EIF Launches European Angels Fund
Summary
European Investment Fund recently launched the European Angels Fund (EAF), which provides equity to business angels and other non-institutional investors for the financing of innovative companies in the seed, early or growth stage in the form of co-investments.Managed by the EIF, the fund supports business angels in increasing their investment capacity.It started its activities in Germany in cooperation with Business Angels Netzwerk Deutschland (BAND) and the ERP-EIF Dachfonds in March 2012.In the future, the EAF will be extended to other European countries and regions in view of a pan-European coverage.Business angels with a) an adequate experience in the targeted investment area, b) a track record of successful investments in the past, c) good access to quality deals and d) financial capacity to invest at least €250k in total during the lifetime of the CFA, i.e. 10 years, can submit their application online at: http://www.eif.org/what_we_do/equity/eaf/eaf_form.htm FinSMEs 06/04/2012 Useful Links – EIF launches a fund for Business Angels (read here) – European Angels Fund (EAF) (read here) – European Angels Fund (EAF) leaflet (download here)