Posted on Tuesday 20 October 2009 by Ulster Business


Northern Ireland needs more business angels to bring forward 'Smart Money' to help build successful businesses, according to halo, the NI Business Angel Network.

This will be the key message delivered at a business angel awareness raising and recruitment event to be held on 21st October at the Northern Ireland Science Park (NISP), the body which operates the 'halo network' here. The event is being sponsored by Invest Northern Ireland. As part of a UK-wide awareness raising campaign led by the British Business Angels Association (BBAA), the UK trade body representing angel and early stage investing, potential business angels and their key advisors will be invited to hear more about the importance of angel investing, as well as the potential returns and tax breaks they can expect from participating in angel activities. The BBAA is working alongside the NISP halo network with support from Invest NI to deliver an awareness event and a series of workshops to recruit and build capacity of new angels in Northern Ireland. A key focus will be to engage the support of local business organisations, finance and wealth managers as well as professional advisors and intermediaries who can identify individuals with the right profile to become angel investors. Speaking at the launch of the initiative, Alan Watts, halo Director said; "Business angels bring forward 'smart money', offering not only finance, but also important skills and experience to build successful businesses. While the existing halo network is going from strength to strength here, already boasting over 80 members with a fighting fund of over £18million, we believe there is significant scope for more business angel investors in Northern Ireland to come forward."


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