and scale of these businesses. “We saw a gap in the market for high growth potential technology businesses, and we wanted to take the best of Silicon Valley and bring this experience to the UK early stage investment market” Sean stated. Sherry Coutu, from Cambridge Angels was also able to report back from the Seed Summit held that morning at the new Silicon Roundabout Tech Hub. “There is a new critical mass of entrepreneurial people now emerging in the UK and across Europe with considerable investment capacity into innovative start-up companies. This community is also ready to share deals and leverage their mutual investment potential and invest together to share their entrepreneurial know-how and international market access” said Sherry. Sean Seton-Rogers added, “We don’t need to compare ourselves with Silicon Valley. The UK, and especially London, has become the epicentre of technology and global creativity and many key entrepreneurial investors have gravitated toward these opportunities.”  

Achieving exits remains one of the most significant challenges in the current climate and vital for the growth and vitality of the angel and early stage VC investment market. Marcus Stuttard, Head of AIM at the London Stock Exchange presented the trends in AIM listings in 2010 and how angel led investments could increase their potential for IPO in 2011. “There is a need for greater awareness among early stage investors of how to plan and achieve AIM listing, as a real option for their angel portfolio businesses”, he emphasised and felt that closer links should be forged between the IPO and angel markets as two vital poles of the finance ladder. Experienced angel investors, Neil Blackley from Ingenious Media and Steve Berry from Waterbridge Capital presented their views of the pros and cons of achieving exits through IPO, trade sales and acquisitions. A successful exit is achieved by everything yo do from day one of your investment and draw on experience of other team members/non execs in relation to IP O or trade sale. It’s important to negotiate an exit from a position of strength when seeking to exit and creating a dynamic tension between a number of potential buyers can also be an effective way to ensure that a successful outcome is achieved.

 Anthony Clarke concluded from the conference that IBA as the UK trade body has a vital role to play to bring together all these different models from angel networks to new super angel groups to leverage the power of angel investing for early stage businesses and to maximise the opportunity to grow the market for angel investing in the UK.


The Investoo Business Angels is the only trade association dedicated to promoting angel investing and supporting early stage investment in the UK. Each year private investors account for between £800 million and £1 billion of early stage investment in the UK; angel investors represent the single largest source of early stage capital in the country and are crucial to the growth of early stage businesses.

IBA works to create an eco-system to promote and support the early stage investment market, providing a forum for angel investment networks,  early stage VCs and professional intermediaries to integrate and share good practice on new developments and trends in early stage investing, and develop new services and tools to support the investment process.

IBA also acts as a voice to Government, stakeholders, business and the media to promote the interests and needs of the angel and early stage investment industry.
Please note that the IBA does not provide funding directly to businesses so please DO NOT send us your business plans. Contact the business angel networks and VC funds listed in our directory that operate in your area. 


and companies seeking funding

Business Angels invest across most industry sectors and stages of business development.

Click here


looking to invest in early-stage businesses

Business Angels invest between £10,000 and £750,000 in an investment.

Click here

IBA is sponsored by:


IBA is Supported by: